Connect with us

Hi, what are you looking for?


Duterte to sign 2021 budget bill by end of the year, Palace says

PRESIDENT Rodrigo R. Duterte will sign next year’s spending plan into law by the end of the month at the latest, according to the presidential palace.

The President would sign the measure either on Dec. 23 or 28, his spokesman Harry L. Roque told a news briefing on Thursday. He did not say whether the palace had received the ratified copy of the budget bill.

Last week, lawmakers ratified the P4.5-trillion spending plan for next year, which seeks to support economic recovery after a record recession amid a coronavirus pandemic.

The Palace earlier said Mr. Duterte would thoroughly review the measure for any lines that would need to be vetoed.

The bicameral conference committee increased the allocation for the health sector by 42% to P287.47 billion. The funds will go to the Department of Health (DoH), Philippine Health Insurance Corp. and healthcare personnel, among others.

Under the budget, P72.5 billion will be set aside for the implementation of a COVID-19 vaccine program. Of this, P2.5 billion is under the DoH, while the remaining P70 billion consists of unprogrammed funds.

The amount is lower than the Senate-approved P83-billion allocation for vaccines, which included P8 billion under DoH and P75 billion in unprogrammed funds for vaccine procurement, distribution and storage.

Lawmakers had worked to avoid a repeat of the 2019 budget scenario that led to the reenactment of the 2018 budget for more than four months.

The delay stemmed from an impasse between congressmen and Budget officials, and later with the Senate.

The 2019 budget was also reenacted for less than a week in 2020, after President Rodrigo R. Duterte signed the 2020 budget only on Jan. 6.

The largest share of the 2021 budget goes to the education sector with P708.18 billion, in line with the Constitution. The education sector’s budget, however, was 6.12% lower than initially proposed.

The second-largest chunk goes to the Department of Public Works and Highways (DPWH) with P694.82 billion, up by 4.12%, as the government boosts infrastructure projects to drive the sluggish economy.

Economic output slumped by 11.5% in the third quarter after a 16.9% contraction in the second quarter pushed the country into its first recession in nearly three decades.

Lawmakers also increased the budget of the Labor department by 33.1% to P36.6 billion and the Department of Social Welfare and Development by 3.19% to P176.65 billion. The Transportation department’s budget was cut by 39.1% to P87.44 billion. — GMC

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!



Finding a property to settle in after years of being in the pandemic may leave home seekers and smart investors wary of whether their...


  Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their...


As part of its development agenda for Pakil in Laguna, Ahunan Power Inc. (Ahunan) launched a corporate social responsibility (CSR) program dubbed “Tayo Na...


By Kyle Aristophere T. Atienza and Revin Mikhael D. Ochave, Reporters AN INVESTIGATION is underway over the “illegal” sugar importation order that was aimed...


By Diego Gabriel C. Robles THE PHILIPPINES now aims to become a high-income economy by 2045 at the latest, Socioeconomic Planning Secretary Arsenio M....


THE SY SIBLINGS remained the richest in the Philippines, despite a $4-billion drop in their net worth in 2022, according to Forbes Asia. The...

You May Also Like


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


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...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


Instagram still holds the top spot for social media in terms of building brand reputation and expanding business potential. Every day, more and more...

Disclaimer:, 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.