President Ferdinand Marcos Jr. will veto certain provisions of the 2025 national budget, citing public welfare and fiscal program compliance. The signing of the budget, originally scheduled for December 20, has been postponed to allow for a thorough review.
President Marcos is set to veto certain provisions of the 2025 General Appropriations Act (GAA) in the interest of public welfare, Malacañang announced early Wednesday morning, Dec. 18. This development came following budget cuts in the Department of Education (DepEd) and the Philippine Health Insurance Corporation (PhilHealth).
'We can now confirm that certain items and provisions of the national budget bill will be vetoed in the interest of public welfare, to conform with the fiscal program, and in compliance with laws,' Executive Secretary Lucas Bersamin said in a statement. According to Bersamin, the scheduled signing of the proposed P6.352-trillion 2025 national budget on Friday, Dec. 20, is postponed to give way to a review led by Marcos himself. 'The scheduled signing of the General Appropriations Act on December 20 will not push through to allow more time for a rigorous and exhaustive review of a measure that will determine the course of the nation for the next year,' he wrote. 'The ongoing assessment is being led by the President himself, in consultation with the heads of major departments,' he added, noting that there is no new date for the signing yet. President Marcos also defended the significant increase in the proposed budget of the Department of Public Works and Highways (DPWH), saying the government must spend for the safety of the people. The proposed DPWH budget has bloated to P1.113 trillion from the initial P900 billion after the bicameral conference committee meeting. 'But public works is still going to be one of the top recipients of budget because marami na tayong ginagawa (we are doing many things),' Marcos said. 'We have big projects that we have to put in place. Infrastructure is important
BUDGET PHILIPPINES MARCOS Veto ECONOMY
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