Marcos set to sign P5.76-Tr natl budget

(UPDATE) PRESIDENT Ferdinand Marcos Jr. on Wednesday signed the General Appropriations Act of 2024 in Malacañang.

Amongst those who experienced the ritualistic finalizing of the P5.768-trillion nationwide spending plan were Senate President Juan Miguel Zubiri, House Speaker Ferdinand Martin Romualdez, Budget and Management Secretary Amenah Pangandaman, Presidential Communications Office Secretary Cheloy Garafil, other Cabinet and high-ranking federal government authorities, and members of the diplomatic corps.

SIGNED President Ferdinand Marcos Jr. indications into law the nationwide budget plan for 2024. CONTRIBUTED PHOTO

“It information our fight strategy of battling hardship, in producing food and ending cravings, in dealing with the ill and keeping our individuals healthy, in developing tasks and moneying income. It is incorrect to state that the budget plan simply spends for the overhead of the administration. It is moreover. It moneys the removal of issues we as a country need to get rid of,” Marcos stated.

“In the end, every line in this spending plan when equated to jobs from roadways to schools to health centers, will change our nation and lives of our individuals for the much better. In this spending plan we have actually included what we think about to be the methods that will improve both the physical and human capital of the country waiting to be tapped with resources waiting to be utilized,” he included.

Part of next year’s budget plan, which is 9.5 percent greater than this year’s P5.268 trillion, would go to the federal government’s efforts to reinforce the nation’s defense abilities versus China’s ongoing aggressiveness in the West Philippine Sea, with P11.28 billion designated for the Department of National Defense, Armed Forces of the Philippines and Philippine Coast Guard.

It likewise consists of P500 billion meant to enhance the lifestyle of around 48 million bad Filipinos.