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The House Committee on Credits has confirmed that President Gloria M. Arroyo has transmitted the National Program of Expenditures (NEP) in time for the budget hearings beginning Tuesday.
"The Office of the President has officially forwarded (the budget) to the Credits Committee, so we can begin our hearings Tuesday," Chairman of the Karlo Committee Alexei B. Nograles told BusinessWorld in a telephone interview on Saturday
million. Nograles also said that "social services" and "infrastructure" will be the priority of the General Appropriations Act (GAA) of 2019.
In the NEP, the education sector l & # Highest allocation with 659.3 billion pesos, followed by infrastructure with 555.7 billion pesos, and domestic and local administration with 25.6 billion pesos.
The first area to be examined is the Development Budget Coordination Committee. e (DBCC) which will review the proposed budgets of the Department of Budget and Management, the National Authority for Economic Affairs and Development, the Department of Finance and Bangko Sentral nil Pilipinas, said Mr. Nograles in a statement released Sunday
. President Jose Ma. Clemente S. Salceda said that he was waiting for "revenue forecasts and underlying assumptions and macroeconomic framework."
Dakila Carlo E. Cua, president of Ways and Means, said the DBCC's economic forecast is "the most critical". ] After DBCC, the Credit Committee will review the proposed Philippine philanthropic philanthropy office (PCSO), Philippine Amusement and Gaming Corp. (PAGCOR), and the Ministry of Agriculture (DA) among others. – Charmaine A. Tadalan
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