00:00Only eight days before 2025, but the President has not yet signed the approved national budget of the BICAM.
00:07Some are worried that it will go back to the re-enacted budget that is not good for the economy.
00:12According to some experts, the decision of Sandra Aguinaldo will be a disaster.
00:21To President Bongbong Marcos himself,
00:24the Executive is revising each item in the national budget to see what is the priority and not in the budget that went to the BICAM.
00:33Today, the President helped Finance Secretary Rolf Recto,
00:37Budget Secretary Amena Pangandaman,
00:40Public Works Secretary Manuel Bonoan,
00:42NEDA Secretary Arsenio Balisacan,
00:45and Executive Secretary Lucas Bersamid.
00:48This is followed by the approval of the approved budget,
00:50including the allocation of the largest allocation to the Department of Public Works and Highways
00:56instead of the Education Sector, which violated the Constitution.
01:01Also, the revocation of the budget of the Department of Education,
01:04the removal of the subsidy to PhilHealth,
01:07the return of the controversial aid to Kapos Angkita Program or ACAP,
01:11and the funding of the Congress.
01:13But only eight days before the new year,
01:17some experts in governance and economy are worried that if it will not be resolved,
01:22the re-enacted budget in 2025 will be possible.
01:26This is the implementation of the budget used in the past fiscal year
01:30until the new budget is not passed.
01:33If the budget is re-enacted,
01:35the new projects that were not re-enacted will not be funded.
01:40Economist Emanuel Leico said this is not good for the economy.
01:45It is not right to say that the previous budget should be re-enacted
01:50because the economic environment will change.
01:54We need a budget that is in line with what we expect to change the economy,
02:01to change our trade relations next year.
02:05According to the GMA Integrated News Research,
02:08in 2001, 2004, and 2006,
02:12the government operated in the re-enacted budget for a whole year.
02:15There was a partial re-enacted budget in 2003, 2005, 2008, 2009, and 2019.
02:24But Malacanang is confident that the 2025 national budget will be signed before the end of the year.
02:31Our target before the end of the year is that the President will sign this.
02:35The President will issue a statement and the concerned cabinet members will have a full briefing on the budget that will be passed by the government.
02:44According to Press Secretary Cesar Chavez,
02:47the re-enacted budget was not discussed in the President's meetings.
02:52The re-enacted budget was not discussed in the President's series of meetings
02:58because the President is insisting that there is a budget that will be passed before the end of the year.
03:04Whatever the budget of 2025, it should be in line with the eight-point socioeconomic agenda of the President.
03:14The Palace has not given any other details about the items in the budget that the President could veto.
03:22For GMA Integrated News, Sandra Aguinaldo, Katutok, 24 Hours.
03:34For GMA Integrated News, Sandra Aguinaldo, Katutok, 24 Hours.
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