09/19/2018 | Press release | Distributed by Public on 09/19/2018 09:21
SOURCE: Press and Public Affairs Bureau
DepEd, SUCs get lion's share of 2019 national budget
19 September 2018 10:29:49 PM
Plenary deliberations on Wednesday of the House of Representatives, constituting itself as a Committee of the Whole, on House Bill 8169 or the 2019 General Appropriations Bill (GAB) focused on the Department of Education (DepEd), State Universities and Colleges (SUCs), Commission on Higher Education (CHED), and Technical Education and Skills Development Authority (TESDA) whose combined budgets form the government's largest budgetary allocation for next year.
Committee on Appropriations Senior Vice Chairperson Rep. Maria Carmen Zamora (1st District, Compostela Valley), who sponsored the 2019 GAB, reported that the mentioned agencies shall receive a total of P659.3 billion budget.
Of this amount, P528.8 billion shall be appropriated to the DepEd; P65.2 billion to the SUCs; P50.5 billion to the CHED; and P14.8 to the TESDA.
The other agencies with the biggest budgetary allocations next year are : Department of Public Works and Highways (DPWH) P555.7 billion; Department of the Interior and Local Government (DILG) P225.6 billion; Department of National Defense (DND) P183.4 billion; Department of Social Welfare and Development (DSWD) P173.3 billion; Department of Health (DOH) P141.2 billion, which includes P67.4 billion for the Philippine Health Insurance Corporation (PHIC); Department of Transportation (DOTr) P141.4 billion; Department of Agriculture (DA) P76.1 billion; the Judiciary P37.3 billion; and A utonomous Region in Muslin Mindanao (ARMM) P32.3 billion.
The infrastructure budget for 2019, amounting to P909.7 billion, shall fund the Duterte administration's massive Build Build Build Program.
Major roads and bridges projects include Improving Growth Corridors in Mindanao Road Sector Project, P3.57 billion; Road Upgrading and Preservation Project, P2.34 billion; Central Luzon Link Expressway (CLLEX), P1.85 billion; Davao City By-Pass Construction Project (South and Center Sections), P1.62 billion; and Arterial Road Bypass Construction Project Phase III, P1.19 billion.
Zamora also cited that major flood control projects for 2019 shall include the : Flood Risk Management Project for Cagayan de Oro River, P2.75 billion; Ambal-Simuay River and Rio Grande de Mindanao River Flood Control Projects, P2.63 billion; Metro Manila Flood Management Projects Phase I, P2.20 billion; Integrated Disaster Risk Reduction and Climate Change Adaptation Measures in the Low Lying Areas of Pampanga Bay P1.84 billion; and Flood Risk Management Project in Cagayan, Tagoloan and Imus Rivers, P1.68 billion.
Meanwhile, Zamora said that among the major rail transport projects shall be the :Philippine National Rail North 1 (Tutuban-Malolos) Project Phase 1, P14 billion, which is one of the largest allocations in the infrastructure budget for 2019. This is followed by Subsidy for Mass Transport (MRT 3), P4.7 billion); Mindanao Railway Project Phase 1, P2.9 billion; Metro Manila Subway Project Phase 1, P1.5 billion; PNR South Commuter (Solis-Los Baños), formerly North-South Railway Project Phase 2, P1.4 billion.
Social programs shall also be prioritized under the 2019 budget. Inequity reducing transformation initiatives, dubbed 'Pagbabago,' will focus on 1) expanding economic opportunities in agriculture, forestry, fisheries, and industry services; 2) accelerating human capital development; 3) reducing vulnerability of individuals and families; and 4) building a safe and secure environment.
These shall be done through funding for agriculture development under the Department of Agriculture, P49.8 billion and National Irrigation Administration, P36.9 billion; free tertiary education, P120.1 billion; and societal protection programs under the DSWD, P136.9 billion, among others.
In addition, security, public order, and safety efforts shall be primary concerns with P129.6 billion for the DND to be dedicated to territorial defense, and stability services.
The national government seeks to raise P3.208 trillion in revenues to finance the 2019 expenditure plan.
Of this amount, P3.018 trillion or 94.1 percent shall be in the form of taxes. The Bureau of Internal Revenue (BIR) shall generate the bulk of this sum with P2.331 trillion. The rest shall be contributed by the Bureau of Customs (BOC) with P662.2 billion and other offices with P25 billion.
The remaining 5.9 percent of the P3.208 trillion shall be raised from non-tax revenues amounting to P188.3 billion, while P2 billion is expected from the sale of government assets.
The government further intends to borrow P1.189 trillion in 2019. The amount of P282.7 billion or 24 percent of the borrowings shall be sourced from foreign creditors while P906.2 billion or 76 percent will be sourced domestically.
Meanwhile, P624.4 billion of the borrowings will be used to finance the deficit and settle P146.3 billion in maturing debt obligations, while the balance includes contributions to the bond sinking fund, and for maintenance of sufficient cushion of cash in the Treasury. | Czarina Engracia