First to face the House committee on appropriations will be the economic team, which comprises the Development Budget Coordination Committee (DBCC) – the Department of Budget and Management, National Economic and Development Authority, Department of Finance and Bangko Sentral ng Pilipinas.
According to Marikina City Rep. Stella Luz Quimbo, committee vice chair, they will begin with the presentation of the DBCC to “determine the macroeconomic assumptions used in formulating the budget presented to Congress, the sources of funds, and priority expenditures.”
“This will be the basis of the Committee on Appropriations in filing the General Appropriations Bill that will be approved at the plenary,” Quimbo said, referring to the GAB that contains the NEP.
Speaker Martin Romualdez said the House would like to know from the economic managers “how the country could sustain its economic growth and how such growth could benefit our people.”
This story is from the August 05, 2024 edition of The Philippine Star.
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This story is from the August 05, 2024 edition of The Philippine Star.
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