Author Topic: General Appropriations (National Budget) Act 2020  (Read 1225 times)

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General Appropriations (National Budget) Act 2020
« on: December 13, 2019, 01:49:29 PM »
Congress ratifies bicam version of 2020 budget
December 12, 2019

https://www.sunstar.com.ph/article/1835989/Manila/Local-News/Congress-ratifies-bicam-version-of-2020-budget

BOTH houses of Congress ratified the bicameral conference committee version of the 2020 budget measure Wednesday, December 11.

Speaker Alan Peter Cayetano, in a statement, said the timely approval of the 2020 General Appropriations Bill (GAB), which provides for a P4.1-trillion national budget for fiscal year 2020, provides President Rodrigo Duterte ample time to review the bill.

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The P4.1-trillion budget is 12-percent higher than the P3.662-trillion budget for 2019 and is equivalent to 19.4 percent of the projected gross domestic product (GDP).

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