Deadline all the time

breaking news stories, photos, and video

Palace: Arroyo signing budget in 10 days

leave a comment »

By Joel Guinto
INQUIRER.net
First Posted 16:10:00 03/04/2009

MANILA, Philippines — President Gloria Macapagal-Arroyo will sign the P1.45-trillion 2009 budget in 10 days, or around the second week of March, when it reaches her desk following a review by the Department of Budget and Management (DBM), Malacañang said Wednesday.

“I had information from the Secretary of Budget that it’s very highly probable that towards the second week of March, the budget will be submitted to the President for approval, anywhere between 14 to 15 March,” Executive Secretary Eduardo Ermita said.

Ermita could not immediately confirm whether or not Arroyo would veto portions of the budget.

Lawmakers had realigned P50 billion from debt servicing to the economic stimulus package.

“Annually, the budget goes through the process of review through the DBM. Yearly, there are certain provisions that are vetoed,” he said.

Ermita said the increase in the allocations for certain agencies in the budget reflects the government’s focus on social welfare and infrastructure development.

He said the budget of the Department of Social Welfare and Development (DSWD) was increased by 118 percent to P10.76 billion from P4.96 billion in 2008.

The four other agencies with the biggest increase in allocations compared to 2008 are: Department of Agriculture, P42.6B (67.5-percent); Department of Environment and Natural Resources, P12.8 billion (51.2 percent), Department of Health P79.5 billion (40.4 percent), and the Department of Public Works and Highways, P137 billion (34.3 percent).

View article as posted on INQUIRER.net

Written by joelguinto

WedUTC2009-03-04T10:01:33+00:00UTC03bUTCWed, 04 Mar 2009 10:01:33 +0000 22, 2006 at 12:45 am03

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: