The budgets of key economic agencies were “deemed submitted” on Wednesday to the Senate in plenary, as it continued to rush deliberations on the 2023 general appropriations bill.
THE budgets of key economic agencies were “deemed submitted” on Wednesday to the Senate in plenary, as it continued to rush deliberations on the 2023 general appropriations bill.
Earlier, Angara endorsed the economic managers’ pitch for austerity measures, even while conceding the need to balance these with bigger spending for vulnerable sectors through the 2023 budgetary law. Nonetheless, he told Sen. Risa Hontiveros as she interpellated him on the 2023 budget bill, “but on the other hand, expanding public spending in order to address the needs of vulnerable sectors is important as well as to ensure the correct amount of stimulus provided for a recovering and transforming economy.”
Noting Balisacan’s remarks “in recent days that in the face of high and rising inflation, there is a need to support our vulnerable sectors and families,” Hontiveros asked Angara if Balisacan meant, “there was a need for more support on top of what is available already in the proposed 2023 NEP,” or, in short, a supplemental budget.
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