On Friday, the Philippines’ smaller parliamentary chamber approved the 2021 budget after a leader dispute that nearly derailed discussions on the spending plan to help the economics of the coronavirus pandemic.
The record budget bill of 4. 5 trillion pesos ($92. 5 bill), approved through 257 lawmakers with six votes against, now goes to the Senate for hearings.
A joint congressional consultation will then finalize the spending program before it is signed through President Rodrigo Duterte, who convened a special congressional consultation of parliament last week for budget hearings.
Duterte’s allies dominate the chambers of Congress.
The ministries of Education, Public Works and Interior pocketed the maximum budget at 754 billion pesos, 667 billion pesos and 246 billion pesos, respectively.
The Philippine fire-killer leader had suggested lawmakers decide on a leadership dispute that threatened to delay the approval of next year’s budget, something Duterte cannot do as he nears the end of his only six-year term. The house on Tuesday.
The Philippine economy is one of the highest dynamics in Asia before the recession-hit pandemic and millions of jobless Filipinos. The World Bank expects the Philippine economy to contract by 6. 9% this year, the biggest decline since the 1980s and worse than that of the government. forecast of 5. 5%.
“Next year’s budget asks us to strike a balance by offering fiscal stimulus for economic recovery while controlling the spread and mitigating the effects of COVID-19,” House President Lord Allan Velasco said in a final speech at the four-day special session.
Lawmakers also approved an invoice that gives Duterte special powers to oppose bureaucracy in national emergencies such as the pandemic, allowing Duterte to boost project licensing as key infrastructure systems essential to stimulate the economy and attract investors.
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