President Ferdinand “Bongbong” Marcos Jr. will submit his proposed 2023 national budget to Congress on Aug. 22, Malacañang said on Friday.
Marcos and his Cabinet members held a special meeting on Friday to discuss the P5.628-trillion budget proposal for next year.
In a statement, Press Secretary Trixie Cruz-Angeles said the Department of Budget and Management would forward budget documents to the president on Aug. 19.
“[T]he same is expected to be submitted to Congress on Aug. 22, 2022,” she said.
Under the 1987 Constitution, the president is mandated to submit a proposed national budget in 30 days after Congress opens session.
The Congress opened session this year on July 25, and Marcos Jr. should submit his expenditure program by Aug. 23.
Cruz-Angeles said the education sector would receive the largest chunk of the 2023 budget. John Ezekiel J. Hirro