MANILA, Philippines — The P6.352 trillion proposed nationwide finances for 2025 will likely be mentioned totally and scrutinized by the Home of Representatives’ committee on appropriations, Ako Bicol party-list Rep. Elizaldy Co mentioned on Wednesday.
Co in a press release mentioned that they may be sure that each peso allotted within the Nationwide Expenditures Program (NEP) will likely be spent for the folks, 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 authorised 2025 Nationwide Expenditure Program. The NEP will bear 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 businesses, and consultants to make sure that there will likely be transparency, accountability, and an efficient use of funds,” he added.
READ: 2025 finances 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. authorised the P6.352 trillion NEP for 2025.
The 2025 NEP is P584 billion larger than the 2024 finances, which was at P5.768 trillion.
Based on Co, they may be sure that the Legacy Initiatives of the Marcos administration get sufficient assist.
Legacy Initiatives
“Our major purpose is to craft a finances that really serves the folks. We’re dedicated to make sure that the 2025 finances addresses the important wants of our residents, promotes sustainable growth, and drives our nation towards progress and prosperity. We are going to 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 will even be sure that important sectors like training, healthcare, infrastructure, and social providers obtain sufficient funding to enhance the standard of lifetime of all Filipinos,” he added.
Co additionally assured the general public that his committee will craft a finances that can assist the nation’s financial progress and on the similar time, will promote inclusive development.
“We are going to meticulously study the NEP to ensure that it displays the aspirations and desires of our folks. On this mild, we are going to attempt to create a finances that’s not solely supportive of financial growth, however one which will even promote inclusivity and social justice,” he mentioned.
“Our dedication to this course of underscores our dedication to a clear, accountable, and people-centric strategy 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—will likely be a precedence. Romualdez mentioned that they may approve the finances 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 tasks of the administration.
