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Palace: 2015 proposed national budget aims to benefit the poor

2014-08-05 16:40

The Palace said on Sunday that the proposed 2015 national budget aims to lift the millions of Filipinos out of poverty.

In a press briefing, Presidential Communication Operations Office Secretary Herminio Coloma, Jr. said that the properly allocated public funds proposed are meant help the less advantaged citizens of the country to escape poverty, hence the theme of the program, “Prosperity for all”.

Coloma said the Aquino administration has instituted reforms since 2010. A report by President Aquino during the State of the Nation Address based on the annual poverty indicator of the National Economic and Development Authority revealed that there are now 2.5 million Filipinos out of poverty.

This year, 37.2 percent or the bulk of the P2.6 trillion proposed national budget is dedicated for the social services of the government, which is for the education and health of the citizens.

The Communications Secretary noted the comment of the civil society advocacy group—Movement for Good Governance—which is composed of leaders in the academe, when they said: “the programs of the administration in improving governance are sincerely acknowledged. The government proved its intent to pursue ‘tuwid na daan’ (righteous path) through the institution of reforms in budgeting such as zero-based management, the results-based performance management system, and providing the public with broad access to information, especially on how the budget has been disbursed.”

"Obviously the national budget for 2015, like its predecessors under the Aquino administration, adheres to the principle of the right way," Coloma said. 

The P2.606-trillion proposed 2015 National Budget was submitted to Congress Wednesday last week. It poses a 15.1 percent increase from the current year’s P2.265-trillion budget, representing 18.4 percent of the country’s Gross Domestic Product. 

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