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.

External Link : https://www.philstar.com/business/2021/12/01/2145033/senate-approves-p502-t-2022-budget-final-reading