SUMMARY
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A day after the 3rd State of the Nation Address of President Benigno Aquino, Malacañang submitted to Congress its proposed P2-trillion budget for 2013. Next year’s budget is 10.5% or P190 billion higher than 2012, based on higher growth assumptions for 2013 and taking into account inflation. A large chunk of the budget will go to social services. Among the government departments, Education gets the highest allotment P292.7 billion, followed by Public Works and Highways at P152.9 billion. During his budget message, President Aquino called the budget a crucial step in its continuing pursuit of good governance.
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