Marcos, economic managers review 2025 national budget | ABS-CBN
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Marcos, economic managers review 2025 national budget
Marcos, economic managers review 2025 national budget
President Ferdinand Marcos Jr. and his economic managers review the 2025 national budget. Photo from MPCMANILA — President Ferdinand Marcos Jr. on Monday met with the country’s economic managers to continue the Executive Department’s review of the controversial 2025 national budget.
President Ferdinand Marcos Jr. and his economic managers review the 2025 national budget. Photo from MPCMANILA — President Ferdinand Marcos Jr. on Monday met with the country’s economic managers to continue the Executive Department’s review of the controversial 2025 national budget.Marcos was seen discussing the spending plan with Finance Secretary Ralph Recto, Budget Secretary Amenah Pangandaman, Socioeconomic Planning Secretary Arsenio Balisacan, and Public Works Secretary Manuel Bonoan.
Marcos was seen discussing the spending plan with Finance Secretary Ralph Recto, Budget Secretary Amenah Pangandaman, Socioeconomic Planning Secretary Arsenio Balisacan, and Public Works Secretary Manuel Bonoan.
The printed copy of the national budget was submitted to the Office of the President Friday afternoon.
The printed copy of the national budget was submitted to the Office of the President Friday afternoon.
The review comes as the proposed P6.352 trillion 2025 national budget was fraught with controversy after the Bicameral Conference Committee approved cuts in the budgets of some agencies including the Department of Education and removed government subsidy for state insurer PhilHealth.
The review comes as the proposed P6.352 trillion 2025 national budget was fraught with controversy after the Bicameral Conference Committee approved cuts in the budgets of some agencies including the Department of Education and removed government subsidy for state insurer PhilHealth.
Marcos earlier said that they are thoroughly assessing the budget to ensure that it is aligned with the priorities of the administration and to place stronger safeguards on spending for the different projects.
Marcos earlier said that they are thoroughly assessing the budget to ensure that it is aligned with the priorities of the administration and to place stronger safeguards on spending for the different projects.
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He also noted the need to further clarify some unclear provisions in the budget.
He also noted the need to further clarify some unclear provisions in the budget.
The President also said that his only option now is to veto certain items and provisions of the spending plan.
The President also said that his only option now is to veto certain items and provisions of the spending plan.
He explained that since the budget has already been approved by Congress, returning it to the bicam for revisions is not part of the procedure.
He explained that since the budget has already been approved by Congress, returning it to the bicam for revisions is not part of the procedure.
MARCOS RULES OUT REENACTED BUDGET
Meanwhile, the possibility of a reenacted national budget for 2025 has never been discussed in Malacañang, a Palace official told reporters.
Meanwhile, the possibility of a reenacted national budget for 2025 has never been discussed in Malacañang, a Palace official told reporters.
"In the past two meetings that I attended with them, there was never a discussion on that (reenacted budget)," PCO Secretary Cesar Chavez said in a text message.
"In the past two meetings that I attended with them, there was never a discussion on that (reenacted budget)," PCO Secretary Cesar Chavez said in a text message.
Malacañang has yet to officially announce the date of the ceremonial signing of the 2025 national budget, but Marcos earlier said that he is looking to sign it into law before year-end.
Malacañang has yet to officially announce the date of the ceremonial signing of the 2025 national budget, but Marcos earlier said that he is looking to sign it into law before year-end.
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