MANILA, Philippines – The Department of Budget and Management (DBM) on Wednesday said it is now preparing the details of the proposed national budget for the year 2021.
During the Laging Handa public briefing, Budget Secretary Wendel Avisado said they are currently conducting a technical review on proposed budgets submitted by government agencies.
“Ang atin pong proposed budget for next year ay nasa P4.3 trillion. At tumaas ito ng bahagya dahil this year nasa 4.1 trillion pesos tayo. Umakyat ng kaunti lang,” Avisado said.
The Budget chief said the 2021 proposed budget will concentrate on the government’s efforts to battle the novel coronavirus disease (COVID-19) as well as programs to assist sectors that were gravely hit by the economic fallout brought about by the pandemic.
Avisado revealed that the government has already spent some P355.67 billion for its COVID-19 response; around P247.21-billion of which was sourced from “pooled savings.”
The government is expecting to spend more money amid the pandemic.
Avisado said they are eyeing to conduct an executive budget review in July before submitting the proposal to the Office of the President on the day of President Rodrigo Duterte’s State of the Nation Address (SONA), which is scheduled every fourth Monday of July.
The proposed budget may be submitted to Congress by the second week of August. – RRD (with details from Correspondent Rosalie Coz)
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