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Proposed 2025 national budget, niratipikahan ng Kongreso
PTVPhilippines
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12/12/2024
Proposed 2025 national budget, niratipikahan ng Kongreso;
2025 General Appropriations Bill, inaasahang lagdaan ni PBBM sa Dec. 20 ayon sa PCO
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Transcript
Display full video transcript
00:00
The government's most sought-after public service is expected next year.
00:05
This is because next week, President Ferdinand R. Marcos, Jr.
00:11
will be awarding the 2025 National Budget, which is estimated to be worth Php 6.3 trillion.
00:18
Mela Lesmora is in the center of the news.
00:22
President Ferdinand R. Marcos, Jr. has just signed the bill
00:26
that will allow the 2025 National Budget to be passed.
00:32
Last night, the two members of Congress
00:35
ratified the Bicameral Conference Committee Report on this matter.
00:39
In the last hearing of the BICAM,
00:41
the House and Senate agreed to maintain the P733 million fund
00:47
from the office of the Vice President
00:49
from the more than Php 2 billion allocated to the National Expenditure Program.
00:54
According to the Senate Committee on Finance Chairperson Grace Poe,
00:58
despite the budget cut, the OVP will still be able to fulfill their duties.
01:03
All of us have a wish list that we want to give.
01:09
But in the end, the majority will also be affected.
01:12
I would like to remind them that the OVP still has a social services allotment of Php 600 million.
01:27
They can still use it. They did not lose it.
01:31
As for the financial assistance initiative,
01:37
as a help to low-income and minimum wage earners,
01:40
the budget for this was also maintained.
01:42
But there are some changes.
01:45
The initial amount requested by the House is Php 39 billion, if I'm not mistaken.
01:51
We lowered it to Php 20 plus billion.
01:58
Before, this was just a House initiative.
02:01
But as a co-equal body,
02:05
and to have transparency,
02:08
the Senate also has a chance to help through the OVP.
02:15
It was also assured by the BICAM that there is a budget for the addition of daily subsistence allowance for soldiers.
02:21
In conclusion, the leadership of the two constituencies of the Congress assured...
02:25
We will ensure that this will be used properly and there is a direction for the benefit of the people.
02:33
It is not because the Congress is biased,
02:36
not because the Senate and Congress just follow the will of the President.
02:41
The logic behind this is simple.
02:44
Our fellow countrymen were given a big mandate by the President
02:48
to fulfill his promises, plans, and visions for our country.
02:53
In a statement, Budget Secretary Amina Pangandaman thanked
02:57
the vigorous action and passing of the House and Senate on the budget.
03:02
This is important for the continuation of the government's operations and programs.
03:07
According to the Presidential Communications Office,
03:09
the President may pass the 2025 General Appropriations Bill on December 20.
03:15
Mela Lesmoras for Pambansang TV in Bagong, Philippines.
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2:13
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