Budget approved P1.8 trillion
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Upon the motion of House Majority Leader and Mandaluyong Rep. Neptali Gonzales II, Belmonte formed a small committee of six lawmakers to work on the amendments submitted by their colleagues.
He said for the second year, the House fulfilled its constitutional duty when it approved in record time the proposed national budget for next year.
“We crafted this budget fully aware of both the potential and the limits of our present national economy. Our country obtained credit upgrades from international rating agencies, sharp improvements in its international competitiveness ratings, and received much-needed boost in foreign direct investments,” Belmonte said.
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