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House Approves PHP6.352-Trillion Budget For 2025

by DitoSaPilipinas.com on Sep 26, 2024 | 10:09 AM
Edited: Sep 26, 2024 | 11:09 PM

On Wednesday, September 26, the House of Representatives passed the proposed PHP6.352-trillion national budget for 2025 with overwhelming support, registering 285 votes in favor and just 3 against. This decisive approval of House Bill 10800, the 2025 General Appropriations Bill (GAB), highlights a strong consensus among lawmakers on fiscal priorities.

Swift Action Following Presidential Endorsement

The rapid passage was catalyzed by President Ferdinand R. Marcos Jr.’s urgent certification of the budget. In a letter to House Speaker Ferdinand Martin Romualdez and Senate President Francis Escudero, he urged lawmakers to expedite the process to ensure smooth government operations and effective allocation of resources for pressing initiatives. This quick response reflects a commitment to addressing emerging challenges while maintaining government stability.

A Legislative Commitment to Progress

House Speaker Ferdinand Martin Romualdez expressed pride in the diligence and efficiency demonstrated by his colleagues during the budget deliberations. He praised their thorough scrutiny and preparedness, which facilitated the swift advancement of the bill. Romualdez reaffirmed the government's commitment to an Agenda for Prosperity, aimed at improving the quality of life for all Filipinos and ensuring equitable access to national resources.

Significant Increase in Funding

The proposed budget represents 22 percent of the Philippines' Gross Domestic Product (GDP), reflecting a notable 10.1 percent increase from this year’s allocation of PHP5.768 trillion. This substantial boost indicates the government’s intention to enhance funding for vital programs and services. As the budget now moves to the Senate for further review, its potential impact on national development and socioeconomic stability remains a focal point for stakeholders and citizens alike. Strategic resource allocation is expected to be crucial in driving the country’s growth in the years ahead.


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