Palace finalizes P2.268-T budget proposal

Rappler.com

LONG TALKS. President Benigno S. Aquino III presides over the Cabinet Meeting at the Aguinaldo State Dining Room of the Malacañang Palace on Monday, July 8. Malacañang Photo Bureau
President Aquino approved a P2.268-trillion budget for 2014, following Cabinet deliberations that ended at 10:30 pm on Wednesday, July 10. The proposed budget will be submitted by the President to Congress when it opens on July 22, after he delivers his State of the Nation Address. Communications Secretary Ricky Carandang said the budget’s thrust remains to be “inclusive growth.” The administration is “enhancing social protections and creating opportunities for employment by focusing on job generating sectors like manufacturing, tourism, infrastructure, and agriculture, among others,” according to Carandang. The budget deliberations were earlier likened to a “thesis defense” by Interior Secretary Mar Roxas.


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