Senate set to ratify 2010 national budget on Friday

December 17, 2009 11:00 pm 

MANILA, Dec. 17 – The Senate is set to hold session on Friday to ratify the bicameral conference committee report of the proposed P1.5-trillion national budget for next year.

”We will hold session tomorrow (Friday) to approve the report made by the two panels of both the Senate and the House,” Senate President Juan Ponce Enrile said during the weekly Kapihan sa Senado media forum.

Enrile said that once the budget is ratified, it will take effect on the first day of January next year.

”After the ratification of the bicameral conference report tomorrow, the Senate session will adjourn for the Christmas break. We will return on January 18,” Enrile said.

Despite interruptions by a joint session that tackled the lifted martial law in Maguindanao, the Senate worked overtime just to pass the national budget last Monday via a 12-1 vote.

Among the contentious points raised during the bicam meeting were the P1-billion cut from the ARMM’s P10-billion budget, the recommended cut of P111 million in the judiciary and P25 million recommended cut from debt service.

"By passing the 2010 budget on time, we are expected to provide a comprehensive stimulus package for our people and the economy as a whole. This holds true since we crafted the budget and aligned it to focus on job creation, infra spending and human capital investments,” Senate committee on finance chairman Edgardo Angara said. (PNA)



Comments are closed.