Beng elated over early 2012 budget approval PDF Print E-mail
Wednesday, 21 September 2011 16:49

House Deputy Speaker Beng Climaco has expressed elation over the early approval of the P1.816-Trillion General Appropriations Act for 2012 stressing that this will pave the way for the Aquino administration to effectively implement its priority programs.

Climaco said this, as the House approved the proposed budget “grounded on the realities of the national and global economy” before midnight last Friday after weeks of extended committee work and nine days of marathon plenary sessions.

Climaco, who presided over the 2012 budget plenary in the House of Representatives, stressed that the early approval of the budget will aid the Aquino administration in implementing its priority programs that include transparent, accountable and participatory governance; poverty reduction and empowerment of the poor and vulnerable; rapid, inclusive and sustained economic growth; and just and lasting peace and the rule of law; and integrity of the environment and climate change adaptation and mitigation.

In order to accomplish the plans he has set out to do, President Aquino requires the collaboration of the other officials especially the House of Representatives and the Senate, she said.

In a press statement, House Speaker Feliciano Belmonte said Congress crafted the budget “aware of both the potential and limits of our present national economy. This is a collective fulfillment of our commitment to the Filipino people.”

The 2012 budget, Belmonte said was done “by legislators with eyes wide open to both the potential and threats that our economy might face in the coming year.”
The House Speaker lauded the entire membership, citing Chairman Joseph Emilio Abaya and members of the sponsoring House Committee on Appropriations for their dedication and hard work, the six deputy Speakers —Reps. Raul Daza; Lorenzo Tanada III; Pablo Garcia; Arnulfo Fuentebella; Jesus Crispin Remulla and Ma. Isabelle Climaco, who took turns in presiding over the plenary debates, and the Majority Leader, Rep. Neptali Gonzales, and his deputies who steered the back-breaking sessions judiciously.

Based on the approved budget, the Department of Education gets the biggest slice of P238.8 billion or 15.2% higher than the current budget of P207.3 billion, at second is the DPWH at P125.5-billion, followed by the Dept. of National Defense with P107.9 billion, then the DILG with P101.4 billion and the Department of Agriculture with P54.1 billion, among other agencies.

By sector, Social Services will get the bulk of the spending pie with P575.8 billion or 31.7% of the entire GAA. Economic Services is at second with P438.9 billion (24.2% of GAA) which shows the largest growth of 21.3%. Debt service comes at third with P356.1 billion (the debt burden is three (3) percentage points lower than 2011); General Public Service P332,1 billion and Defense at P113.1 billion.

Of the proposed new general appropriations of P1.254 trillion, P1.092 trillion is the so-called programmed appropriations and P162 billion is unprogrammed or standby appropriations should additional or new revenues and project loans come in, while the total automatic appropriations amounts to P723.6 billion. — Marvin Segura