The House of Representatives of the Philippines approved the final reading of the proposed PHP5.024-trillion for the 2022 budget, which is 11.5 percent higher than this year’s PHP4.506 trillion.
The budget proposal is developed based on three main pillars strategy: building resilience amidst the pandemic, sustaining the momentum towards recovery, and continuing the legacy of Infrastructure development.
The largest allocations have been made to the Department of Education with PHP773.6 billion budget; Department of Public Works and Highways, PHP686.1 billion; Department of the Interior and Local Government, PHP250.4 billion; Department of Health, PHP242 billion; Department of National Defense, PHP222 billion; and the Department of Social Welfare and Development, PHP191.4 billion. To read more, click.
Source: The Philippine News Agency
Picture by Studio Mexico
