Philippines General Appropriations Act for 2012

Posted by Breaking News on December 15th, 2011 in Local News

President Benigno S. Aquino signed into law the P1.8-trillion General Appropriations Act for 2012 in ceremonies held on Thursday in Malacañang.

In the presence of legislators from both Houses, led by Senate President Juan Ponce Enrile and House Speaker Feliciano Belmonte by his side and government officials, employees and media, the President signed what he called the “Results-Focused Budget of 2012” that aims to allow his administration to fulfill its Social Contract with the Filipino people.

To achieve this, the President said that the Social Services sector, will receive 31.3 percent or P568.6-billion of the total budget.

“Patuloy po nating binibigyang-prayoridad ang mga serbisyong makapag-aahon sa mga kababayan natin sa kahirapan. Nakalaan ang mahigit tatlumpung porsiyento ng pangkalahatang Budget natin sa Social Services Sector, na nagkakahalaga ng 568.6 billion pesos,” the President said.

“Bahagi nito ang Pantawid Pamilyang Pilipino Program, na pinaglaanan natin ng 39.5 billion pesos upang maabutan natin ng conditional cash transfer ang tatlong milyon sa pinakamahihirap na pamilyang kababayan natin. Katuwang nito, patuloy tayong nagpupundar sa kakayahan at kinabukasan ng ating mga kababayan,” he added.

The President also said that the Education sector would receive the largest appropriation of P238.8-billion to allow the agency to hire 13,000 teachers and build some 43,000 more classrooms; while the Health sector would receive P44.4-billion to fund the Health Insurance Subsidy for 5.2 million beneficiaries and hire 13,000 more medical personnel.

The Infrastructure and Agricultural sector, the President said, would each be allocated P255.2-billion and P53.3-billion, respectively, for the construction of roads, bridges, airports, ports and irrigation systems; and to ensure the country’s goal to be rice-sufficient by 2013.

The President assured the Filipino people that every peso of the National Budget spent would be used wisely.

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