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Duterte approves proposed P4.5T budget for 2021

The Manila Times logo The Manila Times 8/2/2020 Mayvelin U. Caraballo, TMT
Rodrigo Duterte using a laptop © Provided by The Manila Times
PRESIDENT Rodrigo Duterte approved the proposed P4.50 trillion national budget for 2021, the Department of Budget and Management announced on Sunday.

In a statement, the Budget department said Duterte gave his approval during the special meeting with the Development Budget Coordination Committee held on Thursday last week.“[T]he proposed FY (fiscal year) 2021 budget aims to sustain government efforts towards effectively responding to the Covid-19 pandemic by focusing government spending on improving our healthcare systems, ensuring food security, increasing investments in public and digital infrastructure, and helping communities cope and prevail in these trying times . . . ,” it emphasized.

The budget’s “Reset, Rebound and Recover: Investing for resiliency and sustainability” theme, according to the DBM is consistent with the government’s  goal of saving lives and protecting communities while making different sectors of the economy stronger and more agile.

The proposed 2021 budget —  equivalent to 21.8 percent of the country’s gross domestic product — is 9.9 percent higher than this year’s P4.10 trillion appropriation.

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