QUEZON CITY, Philippines (Eagle News) — We are talking about trillions of pesos. That enormous amount of money is what is needed to keep the Philippines running.
With a vote of 233-9, the House of Representatives on third and final reading approved on Tuesday, September 26, the proposed P3.767-trillion national budget for 2018.
The House Bill 6215 or the 2018 General Appropriations Bill includes funding for the Duterte Administration’s “Build, Build, Build” program as well as the funds to be used for free higher education.
It also contained the P40 billion allocation for the government’s free tertiary education program.
In the second part of our two-part infographics special on the national budget, we now go into the process of how the government comes up with it after carefully considering the various factors that we shared in the first part of the series.
Now, we go into the actual steps of coming up with the budget. For the sake of simplicity, the process has been divided into four broad phases in managing the national budget.
With this, you’ll get a glimpse of the effort and details that go into coming up with a national budget that will be responsive to the needs of the people and at the same time, sufficient enough to achieve the government’s goals and targets.
Can’t see the Infographics?
Click here: The Philippine National Budget – learn the basics! (Part 2)
Also check out Part 1 of this infographic series on the National Budget.