00:00 At this point, may we request the President to please proceed with the signing of the
00:08 enrolled copy of the bill.
00:09 [Music]
00:09 Upon the President's signature, the harmonica will be played.
00:39 The harmonized votes of the two chambers of Congress on House Bill Number 8980 shall be
00:45 known as Republic Act 11975, entitled "An Act Appropriating Funds for the Operation
00:51 of the Government of the Republic of the Philippines from January 1 to December 31, 2024."
01:01 Today we sign the national budget, the instrument which tells how the taxes paid by the people
01:08 will be returned to them.
01:11 In effect, we are signing the renewal of our annual social contract with taxpayers, that
01:17 what they have paid faithfully will be rebated to them in full.
01:23 Although it is teeming with numbers, this budget is more than a spreadsheet of amounts
01:28 or a ledger of projects.
01:31 Rather it details our battle plan in fighting poverty and combating illiteracy, in producing
01:37 food and ending hunger, in protecting our homes and securing our border, treating the
01:43 sick, keeping our people healthy, creating jobs and funding livelihoods.
01:50 Thank you.
01:51 [Applause.]
01:51 [End of Audio]
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