Bill extending availability of 2020 budget to Dec 2021 okayed by House on 2nd reading | Inquirer News
Close  

Bill extending availability of 2020 budget to Dec 2021 okayed by House on 2nd reading

/ 09:49 PM December 09, 2020

MANILA, Philippines — The House of Representatives on Wednesday approved on second reading a proposed measure that would extend the availability of the 2020 national budget until December next year.

Through voice voting, the lower chamber approved House Bill No. 6656, which amends Republic Act No. 11465 or the General Appropriations Act of Fiscal Year 2020.

ADVERTISEMENT

Under the measure, appropriations from the 2020 national budget shall be available for release and disbursement until December 31, 2021. The 2020 budget was supposed to expire by the end of this year.

On Wednesday morning, Senate finance committee chair Sonny Angara and House appropriations chair Eric Yap both expressed intentions to extend the effectivity of the 2020 national budget to help cushion the impact of the coronavirus pandemic and the recent typhoons that ravaged the country.

FEATURED STORIES

This comes after the bicameral conference committee adopted and approved the final version of the proposed national budget for 2021, which is seen to steer the country’s pandemic and calamity response and recovery efforts.

“What we are going to work on once we approve the budget is the extension of Bayanihan 2 and the 2020 [General Appropriations Act] because under the 2020 GAA, a lot of the projects were delayed because of the lockdown, the quarantine,” Angara told reporters.

“There’s additional time needed… The last day of the year, December 31, mare-revert ‘yun sa Treasury kung hindi namin i-extend ‘yung effectivity of the 2020 budget,” the senator added.

(There’s additional time needed… The budget expires on the last day of the year, December 31, so if we do not extend the effectivity of the 2020 budget, it will be reverted to the Treasury.)

KGA

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: 2020 budget, 2021 budget, House Bill No. 6656, Republic Act No. 11465
For feedback, complaints, or inquiries, contact us.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.