President Ferdinand “Bongbong” Marcos Jr. will sign the P6.352-trillion proposed national budget for next year on December 30, 2024, according to Presidential Communications Office acting Secretary Cesar Chavez on Tuesday.
“Signing on 30 December 2024 after the Rizal Day program in Manila,” Chavez told Palace reporters.
Marcos was supposed to sign the P6.352-trillion national budget plan for next year on December 20.
However, Executive Secretary Lucas Bersamin said it did not push through to allow for a rigorous and exhaustive review of the measure.
Bersamin had said that Marcos was consulting with the heads of major departments for the budget.
Marcos earlier expressed optimism that the budget will be signed before the end of the year.
The Senate and the House of Representatives earlier ratified the bicameral conference committee report on the GAB, which retained the P733-million budget of the Office of the Vice President; reduced the budget of the Department of Education by P10 billion; and allocated P26 billion for the Ayuda para sa Kapos and Kita Program (AKAP).
EXPLAINER: How the President’s veto works on the national budget
Under the Constitution, the President could veto provisions of the budget bill. — VDV, GMA Integrated News
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