Pres. Duterte signed the national budget for 2020

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national budget for 2020
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President Rodrigo Roa Duterte signed the Php 4.1 trillion the national budget for 2020 or the Fiscal Year (FY) 2020 General Appropriations Act (GAA) , the Department of Budget and Management (DBM) revealed.

Moreover, the service sector acquires the largest portion of the budget with PhP1.495 trillion, or 36.5 percent of the national budget, to fund human capital development programs in education, health, and social protection.

“The PhP 4.1 trillion national budget for 2020, which is equivalent to 19.5 percent of projected gross domestic product, is the country’s largest to date, larger by 12 percent than the 2019 budget. It will sustain the critical infrastructure, human capital development, and peace and order initiatives of the Administration to support socio-economic growth,” report of DBM stated.

“Carrying the theme ‘Continuing the journey to a more peaceful and progressive Philippines’, the FY 2020 national budget will build upon the gains made over the first three and a half years of President Duterte’s Administration by continuing the thrust for genuine change, inclusive growth, and equitable development to build a better Philippines,” report added.

In terms of providing the largest budget for social services, here are the programs which the government will continue to support:

  • Universal Access for Quality Tertiary Education (PhP39 billion)
  • Basic Education Facilities Program (PhP36 billion)
  • Universal Health Care Program (PhP172.4 billion)
  • Pantawid Pamilyang Pilipino Program (PhP108.8 billion)
  • Unconditional Cash Transfer Program (PhP36.5 billion)

Respectively, the economic services sector obtained the second largest portion of the budget with PhP1.2 trillion, 29. 5 percent of the national budget.

The Department of Public Works and Highways (DPWH) received Php581.7 billion; Php100.6 billion for the Department of Transportation (DOTr) ; the Department of National Defense (DND) acquired PhP192.1 billion, while the Philippine National Police (PNP) obtained PhP187.3 billion.

The budget is also allocated to improved the peace and order of the country.

Further, the following departments attained their respective budgets for 2020:
1. Department of Education , the Commission on Higher Education, and the Technical Education and Skills Development Authority – PhP692.6 billion
2. Department of the Interior and Local Government -PhP241.6 billion
3. Department of Social Welfare and Development – PhP200.5 billion
4. Department of Agriculture (DA) -PhP64.7 billion.

Among the departments, the education has the largest allocation.

House Committee on Appropriations Chairperson Representative Isidro T. Ungab and Senate Committee on Finance Chairperson Senator Juan Edgardo “Sonny” M. Angara led the passage of the FY 2020 General Appropriations Bill in Congress

Source: https://www.dbm.gov.ph/index.php/secretary-s-corner/press-releases/list-of-press-releases/1589-president-duterte-signs-p4-1-trillion-2020-national-budget

Photo from: GMA Network (https://www.facebook.com/gmanews/photos/a.126333131976/10158247810816977/?type=3&theater)


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