VOTING 289 against three, the House of Representatives on Wednesday night approved on third and final reading the P5.268 trillion proposed national budget for 2023.
The approval of House Bill (HB) No. 4488 or the General Appropriations Bill (GAB) on 2nd and 3rd reading on the same day was made possible by a certification of President Ferdinand “Bongbong” Marcos, Jr. for the urgent passage of the proposed budget for next year.
Speaker Martin G. Romualdez lauded his colleagues for their valuable contributions in the swift passage of GAB and in ensuring that every centavo is spent wisely to implement the programs of the Marcos administration aimed at revitalizing the country’s economy amid the lingering ill-effects of the coronavirus pandemic.
“The expeditious passage of the proposed 2023 budget is the product of the collective effort of the entire House, in transparent and open proceedings where the majority accorded ample opportunity for the constructive inputs of our friends from the minority bloc,” Romualdez said.
He said the House-approved budget for 2023 remains consistent with the 8-point socio-economic agenda of the Marcos administration to achieve sustainable growth.
President Marcos called for the swift passage of the proposed 2023 budget “in order to address the need to maintain continuous government operations following the end of current fiscal year, strengthen efforts to respond more effectively to the COVID-19 pandemic, and support initiatives towards national economic recovery.”
With the approval of GAB on third and final reading on Wednesday, the House met its self-imposed deadline to terminate the deliberations on the proposed 2023 budget prior to the adjournment of session from October 1 until November 6, 2022.
It took the House of Representatives barely six weeks to approve the GAB, from the time the Department of Budget and Management (DBM) submitted the National Expenditure Program (NEP) on August 22, 2022.
Likewise, Romualdez acknowledged the crucial role of House Majority Leader and Rules Committee chair Manuel Jose M. Dalipe, Ako Bicol Party-list Rep. Zaldy Co, chairman of the House Committee on Appropriations, and senior vice chairperson of the House committee on appropriations and Marikina City Rep. Stella Luz Quimbo in spearheading the passage of the 2023 budget, including the deputies and various team that managed the flow of deliberations in the plenary.
Earlier, the administration’s economic team had pointed out that the goal of the Marcos administration seeks to achieve 6.5 to 8.0 percent real Gross Domestic Product (GDP) growth annually between 2023 to 2028 in order to attain a single-digit or 9.0 percent poverty rate by 2028.
Pursuant to such goal, the P5.268 Trillion NEP submitted by the DBM is 4.9 percent higher than the 2022 budget and puts top priority on education, infrastructure development, health, agriculture and social safety nets.
