Palace lauds Senate passage of Php3-T nat’l budget for 2016

MANILA, Nov. 27 (PNA) — Malacanang on Friday lauded the passage of the proposed Php3.002-trillion national budget for next year from the Senate, calling the initiative an important step in executing the principle of good governance.

President Communications Operations Office (PCOO) Secretary Herminio Coloma Jr. said its final approval is a crucial step towards timely implementation of the national budget on the first day of 2016, same that happened during the last five years.

“Tiyak na ikinagagalak ng mga Boss –ang sambayanang Pilipino– and kanilang nasasaksihang pagtutulungan ng Legislatura at Ehekutibo upang pairalin ang prinsipyo ng mabuting pamamahala,” he said in a statement.

With 14 affirmative votes and one negative vote, the Senate on Thursday night approved on third and final reading the proposed Php3.002-trillion national budget for 2016 with some major amendments, including the Php10.78-billion augmentation to the Department of National Defense’s budget.

Of the total, Php1.106 trillion or 36.8 percent will be earmarked for social services, followed by economic services with Php829.6 billion or 27.6 percent, general public services with Php517.9 billion or 17.3 percent, debt burden with Php419.3 billion and defense with Php129.1 billion. (PNA)