Malacañang - National Budget sa 2025, pipirmahan ni PBBM sa December 30 | Balitanghali - video Dailymotion

GMA Integrated News

Balitanghali is the daily noontime newscast of GTV anchored by Raffy Tima and Connie Sison. It airs Mondays to Fridays at 11:00 AM (PHL Time). For more videos from Balitanghali, visit http://www.gmanews.tv/balitanghali.  #GMAIntegratedNews #GMANetwork #KapusoStream  Breaking news and stories from the Philippines and abroad: GMA Integrated News Portal: http://www.gmanews.tv Facebook: http://www.facebook.com/gmanews TikTok: https://www.tiktok.com/@gmanews Twitter: http://www.twitter.com/gmanews Instagram: http://www.instagram.com/gmanews  GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe

Transcript

00:00Malacanang said that on Monday, December 30, President Bongbong Marcos will sign the national budget for 2025

00:07because the version of the budget approved by the Congress is still being discussed.

00:12According to an expert, the country's economy will have a negative effect if the 2025 budget is not approved this year.

00:21Sandra Aguinaldo reported.

00:23To President Bongbong Marcos himself, the Executive is revising each item in the national budget

00:34to see what is the priority and not in the budget that was approved in the BICAM.

00:39The President helped again Finance Secretary Ralph Recto, Budget Secretary Amena Pangandaman,

00:45Public Works Secretary Manuel Bonoon, NEDA Secretary Arsenio Balisacan, and Executive Secretary Lucas Bersamid.

00:53This is in line with the approved budget as the biggest allocation to the Department of Public Works and Highways

01:01instead of the Education Sector that violated the Constitution.

01:06Even the cancellation of the budget of the Department of Education,

01:10the removal of the subsidy in the field health,

01:12the return of the controversial aid to the Kapos Angkita Program or ACAP,

01:17and the funding of the Congress.

01:19Some experts in governance and economy are worried that if it will not be resolved,

01:24the re-enacted budget in 2025 may be possible.

01:27This is the implementation of the budget used in the past fiscal year until the new budget is not passed.

01:34If the budget is re-enacted, the new projects that were not re-enacted will not be funded.

01:41Economist Emanuel Leyco said that this is not good for the economy.

01:46It is not right to say that the previous budget should be re-enacted because the economic environment will change.

01:55We need a budget that meets the expected changes in the economy, changes in our trade relations next year.

02:06In a survey of the GMA Integrated News Research in 2001, 2004, and 2006,

02:13the government operated in the re-enacted budget for a whole year.

02:16There was a partial re-enacted budget in 2003, 2005, 2008, 2009, and 2019.

02:25But Malacanang is confident that the 2025 national budget will be signed before the end of the year.

02:32Our target is that the President will issue a statement before the end of the year

02:39and the concerned Cabinet members will have a full briefing on the budget that will be added by the President.

02:45According to Press Secretary Cesar Chavez, the re-enacted budget was not discussed in the President's meetings.

02:53The re-enacted budget was not discussed in the President's series of meetings

02:59because the President is confident that there will be a budget that will be added before the end of the year.

03:05Whatever the budget of 2025, it should be in line with the eight-point socioeconomic agenda of the President.

03:15The Palace has not given any other details about the items in the budget that the President could veto.

03:23Sandra Aguinaldo, reporting for GMA Integrated News.

03:29.

Malacañang - National Budget sa 2025, pipirmahan ni PBBM sa December 30 | Balitanghali

Category

Transcript

Recommended