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.
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.