Proposed P5.024T national budget for 2022 transmitted to Congress

Seal of the House of Representatives. Graphics by Ed Lustan

MANILA, Philippines — The P5.024 trillion proposed national budget for 2022 has been officially transmitted to Congress, the Department of Budget and Management (DBM) said on Monday, with the bulk dedicated to providing social services.

According to a briefer provided by DBM, a huge portion of the

national budget

would be allocated to social services, amounting to P1.922 trillion or 38.3 percent of the gross domestic product (GDP). Economic services would get P1.474 trillion or 29.3 percent of the GDP.

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General public services would get P862.7 billion or 17.2 percent; debt burden with P541.3 billion or 10.8 percent; while defense spending would be at P224.4 billion or 4.5 percent.

DBM also said that most of the budget would be used for personnel services expenditures which will support the hiring of health workers and education staffers, along with the third tranche of the salary standardization law.

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“Bulk of the budget, in the amount of P1.456 trillion or 29.0 percent of the FY 2022 NEP, will go to Personnel Services expenditures to cover the hiring of healthcare workers and teaching personnel, the implementation of the third tranche of the Salary Standardization Law V, and the requirements of the 2018 Military and Uniformed Personnel pension arrears, among others,” DBM said in a statement.

“Capital Outlays are pegged at P939.8 billion while Maintenance and Other Operating Expenditures will reach P777.9 billion next year. Debt burden amounts to P541.3 billion, which corners 10.8 percent of the FY 2022 NEP and is lower by 3.4 percent year-on-year. The support to Government-Owned and Controlled Corporations, composed of National Government subsidies and equity, sums up to P178.0 billion while Tax Expenditures remain the same with this year’s level at P14.5 billion,” it added.

Photos on Monday showed House of Representatives officials led by Speaker Lord Allan Velasco and Majority Floor Leader Martin Romualdez accepting the 2022 budget from DBM in a quick ceremony at the House complex.

Speaker Lord Allan Velasco and Majority Floor Leader Martin Romualdez pose with officials of the Department of Budget as they receive copies of the 2022 national budget during in a quick ceremony at the House complex. Image from House of Representatives.

Previously, Velasco vowed to tackle bills and other resolutions, including the budget itself, that were not taken up after the House suspended sessions due to the COVID-19 lockdowns.

With the downgrading of the quarantine status over Metro Manila, a small number of House officials and staffers would be allowed inside the plenary hall, while the rest of House members would join sessions virtually to avoid COVID-19 transmissions.

EDV

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