President Ferdinand Marcos Jr. justifies modifications to the 2025 budget in line veto messages.
Full story: https://www.rappler.com/newsbreak/data-documents/marcos-line-veto-message-2025-budget/
Full story: https://www.rappler.com/newsbreak/data-documents/marcos-line-veto-message-2025-budget/
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00:00President Ferdinand Marcos Jr. justifies modifications to the 2025 budget in line-veto messages
00:08After a week-long delay and a bout of public criticism, Marcos signs the P6.2 trillion
00:13peso 2025 national budget into law but vetoes P194 billion pesos in line items
00:20He says, quote,
00:21"...our finite resources compel us to exercise sound judgment to ensure our fiscal sustainability."
00:27He vetoes P26 billion pesos from the Department of Public Works and Highways budget
00:32He says he took into account urgency of need, implementation readiness, and agency absorptive capacity
00:38Marcos also vetoes some P168 billion pesos in unprogrammed appropriations
00:44These are allotments for government priority programs that can only proceed if the government acquires extra revenue
00:50Apart from the two, Marcos also enumerates a list of national programs in the 2025 budget that were to be conditionally implemented
00:58The list includes the Department of Social Welfare and Development's Ayuda sa Kapos Ang Kita program or ACAP, a social aid program for Filipinos earning less than the minimum wage