Connect with us

Business and Economy

Gov’t priority set on social services, infra spending: DBM

Published

on

The Department of Budget and Management (DBM) said in a statement Friday that the proposed 2019 national budget gives priority to social services, particularly education and infrastructure projects nationwide. (Photo by Storm Crypt/Flickr, CC BY-NC-ND 2.0)

The Department of Budget and Management (DBM) said in a statement Friday that the proposed 2019 national budget gives priority to social services, particularly education and infrastructure projects nationwide. (Photo by Storm Crypt/Flickr, CC BY-NC-ND 2.0)

MANILA — The Philippine government continues to invest in areas that ensure future economic gains, such as human capital development and public infrastructure.

The Department of Budget and Management (DBM) said in a statement Friday that the proposed 2019 national budget gives priority to social services, particularly education and infrastructure projects nationwide.

Last Monday, President Rodrigo Duterte approved the proposed PHP3.757 trillion cash-based budget for 2019.

The allocation for education remains on top of the list with the proposed budget for next year set at PHP659.3 billion, 12.3 percent higher than this year’s cash-based budget of PHP587.1 billion.

The amount will be channeled to the Department of Education, Commission on Higher Education, Technical Education and Skills Development Authority, and state universities and colleges.

online pharmacy purchase inderal without prescription with best prices today in the USA

The planned cash-based spending for the Department of Public Works and Highways in 2019 also grew 68.3 percent to PHP555.7 billion from PHP330.2 billion this year.

“We are sticking to our plan of focusing on Build Build Build and social services,” Budget Secretary Benjamin Diokno said.

“These are the priorities we identified as early as the beginning of our term, and we will see to it that investments on these sectors are sustained,” Diokno added.

The government expects higher infrastructure spending to spur nationwide economic growth and towards attaining the Duterte Administration’s gross domestic product (GDP) growth target of 7 percent to 8 percent.

Boosting social services spending — particularly education, healthcare, and social protection — will likewise help the country sustain its growth momentum in the long run by having a competitive workforce.

In April, the World Bank Group noted that investments in social services and public infrastructure will not only sustain high economic growth, but will help achieve inclusive growth as poor and vulnerable families get better access to job opportunities.

Meanwhile, other departments with the highest allocation in the 2019 budget are the Department of the Interior and Local Government with PHP225.6 billion; Department of National Defense with PHP183.

online pharmacy purchase naprosyn without prescription with best prices today in the USA

4 billion; Department of Social Welfare and Development with PHP173.3 billion; and Department of Health with PHP141.4 billion.

Completing the top 10 offices with the highest budget next year are the Department of Transportation with PHP76.1 billion; Department of Agriculture with PHP49.8 billion; the Judiciary with PHP37.3 billion; and the Autonomous Region in Muslim Mindanao with PHP32.3 billion.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle1 week ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...

Lifestyle2 weeks ago

What I Know Now About Motherhood

Did you know that a mother’s cells can live in her child’s body for their entire lives? This fascinating phenomenon...

Headline1 month ago

Age with Audacity

At 25, I imagined life at 50 would mean I’d be past my prime and grumpy.  Little did I know,...

Lifestyle1 month ago

Spring Clean Your Body, Mind and Home

Spring has sprung! This season is perfect for spring cleaning, but why stop at our homes?  We can also rejuvenate...

Lifestyle2 months ago

Hear Us Roar

There is absolutely nothing wrong with a woman who wants her happily ever after. I certainly did. After 21 years...

Lifestyle3 months ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...

Headline3 months ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline4 months ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline4 months ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline5 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...