Budget on track: House ratifies bicameral report on the 2020 national budget

Budget on track: House ratifies bicameral report on the 2020 national budget

- in Philippines

The House of Representatives has ratified the bicameral conference report on the proposed 2020 National Budget.

The P4.1 Trillion budget is awaiting the signature of President Rodrigo Roa Duterte.

The budget will be utilized to fund the administration’s various critical projects and continue the progress begun by President Duterte in 2016. Among the President’s hallmark ambitious projects are the Build, Build, Build infrastructure initiative and Pantawid Pamilyang Pilipino Program (4Ps) which provides financial assistance to vulnerable Filipino families.

Speaker Alan Peter Cayetano, who led the House through an innovative and record-breaking budget process, commended and congratulated the Bicameral Conference Committee for their “thorough review and timely approval of the 2020 General Appropriations Bill.”

Throughout the budget process, Speaker Cayetano maintained that the House’s objective was to pass a budget that was free of pork, parked funds, and delays. To achieve this, the House approached the national budget with full transparency.

“Both the Senate and the House of Representatives have identified areas where funds have been underutilized for various reasons. Thus both houses made adjustments so it can now be fully utilized for programs such as the Build, Build, Build and social welfare programs in furthering the goal improving the quality of life of Filipinos,” said Speaker Cayetano.

The Committee’s early approval of the budget fits into the timeframe set by the Congress of approving the budget before the year’s end. The extended delays which hit the 2019 budget resulted in significant economic loss and opportunity costs for the nation, even stalling development. These negative impacts are what the House hoped to avoid with the 2020 budget.

“The early approval by the Committee provides the President ample time to review the Bill’s provisions and ensure that it is aligned with the priority programs of the administration. We now leave it up to the Departments, Agencies, and the rest of the Executive branch to fully implement the projects and programs with no corruption and with full transparency,” said Speaker Cayetano.

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