{"id":206251,"date":"2019-03-11T23:24:07","date_gmt":"2019-03-12T03:24:07","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=206251"},"modified":"2019-03-12T05:00:28","modified_gmt":"2019-03-12T09:00:28","slug":"reenacted-budget-will-decrease-ph-growth-rate-duterte","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/03\/11\/reenacted-budget-will-decrease-ph-growth-rate-duterte\/","title":{"rendered":"Reenacted budget will decrease PH growth rate: Duterte"},"content":{"rendered":"
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FILE: President Rodrigo Roa Duterte delivers his speech during the 1st National Assembly of the Liga ng mga Barangay sa Pilipinas at the SMX Convention Center in Pasay City on February 25, 2019. RICHARD MADELO\/PRESIDENTIAL PHOTO<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— If the Philippine government continues to operate on a reenacted budget, the country\u2019s growth rate will take a blow, President Rodrigo R. Duterte said on Monday night.<\/p>\n

Duterte made this remark warning that all Filipinos will suffer from declining gross domestic product (GDP) rate if delays in the approval of the proposed PHP3.757-trillion national budget will be prolonged.<\/p>\n

He pointed out that even law enforcement authorities will suffer under a reenacted budget.<\/p>\n

\u201cMagkaron tayo ng<\/em>\u00a0slide\u00a0sa<\/em>\u00a0GDP\u00a0niyan<\/em>\u00a0(We\u2019re going to have a slide in GDP) if we are going to reenact the budget everyone will suffer including the law enforcement,\u201d Duterte said during the awarding ceremony for the Outstanding Women in Law Enforcement and National Security of the Philippines at the Heroes Hall in Malaca\u00f1an Palace.<\/p>\n

\u201cIt will decrease our GDP.\u00a0Alam ninyo \u2018yan e wala tayong pera panggastos<\/em>\u00a0to move one (You know, we won\u2019t have money to move on). It\u2019s everyday income that we expect so\u00a0\u2018yun ang pinagdedebatihan<\/em>\u00a0(it\u2019s being debated on), he added.<\/p>\n

Congress has yet to transmit the General Appropriations Bill (GAB) for 2019 to the President due to a budget impasse between the two houses of Congress.<\/p>\n

Senate President Vicente Sotto III said he will not sign an enrolled copy of the budget bill for the President\u2019s signature if the lower chamber insists on its amendments.<\/p>\n

Duterte acknowledged ongoing debates between the two houses and insisted that he would not sign \u201can illegal document.\u201d<\/p>\n

It was not clear whether Duterte was referring to the GAB for 2019.<\/p>\n

\u201cNakadebate pa sila ngayon sa<\/em>\u00a0budget.\u00a0Sabi ko<\/em>\u00a0(They\u2019re still debating on the budget), I said my piece I will not sign anything that would be an illegal document,\u201d Duterte said.<\/p>\n

Presidential Spokesperson Salvador Panelo said that although he is confident that Congress would eventually agree on the budget bill, he hopes the government would no longer have to operate on a reenacted budget until August.<\/p>\n

\u201cI\u2019m sure they will be agreeing eventually\u00a0kung ano iyong dapat nilang gawin<\/em>\u00a0(what they need to do). All of them naman are concerned about the welfare of the country,\u201d Panelo said.<\/p>\n

Panelo also reiterated that the President will exercise his power to veto the GAB if he feels that indeed the 2019 budget to be given to him does not conform to the Constitution.<\/p>\n

Earlier, Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Director General Ernesto Pernia warned that Philippines GDP may fall below 6 percent this year if the approval of the 2019 budget continues to be delayed.<\/p>\n

Economic managers have set a growth target between 7 and 8 percent from 2019 to 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— If the Philippine government continues to operate on a reenacted budget, the country\u2019s growth rate will take a blow, …<\/p>\n","protected":false},"author":44,"featured_media":204015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[],"class_list":["post-206251","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","mauthors-azer-parrocha","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/206251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=206251"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/206251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/204015"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=206251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=206251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=206251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}