MANILA, Philippines — The P6.352 trillion proposed nationwide price range for 2025 might be mentioned completely and scrutinized by the Home of Representatives’ committee on appropriations, Ako Bicol party-list Rep. Elizaldy Co mentioned on Wednesday.
Co in an announcement mentioned that they may be sure that each peso allotted within the Nationwide Expenditures Program (NEP) might be spent for the individuals, and are aligned with nationwide priorities.
READ: Marcos OKs P6.352 trillion Nationwide Expenditure Program for 2025
“The Home of Representatives is absolutely ready to obtain the accepted 2025 Nationwide Expenditure Program. The NEP will endure rigorous scrutiny to make sure that each peso allotted is judiciously spent and aligned with our nationwide priorities,” Co, who’s chairperson of the appropriations panel, mentioned.
“The appropriations committee will do a complete listening to in Congress, together with totally different stakeholders, authorities companies, and consultants to make sure that there might be transparency, accountability, and an efficient use of funds,” he added.
READ: 2025 price range approval a Home precedence, says Romualdez
Co’s statements got here a day after the Presidential Communications Workplace (PCO) introduced that President Ferdinand Marcos Jr. accepted the P6.352 trillion NEP for 2025.
The 2025 NEP is P584 billion larger than the 2024 price range, which was at P5.768 trillion.
In response to Co, they may be sure that the Legacy Initiatives of the Marcos administration get enough help.
Legacy Initiatives
“Our major aim is to craft a price range that really serves the individuals. We’re dedicated to make sure that the 2025 price range addresses the important wants of our residents, promotes sustainable improvement, and drives our nation towards progress and prosperity. We’ll be sure that the Legacy Initiatives of President Marcos—the Legacy Specialty Hospitals, Legacy on Meals Safety at Legacy Housing for the poor—will proceed,” he mentioned.
“We may even be sure that important sectors like training, healthcare, infrastructure, and social providers obtain enough funding to enhance the standard of lifetime of all Filipinos,” he added.
Co additionally assured the general public that his committee will craft a price range that may help the nation’s financial progress and on the identical time, will promote inclusive development.
“We’ll meticulously look at the NEP to ensure that it displays the aspirations and desires of our individuals. On this mild, we’ll attempt to create a price range that isn’t solely supportive of financial improvement, however one which may even promote inclusivity and social justice,” he mentioned.
“Our dedication to this course of underscores our dedication to a clear, accountable, and people-centric method to governance,” he added.
Earlier, Home Speaker Ferdinand Martin Romualdez additionally mentioned that passing the Basic Appropriations Invoice (GAB)—or the Home model of the NEP—might be a precedence. Romualdez mentioned that they may approve the price range on time—or earlier than Congress adjourns its session in September 2024.
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Romualdez mentioned the Home would guarantee that there’s sufficient funding for training, agriculture, the modernization and welfare applications of the armed forces, infrastructure, and the legacy initiatives of the administration.
