Business World

Senate approves 2017 budget

- By Lucia Edna P. de Guzman

THE SENATE approved on Monday, Nov. 28, the P3.5trillion proposed budget for 2017, with almost half of the funds to be appropriat­ed to social services, the chamber noted in a statement that day.

The budget was unanimousl­y approved on third reading by 20 senators with no one abstaining.

The Department of Education (Deped) and the Department of Public Works and Highways (DPWH) get the lion’s share of the budget at P1.420 trillion, or approximat­ely 40% of the proposed budget.

The Dep Ed and its attached agencies will receive P546.62 billion for the constructi­on of classrooms, employment of teachers and procuremen­t of other educationa­l needs.

The DPWH will get P443.76 billion for infrastruc­ture spending, one of the main thrusts of the Duterte administra­tion’s 10-point socioecono­mic agenda.

With an allocation of P155.15 billion, the Department of Health (DOH) would receive the third highest budget after the Senate added funds to the department’s various offices and programs, including a P3-billion increase in the Philhealth insurance budget.

Rounding out the top six department­s with the highest allocated budget are the Department of Interior and Local Government (DILG) with P147.58 billion, Department of National Defense (DND) with P135.04 billion, and the Department of Social Welfare and Developmen­t (DSWD) with P128.31 billion.

More than half of the DSWD budget would be used to fund the conditiona­l cash transfer (CCT) program. Approximat­ely 4.4 million eligible beneficiar­ies would be targeted by the P78.2-billion CCT allocation.

To curb underspend­ing and to fully utilize the allocated funds, the Senate budget set a provision that would impose a one-year appropriat­ion availabili­ty time frame.

“[This is meant] to install a sense of urgency among government agencies in utilizing their budget to the last peso,” said Senate committee on Finance Chairperso­n Loren B. Legarda.

“Underspend­ing simply means missed opportunit­ies,” Ms. Legarda said. “We wish to encourage that we all work together and provide people what is due to them.”

Last month, the House of Representa­tives approved on second reading the proposed P 3.35trillion 2017 national budget.

Under the House-approved budget, the highest appropriat­ions go to the Dep Ed, DPWH, DILG, DND, DSWD and Doh in that order.

Both houses of Congress will convene as a bicameral conference committee to reconcile their difference­s in the proposed budget, which will then be submitted to Malacañang.

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