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Manila Bulletin devider Philippines devider National devider Speaker Romualdez thanks DBM for early submission of proposed 2024 budget

Speaker Romualdez thanks DBM for early submission of proposed 2024 budget

Published Aug 2, 2023 03:16 am
From left to right: House Minority Leader Marcelino Libanan,  DBM Secretary Amenah Pangandaman,  House Speaker Martin Romualdez, and Committee on Appropriations Chairman Zaldy Co. (Ellson Quismorio/ MANILA BULLETIN)






House Speaker Martin Romualdez thanked the Department of Budget and Management (DBMl) for passing the proposed P5.768-trillion National Expenditure Program (NEP) 2024 less than 10 days after the start of the second regular session of the 19th Congress. Romualdez led House of Representatives members in receiving the hard copy of the proposed national budget Wednesday morning, Aug. 2 from DBM Secretary Amenah Pangandaman at Batasan Complex, Quezon City. "I commend the Department of Budget and Management for the early transmission to the House the proposed 2024 National Expenditure Program," Romualdez, Leyte's 1st district representative, said in his short speech as he sat beside Pangandaman. "Your submission of the proposed national budget program in less than 10 days from the start of the regular session of Congress provides the House ample time to study, discuss and deliberate on the finer points of the proposal and formulate a national budget that is responsive to the development needs of the country," the House leader said. The traditional, ceremonial turnover of the NEP followed. The second regular began only last July 24, the day of President Ferdinand "Bongbong" Marcos Jr.'s second State of the Nation Address (SONA). "As we all know, the executive department, under our Constitution, has 30 days from the opening of every regular session to submit a budget of expenditures and sources of funding to the House of Representatives, which shall serve as the basis for the general appropriations bill (GAB)," Romualdez said. The P5.768-trillion NEP is the biggest ever sought by Malacañang from Congress. The current 2023 General Appropriations Act (GAA) or enacted national budget is worth P5.268 trillion. Romualdez called the proposed budget "the most important piece of legislation". He vowed that the entire House of Representatives "will deliberate on the budget in a very transparent manner and get the widest consensus for our spending plan". "The majority will listen to the concerns of our friends from the minority bloc. We will make sure that every centavo of the national budget will be spent wisely and contribute to our goal of reigniting the fires of our economic forges," Romualdez said. "With everyone’s participation and cooperation, I am confident that the House of Representatives will be able to scrutinize, deliberate and pass the national budget that is 'pork barrel'-free for 2024 before we go on our first recess in October," he added.
Romualdez earlier said that the House, through the Committee on Appropriations, can pass the 2024 GAB in five weeks' time.

Priority sectors in 2024 NEP

The top 10 "priority sectors" under the 2024 NEP based on allocation are as follows: 1\. Education \(covering Department of Education\, State Universities and Colleges\, Commission on Higher Education\, Technical Education and Skills Development Authority\) \- P924\.7 billion \(2023 GAA\- P895\.2 billion\) 2\. Public Works \(Department of Public Works and Highways\)\- P822\.2 billion \(2023 GAA\- P894\.2 billion\) 3\. Health \(Department of Health\, Philippine Health Insurance Corporation\)\- P306\.1 billion \(2023 GAA\- P314\.7 billion\) 4\. Interior and Local Government \(Department of the Interior and Local Government\)\- P259\.5 billion \(2023 GAA\-P253\.2 billion\) 5\. Defense \(Department of National Defense\)\- P232\.2 billion \(2023 GAA P203\.4 billion\)\. 6\. Transportation \(Department of Transportation\)\- P214\.3 billion \(2023 GAA\- P106\.0 billion\) 7\. Social Welfare \(Department of Social Welfare and Development\)\- P209\.9 billion \(2023 GAA\- P199\.5 billion\) 8\. Agriculture \(Department of Agriculture and attached corporations\, Department of Agrarian Reform\)\- P181\.4 billion \(2023 GAA\- P173\.6 billion \) 9\. Judiciary\- P57\.8 billion \(2023 GAQ\- P54\.9 billion\) 10\. Labor and Employment \(Department of Labor and Employment\, Department of Migrant Workers\)\- P40\.5 billion \(2023 GAA\- P47\.1 billion\)

Related Tags

National Budget House of Representatives NEP Martin Romualdez Amenah Pangandaman DBM Secretary DBM
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