THE House of Representatives and the Senate are eyeing the passage on third and final reading of the proposed laws seeking to postpone the barangay and Sangguniang Kabataan elections (BSKE) and the registration of all postpaid and prepaid mobile phone subscriber identity module (SIM) cards by October 1, House Majority Leader Manuel Jose “Mannix” Dalipe said Friday.
House of Representaive
Heads of economic agencies comprising the Development Budget Coordinating Committee or DBCC - Department of Budget and Management (DBM), Department of Finance (DOF), Bangko Sentral ng Pilipinas (BSP), and National Economic Development Authority (NEDA) - brief the members of Committee of Appropriations on the sources of financing, expenditures levels, and budget proposals of departments, agencies, and corporations. The 5.268-trillion-peso proposed budget for Fiscal Year 2023 shall be allocated in strengthening healthcare and education systems, prioritizing social security programs, disaster preparedness and risk management, digital economy and governance, support for local government, and assistance for the agriculture. House Speaker Ferdinand Martin Romualdez is confident in the swift passage of the national budget without sacrificing the Congress' independence, together with the active participation of his fellow lawmakers.
The House committee on banks and financial intermediaries on Tuesday morning approved a consolidated measure, including Speaker Martin G. Romualdez’s House Bill (HB) No. 1 which seeks to expand government’s lending programs to help small businesses throughout the country recover from the coronavirus disease-19 (COVID-19) pandemic. Manila Rep. Irwin C. Tieng, panel chairman, led the approval of the several measures to strengthen the capacity of the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) in providing the needed assistance to micro, small, and medium enterprises (MSMEs), and other strategically important companies.