Aside from the spirit of sharing, Filipinos have another reason to celebrate this Yuletide season as President Benigno S. Aquino III is set to sign the P1.645-trillion national budget for the next fiscal year 2011.
In an interview over government-run radio station dzRB Radyo ng Bayan on Sunday, Presidential Deputy Spokesperson Abigail Valte said government projects that are in line for the coming year are already assured of their respective budget allotments after President Aquino’s signing of the national budget at the Rizal Hall in Malacañang on Monday.
Valte said it is the first time in over a decade that the budget will be signed before the start of the actual fiscal year.
“We are very happy that the national budget will be signed earlier than before. This will be very beneficial for our people. As early as January, funds will already be available for the projects in line next year,†Valte stressed.
“With the early signing of the budget, our infrastructure projects like repair of roads and bridges can be done in January when the weather is more conducive for construction,†she said.
According to Valte, the early signing of the budget shows the full trust and confidence of Congress on the leadership of the President and his administration.
She also said that as part of the President’s efforts to upgrade the government’s basic services to the people, he has allocated the necessary funding for key agencies that will directly implement developmental projects of government.
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