President Ferdinand Marcos Jr. approved the proposed ₱5.768-trillion national funding for next year, the Department of Budget and Management (DBM) said Friday.
The proposed budget reflects a 9.5% increase from 2023’s ₱5.268 trillion, the DBM said in a statement.
“It shall continue to reflect our commitment to pursue economic and social transformation to address the scarring effects of the pandemic, as well as the impact of inflation, by prioritizing shovel-ready investments in infrastructure projects, investments in human capital development, and sustainable agriculture and food security, among others,” she added.
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