BusinessWorld Online
House OK’s extending validity of 2020 budget
The House of Representatives approved on third and final reading House Bill 6656, extending the validity of the 2020 national budget until December 31, 2021.
The measure, certified as urgent by President Duterte, aims to allow continued funding for COVID-19 response projects and initiatives delayed by the pandemic.
Lawmakers passed the bill with 221 affirmative votes, six negatives, and zero abstentions.
This extension is crucial to prevent the reversion of funds to the national treasury and to support economic recovery.
A counterpart measure has been filed in the Senate, and the validity of the Bayanihan to Recover as One Act (Bayanihan II) is also set to be extended.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Senate approved on final reading measures to extend the availability of P148 billion in unspent funds under the 2020 national budget and Bayanihan 2.
Read more →
The House of Representatives approved House Bill 8063 on final reading, extending the availability of funds under the Bayanihan to Recover As One Act (Bayanihan 2) until June 30, 2021.
+1
Read more →
Two congressional leaders proposed extending the validity of the Bayanihan to Recover as One Act (Bayanihan 2) until March or June 2021.
Read more →
Congress has approved the P4.5-trillion national budget for 2021, which includes P72.5 billion for COVID-19 vaccines.
Read more →
Senate President Pro Tempore Ralph Recto has filed a proposed Bayanihan 3 bill, amounting to P485 billion, to aid in the Philippines' economic recovery from the COVID-19 pandemic and recent typhoons.
Read more →