The Philippines: Senate approves PHP5.02tr 2022 budget on final reading

  • The Senate approved on third and final reading President Rodrigo Duterte’s proposed PHP5.024tr national budget for 2022 — his administration’s last outlay that would ensure the government is well-funded to fight the pandemic.
  • Twenty-two senators voted to clear the record-high spending plan that Duterte certified as an urgent measure in a bid to speed up its passage and prevent a situation where the government would operate on a re-enacted budget, which could derail the country’s fragile recovery.
  • The proposed outlay will now be scrutinized by a bicameral conference committee, which is composed of leaders from both chambers of Congress who would meet to reconcile their versions of the budget bill.
  • The bicameral-approved version of the bill will then be sent to Duterte for his signature.

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