President Ferdinand Marcos Jr. signs the P6.326 trillion national budget for 2025 on December 30, after a week-long delay to regain control over government spending.
Full story: https://www.rappler.com/philippines/marcos-signs-2025-national-budget/
Full story: https://www.rappler.com/philippines/marcos-signs-2025-national-budget/
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00:00President Ferdinand Marcos, Jr. signed the P6.326 trillion national budget for 2025 on
00:08December 30 after a week-long delay to regain control over government spending.
00:13The approved budget is lower than the initially proposed P6.352 trillion as Marcos vetoed
00:20P194 billion in line items deemed inconsistent with the administration's priorities.
00:25In his speech, Marcos says that the administration carefully reviewed the budget, listening
00:30to public concerns, and addressing items not aligned with the country's development plans.
00:35Among the vetoed items were P26.065 billion for the Department of Public Works and Highways
00:41and P168.240 billion under unprogrammed appropriation.
00:47Meanwhile, the education sector receives the largest allocation with P1.059 trillion, followed
00:54by the DPWH with P1.0079 trillion.
00:59Marcos also announces conditional implementation for certain programs, including the Ayuda
01:03sa Kapos ng Kita Program or ACAP, a cash aid program for middle-class workers.
01:09This is to ensure that the programs are carried out in accordance with the intended purpose.