MANILA, Philippines — President Ferdinand Marcos Jr. Signed the P5.

268 trillion countrywide

price range for 2023 in a ceremony held in the Malacañan Palace on Friday. According to the
Office of the Press Secretary, Marcos signed the bicameral conference committee document
containing the consolidated versions of the 2023 General Appropriations Bill in the presence of
key management officials and leaders from each the House of Representatives and the Senate.
This spending plan is the primary complete budget of Marcos Jr.’s administration, which seeks to
place extra emphasis on agriculture. He assumed the presidency closing June 30. Deliberations
on the 2023 price range notion inside the House and the Senate noticed the elimination and
eventual healing of debatable personal and intelligence budget (CIFs) of the Department of
Education (DepEd) and Office of the Vice President (OVP) – each being helmed by way of Sara
Duterte – by way of the bicameral conference committee. READ: Education receives P852-B in
proposed 2023 price range; allocation for agri rises with the aid of 39.2% At the Senate, the
proposed P150 million CIF of DepEd was slashed to just P30 million. But the unique amount
changed into reinstated during the bicameral convention committee discussions. In beyond
administrations, lawmakers had referred to DepEd and OVP did no longer have CIFs. Also,
during deliberations of the bicameral conference committee, the P10 billion budget of the
National Task Force to End Local Communist Armed Conflict for 2023 turned into restored
although lawmakers questioned the low accomplishment fee of the authorities’s anti-insurgency
task pressure. The bicameral conference committee realigned round P70 billion in the 2023
national budget. READ: Bicam approves consolidated version of proposed 2023 price range
Budget amendments for the duration of the bicameral convention committee also blanketed the
Philippine Health Insurance Corporation allocations, unfastened transportation rides or “Libreng
Sakay,” and social useful resource. In a briefing on Wednesday, Budget Secretary Amenah
Pangandaman said they anticipate the President to without delay veto two to a few objects inside
the 2023 countrywide budget.