Executive Secretary Lucas Bersamin said the regional event is "a very important part" of the Philippines' international relations and preparing for it is a "gargantuan" task.
"It is a showcase of Philippine politics, Philippine leadership and Philippine social condition. It involves a huge effort... We may require P22 billion to prepare," Bersamin told Palace reporters after the signing of the 2025 budget.
He noted that the government has to pay rent for the summit venues, including the Philippine International Convention Center, which is owned by the Bangko Sentral ng Pilipinas.
According to the Executive Secretary, Congress increased the Office of the President's proposed budget for next year by P5.2 billion so the executive branch could begin hosting preparations. President Marcos' office originally requested P10.5 billion in funding for next year.
This story is from the December 31, 2024 edition of The Philippine Star.
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This story is from the December 31, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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