Wednesday, February 8, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

National budget set to be signed into law Dec. 15

Maricel CruzbyMaricel Cruz
December 8, 2022, 1:20 am
in News, Top Stories
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

President Ferdinand Marcos Jr. is expected to sign the proposed P5.268-trillion national budget for 2023 into law by December 15, Speaker Martin Romualdez said Wednesday.

“We have ratified the Bicameral Conference Committee Report on the national budget, which should be ready for signing… for the signature of the President after he returns from his trip to Brussels [in Belgium],” Romualdez told reporters.

“We acted on it with dispatch. We have done our jobs, and we are of hope that this will help in our country’s success and the President’s agenda of prosperity for all,” he added.

Marcos will be in Brussels from December 11 to 15 for the Association of Southeast Asian Nations (ASEAN)-European Union Summit.

Congress on Monday ratified the proposed P5.268-trillion national budget for 2023 after it was approved by the bicameral conference committee in the morning.

ADVERTISEMENT

The bicam panel also restored the P150 million in confidential funds of the Department of Education (DepEd), which was cut by P120 million in the Senate version of next year’s national capital outlay.

Romualdez, who presided over the Monday session at the House of Representatives, announced the bicam report as duly ratified after holding a voice vote. The affirmative votes won overwhelmingly.

The Senate ratified the same document at past 7:30 p.m. during its own session in plenary, after Deputy Majority Leader Joel Villanueva moved to ratify next year’s capital outlay.

Senate President Juan Miguel Zubiri announced the budget’s ratification, which was opposed by Senate Minority Leader Aquilino “Koko” Pimentel III and Assistant Minority Leader Risa Hontiveros.

Senate finance panel chairperson Juan Edgardo Angara made the announcement after the closing of the bicameral meeting held at the Manila Golf Club in Makati Monday morning.

“We have returned the money slashed by the Senate from some (government) agencies, but not those from other agencies,” he said, specifically citing the P150 million confidential fund of the DepEd.

In the Senate, Hontiveros had proposed cutting the agency’s confidential funds and transferring it to the healthy learning institution program, a move her colleagues approved.

But she said: “Today, the 19th Congress missed an opportunity to show its independence. We failed to demonstrate that we do hold the power of the purse.”

But Angara said the DepEd said they needed the budget and “we respected the wishes of the agency,” which is headed by Vice President Sara Duterte-Carpio.

Pimentel confronted Angara on the bicam increasing by P219 million the unprogrammed appropriations in the national budget and expressed dismay over the development.

“That is disappointing. I will still need to get more details about the bicam report,” he said.

Another Senate act – reducing the budget for the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) — was also undone in the bicameral session, with the agency’s budget being restored to the original amount.

The chairman of the House committee on appropriations on Tuesday used the communist threat to justify restoring P10 billion in the budget of the controversial NTF-ELCAC, as well as the confidential intelligence funds (CIF) of the Department of Education (DepEd).

Ako-Bicol Rep. Zaldy Co said the decision of the House to restore DepEd’s CIF—which the Senate had removed—aims to “secure the future” of Filipino children.

Tags: Ferdinand Marcos JrMartin RomualdezNational Budget
ADVERTISEMENT
Maricel Cruz

Maricel Cruz

Related Posts

PH mission off to Turkey, Syria

byVince Lopezand2 others
February 8, 2023, 1:40 am
0
8
PBBM to Pinoys: Pay correct taxes

Joins other nations in rescue, medical efforts as death toll crosses 5,000 The Philippines is joining other nations in offering...

Read more

It could happen here, too—Phivolcs

byManila Standard
February 8, 2023, 1:30 am
0
8
Magnitude 5.3 earthquake jolts Batangas

As a magnitude 7.8 earthquake recently hit Turkey and Syria, the head of the Philippine Institute of Volcanology and Seismology...

Read more

WHO warns up to 23m people could be affected by 7.8 tremor

byAFP
February 8, 2023, 1:20 am
0
8
Travel ban on 8 nations up; WHO warns of strain spread

Geneva—Up to 23 million people could be affected by the massive earthquake that has killed thousands in Turkey and Syria,...

Read more

Speaker slams agri traders to ‘moderate greed’

byMaricel Cruz
February 8, 2023, 1:10 am
0
8
Football legend Pele dies at 82, now eternal icon

Speaker Martin Romualdez on Tuesday urged “profit-hungry traders” manipulating or hoarding the supply and prices of agricultural products, particularly onions...

Read more

Jan. inflation hit 14-year high 8.7% as prices of basic needs soar

byJulito G. Radaand4 others
February 8, 2023, 1:00 am
0
8
ADB cuts ‘developing Asia’ growth forecast as China lockdowns bite

Inflation rose to its highest level in more than 14 years and showed no sign of easing in January, rising...

Read more

Labor group: Rising prices erode daily wage by P88

byVito Barcelo
February 8, 2023, 12:50 am
0
8
Wages up in Calabarzon, Davao

At least P88 has been eroded from the P570 minimum wage in Metro Manila due to the continuous rise in...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • PH mission off to Turkey, Syria
  • It could happen here, too—Phivolcs
  • WHO warns up to 23m people could be affected by 7.8 tremor
  • Speaker slams agri traders to ‘moderate greed’
  • Jan. inflation hit 14-year high 8.7% as prices of basic needs soar
  • Labor group: Rising prices erode daily wage by P88
  • Omicron strain XBB1.5 here

Advertisement

Latest News

Jan. inflation hit 14-year high 8.7% as prices of basic needs soar

byJulito G. Radaand4 others
February 8, 2023, 1:00 am
0
8
ADB cuts ‘developing Asia’ growth forecast as China lockdowns bite

Inflation rose to its highest level in more than 14 years and showed no sign of easing in January, rising...

Read more

Labor group: Rising prices erode daily wage by P88

byVito Barcelo
February 8, 2023, 12:50 am
0
8
Wages up in Calabarzon, Davao

At least P88 has been eroded from the P570 minimum wage in Metro Manila due to the continuous rise in...

Read more

Omicron strain XBB1.5 here

byWillie Casas
February 8, 2023, 12:40 am
0
8
PH logs 2 Omicron cases

The Philippines has confirmed its first case of the coronavirus omicron subvariant XBB.1.5, which experts said causes the most transmissible...

Read more

PBBM to Pinoys: Pay correct taxes

byVince Lopez
February 8, 2023, 12:30 am
0
8
PBBM to Pinoys: Pay correct taxes

President Ferdinand Marcos Jr. on Tuesday encouraged Filipinos to pay the correct taxes critical to the government and moving the...

Read more

Palace reveals new appointees for OP, LWUA

byVince Lopez
February 8, 2023, 12:20 am
0
8
Vax wastage, infection surge feared in Odette-hit areas

Malacañang on Tuesday released the latest appointments in two departments under the administration of President Ferdinand R. Marcos Jr. Among...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App