Marcos to review 2025 budget

The Manila Times

Marcos to review 2025 budget  President Ferdinand Marcos Jr. says his review of the approved budget for 2025 'will take as long as it takes' due to changes from the original requests of the different departments. He, however, vowed to enact next year’s spending bill  before Dec. 31. Marcos said, however, what's left was his veto power because it has been approved at the bicameral conference committee level.   Video by Kristina Maralit  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net    Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital  Sign up to our newsletters: https://tmt.ph/newsletters   Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Tune In: https://tmt.ph/tunein   #themanilatimes #tmtnews #philippines #marcos

Transcript

00:00We had to have a look because maraming nagpago from the budget requests from the different departments.

00:10And we have to get back in the same shape that we had first requested.

00:16So unfortunately, we are only left now, I am only left now with the veto power.

00:25Because tapos na sa Bicam. So na-approve na ng House, na-approve na ng Senado.

00:30Now it's up to us on how we regain control of the spending program.

00:38I cannot give you the details yet because we are now, that is what we are doing.

00:44We are going through item by item, line by line to see what is priority and what is not.

00:52And that's what we will come up with.

00:54We were originally scheduled to sign and to load the GAA tomorrow, 20th.

01:05Pero kung hindi kami matatapos pa at that time.

01:08So I cannot give you a date because it will take as long as it will take.

01:14But I want to be very, very sure that the budget for 2025 is directed at the important projects that we have prioritized, number one.

01:27And secondly, that there is a stronger safeguards on spending for the different projects.

01:37Kaya baka mag-assess na naman tayo ng mga project-project na pinasok na insertion sa insertion.

01:44Because yung insertion na ginawa ay hindi naman kasama yun sa budget request.

01:51So ano ngayon yung mga yan?

01:54Kung talaga bang kailangan, baka yung iba kailangan, hindi naman kailangan, kailangan tayo pwede iti-fill.

02:00Yung iba, baka masyado.

02:03We are starting to see some project proposals that do not have the appropriate program of work,

02:11hindi malang-appropriate documentation, hindi maliwala kung saan pupunta ang pera.

02:17Kaya yun ang niliwalagi natin.

02:21It's not as if we have, hindi naman tayo nagkaroon ng napakalaking budget savings.

02:32Hindi nga, pulag-pulag.

02:34Kailangan maingat na maingat tayo kasi yung nilagastos yan, di naman karamihan pero meron dyan, utang yan.

02:42Kailangan mapunta sa tama para mapayara natin yung buddha, may pawi naman tayo doon sa ginastos natin, doon sa inundan natin.

02:50That's what we are trying to clarify.

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