PBBM, nilinaw na hindi babalik sa Bicam ang 2025 National Budget

Name: PBBM, nilinaw na hindi babalik sa Bicam ang 2025 National Budget
Uploaded: 2024-12-23T01:02:01+00:00
Duration: 2 min 41 s
Channel: PTVPhilippines

PTVPhilippines

2 days ago

PBBM, nilinaw na hindi babalik sa Bicam ang 2025 National Budget

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00:00President Ferdinand R. Marcos Jr. clarified that the 2025 proposed budget will not be returned to the BICAM in the face of what they are doing here today.

00:09Alvin Baltazar, Radyo Pilipinas, for Balitang Pampansang.

00:13President Ferdinand R. Marcos Jr. has given the order that the proposed budget will not be returned to the BICAM in the next year, which is currently being discussed.

00:25According to President Marcos, there is no procedure that requires it to be returned to the BICAM, especially after it has gone through two trials.

00:32The Chief Executive explained that the ball is now in their hands to look at the details of the line items included in the proposed budget and from there to determine what should be reduced and to maintain the projects that should be funded.

00:47What will happen is, according to the President, after they reach the 2025 budget, he will use his veto power for the realignment of the funds.

00:58There is no procedure to return it to the BICAM. It's finished already in the House. It's finished already in Congress. It's done.

01:11And even though there is no timeline, President Marcos insisted that before the end of the year, he will pass the Pampansang budget, but he will not be able to do it before the 25th or on the day of Christmas.

01:24Here, last Friday, the target was to pass the General Appropriations Act, but they need to discuss in particular the projects included in the insertion that, according to the President, are not included in the original budget request.

01:38The Chief Executive will also give a warning that the allocation of the funds, especially the Pampansang budget, is a loan, so the money used in 2025 should be used correctly.

01:53It's not as if we don't have a huge budget savings. No, it's not. It's not enough. We need to be careful because the expenses are not a lot, but it's a loan.

02:16The Pampansang budget will reach P6.352 trillion for the fiscal year 2025, which is equivalent to 22% of the GDP and 10.1% higher than the budget for 2024 of P5.768 trillion.

02:36For Balitang Pambansa, Alvin Baltazar of Radyo Pilipinas.

PBBM, nilinaw na hindi babalik sa Bicam ang 2025 National Budget

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