DBM presents detailed allocation of funds during Palace briefing on nat’l budget

Transcript

00:00Like that red substance that helps sustain the human body,

00:03the national budget serves the same function in government,

00:06the so-called lifeblood of public service and good governance.

00:09Thus, it is imperative the president and his cabinet

00:12thoroughly go through the 2025 national budget

00:15to make sure every centavo is wisely and appropriately spent

00:18for the common good in the pursuit of economic prosperity.

00:22Alan Francisco has the full report.

00:27In a briefing in Malacanang,

00:28the Department of Budget and Management or DBM

00:31detailed the allocation of national funds for the upcoming year

00:35amounting to 6.3 trillion pesos.

00:37Firstly, the government's continuous support in response to inflation

00:41or the rising prices of goods was highlighted.

00:44In fact, more than 253 billion pesos has been allocated

00:48as cash assistance to those in need.

00:50This includes programs like the Pantawid Pamilang Pilipino Program,

00:54Social Pension, the Walang Gutom, Food Stamp Program, among others.

01:15There is also medical assistance from the Department of Health,

01:18the Tupad Program of Dole,

01:20fuel subsidy from the Department of Transportation,

01:23and fuel assistance from the Agriculture Department.

01:26Dole also received more than P980 million pesos

01:29for its Youth Employability Program.

01:50Flood control projects which help reduce flooding

01:53not only in Metro Manila but throughout the country

01:56will not be halted.

02:20The budget department also stated that the budget for the office of the vice president

02:38increased by 8% with the OVP receiving 2 billion pesos next year.

02:51Meanwhile, the government's budget for confidential and intelligence funds for 2025

03:16went down by 16% compared to last year, according to the DBM.

03:20Furthermore, Budget Secretary Pangandaman announced the implementation

03:24of the first tranche of salary increases for government employees this year.

03:28An executive order detailing the fourth tranche salary increase

03:32is expected to be released shortly.

03:34Included in the proposed 2025 national budget

03:37is the provision of medical benefits for government workers,

03:40amounting to P7,000 for each qualified employee, Alan Francisco.

03:45From the National TV Network, for a new and better Philippines.