DBM is preparing P4.3 trillion budget for 2021

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A P4.3 trillion budget is being prepared for next year, focusing on the efforts against the coronavirus pandemic, the Department of Budget and Management announced.

“Lahat ng ito ay nakatuon sa priorities ng national government in line pa rin with our desire to precisely combat this pandemic,” Avisado said.

[All of this is still in line with the national government’s priorities and our desire to precisely combat this pandemic.]

The 2021 budget can be submitted to President Rodrigo Duterte by the second week of August at the latest, said Budget Secretary Wendel Avisado.

The executive usually submits the budget proposal to the House of Representatives and Senate days after the President delivers the State of the Nation Address every 4th Monday of July.

For 2021, the budget chief said the Duterte administration would focus on programs that would address unemployment. The Philippines’ unemployment rate in April jumped to a record 17.7 percent or equivalent to 7.3 million jobless Filipinos.