At a briefing following the 188th Cabinet-level Development Budget Coordination Committee meeting yesterday, Budget Secretary and DBCC chair Amenah Pangandaman said the proposed National Expenditure Program for 2025 is P6.352 trillion.
The record budget level proposed for next year is 10.1 percent above this year's allocation of P5.768 trillion.
"Social sector will definitely, again, get a big chunk of the budget - that's education, health and social protection," Pangandaman said.
"Agriculture will also remain to be a top priority as we increase our investments for food security. We also have infrastructure development and digitalization as well as climate projects," she said.
The P6.352 trillion is 2.45 percent higher than the previous proposal of P6.2 trillion last April. Next year's budget is equivalent to 22 percent of the economy.
この記事は The Philippine Star の June 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Philippine Star の June 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
NAIA curbside fees possibly in place before holidays - NNIC
The private operator of the Ninoy Aquino International Airport (NAIA) may start imposing fines on overstaying vehicles in terminal curbsides before the holidays to decongest the gateway.
Dito, Smart among best telcos
Dito Telecommunity Corp. has garnered multiple recognitions at the 2024 edition of the Opensignal 5G Global Awards, landing on the same spot as some of the biggest operators in the world.
'Phl economy still fastest in Asean in 2024, 2025'
The Philippines is expected to remain among the fastest growing economies in Southeast Asia this year and in 2025, with growth to be driven mainly by government spending and services exports, according to the Association of Southeast Asian Nations Plus 3 Macroeconomic Research Office (AMRO).
Vista Land raises P3 B from preferred shares offer
Vista Land & Lifescapes Inc., the listed property developer of the Villar Group, has raised P3 billion in its return to the equities market.
AC Health building new facility to boost efficiency
Ayala Healthcare Holdings Inc.(AC Health) is expanding its pharma importation businesses with the construction of a new warehouse at the Cavite Technopark.
Coron, Siargao airports up next for PPP
The government has started evaluating the offers made by the Udenna and Gokongwei groups to operate the airports in Coron and Siargao, respectively, signaling that more gateways will be transferred to private hands under the Marcos administration.
10 firms gearing up for IPOs next year
Some 10 companies are seen undertaking their initial public offerings (IPO) next year on the back of better market conditions, BDO Capital & Investment Corp.president Eduardo Francisco said.
'Power crisis looms without balanced energy mix”
The country needs a balanced approach toward energy transition, as overdependence on a single power source could lead to a dire energy crisis, according to Aboitiz Power Corp.
Slower-than-expected Sept inflation buoys stocks
The stock market soared to a new high in more than two years as the country's inflation dropped to over four-year low in September.
Inflation slows to 1.9% in Sept
Inflation eased further in September to its lowest level in more than four years, driven by the slower increase in food prices, according to the Philippine Statistics Authority (PSA).
