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THE National Government will be seeking a P6.352 trillion budget for fiscal year 2025, Department of Budget and Management Secretary Amenah Pangandaman said Thursday, June 27, 2024.In a press conference, Pangandaman said they will present the proposed budget to the Cabinet on July 2, three weeks before President Ferdinand Marcos Jr.’s State of the Nation Address of the 22nd and submit it to the Congress on the 29th.The proposed budget for next year is 10.
Also among the reasons for the higher budget for next year is the upcoming midterm elections in May, expansion of the Pantawid Pamilyang Pilipino Program or 4Ps, and the recently signed law increasing the teachers’ allowance from P5,000 to P10,000.Pangandaman said the social sector, which includes education, health and social protection, will get the big chunk of the budget, while agriculture will remain to be a priority in a bid to achieve the administration’s goal for food security.
Philippines Government 2025 Budget Philippines 2025 Budget Department Of Budget And Management
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