Duterte OKs P4.5 trillion 2021 national budget

MANILA, Philippines — President Rodrigo Duterte has approved the proposed P4.506 trillion national budget for 2021, the Department of Budget and Management (DBM) said Sunday. In a statement, the DBM said that Duterte approved the budget during a special meeting with the Development Budget Coordination Committee last July 30. The proposed budget, according to the DBM, […] The post Duterte OKs P4.5 trillion 2021 national budget appeared first on Cebu Daily News......»»

Category: newsSource: inquirer inquirerAug 2nd, 2020

Duterte set to veto items in ’21 budget

President Duterte will be vetoing some portions of the P4.5-trillion national budget for 2021, which he will be signing on Monday......»»

Category: newsSource:  philstarRelated NewsDec 26th, 2020

Congress submits P4.5-trillion national budget to Palace

House Speaker Lord Allan Velasco said Friday the P4.506-trillion national budget for 2021 was now ready for the signature of President Rodrigo Duterte......»»

Category: newsSource:  thestandardRelated NewsDec 18th, 2020

Duterte may sign 2021 budget before Christmas

Senators and congressmen comprising the bicameral conference committee may be able to settle their conflicting positions in the proposed P4.5-trillion national budget soon enough to allow President Duterte to sign it in time for Christmas......»»

Category: newsSource:  philstarRelated NewsDec 2nd, 2020

Excesses, inequalities in nat’l budget bill

    THE Senate has been going through the proposed P4.5-trillion General Appropriation Bill for 2021 approved last month by the House of Representatives. The Senate will approve its own National Appropriation Bill which will then be consolidated by a Bicameral Conference Committee into the final Congress-approved bill for signing by President Duterte in December. […].....»»

Category: newsSource:  tempoRelated NewsNov 23rd, 2020

Duterte may sign 2021 budget before Christmas – Sotto

Barring “unforeseen circumstances,” President Duterte may be able to sign into law the proposed P4.5-trillion national budget for 2021 before Christmas, Senate President Vicente Sotto III said yesterday......»»

Category: newsSource:  philstarRelated NewsOct 28th, 2020

Roque to Congress: Consult Palace on increasing budget for vaccines

Any congressional move to raise the proposed 2021 budget for the coronavirus vaccine should at least be done in consultation with the Executive branch, according to a Palace official.  Presidential Spokesperson Harry Roque (RESIDENTIAL PHOTO / MANILA BULLETIN) Presidential spokesman Harry Roque said while they respect Congress’ wisdom to hike the vaccine budget for the next year, the issue on its funding source must also be addressed. “The power of purse is vested in Congress. We will bow to the wisdom of Congress should they deem it fit to increase the budget for the vaccine, and of course, may pagkukuhanan po iyan (there will be a funding source for that),” he said during a Palace press briefing Thursday. “So we hope that Congress will at least confer with the Executive kung saan nila kukunin iyong pondo para itaas ang budget for the vaccine (on where the funds will be obtained to raise the budget for the vaccine),” he added. Nonetheless, Roque affirmed the administration’s resolve to ensure the country has adequate funds for the vaccine procurement once the life-saving drug becomes available.“We join Congress in our desire that we should have sufficient funds to pay for the vaccine, which according po to (Philippine) Ambassador (to China) Chito (Sta. Romana) is really forthcoming in the near future,” he said.The House of Representatives has reportedly introduced several amendments to its approved 2021 national budget, including a higher budget for the purchase of COVID vaccines to P8 billion.  In the original Palace-backed P4.5 trillion national budget proposal, at least P2.5 billion has been allocated for the COVID-19 vaccination program under the Department of Health’s budget. House Majority Leader Martin Romualdez, who leads a small group in charge of amendments to the budget bill, said the additional P5.5 billion to augment the vaccine budget aims to ensure safe and effective vaccine will be available to Filipinos. “This is to support President Rodrigo Duterte’s program to strengthen the country’s health care system. We believe that vaccines play a very crucial role in keeping the population safe and healthy from the pandemic,” the Leyte lawmaker said.  On the part of the Senate, Senator Panfilo Lacson disclosed plans to increase funding for the coronavirus vaccine under the proposed 2021 national budget. Last week, the President said the government has the funds to buy the coronavirus vaccine once it is available but would need more money to vaccinate all Filipinos. Duterte earlier vowed to give priority to the poor, the police and military personnel in the distribution of free vaccines.  He said the country will buy the most affordable vaccine to be sold in the market given the government’s limited resources. .....»»

