MANILA – President Aquino is expected to sign into law the 2015 National Budget before the year ends, according to a government spokesman Herminio Coloma.
He said the Palace will wait for the formal submission of the approved national budget, which will be reviewed to make sure that everything is correct.
Once it is submitted to the Office of the President, it will be prepared for Aquino to sign.
“At batay doon sa naging karanasan natin hinggil sa 2011, 2012, 2013, at 2014 budget, ito ay idinaos bago matapos ang taon at dahil dito, naisagawa ang pormal na implementasyon ng General Appropriations Act simula sa unang araw ng budget year,” he said.
“Kaya’t inaasahan natin na maisasagawa din muli ito para sa 2015 national budget para simula sa Enero 1, 2015, ay magiging ganap na epektibo na ang ating pambansang budget,” he added.
The Congress recently approved the proposed P2.6 trillion National Budget for 2015. Of the amount, close to half a trillion pesos are lump sums in the special purpose fund worth P368 billion and so-called “unprogrammed” fund amounting to P123 billion.
With more than P1.7 trillion under new appropriations, total new appropriations stand at more than P1.8 trillion. Education got the highest share of the 2015 budget, Coloma said. (Mindanao Examiner)
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