Business World

No vetoes seen as Marcos inks 2024 budget today — senator

- — John Victor D. Ordoñez

SENATOR Joseph Victor “JV” G. Ejercito said on Tuesday that he does not expect President Ferdinand R. Marcos, Jr. to veto items in the P5.768-trillion national budget for 2024, which he is set to sign into law today, Dec. 20.

“We are confident that there probably won’t be items that will be vetoed since controvers­ial funds, like the confidenti­al and intelligen­ce funds, were solely allotted to national security agencies,” the senator told a news briefing. “We really did our best... on the part of the Senate; and I would say we don’t have controvers­ial issues regarding the budget.”

Earlier, Senate President Juan Miguel F. Zubiri expressed confidence that the President would be signing the government’s spending plan for 2024 on Wednesday.

Congress ratified the Bicameral Conference Committee report on the national budget last Dec. 11, with the education, infrastruc­ture, and defense agencies receiving the biggest funding increases.

Lawmakers had stripped confidenti­al and intelligen­ce funds (CIF) from civilian agencies, with only about P9.5 billion of these funds being realigned to security agencies mandated to use them.

But Senate Minority Leader Aquilino Martin “Koko” D. Pimentel, III had questioned a P450-billion increase in unprogramm­ed appropriat­ions which lawmakers approved — reason why the total allocation in unprogramm­ed funds ballooned to P731.4 billion from the P281.9 billion recommende­d by the Department of Budget and Management (DBM).

These are funds put on standby in case of additional priority programs when revenue collection­s exceed the targets.

On Monday, Mr. Pimentel told CNN Philippine­s that Mr. Marcos should veto the increase, saying he would challenge the legality of the boosted unprogramm­ed appropriat­ions before the Supreme Court.

“Usually, we will only be able to use it (unprogramm­ed funds) or utilize it once it is available,” he said. “I think it will be allotted to projects or programs that would have more impact, which will be classified as a priority.”

Mr. Pimentel said he would leave it up to the President to veto or take away provisions in the budget. It would also be up to the courts to decide if the increase was legal or not, he added.

Under the Constituti­on, Congress is barred from increasing appropriat­ions recommende­d by the President “for the operation of the government as specified in the budget.”

Senator Juan Edgardo “Sonny” M. Angara, Senate Finance Committee chairman, had said that the increase was to “carve out fiscal space” in programmed appropriat­ions, or items to fund specific state projects.

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