Speaker Belmonte leads House members in receivingP2.606-Trillion proposed 2015 national budget rom !B"
Speaker Feliciano Belmonte, Jr. today led leaders and members of the House of Representatives in receiving the printed copy of the P.!"!#trillion proposed national budget for "$% from Budget Secretary Florencio &bad, as he vo'ed (ongress 'ouldscrutini)e the appropriations measure 'ell 'hile ensuring its timely passage this year.*he Speaker said a salient feature of the "$% proposed budget is that it is devoid of Priority +evelopment &ssistance Fund P+&F- allocations./t does not contain P+&F. *here is no post budget identification of pro0ects ## nosuch thing in the proposed "$% national budget,1 said the Speaker.*he budget submission ceremony 'as 'itnessed by 2a0ority 3eader 4eptali5on)ales //, 2inority 3eader Ronaldo 6amora, members of the &ppropriations(ommittee led by its chairman Rep. /sidro 7ngab 8
+istrict, +avao (ity-, Houseofficials, civil society groups, and +B2 officials.7ngab said the (ommittee on &ppropriations 'ill immediately start the budgethearings on 9ednesday, &ugust !.9e still have to study the 4ational :;penditures Program 4:P-. 9e 'illimmediately start the budget hearings ne;t 'eek,1 7ngab said.&bad said the submission of the proposed P.!"! trillion proposed budget is infulfillment of the &<uino administration=s commitment to further facilitate rapid,inclusive, and sustainable gro'th in the country.&bad said the "$% proposed budget is $%.$ percent higher from the current year=sP.!%#trillion budget, representing $>.? percent of the country=s 5ross +omestic Product5+P- and reflecting the 0ump in the &dministration=s gro'th assumption of @." to >." percent for "$%.Aur proposed spending program is an e;pression of the President=s unerringcommitment to bring inclusive socio#economic development to the people. /n "$$, 'estarted our budget reform agenda from the 0ump#off point of good governance, 'ith theend goal of lifting more Filipinos out of poverty,1 said &bad.*he challenge no' is to make public spending even more efficient and effective,especially in the 'ake of the previous year=s calamities. *housands of Filipinos are stillrecovering from the effects of Super *yphoon olanda and other disasters that struck the
NR # 3543CJULY 30, 2014