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Duterte approves proposed P4.5 trillion budget for 2021

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/news/08/02/20200727-duterte-5th-sona-rtvm-13.jpg?ext=.jpg"/><figcaption>President Rodrigo Duterte gives his 5th State of the Nation Address at the House of Representatives in Quezon City on July 27, 2020. Screengrab from RTVM</figcaption></figure></div>MANILA (UPDATE) - President Rodrigo Duterte has approved the proposed P4.506-trillion national budget for 2021 which will &quot;sustain government efforts&quot; against COVID-19, the Department of Budget and Management said Sunday.Next year&#x27;s spending plan is 9.9 percent higher than the P4.1 trillion budget for 2020, and is equivalent to 21.8 percent of the country&#x27;s gross domestic product, the DBM said.It aims to ensure food security, increase investments in public and digital infrastructure, and help &quot;communities cope and prevail in these trying times,&quot; the agency said.Duterte approved the proposed budget last Thursday, according to the DBM.The 2021 National Expenditure Program (NEP) and other budget documents will be submitted to Congress before the 30-day Constitutional deadline, it said.The Senate last week passed the Bayanihan to Recover as One (Bayanihan 2) bill on final reading which provides P140-billion fund to sectors reeling from the pandemic.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/07/28/20/senate-oks-bayanihan-2-bill-on-final-reading">Senate OKs Bayanihan 2 bill on final reading</a></li></ul>The Philippines on Saturday reported record-high coronavirus infections for a third day at 4,963 new cases, raising the nationwide total to 98,232.The tally includes 2,039 fatalities, 65,265 recoveries and 30,928 active cases. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/08/01/20/philippines-covid19-cases-coronavirus-update-august012020">Philippines sees record new COVID-19 cases for 3rd straight day</a></li>	<li><a href="https://news.abs-cbn.com/news/08/01/20/alarming-if-trend-holds-covid-cases-could-reach-150k-by-augusts-end-says-up-prof">‘Alarming’: If trend holds, COVID cases could reach 150K by August’s end, says UP prof</a></li></ul>

President Rodrigo Duterte has approved the proposed P4.506-trillion national budget for 2021, the Department of Budget and Management said Sunday.

President Rodrigo Duterte has approved the proposed P4.506-trillion national budget for 2021, the Department of Budget and Management said Sunday.