Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Minority legislators seek to realign P673B in confidential, intel funds

by
October 1, 2024
in Top News
0
Minority legislators seek to realign P673B in confidential, intel funds
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter
BW FILE PHOTO

MINORITY LEGISLATORS at the House of Representatives called for P673 billion worth of budget realignments to support agriculture programs and wage subsidies.

The Makabayan bloc proposed to reduce allocations for so-called confidential and intelligence funds to generate funding for the desired programs.

The legislators were lobbying for the changes to the proposed P6.352-trillion budget for next year, proposing also to realign funding from unprogrammed appropriations for foreign-assisted projects and road development projects of the Department of Public Works and Highways.

The proposal was submitted last week to a House small committee, which is responsible for overseeing individual amendments to the budget bill.

The Makabayan bloc members are Party-list Reps. Arlene D. Brosas, Raoul Danniel A. Manuel, and France L. Castro.

The proposed realignments “serve the best interests of our people,” according to a document outlining the proposed reallocations obtained by BusinessWorld.

The House approved House Bill No. 10800 or the General Appropriations Bill on final reading last week, ahead of its month-long break and 58 days after receiving the spending plan from the executive branch.

It adopted committee amendments to the spending plan during plenary deliberations while creating a small committee to address individual amendments to the budget bill, allowing the chamber to meet its self-imposed September deadline.

The Department of Agriculture, Sugar Regulatory Administration, and the National Food Authority (NFA) are to receive P390 billion in additional funding under Makabayan bloc’s budget proposal. Of this, P242 billion will go towards agricultural production subsidies for farmers, with P101 billion to fund the procurement of palay (unmilled rice) by the NFA.

“In order to help the farmers and fisherfolk affected by increasing costs of farm inputs, rising fuel prices, and calamities and typhoons, we propose to allocate funding for production subsidies,” according to the document.

The government’s rice development program’s budget would more than double under the Makabayan proposal to P90 billion from P31.39 billion.

The Labor, Trade and Migrant Workers departments are to collectively receive an additional P100.7 billion to boost wage subsidies and cash assistance programs under the proposal.

The Makabayan legislators backed an additional P40 billion for the Department of Trade and Industry to support wage subsidies for small businesses. The proposed subsidy program is to help keep small businesses stay afloat by providing P8,000 per worker.

“The Wage Subsidy Program for MSMEs (micro-, small- and medium-sized enterprises) in the 2025 budget (would) shoulder up to 70% of the minimum wage of workers in such enterprises,” according to the proposal.

The legislators also proposed P47.6 billion for the Labor department for a one-time cash assistance program worth P20,000 for the unemployed, as well as an additional P58.8 billion for the Health department to increase funding for public hospitals.

“To deliver the much-needed services to the people and to address the high household out-of-pocket expenses, we need to give sufficient budgets to the public hospitals,” the legislators said. — Kenneth Christiane L. Basilio

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Dairy breeder herd to be expanded via imports

Dairy breeder herd to be expanded via imports

Recommended

GS1 Philippines fights fake medicine

GS1 Philippines fights fake medicine

October 9, 2024
Top 10 fiscal economic stories of 2024

Top 10 fiscal economic stories of 2024

December 26, 2024
Sugar millers see higher yields after delay to milling operations

Sugar millers see higher yields after delay to milling operations

August 21, 2024
Vehicle sales up 8.5% in November

Vehicle sales up 8.5% in November

December 22, 2024
Omar Ayales: Is Gold’s Run Over? Signals I’m Watching, Plus What I’m Buying

Omar Ayales: Is Gold’s Run Over? Signals I’m Watching, Plus What I’m Buying

November 12, 2025

GSIS lends P208B under MPL Loan Flex program

September 23, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Steve Penny: Silver’s Big Move Still to Come, Watch This Price Trigger

    Steve Penny: Silver’s Big Move Still to Come, Watch This Price Trigger

    January 22, 2026
    Skyharbour Announces Major 2026 Exploration Campaign with Denison Mines at Russell Lake Uranium Joint Ventures

    Skyharbour Announces Major 2026 Exploration Campaign with Denison Mines at Russell Lake Uranium Joint Ventures

    January 22, 2026
    Cyprium Metals Limited (ASX: CYM) – Trading Halt

    Cyprium Metals Limited (ASX: CYM) – Trading Halt

    January 21, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved