You are on page 1of 5

Name: Ray Cris A.

Temario, I MAED – EDM


Subject: EdM 103
Professor: Dr. Celso G. Casamayor Jr.
Term and Date: 1st Term, February 16, 2024

ACTIVITY 1: Utilizing the documents of information regarding the 2024 National


People's Budget, write a Four - pages (4) Reflections, Insights, and
Recommendations. Each part must be of at least 1 page each.

I. REFLECTION
The national budget of the country is an essential aspect towards sustaining the

needs of the Filipino and which outlines the government's priorities, allocations, and plans

for the fiscal year. The proposed 2024 national budget of the Philippines holds particular

significance for economic, social, and infrastructural development amidst various

challenges, problems, and issues. I aim to introspect upon the important and significant

aspects of the national budget for 2024, exploring its implications, contributions, and

potential impact on the economy towards progress.

The national budget for 2024 is a thorough financial plan amounting to Php5.768

trillion that aims to meet the country's varied priorities in different sectors and

departments. It highlighted sectors such as education, healthcare, defense, social

services, and infrastructure, demonstrating the government's commitment to promote

sustainable development and inclusive improvement and growth. The budget for 2024

places a strong focus on investing in human resource capital by raising funds for

healthcare, education, and social services. The government shows that it understands

the value and importance of an equipped and healthy manpower in advancing social

welfare and economic growth by giving these industries top priority. A significant portion

of the proposed budget is also set aside for infrastructure projects, such as utilities, farm-

to-market roads, bridges, and transportation. Improving trade and commerce, increasing

connectivity, and raising the general standard of living for Filipinos especially those living

in rural areas, all depend on this investment. Aside from giving priorities on sectors such

as healthcare, education, infrastructure, and defense, it is also a commendable act of the

Philippine government to allocate funds for social services and welfare initiatives targeting

to uplift the lives and morale of the people who are the least, lost, and last. This

demonstrates the government's dedication to inclusive development, social justice, and

the reduction of poverty.


II. INSIGHT

I carefully considered the priorities of the proposed national budget for 2024, its

effects, addressed both domestic and foreign problems and challenges, and searched for

chances for country’s economic growth. The 2024 budget strikes a balance between

solving pressing socio-economic needs and dealing through economic uncertainties. The

global pandemic taught us that economic growth is not always certain, so it is important

that our government must create proactive measures to lessen the effects of various

economic challenges while promoting the resiliency and adaptability.

Economic uncertainties are a crucial role towards country’s progress. Then a

careful plan in allocating funds is necessary in accordance with the equitable needs of

the specific sector. Although I am not in the position to assess how the government

distributes funds to various sectors, I always consider the potential benefits as well as the

drawbacks. There is a commendable move on social welfare programs to combat poverty,

improve healthcare, and educate the public. These allocations of budget demonstrate a

dedication to poverty alleviation and human capital development, both of which are

essential for promoting inclusive growth, but we cannot deny the fact that there are

challenges in ensuring equitable distribution of benefits, particularly to marginalized and

vulnerable populations. Putting it in the current context, the Davao Region is currently

suffering from terrible natural disasters that have resulted in fatalities. As of February 16,

2024, MDRRMO Maco, Davao de Oro, states that there are 96 fatalities, 32 injuries, and

18 missing people. The aftermath of this natural disaster needs enough healthcare,

shelter, and food services for the evacuees to sustain their daily needs until recovery.

Without adequate mechanisms for monitoring and evaluation of the allocated funds for

unforeseen tragedies, there is a risk of resources being misallocated worsening existing

socio-economic challenges. Local Government Units must always be ready with what is

unexpected.

A portion of the budget is designated for infrastructure development, healthcare,

and education. It is good that these sectors are receiving so much attention because they

not only foster economic growth, job creation, and holistic progress, but they also address

issues with healthcare, illiteracy, and infrastructure deficiencies that limit development

and restrict access to essential services in some rural areas.


III. RECOMMENDATION

The 2024 budget represents the hope for the Philippines and its people as we

continue to tackle the challenges for progress. It's a responsible, open, and transparent

budget. We, Filipinos have an opportunity to understand about the national budget. It

allows citizens to understand how their taxes are being spent. Examining the provided

budget documents makes it easier to point out sectors which needs equitable resources

for increased efficiency such as social welfare, healthcare, infrastructure, and education.

The national budget grew 9.7% annually from Php5.268 trillion in 2023 to Php5.768

trillion in 2024, fulfilling the well-known tagline "Bagong Pilipinas." The government sets

portion with specified amount for this year's national budget because we still have hopes

of becoming a great nation. This entails that there will be increased demands for

openness, responsibility, and public involvement in the process. The 2024 national

budget is for the people then I should strongly recommend placing a strong focus on

prioritizing the needs and welfare of the people first, allocating an equitable portion to the

education, healthcare, and infrastructure sectors.

Having worked in the field of education for more than 4 years, I have to admit that

there is always room for improvement, especially in public schools. Improving access to

high-quality education is prerequisite for improving human resources and promoting

sustained economic growth. There can never be a worthwhile learning if the school

environment is not conducive for a meaningful learning process. Funds will be allocated

to improve educational infrastructure, modernize educational technologies and

resources, and trainings for teachers for professional growth. Through these government

efforts, students will be empowered and equipped given the necessary tools they need to

succeed in the real world and be prepared to face challenges. Allocating funds for courses

on entrepreneurship, innovation, and technology may also encourage creativity and

contribute to the development of a competitive workforce.

Holistic development of our country holds high hopes to the Filipinos. There will be

no productive and improved Philippines if people are not mentally and physically able.

Our government must take initiative to provide high-quality healthcare if we want to

maintain population health and productivity. The government may enhance healthcare

systems, provide access to necessary treatments, and raise the standard of care by
providing adequate funding for healthcare specially to those marginalized and vulnerable

Filipino citizens. In addition, investments in medical equipment, workforce development,

and healthcare infrastructure can not only address common health issues and reduce

healthcare inconsistencies but also enhance the capacity to effectively respond to public

health challenges, including pandemics.

I must say that external development of our country is also a top priority. I am

referring to the country’s infrastructure investments. Infrastructure has a multiplier effect

on the economy, and this is the backbone of a thriving society. Improved transportation

networks, including farm-to-market roads, bridges, and ports, reduce transportation costs,

enhance connectivity between regions, and facilitate the movement of goods and

services. This in turn encourages commerce, potential investments, and boosts economic

activity. Furthermore, as it indicates a favorable business set up, modern infrastructure

draws in international investment, supporting economic growth and generating jobs for

the Filipinos.

Improving public health outcomes and quality of life need access to basic

infrastructure, such as clean water and sanitary facilities. Rural electrification initiatives

provide light to isolated communities, empowering locals and facilitating business

ventures after dark. In addition, in the face of climate change and natural disasters,

resilient infrastructure is important for safeguarding lives and livelihoods. If our

government could allocate funds towards climate-resilient infrastructure projects, such as

flood control systems, seawalls, and resilient housing, then we can mitigate the risks

posed by extreme weather events and build a more sustainable future.

Furthermore, the government may provide the opportunities for sustainable

development, enable people to apply their full capacities, and promote inclusive growth

that benefits all sectors of society by giving top priority to resilient infrastructure, affordable

healthcare, and quality education. The people's needs and welfare are given priority in

the 2024 national budget, ensuring their overall prosperity and well-being.
IV. CONCLUSION

The data pertaining to the Philippines' 2024 national budget is important for

country’s economic progress, empowering Filipino citizens, and practicing good and

transparent government. The 2024 national budget is the hope for the Philippines as we

continue to face challenges to strive for a better country. Analyzing the allocations, goals,

and priorities of the budget, it acts as a road plan for social welfare, infrastructural

development, and economic prosperity with reasonable amounts going into different

sectors and departments to function effectively.

In my subjective opinion, equitable funding is needed for all the departments

specially to these three sectors. First, the education field, the Philippines continues to

view education as an important investment, and the 2024 national budget shows this

commitment with enough resources going toward expanding access to high-quality

education. Budget is set aside for building schools, employing teachers and non-teaching

personnel, supplying instructional resources, and improving learning environments.

Second, the healthcare sector, based on the documents of the 2024 national budget, a

Php204.6 billion is being allocated to the health sector for improving the infrastructure of

healthcare, increasing access to basic services, and strengthen manpower in this field.

Investments in healthcare not only raise a well-being population but also increase

economic productivity. Third is the infrastructure, its development has a big impact on

economic growth, which is why the 2024 budget gives investments in transportation,

energy, water, and communication infrastructure. Enhancing connectivity, facilitating

trade and commerce, and promoting regional economic activity are the goals of these

programs. Initiatives for infrastructure development also foster local economic growth and

create employment opportunities, especially in marginalized areas.

The Philippine government's commitment to improve economic development,

social welfare, and inclusive growth is reflected in the 2024 national budget. The budget

attempts to improve the lives of all Filipinos by addressing important societal needs and

making targeted investments to infrastructure, social services, healthcare, and education.

Careful planning, execution, accountability, and transparency are necessary to realize the

budget's full potential to guarantee that resources are used efficiently for the benefit of

the Filipino citizen.

You might also like