The Department of Budget and Management (DBM) is on track to submit the proposed P5.268-trillion 2023 national budget to Congress on August 22.
THE Department of Budget and Management is on track to submit the proposed P5.268-trillion 2023 national budget to Congress on August 22.
“It was just a quick breakfast meeting. We discussed the budget timelines and committed that from our end I will submit NEP [National Expenditure Program] 2023 on August 22,” Pangandaman told the BusinessMirror. Next year’s proposed national budget was higher by 4.9 percent than this year’s P5.024 trillion, but this was the lowest increase in a decade, Pangandaman earlier said. The administration’s top budget priorities for next year include education, health, social safety nets, infrastructure, and agriculture.
The Ledac serves as a consultative and advisory body to the President as the head of the national economic and planning agency for further consultations and advice on certain programs and policies essential to the realization of the goals of the national economy. It also serves as a venue to facilitate high-level policy discussions on vital issues and concerns affecting national development.
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