Friday, November 15, 2024

House Grants P229M Increase In OVP’s 2021 Budget

0

House Grants P229M Increase In OVP’s 2021 Budget

0

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Vice President Leni Robredo has been granted a P900 million funding by the House of Representatives for 2021, Anakalusugan Representative Mike Defensor confirmed.

The amount includes a P229 million increase in comparison to what she received this year.

According to Defensor, the additional funding will most likely be allocated for Robredo’s “financial assistance/subsidy”.

Presidential Spokesperson Harry Roque said that President Rodrigo Duterte is going to sign the proposed 2021 budget on Monday.

Defensor reiterated that the P183 million increase for the Office of the Vice President (OVP) and the House are part of the amendments that the two chambers made in the “programmed” or tax-funded portion of the budget.

“None of that amount was added to the procurement of Covid-19 vaccines that will save lives and livelihood, revive the economy and return the country to pre-pandemic normality,” he said.

“They augmented it by P72 billion, but this was relegated to the ‘un-programmed’ part of the budget that could be used only if there is excess tax revenue, a new tax or a loan,” he added.

Amid the $92.0 billion debt of the country, Defensor shared that the government is planning to borrow funding for the procurement of the coronavirus disease-2019 (COVID-19) vaccines.

“We could have funded this from taxes instead of relying on lenders for money to buy badly-needed vaccines,” he said.

Disclaimer: The views and opinions expressed on this website, including all written content, articles, and posts, are solely those of the individual authors, whether they are employees, contributors, or guest writers. These views and opinions do not necessarily reflect the official policy or position of the website's management, officers, partners, employees, affiliates, or any other associated entities. The content provided and the information contained therein are sourced independently by the respective writers and are not influenced, endorsed, or verified by the management or any other parties associated with the website. Readers are encouraged to conduct their own research and seek appropriate guidance before making any decisions based on the content of this site.

President In Action

Metro Manila