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House starts deliberations on proposed P6.35 trillion national budget for 2025
The House of Representatives commenced deliberations on the proposed P6.352-trillion National Expenditure Program (NEP) for 2025 on August 5.
Speaker Martin Romualdez stated that the budget should improve the quality of life for Filipinos, especially the poor, by ensuring they feel the tangible benefits of economic achievements.
The initial session included presentations from the President's economic team: Budget Secretary Amenah Pangandaman, Finance Secretary Ralph Recto, NEDA Secretary Arsenio Balisacan, and BSP Governor Eli Remolona Jr.
Romualdez emphasized a collective rise, stating, 'Sabay-sabay ang pag-angat. Walang mahuhuli. Walang maiiwan.'
The proposed 2025 NEP is a 10 percent increase from the P5.768 trillion budget approved for 2024.
Finance Secretary Ralph Recto indicated that the country is on track to meet its medium-term fiscal program goals, which include deficit reduction, job creation, income increase, and poverty reduction.
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The Department of Budget and Management (DBM) has submitted the proposed P6.235 trillion National Expenditure Program (NEP) for 2025 to both the Senate and the House of Representatives.
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President Ferdinand Marcos Jr. received a copy of the proposed P6.352 trillion National Expenditure Program (NEP) for 2025 from Budget Secretary Amenah Pangandaman.
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The Department of Budget and Management (DBM) submitted the proposed P6.352-trillion national budget for 2025 to the House of Representatives.
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