GOOD NEWS: President Ferdinand R. Marcos Jr. signed into law Republic Act No. 11975 or the Fiscal Year (FY) 2024 General Appropriations Act amounting to Php 5.768 trillion, today, December 20.

Anchored on the theme, “Agenda for Prosperity: Securing a Future-Proof and Sustainable Economy,” the national budget will continue to prioritize expenditures outlined in the 8-Point Socioeconomic Agenda and cater to the objectives of the Philippine Development Plan 2023 to 2028.

With the highest budget allocations for the Social Services and Economic Services Sectors, the FY 2024 GAA reflects the PBBM Administration’s resolve to reduce poverty, foster infrastructure and hcuman capital development, and steer the country back on a higher growth trajectory.

Source: DBM