Connect with us

Hi, what are you looking for?

Economy

Legislators dispute items in 2021 budget

LAWMAKERS from both the Senate and House of Representatives continued to raise questions on the P4.5-trillion national budget for next year, which was ratified by Congress on Wednesday and now up for the President’s review and approval.

Senator Panfilo M. Lacson again raised his concerns over the Department of Public Works and Highways’s (DPWH) allocation, the second highest among agencies at P694.82 billion.

The net increase of P28.3B on top of the “juggled funds” within the DPWH budget “could only indicate massive realignments and insertions introduced by the legislators,” he said in a text message to reporters Thursday.

The senator earlier alleged that allies of House Speaker Lord Alan Q. Velasco received higher infrastructure funds for their congressional districts under the proposed budget.

“Even the multi-purpose buildings that I had repeatedly questioned in the committee hearings all the way to plenary gained more funds instead of being reduced, in spite of the obvious waste of funds due to the failure of the DPWH to implement them,” he said.

Meanwhile, the Makabayan bloc in the House said the P19-billion proposed funding of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) would only lead to more human rights violations.

The bloc composed of six party-list representatives had been persistent in asking for the defunding of the NTF-ELCAC.

Under the ratified budget, the Office of the President will get P4.5 billion for its confidential and intelligence funds.

Malacañang, meanwhile, assured that the bill will be thoroughly reviewed and signed by President Rodrigo R. Duterte on time to avoid a reenacted budget next year.

“What we will assure is that the President will be swift in reviewing the budget to see if there are specific line items that he will veto,” Palace Spokesperson Harry L. Roque, speaking in mixed English and Filipino, said in a briefing Thursday.

As of Thursday afternoon, the Palace has yet to receive the official copy of the ratified 2021 National Expenditure Program. — Kyle Aristophere T. Atienza and Gillian M. Cortez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

THE DEPARTMENT of Public Works and Highways (DPWH) said Tuesday that it will support local government units (LGUs) and map out a clear division...

Economy

A TOTAL of 4.73 million coronavirus vaccine doses procured under a World Bank loan have arrived in the Philippines, the bank said. Over eight...

Economy

THREE INDIVIDUALS filed a complaint before the Office of the Ombudsman against Energy Secretary Alfonso G. Cusi and other officials, alleging corruption in connection...

Economy

A NON-GOVERNMENT organization (NGO) urged candidates running for President to reveal their views on how they plan to govern with borrowed money. Freedom from...

Economy

THE BOARD of Investments (BoI) said it recently approved an application for incentives of Libertad Power and Energy Corp. for a 6-megawatt (MW) biomass...

Economy

THE DEPARTMENT of Agriculture (DA) lifted a ban on cattle imports from Brazil after a finding that cattle from that country have a negligible...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

Pfizer Inc on Wednesday raised its 2021 sales forecast for its COVID-19 vaccine by 29% to $33.5 billion, and said it believes people will...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!