DBM submits national budget proposal worth P3,35T

DBM submits national budget proposal worth P3,35T

- The Department of Budget and Management (DBM) has already forwarded the proposed 2017 national budget

- Budget Secretary Benjamin Diokno submitted the 2017 General Appropriations Act (GAA) to Speaker Panteleon “Bebot” Alvarez and Majority leader Rudy Fariñas

- The proposed budget for 2017 is 11.6 percent higher than this year's budget

The Department of Budget and Management (DBM) submitted on Monday, the proposed national budget for 2017 worth P3.35 trillion on Monday.

Budget Secretary Benjamin Diokno turned over to Speaker Panteleon “Bebot” Alvarez and Majority leader Rudy Fariñas, the 2017 General Appropriations Act (GAA), which is referred to as “a budget for real change.”

The proposed budget for 2016 is 11.6 percent higher compared to this year’s national budget worth P3.002 trillion. The 2017 proposed budget also shows the Gross Domestic Product’s 20.4 percent, higher than 2016’s GDP percentage of 20.1.

DBM submits national budget proposal worth P3,35T

Speaker Pantaleon Alvarez receives national budget proposal (Photo from inquirer.net)

READ ALSO: Cha-Cha hearing set on September

Diokno said in a statement that there was a proposed substantial increase in the budget of the Philippine National Police (PNP) and the Armed Forces of the Philippines (AFP) to support President Rodrigo Duterte’s war on drugs, criminality, and terrorism.

He explained that P110.4 billion proposed budget will be allotted for PNP which is 24.6 percent higher than this year’s for hiring more personnel and purchasing firearms and patrol vehicles. Diokno also added that the administration will increase infrastructure spending to the GDP’s seven percent to improve infrastructure building.

According to Diokno, the proposed budget for infrastructure is P860.7 billion which is 13 percent higher than 2016 budget. P355.7 billion was allocated for fixing and building road networks, railways, and seaports and airport systems.

READ ALSO: Duterte to allot P500M for AFP

Sectors said that at least 40 percent of the budget will be allotted to education, healthcare, social welfare, and other social services for empowering human resources. Economic services will take the 27.6 share of the budget for fixing the infrastructure network, boosting the agriculture and rural sector, while 22 percent will be for general public services and defense.

Diokno stated that every department’s budget was based on each government agency’s needs. - Kami Media

READ ALSO: P1 trillion budget left to Duterte’s Administration

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