Speaker Martin Romualdez said President Ferdinand Marcos Jr. plans tosubmit to the House of Representatives his budget proposal immediately after his second State of the Nation Address today (Monday). READ MORE:
Congress aims to approve the P5.768-trillion national budget for 2024 before it goes on recess in October.
The proposed national expenditure is Equivalent to 21.8 percent of the gross domestic product and is 9.5 percent higher than this year’s P5.268 trillion budget. The budget, Romualdez said, “aims to sustain the country’s economic growth, create more income and job opportunities for the people and improve their quality of life through the timely delivery of basic social services like education, health care, and infrastructure.”
“The emancipation law lifted the debt burden of our farmers. In other words, our farmers are exempted from their unsettled amortizations in the acquisition of their lots. We think that is one of the cornerstones of our President’s legislative agenda,” he said.
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