OVP proposes P713.41 million budget for 2022

Vice President Leni Robredo's office is proposing a P713.41-million budget for 2022, which includes the government's share in retirement and life insurance premiums.

The Office of the Vice President (OVP) initially requested P703.56 million, but the Department of Budget and Management (DBM) recommended a ceiling of P702.04 million.

This ceiling is consistent with the proposed P5.024-trillion National Expenditure Program (NEP) for 2022, which Congress is currently reviewing.

Legislators have already approved the OVP's proposed budget in 2022, with allies intending to push for an increase to at least P1 billion during plenary debates.

The OVP's proposed budget is a decrease from its P900-million allocation this year.

The DBM sets budget ceilings based on an agency's capacity to fully utilize its funds annually.

The OVP's organizational outcome for the 2022 budget is to "enhanced strategic partnership and advocacy in good governance."

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