BusinessWorld Online
House OKs 2021 budget on final reading
The House of Representatives has approved the P4.5-trillion national budget for 2021 on final reading during a special session.
This appropriations bill was passed on the last day of a four-day special session called by President Rodrigo R. Duterte, who had certified the bill as urgent.
A significant portion of the budget, P1.1 trillion, is allocated for infrastructure projects aimed at stimulating economic recovery.
The Philippine economy experienced a record contraction of 16.5% in the second quarter and is projected to shrink further this year.
The budget bill will be transmitted to the Senate by October 28, following concerns from senators about a potential re-enacted budget due to leadership disputes in the House.
Topics in this story
Explore more stories about these topics.
🤖
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.
Malacañang thanked the House of Representatives for the timely approval of the 2021 General Appropriations Bill (GAB) on third and final reading during a special session.
Read more →
President Rodrigo Duterte certified the proposed P4.506-trillion national budget for 2021 as urgent, calling for a special session of Congress from October 13 to 16 to ensure continuous government operations, strengthen the COVID-19 response, and support economic recovery.
+2
Read more →
Senate Minority Leader Franklin Drilon proposed a special session from November 9 to 13 for the approval of the P4.5-trillion national budget for 2021.
Read more →
Cabinet Secretary Karlo Nograles urged the House of Representatives to convene and resume plenary deliberations on the proposed 2021 national budget, emphasizing that Filipinos cannot afford any delays due to its crucial provisions for COVID-19 response and relief.
Read more →
Senate President Vicente Sotto III stated that the Senate's priority is the swift approval of the proposed P4.5-trillion national budget, regardless of the leadership in the House of Representatives.
Read more →