Articles worth reading
House Speaker Martin Romualdez

Romualdez encourages US investors to invest in PH

account_balanceMetro Manila access_time4 days ago

House Speaker Martin Romualdez has assured the United States business community that the Philippines is very ripe for more investments, saying that Filipino lawmakers have been exerting efforts to ease doing business in the Philippines, according to ...

President Ferdinand

Marcos visits New York Stock Exchange

account_balanceMetro Manila access_time4 days ago

President Ferdinand "Bongbong" Marcos Jr. addressed the New York Stock Exchange on Tuesday (PHT) with much optimism that the Philippines and United States will work to build a stronger economic relationship during his term, according to a r...

Best mini-series for the weekend

account_balanceMetro Manila access_time5 days ago

Let's take a look at the most exciting and popular mini-series that are sure to brighten up your leisure time. Mini-series are rapidly gaining popularity, and the creators try to keep the rich plot as concisely as possible in a few episodes so t...

Caloocan News

Bill extends 2021 budget's validity until December 2022 

account_balanceCaloocan News account_circleSarah Lim chat_bubble_outline0 Comments

The House of Representatives approved on second reading a proposal that would extend the availability of the 2021 national budget until December next year, according to a report by Philippine News Agency.

The lower chamber approved through voice voting House Bill 10373, authored by ACT-CIS Party-list Rep. Eric Go Yap, that would amend Section 62 of the General Provisions of Republic Act 11518 or the General Appropriations Act (GAA) of Fiscal Year 2021.

The proposed amendment would extend the availability of the 2021 appropriations until Dec. 31, 2022.

Advertisement

Yap said the coronavirus pandemic curbed the opportunities for socio-economic growth and development.

He also noted that it brought "disruptions" in the operations of government, which then caused delays in the release and issuances of budget allocations.

"Nearing the end of the year, there are still programs, projects, activities funded by the 2021 GAA that are very much needed by the Filipino people, especially those in the most vulnerable sector," he said.

He said extending the availability of this year's budget would allow the agencies to fully utilize the allocations to implement government programs and projects and to ensure that the intended beneficiaries of these basic services are reached.

The 2021 national budget, he said, would strengthen the country's response against the pandemic, as well as boost economic recovery.

“The GAA of 2021 centers on the philosophy that more than our priorities for a responsive and dynamic governance, the focus of our resources shall also be directed to the most urgent priority – to reset our momentum and action, rebound from the devastating effects of the pandemic on the health and economy and fully recover from current and continuing impacts of the crisis,” Yap said. 


date_rangeDate Published
10 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Photo Courtesy of Caloocan City District 1 Councilor Enteng Malapitan

500 Caloocan students get cash assistance

account_balanceCaloocan chrome_reader_mode4 days ago

Around 500 first year college students from the University of Caloocan City (UCC) Camarin Campus received P2,000 educational cash assistance from the office of Caloocan City District 1 Rep. Oscar “Oca” Malapitan on Sept. 20, accordin...

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature