House panel to begin deliberations for 2020 budget on Thursday
By JOHN CARLO M. CAHINHINAN
The powerful House Committee on Appropriations will begin on Thursday the budget deliberations for the proposed P4.1-trillion National Budget for 2020.
House appropriation panel chair and Davao City 2nd district Rep. Isidro Ungab said next year’s National Expenditure Program (NEP) will definitely leave an enduring legacy and hope.
Ungab said the pro-poor philosophy he learned from then Mayor Rodrigo Duterte in crafting the Davao City budget was his guiding principle when he chaired the Appropriations committee from 2013 and 2016.
Ungab said the lessons he learned from the chief executive will surely be his “guiding light” in ensuring to deliver a responsive, dynamic 2020 national budget that will “truly meet the needs of the people, especially the poor.”
“A faster and efficient government spending on all government projects – big and small, will help make a big difference in the next three years of the Duterte administration,” said Ungab.
Budget deliberations will start on Thursday morning with a 9 a.m. briefing of the Development Budget Coordination Committee (DBCC)—the inter-agency body that sets the overall economic targets, expenditure levels and budget of the government.
Ungab stressed the importance of the DBCC briefing in the start of the lawmakers’ work and duty to study, scrutinize and deliberate on the 2020 budget proposal.
“The macroeconomic assumptions to be outlined will help guide our policy makers and business sector to craft plans based on the government projections on economic growth, price stability, among others, including government expenditures, as well as general directions for the coming fiscal year,” said Ungab.
The DBCC is composed of the Department of Budget and Management (DBM), National Economic and Development Authority (NEDA), Department of Finance (DOF), and Bangko Sentral ng Pilipinas (BSP).