Budget Secretary Amenah Pangandaman said Friday that President Ferdinand 'Bongbong' Marcos Jr. already approved the proposed P5.768 trillion national budget during a Cabinet meeting on Thursday.
Budget Secretary Amenah Pangandaman said Friday that President Ferdinand "Bongbong" Marcos Jr. already approved the proposed P5.768 trillion national budget during a Cabinet meeting on Thursday. Pangandaman said the proposed budget focuses on prioritizing expenditures for the country's economic growth and addressing the effects of inflation.
"It shall continue to reflect our commitment to pursue economic and social transformation to address the scarring effects of the pandemic, as well as the impact of inflation, by prioritizing shovel-ready investments in infrastructure projects, investments in human capital development, and sustainable agriculture and food security, among others,” she added.
Pangandaman said since the proposed budget was approved by the President during the meeting, "it already becomes the President's Budget."
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