MARCOS OKS PROPOSED P6.352-T 2025 BUDGET

(UPDATES) PRESIDENT Ferdinand Marcos Jr. approved the proposed P6.352-trillion National Expenditure Program for 2025 that would support the key pillars of the administration's Philippine Development Plan (PDP) 2023-2028, Malacañang said Tuesday.

Next year's budget is 10.1 percent higher than this year's P5.768 trillion.

Presidential Communications Secretary Cheloy Garafil said the President approved the proposed budget during the Cabinet meeting in Malacañang on Tuesday.

Marcos said next year's budget would prioritize food security, social protection, health care, housing, disaster resilience, infrastructure, digital connectivity and energization.

The agencies that will get the lion's share of government appropriations include the Departments of Education, Public Works, Health, the Interior and Local Government, and Defense. The government's priorities also include the Social Welfare, Agriculture, Agrarian Reform, Transportation, Judiciary and Justice Departments.

Pillar 1 of the PDP 2023-2028 involves the development and protection of the capabilities of individuals and families. It also covers the promotion of human and social development, reducing vulnerabilities and protecting people's purchasing power.

Under Pillar 2, the government aims to transform the production of the nation's sectors to generate more quality jobs and competitive products. This includes modernizing agriculture and agri-business, revitalizing the industry, and reinvigorating services.

Pillar 3, on the other hand, focuses on creating an enabling bureaucratic environment. It involves practicing good governance and improving bureaucratic efficiency, ensuring macroeconomic stability and expanding inclusive and innovative finance, ensuring peace and security, and enhancing the administration of justice.

Expanding and upgrading infrastructure, accelerating climate action and strengthening disaster resilience also fall under Pillar 3. Additionally, the proposed budget for the upcoming year is 10.1 percent higher than this year's budget of P5.768 trillion.

2024-07-02T16:11:56Z dg43tfdfdgfd