Aquino gives nod on P2.3T proposed budget for 2014

-A A +A

Thursday, July 11, 2013

PRESIDENT Benigno Aquino III has approved the P2.268-trillion proposed budget for next year with minor adjustments, a Palace official said Thursday.

The Chief Executive said that he and the members of the Cabinet stayed up to almost midnight on Wednesday to finish the deliberation of the proposed budget for 2014.

"Budget approved subject to some minor adjustments," said Presidential Communications Development and Strategic Planning Office Secretary Ramon Carandang in a text message to reporters.

He said the thrust of the Aquino administration remains inclusive growth.

"We are enhancing social protections and creating opportunities for employment by focusing on job generating sectors like manufacturing, tourism, infrastructure, and agriculture, among others," Carandang said.

He noted that Aquino takes time and effort to go over the details of the budget because he wanted to make sure that taxpayers' money is being spent properly and efficiently.

"This kind of scrutiny and attention is what has allowed us to increase spending without raising taxes and even enhance or fiscal space and earn us those credit rating upgrades," the official explained.

Aquino in a speech during the courtesy call of the 8th Ambassadors, Consul General, and Tourism Directors’ Tour delegates in Malacañang on Thursday acknowledged that he was busy the past days in finalizing the national budget, where his administration was laying out the priorities for next year, and even beyond.

"Every line must be thoroughly scrutinized before the entire document is submitted to Congress, and so finalizing the budget, as you can imagine, is a somewhat stressful task," he said.

Budget Secretary Florencio Abad will submit the proposed budget to Congress a day after the President's State of the Nation Address on July 22. The budget to be proposed for next year is 13.1 percent higher than this year's P2.006-trillion budget. (SDR/Sunnex)

DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!
Holy Week 2014

FOREX: US$ 1.00 = PhP 44.517

Bangko Sentral ng Pilipinas

Philippine Lotto Results

Gamesort iconCombinations
6Digit7-2-0-8-1-6
Swertres Lotto 11AM8-9-8
Swertres Lotto 4PM4-5-2
Swertres Lotto 9PM6-0-7
EZ2 Lotto 9PM04-02

Sun.Star Jobs
  • ePaper
  • Technology
  • tell it to sunstar
  • Sinulog
  • SunStar Celebrity
  • Obituary
  • Sun.Star Zup!
  • Sunstar Multimedia
  • Philippine Polls
  • Festivals
  • Pnoy
  • Pacman blog
  • Calamity Report
  • Habemus Papam
  • goodearth
  • Filipino Abroad