Abad bares 10.5% increase in proposed National Expenditure Program for fiscal year 2013

July 10, 2012 10:29 pm 

MANILA, July 10 — Budget and Management Secretary Florencio “Butch” Abad bared a 10.5 percent increase in the proposed National Expenditure Program for the fiscal year 2013 which prioritizes funding for key programs that decisively address poverty, foster inclusive economic growth and ultimately empower the people, especially the poor.

In a press release issued by the Department of Budget and Management (DBM) following his briefing with the members of the media in Malacanang on Tuesday, Abad said that the greatest share or 34.8 percent of the proposed P2.006-trillion proposed budget, equivalent to P698.4 billion has been earmarked for Social Services that will support the reduction of poverty to 16.6 percent by the year 2016. This allocation is 13.9 percent higher than the sector’s P613.4 billion budget in 2012.

The economic manager said that the allotment will support the closing of resource gaps in basic education by next year; the coverage of 5.2 million poor households under the National Health Insurance Program; the construction of at least 103,000 affordable housing units for informal settlers in danger zones for soldiers, policemen and other uniformed personnel, among others; and the coverage of 3.8 million indigent households under the Pantawid Pamilyang Pilipino Program (4Ps).

The budget also prioritizes Economic Services which will bolster the country’s bid to achieve a gross domestic product (GDP) growth of six to seven percent and to create more jobs and livelihood opportunities for the Filipino people.

With a proposed 25.5 percent or P510.9 billion share from next year’s budget pie, the sectoral allocation increased by 16.4 percent from the P439.0 billion in 2012.

The allocation will support the rehabilitation and concreting of all primary roads by 2014 and all secondary roads and bridges by the year 2016; the production of 20 million metric tons (MT) of palay to attain rice sufficiency by next year; the attainment of 5.53 million tourist arrivals by 2013 and 10 million by 2016; and the distribution of 360,000 hectares of lands under the agrarian reform by 2013. (PNA) lgi/PCOO/ssc

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