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[Economics] Marcos, aides still fixing ‘suboptimal’ nat’l budget


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Marcos-12December2024-2048x1152.thumb.jpg.281b5a331e71a20458e188b3fd4311b8.jpg

The article "Marcos, aides still fixing ‘suboptimal’ nat’l budget" highlights the ongoing efforts of President Ferdinand Marcos Jr. to rectify the 2025 national budget, which he deems "suboptimal" following its passage by Congress. The budget, initially proposed at P6.523 trillion, was reduced to P6.236 trillion after President Marcos vetoed P194.3 billion in line items, primarily targeting the Department of Public Works and Highways (DPWH) and unprogrammed appropriations. However, the budget that emerged from Congress still faced criticism for its allocation, with key sectors like education, health, and social welfare experiencing significant cuts. President Marcos, recognizing the shortcomings of the approved budget, is actively working to restore funding for critical programs and projects. He has convened meetings with officials from various departments, including the Department of Education (DepEd), Department of Health (DOH), and Department of Social Welfare and Development (DSWD), to review their respective budgets and identify areas for augmentation. The President has also directed officials to explore ways to utilize savings from other areas to fund these essential services. The article highlights the specific challenges faced by key departments due to budget cuts. DepEd, for instance, saw a reduction in funding for teacher positions, computerization programs, and school facilities, potentially exacerbating the teacher shortage and hindering the delivery of quality education. The Technical Education and Skills Development Authority (TESDA) also experienced cuts, impacting the implementation of crucial training programs. President Marcos's efforts to rectify these issues are crucial for ensuring that vital government services are adequately funded and that the country's development priorities are met.

https://newsinfo.inquirer.net/2025867/marcos-aides-still-fixing-suboptimal-natl-budget

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