Aquino signs P3-T
national budget; social services to get largest allocation
QUEZON CITY, Dec. 23 -- The President signed Tuesday the P3.002 trillion
2016 General Appropriations Act (GAA), setting a record for the
creating a budget that is vastly different from the budgets that were
created before President Aquino’s term.
“With this budget, we have doubled the national budget since 2010 and we are
providing the largest sectoral allocation to social services. This budget
also caps the administration's record of enacting the budget in time for a
perfect six straight times,” said Budget Secretary Florencio B. Abad.
Abad said the 2016 GAA, higher by P396 billion (15.2 percent) than the
P2.606-trillion 2014 national budget, continues the administration's
focusing on social services that directly benefit individual citizens, such
as education and health, both with increased budgetary allocations at P436.5
billion and P128.5 billion, respectively.
Social services, which also cover housing, livelihood and community-driven
projects, account for P1.106 trillion (36.8 percent) of the budget, while
economic services covering areas such as infrastructure, agriculture,
transport and communications account for P829.6 billion (27.6 percent).
General public services will take in P517.9 billion (17.3 percent), while
defense and security will receive P129.1 billion which stands as the lowest
allocation among sectors at 4.3 percent. Still, the allocation reflects a
raise of 11.5 percent from 2015, to address the budgetary needs of AFP
modernization, in light of the West Philippine Sea territorial disputes.
Meanwhile, only 14 percent of the budget will go to debt interest payment,
the lowest-ever debt payment allocation that the government has set in ten
years, further underscoring how the budget favors poverty alleviation
through people empowerment.
"For six straight years, the administration consistently focused the budget
on programs that have great impact on the needs of the poorest communities,
while being aware of the need to ensure that the allocations for services
also function as long-term investments towards lasting inclusive growth,”
the budget chief. “A case in point would have to be education, taking on the
largest sectoral allocation and marking a growth rate increase of 16
According to Abad, for every P100 of the 2016 budget, around P64 will be
spent on social and economic services. “This clearly shows how the
wisely investing on its people, with the foresight of supporting services
that will keep serving their needs long into the future,” he said.
The Department of Education led the top ten agencies receiving the largest
budget at almost P437 billion. The rest of the top ten departments are:
works and highways (P400.4 billion); national defense (P175.2 billion);
interior and local government (P154.5 billion); health (P128.5 billion);
welfare and development (P111 billion); agriculture (P94 billion);
transportation and communications (P48.5 billion); finance (P33.2 billion),
environment and natural resources (P24.8 billion). (DBM)