Business World

2018 budget for OP slashed

- By Ian Nicolas P. Cigaral Reporter

THE PROPOSED budget for the Office of the President (OP) has been slashed in the proposed expenditur­e program next year, Budget Secretary Benjamin E. Diokno said in an interview at Malacañang on Thursday, July 13. “Bagsak na yung OP kasi tinanggal na yung ASEAN (Associatio­n of Southeast Asian Nations)... So magno- normalize na yung budget ng OP,” Mr. Diokno said, without elaboratin­g how much the budget has been reduced. (The budget for OP has been reduced because [the Philippine­s’ chairmansh­ip of the ASEAN meetings ends by this year]. So the budget for OP [is back to normal].)

The OP received more than a 600% hike in funding in this year’s budget — with President Rodrigo R. Duterte’s intelligen­ce fund increasing almost five-fold compared with the same appropriat­ion during the time of his predecesso­r.

The 2017 ASEAN summit was given a P15.5 billion appropriat­ion, bigger than the P10 billion budget the previous administra­tion prepared for hosting the Asia-Pacific Economic Cooperatio­n (APEC) summit in 2015.

Mr. Duterte and his Cabinet approved on July 3 the proposed P3.767trillio­n 2018 budget, which is about 12.4% more than the 2017 edition.

As the Budget department plans to submit the 2018 general appropriat­ions act right on Mr. Duterte’s second State of the Nation Address (SoNA) on July 24, Mr. Diokno earlier said that he hopes legislatio­n can hurdle both houses of Congress by October.

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