President Benigno S. Aquino III, during a Cabinet meeting
on Monday, approved the proposed 2016 national expenditure
program, which reached P3.002 trillion.
represents a 15.2 percent increase from the 2015 national
budget and comprises 19.5 percent of the country’s Gross
Domestic Product, Communication Secretary Herminio Coloma,
“The proposed budget with the theme,
Paggugol na Matuwid: Saligan sa Tuloy-Tuloy na Pag-Unlad, is
anchored on the following principles: (1) Spending within
our means; (2) Investing in the right priorities; (3)
Delivering measurable results; and (4) Empowering citizens
through fiscal transparency, accountability and
participation,” Secretary Coloma said.
Department of Education gets the biggest allocation with
P436.5 billion, followed by the Department of Public Works
and Highways (DPWH) with P401.14 billion, he said, noting
that the two departments’ combined budgets represent more
than a quarter of the total 2016 national budget.
The Department of National Defense has the third biggest
allocation with P172 billion, followed by the Department of
Interior and Local Government with P156 billion, the
Department of Health (DOH) with P128.5 billion, and the
Department of Social Welfare and Development with P107.6
(full story: 07.07.15)