Country's biggest budget signed into law
President Duterte signs 2021 budget worth P4.506 trillion
MANILA – President Rodrigo Duterte signed into law the budget earmarked for next year worth P4.506 trillion known as the 2021 General Appropriations Act (GAA), the third full cash budget of the Duterte Administration described by his office as “financial blueprint” to recovery in response to the COVID-19 pandemic.
The budget carries with it appropriations for infrastructure development and generating job prospects as it assists communities adapting to post-pandemic life.
It is said social services sector will have the largest bulk of nest year’s budget worth P1,668.0 billion or 36.0 percent of the national budget while economic services which includes funds for the “Build, Build, Build” program with P1,323.1 billion or 29.4 percent of the total budget.
The General Public Services sector will be appropriated with P747.8 billion or 16.6 percent, Debt Servicing worth P560.2 billion or 12.4 percent and Defense with P206.8 billion or 4.6 percent.
The Department of Budget and Management (DBM) statement said consistent with the 1987 Constitution, the education sector will receive P751.7 billion or 16.7 percent from the 2021 GAA. The Department of Public Works and Highways (DPWH) is expected to have P695.7 billion or 15.4 percent of the 2021 GAA while the Department of Interior and Local Government (DILG) will have P249.3 billion or 5.5 percent.
The Department of Health (DoH), tasked to respond to the COVID-19 pandemic, will have P210.2 billion, said to be 19.6 percent higher than its budget this year.
Meanwhile, the Department of National Defense (DND) will receive P205,8 billion while the Department of Social Welfare and Development (DSWD) will have P176.9 billion. The Department of Transportation (DOTr) will receive P87.9 billion and the Department of Agriculture (DA) has been earmarked with P71.0 billion.
According to the DBM, the Department of Justice (DOJ) stands to receive P45.3 billion while the Department of Labor and Employment (DOLE) will receive P37.1 billion. (Melo M. Acuña)
President Rodrigo Duterte signs the 2021 General Appropriations Act witnessed by lawmakers and other government executives. (King Rodriguez/Presidential Photo)