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Higit P6.3-T proposed 2025 national budget, pasado na sa Kamara
PTVPhilippines
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9/26/2024
Higit P6.3-T proposed 2025 national budget, pasado na sa Kamara
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00:00
The third and final reading of the Camera is now complete for the National Foundation for the next year.
00:08
I would like to thank House Speaker Martin Romualdez for his hard work in this difficult time.
00:16
My report is by Mela Las Moras.
00:21
Session is adjourned until November 4, 2024, Monday at 3 o'clock in the afternoon.
00:28
The session was formally adjourned last night.
00:33
But before that, House Bill No. 10800 or the estimated P6.352 trillion was passed in the third and final reading
00:44
of the National Foundation for the next year.
00:47
With the approval of the General Appropriations Bill of the Camera,
00:51
the P733 million budget for the Office of the Vice President,
00:56
285 congressmen voted in favor of the approval of the 2025 GAAB while three abstained.
01:06
In his response, House Speaker Martin Romualdez thanked congressmen and low-income families for their efforts.
01:15
We adjourn the session in high spirits.
01:18
We have demonstrated once again our legislative efficiency with a succession of significant laws.
01:27
The House of the People, composed of dedicated public servants,
01:32
has demonstrated their tireless efforts to strengthen the Philippine economy,
01:38
broaden the range of public service, and reinforce the nation's trust in our governance.
01:46
We have once again proven that this is a large-scale institution of action and change.
01:55
Like the previous budgets, a small committee was formed to accept and amend individual amendments.
02:02
Among its important members are the Appropriations Chair Elizaldico,
02:07
Senior Vice Chair Stella Quimbo, Majority Leader Manix Dalipe, and Minority Leader Marcelino Ribanan.
02:14
In the middle of the approval of the budget proposal,
02:16
Speaker Romualdez met with the new member of the House,
02:21
ACT-Bayan Partylist Representative Percival Sendana.
02:24
Despite the recession of the Congress,
02:27
Speaker Romualdez insisted that they will continue to listen and monitor the important issues now,
02:33
especially when it comes to our economy.
02:36
We are on our way as one of Asia's best performing major emerging economies.
02:43
Among East Asia's economies that have disclosed their second quarter 2024 GDP,
02:49
we rank just below Vietnam at 6.9% while leading Malaysia at 5.8%,
02:55
Indonesia at 5.1%, and China at 4.7%.
03:00
ACT-Bayan Partylists will monitor not only the passing of the budget proposal
03:06
but also its implementation.
03:09
Melalas Moras for Pongbansang TV in Bagong, Philippines.
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3:12
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