Gov’t to submit P 5-trillion 2022 budget today | Inquirer News
Close  

Gov’t to submit P 5-trillion 2022 budget today

By: - Reporter / @NCorralesINQ
/ 04:47 AM August 23, 2021
The House of Representatives is eyeing to confer the Medal of Distinction to the three Filipino boxers who bagged Olympic medals.

Plenary Hall of the House of Representatives. INQUIRER FILE PHOTO / GRIG C. MONTEGRANDE

MANILA, Philippines — The Department of Budget and Management (DBM) is expected to submit to Congress today its detailed proposal on the P5.024 trillion national budget for 2022 after the legislature’s two-week suspension due to the enhanced community quarantine (ECQ) in Metro Manila.

“We will tackle as many bills and resolutions as possible to make up for the time lost during the ECQ,” Speaker Lord Allan Velasco said in a statement on Sunday.

ADVERTISEMENT

He earlier said House sessions would be similar to previous sessions where some lawmakers were physically present during the proceedings while others participated through video conference.

Sessions will be from 2 p.m. to 5 p.m., with only the speaker, majority leader, minority leader, some representatives and a limited number of secretariat personnel be allowed inside the plenary hall.

FEATURED STORIES

The House is eyeing to pass next year’s budget before the filing of certificates of candidacies this October.

Social services get bulk

Once the House receives the 2022 National Expenditure Program (NEP), Velasco said House appropriations chair Rep. Eric Yap would begin the budget deliberations as soon as possible.

“We are ready to carry out our constitutional duty of carefully scrutinizing the NEP and eventually pass a national budget that is truly reflective and responsive to the needs of Filipinos as COVID-19 continues to wreak havoc on people’s lives and the economy,” Velasco said.

Under the new spending bill, presidential spokesperson Harry Roque said the social services sector, which includes COVID-19 vaccine procurement and universal health care, would receive the highest allocation at P1.92 trillion.

The economic service sector that involves key infrastructure projects will be allocated P1.47 trillion, Roque said.

It will be the last budget for President Rodrigo Duterte, who will end his single six-year term in June but will be fraught with challenges.

5 quarters of recession

The Philippines, which was among the fastest-growing economies in Asia before the pandemic, exited recession in the second quarter here after five consecutive quarters of contraction.

ADVERTISEMENT

A renewed surge in COVID-19 cases, driven by the virulent Delta variant, has brought total infections to 1.75 million and deaths to 30,366, government data show.

Roque said the general public services sector would get P862.7 billion, the defense sector would get P224.4 billion, and the debt burden would get P541.3 billion.

Under the NEP proposal, the education sector (Department of Education, State Universities and Colleges, Commission on Higher Education) was allocated P773.6 billion.

The Department of Public Works and Highways will get P686.1 billion, Department of the Interior and Local Government P250.4 billion, Department of Health P242 billion, Department of National Defense P222 billion, Department of Social Welfare and Development P191.4 billion, Department of Transportation P151.3 billion, Department of Agriculture and National Irrigation Administration P103.5 billion and Department of Labor and Employment P44.9 billion.

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: 2022 national budget, DBM, Rodrigo Duterte
For feedback, complaints, or inquiries, contact us.

News that matters

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.