MANILA, Philippines — The House of Representatives submitted to the Senate House Bill 10800, or the General Appropriations Bill (GAB), containing the proposed P6.352-trillion national budget for 2025.
The House approved the budget bill on the third and final reading on Sept. 25, 2024
The bill was approved on the second and third reading the same day after President Ferdinand Marcos Jr. declared it urgent.
Marcos, in his letter, sent on September 23 to Senate President Francis Escudero and Speaker Ferdinand Martin Romualdez, urged lawmakers to fast-track the passage of the 2025 GAB “to ensure the uninterrupted operation of critical government functions, guarantee allocation of fiscal resources for vital initiatives, and enable the government to respond to emerging challenges adeptly.”
The proposed budget amounts to 22 percent of the country’s gross domestic product (GDP), a 10.1 percent increase from this year’s P5.768 trillion budget.
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