Friday, September 21, 2018
  • share this

President Aquino to submit P1.8-T budget to Congress

/ 08:41 AM July 26, 2011

President Benigno Aquino III will submit the proposed P1.816-trillion national budget for next year to Congress today (Tuesday), a day after delivering his second State of the Nation Address (Sona).

A statement by the Department of Budget and Management on Monday said it was the first time after more than a decade that a budget proposal was submitted to Congress a day after a Sona was delivered.


Former President Joseph Estrada submitted his budget proposal a day after he delivered his second Sona on July 26, 1999.

In a statement, Budget Secretary Florencio Abad said that because of their early submission, there was a “great chance” the 2012 budget would be approved before Christmas. House leaders have agreed to start their budget deliberations on Aug. 1.


Abad said it was important to have the budget passed on time given the delays in the implementation of vital projects due to the late passage of the appropriations act.

The proposed national budget for 2012 is higher by P171 billion, or 10.4 percent, over the current year’s P1.645-trillion budget, and represents 16.5 percent of the projected gross domestic product (GDP). It is based on a conservative growth assumption of 5.5 percent, even as the administration continues to vie for 7-8 percent growth.

Abad said the proposed budget is a “results-focused budget” which aims to fulfill President Aquino’s “social contract” with the people.

He said the proposed budget focuses on the following priorities: Anticorruption and good governance, poverty reduction and empowerment of the poor, inclusive economic growth, just and lasting peace and the rule of law, and integrity of the environment.

“We have scaled up funding for programs and projects that would lead to direct, immediate and substantial benefits to the poor. At the same time, we scaled down funding for activities which have been ineffective and prone to corruption,” Abad said. Christine O. Avendaño and Michelle V. Remo

Read Next
Don't miss out on the latest news and information.
View comments

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: Congress, P1.816-trillion national budget, President Benigno Aquino III, SONA 2011
For feedback, complaints, or inquiries, contact us.

LOOK: Cops on standby for Luneta program

September 21, 2018 04:23 PM


‘Assassination Nation’ wants to get under your skin

September 21, 2018 04:21 PM


Unreleased Chris Cornell songs to be revealed in November

September 21, 2018 04:09 PM

© Copyright 1997-2018 | 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.