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Tuesday, December 18, 2012

Philippines' biggest ever government budget 2013 of ₱2 Trillion has been approved

Philippines' Department of Education has the biggest share in the 2013 Government Budget. ₱293.32 Billion has been allocated for DepED alone.

Aquino signs 2T budget for 2013

Philippines' President Benigno Aquino III signed on Wednesday the 2.006-trillion budget for 2013, the biggest budget ever approved in the country.

Calling it the 'empowerment budget,' the president said Republic Act 10352 is designed to give citizens the power to demand services from government agencies.

"The annual budget is an instrument to institutionalize accountability," Aquino said after signing the budget into law in Malacañang.

Out of the 2.006 trillion allotted for 2013, the Department of Education will get the biggest chunk at 293.32 billion.

Aquino said the budget aims to boost sectors that include agriculture, tourism, education, health and social services through the conditional cash transfer program.

"There is nothing impossible when you have the public's interest at heart," the president said, adding that it is the first time in seven years that not a single provision of the bill was vetoed.

He added that various sectors were consulted during the crafting of the national budget, in an effort to make the process more participatory.

"The result is a national budget that reflects the need of sectors and citizens," Aquino said. (http://is.gd/dvT9C9)

PhilSTAR

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