2023 Nat'l budget, nilagdaan na ni Pres. Marcos Jr.
2023 Nat'l budget, nilagdaan na ni Pres. Marcos Jr.;
PBBM, sinabing gagamitin ang pondo sa paglaban sa kahirapan, kagutuman at pagtutok sa edukasyon
PBBM, sinabing gagamitin ang pondo sa paglaban sa kahirapan, kagutuman at pagtutok sa edukasyon
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NewsTranscript
00:00 President Ferdinand R. Marcos Jr. passed the General Appropriations Act of 2024.
00:06 According to the President, food security, education, health, social protection, climate change, and more are important priorities of the budget.
00:16 Alan Francisco has a report.
00:18 Today, we signed the national budget, the instrument which tells how the taxes paid by the people will be returned to them.
00:29 In effect, we are signing the renewal of our annual social contract with taxpayers, that what they have paid faithfully will be rebated to them in full.
00:41 President Ferdinand R. Marcos Jr. has signed the national budget for the next year, or the General Appropriations Act of 2024.
00:49 In a ceremony in Malacanang, President Marcos passed the more than 5.7 trillion pesos national budget.
00:56 President Marcos said that this budget will be used to fight poverty and hunger and to focus on the education of Filipinos.
01:05 Also, the allocation of food and houses.
01:08 The national budget will also be used to help those who are sick and to allocate jobs or livelihoods.
01:14 It will also help in maintaining the country's order.
01:18 It is wrong to say that the budget merely pays for the overhead of the bureaucracy.
01:24 It is more than that.
01:25 It funds the elimination of problems that we as a nation must overcome.
01:30 It is incorrect to say that the budget merely finances the operations of government because its fine print bankrupts the realization of our dreams writ large.
01:42 In the end, every line in this budget when translated to projects from roads to schools to hospitals will transform our country for the better and the lives of our people for the better.
01:58 The President does not want to owe the next generation, so he said,
02:03 "Good fiscal stewardship imposes upon us the discipline not to be led into the temptation of bloating what we owe.
02:12 Good government dictates upon us the duty to spend the appropriations we have cobbled together for the correct purposes, the right way, on time and on budget."
02:24 Along with the signing of the budget, the President reminded his officials to be responsible.
02:30 I say this to remind those who will execute this budget that red tape that leads to underspending and overspending that disregards legal guardrails are two sides of the same coin.
02:42 Implementation delay and illegal deviations inflict the same havoc of denying the people of the progress and development that they deserve.
02:51 The proper administration of the budget is a symbol of recognizing the contribution of the taxpayers to advance the new Philippines.
03:00 So with this reminder comes the most important budget commandment that we must all withheld.
03:08 We are working for the people, not for ourselves.
03:12 We are working for the country, not for ourselves.
03:18 At the same time, the President called for unity for a more prosperous country.
03:23 Meanwhile, in the question if there is a veto on the budget for 2024, Budget Secretary Amena Pangandaman answered...
03:30 There is no direct veto. Most of it are conditional and general observations.
03:36 The general observations are that there are only a few comments on how to implement the budget.
03:42 The conditional implementation is usually there are special provisions and general provisions written there that subject to implementing rules and regulations or guidelines to be issued by respective departments.
03:56 We are just clearing that in the veto message.
04:00 Some of the special and general provisions are reiteration of existing laws.
04:07 Alan Francisco, for the country.