26 Desember 2014

National Defense has 3rd Largest Pie in 2015 Budget

26 Desember 2014


P144.5 billion allocated for 2015 defence budget (photo : PN2020)

President Benigno S. Aquino III enacted the P2.606-trillion 2015 General Appropriations Act.

“We are at the doorstep of the Administration’s penultimate year, and the GAA duly reflects President Aquino’s development priorities for 2015. We’re pouring even more investments into the Administration’s anti-poverty and economic growth programs, as well as strengthening governance reforms we’ve helmed so far,” Budget and Management Secretary Florencio “Butch” Abad said.

Social services gets the largest pie in the said 2015 budget which according to DBM chief, shows the current “administration’s continuing pursuit of its antipoverty goals.” These include provisions for basic education and universal health care.

Economic services also have a major share with PhP700.2 billion allocated fund towards this sector aiming for the President’s inclusive growth campaign.

Top 3 departments with big share in next year’s budget are the Department of Education (DepEd) with P367.1 billion, P303.2 billion for Department of Public Works and Highways (DPWH) and P144.5 billion goes to Department of Nation Defense (DND).

(AngMalaya)

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