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After Marcos veto of P200-B items, Palace confident 2025 budget law can pass legal test

Business Mirror LogoBusiness Mirror1w ago

After Marcos veto of P200-B items, Palace confident 2025 budget law can pass legal test - Business Mirror

Quick Summary:

AFTER President Ferdinand Marcos Jr.directly vetoed almost P200 billion worth of items from Republic Act (RA) No.12116 or the 2025 General Appropriations Act (GAA), Malacañang said it is now confident that the final version of the P6.326-trillion national budget next year will pass legal scrutiny.

Marcos earlier said he wants to increase the budget of DepEd for next year after Congress reduced its budget by P12 billion, since it can affect the agency’s computerization initiatives.

He attributed the projected 16.7-percent revenue increase this year — the highest in the last 27 years – to emerging land tax revenues, which will reach P606.6 billion and the hard work of the Bureau of Internal Revenue, the Bureau of Customs, the Bureau of the Treasury, our privatization team and government-owned and controlled corporations (GOCC).Samuel Raphael P.


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Article Details

Author / Journalist: Samuel P. Medenilla

Category: BusinessStartups

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-30 @ 09:17:30 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1507 words

Reading Time: 9 minutes read

Sentences: 45 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24735904

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 24 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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