2023 National Budget: President Bongbong Marcos Certifies Its Passage “Urgent”

2023 NATIONAL BUDGET – Philippine President Bongbong Marcos certified the passage of House Bill 4488 as “urgent”.

The House of Representatives approved the House Bill No. 4488 or the proposed 2023 national budget on 2nd and 3rd reading on the same day that the office of the House Speaker received a copy of a document indicating that Pres. Marcos has certified the passage of the bill as “urgent”. The expenditure program amounts to P5.268 trillion and is anchored on the theme “Agenda for Prosperity: Economic Transformation Towards Inclusivity and Sustainability”. Based on a report on ABS-CBN News, the House eyes to be done with the plenary deliberations on the bill in two (2) days.

Proposed Budget for 2023 Brings More Funds To Most Government Offices

Details about the Proposed Budget for 2023 Under the Expenditure Program

PROPOSED BUDGET FOR 2023 – Most government offices will be getting more funds next year under the proposed 2023 National Expenditure Program.

Currently, proceedings regarding the Philippine government’s budget for next year is already ongoing. The Department of Budget and Management (DBM) prepared the 2023 National Expenditure Program and has already submitted it to the House of Representatives.

Marcos Administration
Photo: Manila Standard

Based on a report on ABS-CBN News, the proposed budget for 2023 is set to bring more funds to most government agencies in the country. Under the 2023 National Expenditure Program, the Office of the President will have a budget of P8.969 billion next year. There will be slight increase compared to the P8.18 billion fund in 2022.

It was last June 30 when President Bongbong Marcos who won the 2022 Presidential Elections through a landslide victory assumed office. His inauguration was held at the Philippine National Museum.

Based on the report, P5.438 billion of the proposed budget for 2023 for the Office of the President is allotted for the Presidential Oversight Program while P144.77 million is set to go to the Presidential Advisory Program. The Presidential Legal and Legislative Services Program is allotted P181.972 million while the Presidential Executive Staff Services Program is allotted P1.276 billion.

With regards to the Office of the Vice President, the budget grew by three folds compared to the P702.035 million budget for the OVP in 2022. The proposed fund for the OVP in 2023 is P2.292 billion. The good governance program of the office is allotted P2.201 billion.

The judiciary is allotted P51.426 billion next year which is higher than 2022’s P45.735 billion. The Congress will get lower funds next year from P30.631 billion to 2022 to P25.869 billion next year.

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