Category: newsSource: NewsOct 22nd, 2020

New-look House leadership off to a good start, say solons

House members can’t help but notice a sense of synergy between Speaker Lord Allan Velasco and Majority Leader Martin Romualdez in just their first few days of working together. Case in point, according to Cavite Rep. Elpidio Barzaga Jr., San Jose del Monte City Rep. Florida Robes, and Ang Probinsyano Party-list Rep. Alfred delos Santos, were the two important bills that the House leadership was able to deliver without a hitch during the conduct of special sessions this past week. The Majority Bloc solons were referring to the passage on third and final reading of measures House Bill (HB) No.7727, or the P4.506-trillion General Appropriations Bill (GAB) of 2021; and HB No.7884, or the proposed Act authorizing the President to expedite the processing and issuance of national and local permits, licenses and certifications. “The performance of the new leadership during special session was very commendable. This is a very encouraging sign in our mission to approve the legislative agenda of President Duterte,” Barzaga said. “The Velasco-Romualdez leadership (is) off to a good start,” added the veteran congressman and former Dasmariñas mayor. For her part, Robes said she is “extremely delighted that the leadership impasse in the House of Representatives had been resolved peacefully and amicably by our two honorable leaders, Lord Alan Velasco and former Speaker Alan Peter Cayetano.” “I look forward to a renewed, more united and inclusive leadership at the House of Representatives led by Speaker Velasco with Majority Leader Ferdinand Martin Romualdez. I believe that Speaker Velasco and Majority Leader Romualdez are both righteous and committed to steer the House of Representatives to new heights to become a more effective and responsive institution to serve the Filipino people especially in these trying times,” she stressed. On the other hand, Delos Santos believes that the new-look leadership of the Lower Chamber will continue to work beyond 2020 even as he praised his colleagues for passing next year’s budget bill. “We are very happy that it (GAB) already finished the third reading. Our goal is always to fast-track the process to help out fellow Filipinos. These are not normal times, and gusto po nating matugunan agad yung mga pangangailangan ng mga kababayan natin (we want to quickly address the needs of our people),” Delos Santos said. “We want to assure government agencies (will have enough) resources for them to be able to function in the new normal,” he added. The passage of HB No.7884 or the Anti-Red Tape Bill followed soon after the chamber gave its final nod to the 2021 GAB. Both had been certified as urgent by President Duterte......»»

Category: newsSource: NewsOct 18th, 2020

Extended session proposed

Albay Rep. Edcel Lagman on Sunday appealed to President Rodrigo Duterte to extend the special session of Congress for another four days from Oct. 19 to 22 to give lawmakers enough time to scrutinize and approve the proposed P4.5-trillion national budget for 2021......»»

Category: newsSource:  thestandardRelated NewsOct 11th, 2020

Palace eyes signed budget bill by yearend

Malacañang hopes the proposed P4.506-trillion 2021 national budget bill will be signed  before the year ends, after President Rodrigo Duterte certified the measure as urgent......»»

Category: newsSource:  thestandardRelated NewsOct 11th, 2020

Rody calls Congress to special session

President Rodrigo Duterte called on the House of Representatives on Friday to special session next week to resume the congressional deliberations on the proposed P4.5-trillion national budget for 2021 which he also certified as urgent. Duterte’s spokesperson Harry Roque said the Chief Executive urged lawmakers to tackle on 13 to 16 October the government’s spending […] The post Rody calls Congress to special session appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 9th, 2020

MONEY HEIST: Smoke & mirrors in the 2021 proposed national budget

BY MARJOHARA TUCAY ( THE NATIONAL BUDGET reflects an administration’s priorities. Pres. Rodrigo Duterte stated in his 2021 budget message: “The national budget of P4.506 trillion that we are proposing for fiscal year 2021 is focused on our greatest priority of the moment – to sustain and strengthen government efforts in effectively responding to and… The post MONEY HEIST: Smoke & mirrors in the 2021 proposed national budget appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsSep 18th, 2020

Rody& rsquo;s intel budget & lsquo;too much& rsquo;

President Rodrigo Duterte’s confidential intelligence funds for year 2021, from the proposed P4.5-trillion national budget, face questioning by a member of the Senate, who wanted to know how the money would be spent......»»

