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MOTA BSA-III
President Benigno Aquino III on Tuesday, December 22, signed into law the P3.002 trillion
national budget for 2016.
double the first budget that Aquino passed in 2010, which was P1.645 trillion. It is also the 6th
and last budget to be passed under the current administration.
2016 Department of budget and management (DBM) secretary Florencio Abad said that 2016
GAA is higher by P396 billion or 15.2% than the P2.606-trillion 2014 national budget.
64% will be spent on social and economic services.
FY 2016 FY 2016