00:00The Bicameral Conference Committee will start today in May at the Panokalang Pambansang Pondo
00:08in the next year, which is estimated to be worth more than 6.3 trillion pesos.
00:15The two members of the Congress will discuss this in Central Balita with Daniel Manalastas.
00:23Daniel.
00:25Yes, Aljo, this afternoon, the Bicameral Conference Committee was established for the Panokalang 2025 National Budget.
00:34And Aljo, there are some provisions in the Panokalang Budget that must be negotiated by lawmakers.
00:41The budget of the Office of the Vice President, as well as the budget for the assistance in the Kaposang Kita Program or ACAP,
00:49are those that are being negotiated by the Bicameral Conference Committee.
00:53Senators explained why the budget of the OVP was not added based on their version.
01:00There was an opportunity here in the hearing of the Committee hearing to give justification if they want to increase the budget.
01:10There was no formal request from the OVP to increase the budget.
01:16It is not only tied to the budget to be effective in your walk.
01:22It also depends on the assistance of other government agencies.
01:26We are governed by rules, procedures, and traditions.
01:29So that is what I respect, the decision of the majority.
01:35Senator Grace Poe said they were sure that the OVP still has the ability to do their mandate,
01:40as well as some programs, such as social economic projects.
01:44When it comes to the budget of ACAP...
01:46It depends. Maybe next...
01:50Do you have a chance?
01:52Maybe I do.
01:53Until the Bicam is over.
01:55That's what the third house is saying.
01:58Poe also explained why there is an additional budget for the Office of the President.
02:03There is an ASEAN...
02:04We actually met with Secretary... Executive Secretary Bersamin.
02:09He said that ASEAN has to prepare a venue for about 400 meetings.
02:17There are 300-400 cluster meetings, not to mention security, housing,
02:27not just for the main delegates, but even for the staff.
02:33That's for 2026, if I'm not mistaken.
02:37So we have to prepare by next year.
02:41Aljo, how many days will this Bicameral Conference Committee take for the 2025 National Budget?
02:47And it's time for the Bicam to approve the 2025 budget.
02:51It needs to be ratified by two members of Congress.
02:55Aljo?
02:57Thank you very much, Danielle Manalastas.
