HomePortalGalleryRegisterLog in

Share | 
 

 Aquino gov't proposes P1.7 trillion budget for 2011

View previous topic View next topic Go down 
AuthorMessage
benchok24
Admin
Admin


Posts : 1071
Join date : 2010-06-10
Age : 33
Location : makati

PostSubject: Aquino gov't proposes P1.7 trillion budget for 2011   Sun Jul 25, 2010 9:18 am



MANILA, Philippines - President Benigno "Noynoy" Aquino III's administration is proposing a 14% increase in the national budget for next year.

Budget Secretary Florencio Abad said that they will ask for a P1.77 trillion allocation for 2010 to help the government fund critical programs.

The government budget for this year is pegged at P1.54 trillion.

Abad said that the government is targetting revenues of P1.46 trillion next year to keep the deficit to GDP ratio at 3.3% of gross domestic product.

The record budget will also enable the government to spend more on its poverty alleviation and infrastructure development programs.

As for budget management, the Aquino administration is now studying ways to rein in spending including the rationalization of subsidies it give to government-owned and controlled corporations' like the National Food Authority and the Light Rail Transit Authority.

Abad said the government is setting an ambitious spending program for 2011, aimed at helping the poorest of the poor.

He said that the government is now busy re-allocating money from underperforming agencies and rationalizing expenditures at some others.

source abs-cbn
Back to top Go down
 
Aquino gov't proposes P1.7 trillion budget for 2011
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» About to do a "budget" LS1 swap, few questions....
» paperslangin' budget s13 build
» Tilts budget essentials.
» Redditch United 'cut playing budget to zero' for remainder of the season.
» Falk's 95 corolla - the slow low budget build

Permissions in this forum:You cannot reply to topics in this forum
Basketbol ng Pilipinas :: Not just Basketball! :: Entertainment & Current Events-
Jump to: