ItrI NAIIOI''I TTADIITG NAWSDAPAN
\. Wednesday; July 3, 2019
eak
DBM delays 2020 budget suhrmission
he Deparhnent of Budget and
Management (DBM) wiU not
submit to Congress the govem-
ment's proposed 2020 national
budget a day after the President s staie of
the nation address (SONA butwiU do so
later this month or beforc August 14.
As contest for House of Representa-
tives' leadership heats up, Budget Un-
derseeretary and o4c€r-in-charge Janet
B. Abuel disclosed that the e,recuthe is
holding ofr tlle submissiop of.the geneml
appmpriadons bill for next )ear until the
new speaker is named.
"Before, I said a day after the SONA
but maybe no'q we'll have to waitbecguse
we need to halc a very closb coordination
with Congress. So ive need !0 wait for
their leatlership, (to be choseD " Abuel
told reporters. "We don t want to was0e
i.:i n1 n
heats u Itv. i
,lrri
;
our efrort." "We're on tracl! within the timeline," the approral of this year's budget was a
Abuel said it is important for them Abuel said when asked if DBM is hitting "one-off" evenl
to know first who among the aspirants its targets for the 2020 national budget 'l think the budget delay is a one off.,
will emerge as the next speaker of the preparations. I don't think subsequent Congrcss.es willl
"After the new speaker is in- delay the budget again because it is so
Currently, Marinduque R€p. ^/=Er , stalled, everlthing is more or obvious how harmfi;l these delays can be
to tlte economy," Dominguez said'
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!.".9q:, lld 'o<.
ofrcial said. "we're going "Everybody's aware, especiatly the
lh.:i::-!g
fourth highest official ol 1| trFFI?. to work very fast and as people in the legislature, tlat delays cer-
the country Behind him Z n:'l;. early as we can but it's tainly harm the public." he addedl.
are Taguig Rep. Alan g:X really important to know Because for the almost four-month
Peter Cayetano, Leyte g Gh!il$' who we can work with delay of the 20tg CAA, the Philippine
ilrffi***ffi$pffitr
economic grou'th slowed to 5.6 percent
in the frrct-quarler. The natlonal govern-
ment was restricted to spend erdditional
-. "
rhgm.or.erc4istic.bug:.
get submission, Abuel said is Eor ^bep?*"9."t1,!.:T191:
December 31, Abuel replied
Pl billion el€ry day under the rcqnacted
budget for last year
before August 15. "we're more positive now... but President Duterte's economic team
Under the lar , President.RodrigoR. we're lalso] preparirig for it justin case." has lowered its gross domestic product
Duterte is rcquired to submithis proposed During the pre-soNA economic growth target for this year to b,etween 6.0
national budget within 30 dals after his briefing last Monday Finance Secretarl ]
percent and 7.0 percent fiom the original
SONA which falls on August 21. Carlos G. Dominguez Itr said the detaV inrl 7.0 percent to 8.0 percent.
., pAq.n: ^Bt u