Category: newsSource:  thestandardRelated NewsSep 13th, 2020

DOF seeks swift passage of 2021 budget, economic measures

The Department of Finance (DOF) has sought the swift enactment by Congress of the proposed national budget for next year along with the economic priority measures to rebuild the economy and decisively defeat coronavirus. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) During a briefing for the Senate finance committee, Finance Secretary Carlos G. Dominguez III said the timely enactment of the P4.506 trillion 2021 national budget is a key component of the government’s comprehensive program under its economic bounce-back plan. On top of the budget, Dominguez also said that a “timely and decisive” passage of several economic priority measures are needed to accelerate economic recovery. The priority measures, now pending in Congress, include the Financial Institutions’ Strategic Transfer (FIST) Act, and the Government Financial Institutions’  Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) bill. FIST allows banks to dispose of bad loans and non-performing assets through asset management companies, while GUIDE seeks to allow state-run banks to form a special holding company that will infuse equity, with strict conditions, into strategically important companies facing insolvency.  Likewise, the finance chief urged the Senate to pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which will  immediately lower the corporate income tax (CIT) rate from 30 percent to 25 percent. “The swift enactment of CREATE, FIST, GUIDE and the 2021 budget will serve to accelerate our economic recovery. We should not delay providing urgent and necessary relief to our people,” Dominguez said during the Development Budget Coordination Committee (DBCC) briefing. The DBCC is composed of the heads of the Department of Budget and Management (DBM), DOF, National Economic and Development Authority (NEDA), Bangko Sentral ng Pilipinas (BSP); and a senior representative from the Office of the President (OP). “We are committed to working closely with you on the recovery measures so that these can be enacted in a timely, decisive, and responsible manner,” Dominguez told members of the panel chaired by Senator Juan Edgardo Angara. He said the Duterte administration will continue to work with the legislature in passing the remaining packages of the comprehensive tax reform program (CTRP) that will, among others, institute reforms in property valuation and in the taxation of the financial sector. Dominguez said economic recovery also rests on sustaining President Duterte’s signature program “Build, Build, Build,” as sound infrastructure investments provide the largest multiplier effect on the economy in the form of more jobs creation,  increased consumption, and the generation of additional productive activities......»»

Category: newsSource: NewsSep 9th, 2020

Duterte: 2021 budget crucial to recovery

President Duterte vowed to get the country back on its feet as he appealed to Congress to approve next year’s proposed P4.506-trillion budget, which is higher by 9.9 percent than the 2020 national budget and is equivalent to 21.8 percent of the country’s Gross Domestic Product......»»

Category: newsSource:  philstarRelated NewsAug 29th, 2020

Health, Education get budget& rsquo;s lion& rsquo;s share

President Rodrigo Duterte gave priority to education and health under the P4.506 trillion national budget for 2021 recently submitted to Congress......»»

Category: newsSource:  thestandardRelated NewsAug 29th, 2020

Xinhua world economic news summary at 0900 GMT, Aug. 2

MANILA -- Philippine President Rodrigo Duterte has approved the proposed 4.506-trillion-peso (91.65-billion-U.S. dollar) national budget for 2021, the Department of Budget and Management (DBM) said.....»»

Category: newsSource:  philippinetimesRelated NewsAug 3rd, 2020

Duterte OKs P4.5 trillion 2021 national budget

MANILA, Philippines — President Rodrigo Duterte has approved the proposed P4.506 trillion national budget for 2021, the Department of Budget and Management (DBM) said Sunday. In a statement, the DBM said that Duterte approved the budget during a special meeting with the Development Budget Coordination Committee last July 30. The proposed budget, according to the DBM, […] The post Duterte OKs P4.5 trillion 2021 national budget appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 2nd, 2020

Duterte signs laws extending validity of Bayanihan 2, 2020 budget

President Rodrigo Duterte has signed laws extending the availability of the Bayanihan to Recover as One Act funds and the P4.1-trillion 2020 national budget in a move that will allow the government to continue its pandemic response and economic recovery programs......»»

Category: newsSource:  philstarRelated NewsJan 6th, 2021

Duterte veto on intel fund disclosure questioned

Militant lawmakers yesterday questioned the veto by President Duterte of a provision in the 2021 national budget law that requires him to report to Congress the government’s use of intelligence funds......»»

Category: newsSource:  philstarRelated NewsDec 31st, 2020

Duterte refuses to submit reports on use of intel funds to Congress

President Rodrigo Duterte has vetoed about a dozen provisions of the 2021 national budget, including one that requires the executive branch to submit quarterly reports on the use of intelligence funds to Congress......»»

Category: newsSource:  philstarRelated NewsDec 29th, 2020