PBBM SIGNS P5.2 TRILLION 2023 NATIONAL BUDGET

 

 

Dateline Kamuning:

  

President Ferdinand R. Marcos Jr. signed today the P5.2 trillion 2023 General Appropriations Act (GAA), which will fund the administration’s recovery plan next year as the country emerges from the effects of the coronavirus pandemic.

Among the priority sectors under the administration’s first national budget are education, public works, health, social welfare, agriculture as well as transportation.

In his speech during the ceremonial signing of the GAA in Malacanang, President Marcos said its passage is essential because it will serve as a roadmap of what the government intends to do next year.

 

 

The government, Marcos said, has listed its plans for next year and it is now slowly moving toward realizing its goals such as carrying out all the needed structural changes.

The signing into law of the General Appropriations Act is important because it will provide the government with a tool to transform the economy, the chief executive noted.

The President expressed his gratitude to the members of the legislature and all those who worked hard for the passage of the 2023 national budget.

According to President Marcos, the legislature has been very cooperative in making amendments that were necessary in terms of investment as well as financial policy.

The President also thanked the Department of Budget and Management (DBM) for its efforts in passing the government spending program for next year.