PNoy signs P2T 2013 national budget

Rappler.com

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President Benigno Aquino III signed into law the 2013 national budget Wednesday December 19. The P2.006 trillion national budget is 10.5% higher than the P1.816 trillion earmarked for 2012. Social services, which provide benefits such as education, health are and food subsidies to the poor will get the biggest share, 34.8% of the budget. Education services will get 25.5% while 16.6% will be spend on debt servicing. The Department of Education receives the largest allocation among government agencies, amounting to P293.332 billion up 22.8% from last year.


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