Marcos Jr. calls 2025 budget ‘suboptimal’
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Marcos Jr. calls 2025 budget ‘suboptimal’
President Ferdinand Marcos Jr. answers questions from the media after attending the Philippine Chamber of Commerce and Industry’s 48th Philippine Business Conference and exposition at the Manila Hotel on October 20, 2022. Jonathan Cellona, ABS-CBN News/File
President Ferdinand Marcos Jr. answers questions from the media after attending the Philippine Chamber of Commerce and Industry’s 48th Philippine Business Conference and exposition at the Manila Hotel on October 20, 2022. Jonathan Cellona, ABS-CBN News/FileMANILA — President Ferdinand Marcos Jr. called the 2025 national budget "suboptimal" due to the budget cuts made from the original spending plan they submitted to Congress.
MANILA — President Ferdinand Marcos Jr. called the 2025 national budget "suboptimal" due to the budget cuts made from the original spending plan they submitted to Congress.
“Perhaps the budget as was passed, you could describe it as suboptimal,” Marcos Jr. said in a chance interview with the media on Burauen, Leyte following the ceremonial turnover of eight Yolanda Permanent Housing Projects on Friday, January 17.
“Perhaps the budget as was passed, you could describe it as suboptimal,” Marcos Jr. said in a chance interview with the media on Burauen, Leyte following the ceremonial turnover of eight Yolanda Permanent Housing Projects on Friday, January 17.
The President explained that they are now addressing the situation by searching for savings to restore the slashed budgets from various sectors including education, health, housing and tourism.
The President explained that they are now addressing the situation by searching for savings to restore the slashed budgets from various sectors including education, health, housing and tourism.
“But we are remedying that situation and we are returning the most… well, let me put it simply, ang ginagawa natin ay ‘yung mga masyadong nawala sa National Expenditure Program na hindi na nabigyan ng pondo ay hinahanapan namin ng mga savings para maibalik ang mga pondong ‘yan. Kagaya sa edukasyon, kagaya sa health, kagaya sa mga pabahay,” he noted.
“But we are remedying that situation and we are returning the most… well, let me put it simply, ang ginagawa natin ay ‘yung mga masyadong nawala sa National Expenditure Program na hindi na nabigyan ng pondo ay hinahanapan namin ng mga savings para maibalik ang mga pondong ‘yan. Kagaya sa edukasyon, kagaya sa health, kagaya sa mga pabahay,” he noted.
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“So, this is what we are doing. As I said, the original budget can be described as suboptimal. We are working to make it optimal once again,” Marcos Jr. emphasized.
“So, this is what we are doing. As I said, the original budget can be described as suboptimal. We are working to make it optimal once again,” Marcos Jr. emphasized.
On Thursday, the President met with officials from the Education department and the Technical Education and Skills Development Authority (TESDA) to discuss their budget cuts and ensure sufficient funding for key education programs.
On Thursday, the President met with officials from the Education department and the Technical Education and Skills Development Authority (TESDA) to discuss their budget cuts and ensure sufficient funding for key education programs.
Out of P748 billion proposed by the Department of Education (DepEd), P737 billion was approved by Congress.
Out of P748 billion proposed by the Department of Education (DepEd), P737 billion was approved by Congress.
“We have to be able to show that that’s (education) the priority,” the Presidential Communications Office said in a press release quoting the President.
“We have to be able to show that that’s (education) the priority,” the Presidential Communications Office said in a press release quoting the President.
It added that the slashed funds were intended for the creation of new school personnel positions, the Basic Education Facilities Fund, and the implementation of the DepEd Computerization Program.
It added that the slashed funds were intended for the creation of new school personnel positions, the Basic Education Facilities Fund, and the implementation of the DepEd Computerization Program.
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