DBM turns over to Senate the proposed nat'l budget for 2025

DBM turns over to Senate the proposed nat’l budget for 2025

By: - Reporter /
/ 04:33 PM July 29, 2024

Budget Secretary Amenah Pangandaman submitted the National Expenditure Program documents to the Senate.

Budget Secretary Amenah Pangandaman submitted the National Expenditure Program documents to the Senate. The documents were accepted by Senate President Francis Escudero and Senators Grace Poe, Jinggoy Estrada, Francis Tolentino, JV Ejercito, and Alan Peter Cayetano.

MANILA, Philippines — The Department of Budget and Management (DBM) on Monday turned over to the Senate the 2025 National Expenditure Program (NEP).

Budget Secretary Amenah Pangandaman headed the submission of NEP documents, which were accepted by Senate President Francis Escudero.

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Also present during the turnover were newly instated finance panel head Sen. Grace Poe, Senate President Pro Tempore Jinggoy Estrada, Senate Majority Leader Francis Tolentino, Senate Deputy Majority Leader JV Ejercito, and panel on accounts chair Sen. Alan Peter Cayetano.

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This is the first budget that will be scrutinized under Escudero’s leadership. The new Senate leader only assumed his post in May.

The 2025 NEP contains a proposed allocation of P6.325 trillion.

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In a media briefing, Pangandaman said included in the proposed budget are confidential and intelligence funds (CIF) which went down by 16 percent compared to the 2024 General Appropriations Act.

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READ: DBM: Confidential, intel funds for 2025 down 16%

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“The DBM got a total proposed P11.39-billion CIF for 2025, of which confidential is P5.22 billion, intelligence is P6.17 billion. But we only approved a P10.29-billion CIF. The breakdown is P4.37 billion for confidential expenses and P5.92 billion for intelligence expenses,” she said.

READ: Marcos’ office retains P4.5-B confidential, intel fund for 2025 – DBM

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TAGS: 2025, DBM, national budget, Senate

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