The House of Representatives has started their hearings for the Php 3.757 trillon proposed 2019 national budget by the Administration of President Rodrigo Duterte.
Budget Sec. Benjamin Diokno, National Economic and Development Authority Sec. Ernesto Pernia, Finance Sec. Carlos ‘Sonny’ Dominguez III, and Bangko Sentral ng Pilipinas gov. Nestor Espenilla Jr. presented the proposed budget to the House Appropriations Committee on July 31.
The four officials are members of the Budget Coordination Committee of the Presidential Cabinet.
Under the proposed budget for 2019, Php 1.377 will be allocated for social services, Php 1.068 trillion for economic services, Php 709.1 billion for general public services, Php 414.1 billion for the country’s debt, and Php 188.2 billion for Defense.
The top 10 government agencies that will receive the largest budget are:
- The Department of Education (Php 659.3 billion),
- The Department of Public Works and Highways (Php 555.7 billion),
- The Department of Interior and Local Government (Php 225.6 billion),
- The Department of National Defense (Php 183.4 billion),
- The Department of Social Welfare and Development (Php 173.3 billion),
- The Department of Health (Php 141.1 billion),
- The Department of Transportation (Php 76.1 billion),
- The Department of Agriculture (Php 49.8 billion),
- Judiciary (Php 37.3 billion), and
- The Autonomous Region of Muslim Mindanao (Php 32.2 billion)
The 2019 proposed budget is the first cash-based budget of the Philippines, wherein the funds are only valid for one year.
The proposed budget for 2019 is also lower compared to the P3.767-trillion national budget for 2018.