NewsLine Philippines

Building Information Highway for the Community

Duterte signs P3.767-trillion 2018 national budget

by 5 Comments

MANILA, Philippines — President Rodrigo Duterte  on Tuesday, December 19, signed into law the General Appropriations Act (GAA) contaning the P3.767-trillion 2018 budget.

In his speech during the ceremonial signing, Duterte described the bill as the “Biggest Christmas gifts for the Filipino people” as it contained the budgets for the administration’s infrastructure program, free tertiary education, free irrigation, among others.

This is the second under his administration.

Duterte signed Republic Act (RA) No. 10964 alongside the Tax Reform for Acceleration and Inclusion (TRAIN) Act or RA No. 10963.

The budget is described as “a budget that reforms and transforms”.

The 2018 budget represents Duterte’s nationwide infrastructure develoment program which features his ‘Build, Build, Build” agenda.

The 3.767-trillion budget is the Philippines’ largest budget to date, 12.4% higher than the 2017 national budget and 25.5% higher than the 2016 budget; it amounts to 21.6 percent of GDP.

The Department of Budget and Management stated that the budget will support the government’s objectives of achieving robust and inclusive growth of 7 to 8 percent in 2018.

The national budget spells the government’s appropriations for the next calendar year which was approved by the Senate and the Congress.

Members of the Finance Committee of the Senate led by Senate President Aquilino “Koko” Pimentel and the Congress led by House Speaker Pantaleon Alvarez were present during the
ceremonial signing.-Editha Z. Caduaya/Newsline.ph

About Editha Z. Caduaya

Edith Z Caduaya studied Bachelor of Science in Development Communication at the University of Southern Mindanao.

The chairperson of Mindanao Independent Press Council (MIPC) Inc.

Reader Interactions

Comments

  1. Gilbert says

    I’m extremely inspired with your writing abilities and also with the structure on your weblog. Is that this a paid subject matter or did you customize it your self? Anyway keep up the excellent quality writing, it is uncommon to peer a great weblog like this one these days. I like newsline.ph ! Mine is: TikTok Algorithm

    Reply

  2. Clotilde says

    Hello! Do you know if they make any plugins to assist with Search Engine Optimization? I’m
    trying to get my website to rank for some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Appreciate it!
    I saw similar text here: Code of destiny

    Reply

  3. snaptik says

    I was more than happy to uncover this site. I want to to thank you for your time due to this wonderful read!! I definitely loved every little bit of it and i also have you book marked to check out new information on your site.

    Reply

  4. blankets says

    Good day! Do you know if they make any plugins to assist with Search
    Engine Optimization? I’m trying to get my site
    to rank for some targeted keywords but I’m not seeing very good gains.
    If you know of any please share. Thanks! I saw similar text here: Eco bij

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *