Marcos justifies vetoed line items in 2025 budget | The wRap - video Dailymotion

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Here are today’s headlines – the latest news in the Philippines and around the world:   - Marcos justifies P194-billion veto in 2025 budget  - South Korea court issues arrest warrant for President Yoon  - Liam Payne’s manager, hotel staff failed ‘vulnerable’ singer before death, judge says   https://www.rappler.com/video/daily-wrap/december-31-2024/   Today's daily wRap has been brought to you by @LazadaPhilippines. For SuliTipid online shopping deals, visit www.lazada.com.ph

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00:00Today on Rappler

00:13President Marcos Jr. defends changes to the 2025 budget.

00:17A South Korean court approves a warrant of arrest for President Yoon Seok-yol.

00:22Manslaughter charges are filed against Liam Payne's manager and staff of a Buenos Aires

00:26hotel.

00:46President Ferdinand Marcos Jr. justifies modifications to the 2025 budget in line veto messages.

00:52After a week-long delay and a bout of public criticism, Marcos signs the P6.2 trillion

00:57peso 2025 national budget into law but vetoes P194 billion pesos in line items.

01:04He says, quote,

01:05"...our finite resources compel us to exercise sound judgment to ensure our fiscal sustainability."

01:11He vetoes P26 billion pesos from the Department of Public Works and Highways' budget.

01:16He says he took into account urgency of need, implementation readiness, and agency absorptive

01:22Marcos also vetoes some P168 billion pesos in unprogrammed appropriations.

01:28These are allotments for government priority programs that can only proceed if the government

01:32acquires extra revenue.

01:34Apart from the two, Marcos also enumerates a list of national programs in the 2025 budget

01:40that were to be conditionally implemented.

01:42The list includes the Department of Social Welfare and Development's Ayuda sa Kapos

01:46Angkita program, or AKAP, a social aid program for Filipinos earning less than the minimum

01:52wage.

01:54A South Korean court approves an arrest warrant for President Yun Suk-kyo on Tuesday, December

01:5931.

02:00The Corruption Investigation Office for High-Ranking Officials, or CIO, confirms that the Seoul

02:05Western District Court approved the warrant requested by investigators looking into Yun's

02:10brief martial law declaration.

02:13This marks the first arrest warrant ever issued for an incumbent South Korean president.

02:18The court issued the warrant based on concerns that Yun might evade questioning.

02:23There is also significant evidence suggesting he may have committed a crime.

02:27Yun fails to respond to summons for questioning since the December 3 martial law declaration.

02:32CIO says a search warrant for his residence was also approved.

02:37The arrest warrant is valid until January 6.

02:40Once executed, Yun is expected to be detained at the Seoul Detention Center.

02:46Charges of manslaughter are filed against Liam Payne's manager and employees of a Buenos

02:50Aires hotel he was staying at when he died.

02:53Payne's manager, the manager of the hotel, and its head of reception face up to five

02:58years in prison if convicted.

03:00Another hotel employee and a local waiter are accused of plying Payne with cocaine and

03:05face up to 15 years in prison.

03:07The Argentine judge, in her decision released on Friday, orders them jailed ahead of their

03:12trial.

03:13The former One Direction member fell to his death from a hotel balcony in Buenos Aires

03:17in October.

03:18Payne's autopsy showed, at the time of his death, he had large quantities of cocaine

03:23and alcohol in his system.

03:26Investigations point out Payne allegedly purchased cocaine at least four times from the hotel

03:30employee and waiter over a three-day period.

03:35And that's today's wrap.

03:36I'm Michelle Abad.

03:38Click the link below for the full story.

03:41Follow us on Rappler's YouTube, Facebook, X, Instagram, and TikTok.

Marcos justifies vetoed line items in 2025 budget | The wRap

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