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PRESS RELEASES

SOURCE: Press and Public Affairs Bureau


2023 national budget will help Marcos administration to implement prosperity roadmap
16 December 2022 04:00:00 PM


SPEAKER Martin G. Romualdez said the P5.268-trillion 2023 national budget, signed this Friday afternoon by President Ferdinand "Bongbong" Marcos Jr., will help the administration implement its Agenda for Prosperity to sustain growth, generate economic activities and jobs, and increase the income for Filipinos.

“It is the most important and potent tool the President, his economic team and the entire government can use to accomplish the goals of the prosperity roadmap,” Speaker Romualdez said.

He said the House of Representatives and the Senate deliberated on and approved the President’s first full-year budget proposal “in record time.”

“As far as I can remember, the 2023 budget is one of the few spending bills signed into law in mid-December, way before the start of its implementation on New Year’s Day,” he added.

Speaker Romualdez thanked members of the House and the Senate and Executive officials for their cooperation in the early passage of the appropriations bill.

He said the administration, principally the Department of Budget and Management (DBM), now has enough time to prepare for the release of funds appropriated in the 2023 budget law.

“The money needed to sustain our economic expansion momentum and keep the country on the high-growth path should be out on January 1. Agencies should be ready to keep up with their programs, activities and projects, while observing transparency and accountability,” Speaker Romualdez said.(END)