Marcos eyes signing 2024 budget before Christmas

Vivienne Gulla, ABS-CBN News

<p>MANILA -- President Ferdinand Marcos Jr. is still waiting for the ratified Bicameral Conference Committee Report on the proposed 2024 national budget, but he does not foresee unresolved issues in next year’s spending plan. </p><p>He said there have been consultations throughout the year on the budget. The President expects to sign into law the 2024 budget before Christmas. </p><p>“I will be very surprised if there are other issues that will suddenly arise that we had not anticipated or hadn’t resolved. I don’t see any problem to that,” Marcos said.</p><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/ajlmq2cx-Gw?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div><p>“You should really ask the bicam to see what their schedule is. But yes, I think we’re good for Christmas,” he added. </p><p>On Monday, both houses of Congress separately ratified the bicameral conference committee report reconciling the differences between their respective versions of the 2024 national budget valued at P5.768 trillion. <br/>The ratification of the bicameral conference committee report finalizes the 2024 budget at the level of the legislature. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/12/11/23/congress-oks-p5768-trillion-2024-national-budget">Congress OKs P5.768-trillion 2024 national budget</a></li></ul><p>The bicameral panel sustained the House&#x27;s decision to remove the confidential funds of Vice President Sara Duterte&#x27;s office and the Department of Education.</p><p>Senate Finance Committee Chair Sonny Angara explained that there were no changes to the adjustments made by the House to the confidential funds which had earlier shifted those funds to security agencies. </p><p>Angara and House Appropriations Committee Chair Elizaldy Co both confirmed there were no restorations of the controversial confidential funds. </p><p>Angara said education is still the top recipient of the budget but that refers to the combined budget of all education-related agencies. Co explained they also put an emphasis on food security.</p>

President Ferdinand Marcos Jr. is still waiting for the ratified Bicameral Conference Committee Report on the proposed 2024 national budget. 

Marcos eyes signing 2024 budget before Christmas | ABS-CBN

Entertainment

News

Metro.Style

Sports

More

Business

Marcos eyes signing 2024 budget before Christmas

Marcos eyes signing 2024 budget before Christmas

Vivienne Gulla,

ABS-CBN News

Published Dec 15, 2023 01:16 PM PHT

Read More:

national budget

2024 National Expenditure Program

General Appropriations Act

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

Terms of Service

Advertise with Us

© 2024 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Advertise with Us

Privacy Policy

Terms of Service

© 2024 ABS-CBN Corporation. All Rights Reserved.