00:00President Bambang Marcos will look at the insertions or changes made by legislators in the 2025 national budget
00:08that is not included in the original proposed budget of the Executive.
00:12In addition to the President, he will not return the budget to the Congress, except in the face of some.
00:18Witness, Ian Cruz.
00:21In the midst of the disputes and the reduction of the allocation in the 2025 national budget,
00:29the Mongkahi came out and returned the budget to the BICAM so that the provisions are in order.
00:35But President Bambang Marcos said,
00:37That is not in the procedure. There is no procedure to return it to the BICAM.
00:42It's up to us now to look at the items and to see what are appropriate,
00:47what are relevant, and what are the priorities.
00:50Along with the President and his Cabinet,
00:53he will look at the insertions or changes made by legislators in the 2025 national budget
00:59that is not included in the original proposed budget of the Executive.
01:04Is it really necessary? Maybe some people don't need it. Maybe it can be deferred.
01:09Some of the project proposals have already been approved.
01:13We are starting to see some project proposals that do not have the appropriate program of work.
01:21There is no appropriate documentation. It is not clear where the money will go.
01:27That is what we will clarify.
01:29According to the President, he will not avoid vetoing some provisions of the 2025 national budget
01:37so that the priority of the government will be the budget for the next year.
01:45We have to have a look because a lot has changed from the budget request from the different departments.
01:54And we have to put it back in the same shape that we had first requested.
02:01So, unfortunately, we are only left now, I am only left now with the veto power because we are done.
02:11Now it's up to us on how we regain control of the spending program.
02:18According to the President, the benefits from PhilHealth will not be reduced even if the government's subsidy is zero.
02:26For the seniors, for the poor, for the middle class, nothing will be reduced, not even a cent.
02:33Quite the opposite, we will add that in 2025, the services that PhilHealth will provide will be more.
02:43The payment that will be given to the insurance claim will be bigger.
02:49He also believes that the General Appropriations Bill or GAAP can be signed before the end of 2024.
02:56If not, it will go back to the reenacted budget where the budget will be the same for the next 100 years.
03:04According to the GMA Integrated News Research,
03:07in 2001, 2004, and 2006, the country operated in the reenacted budget for the entire year.
03:15As for the partial reenacted budget in 2019,
03:18when was it reenacted?
03:20From the 2018 budget for the first three months.
03:24According to the Department of Finance,
03:26if not because of that, 6.6% to 7.2% of the economy was affected in the first quarter.
03:34It was affected more than 5.6%.
03:38If the budget was passed at the right time,
03:41the economy benefited from the government's higher spending,
03:45for example, on infrastructure projects.
03:48According to the DOF,
03:50the underspending reached Php 1 billion per day due to the reenacted budget.
03:55Partial reenacted budget was also used in 2003, 2005, 2008, and 2009.
04:04For GMA Integrated News, I am Ian Cruz, your witness.
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