The House of Representatives on Monday approved on second reading the bill extending the validity of the 2021 General Appropriations Act until Dec. 31, 2022.
In a plenary session, the lower chamber approved through a voice vote House Bill 10373 that seeks to amend Section 62 of the general provisions of Republic Act 11518, the General Appropriations Act of Fiscal Year 2021 to allow agencies to fully utilize the allocated budget for this year.
Last week, the committee chaired by ACT-CIS Rep. Eric Go Yap, approved House Bill 10373 that seeks to extend the availability of the 2021 appropriations from Dec. 31, 2021, to Dec. 31, 2022, to allow the agencies to fully utilize the allocated budget for 2021.
Under the bill, the appropriations for infrastructure capital outlays, including subsidy releases to government-owned and -controlled corporations for infrastructure projects, shall be valid for obligation until Dec. 31, 2022, while the completion of construction, inspection, and payment shall be made not later than Dec. 31, 2022.
The bill also provides that appropriations for maintenance and other operating expenses and other capital outlays shall likewise be valid for obligation until Dec. 31, 2022, while the delivery, inspection, and payment shall be made not later than Dec. 31, 2022.