Marcos lays down priorities for 2023 national budget

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Metro Manila (CNN Philippines, June 2) — President-elect Ferdinand 'Bongbong' Marcos Jr. has ordered his incoming budget chief to ensure that his priority sectors would get backing from the 2023 national expenditure program.

Amenah Pangandaman, the incoming Department of Budget and Management (DBM) secretary, said in a statement Thursday that to add fuel to Marcos' economic reconstruction target, the president-elect would like to focus on the following areas:

- agricultural and food security

- climate change adaptation

- economic recovery

- improved healthcare and education

- enhanced infrastructure projects including digital infrastructure

- utilization of renewable energy sources

- strengthened tourism and jobs creation

- sustainable development

Pangandaman said she is aiming for a budget plan that would "promote a broad-based and inclusive economic recovery and growth."

"President-elect Marcos’ priority programs are in line with that," she added.

Pangandaman also said Marcos' entire economic team will meet soon.

Last month, DBM officer-in-charge Tina Canda urged the incoming administration to observe the spending plan cap of ₱5.268 trillion for 2023 "for prudent fiscal management".

READ: DBM: Next admin must stick to ₱5.268-T budget cap for 2023 for 'prudent' fiscal management

Canda acknowledged that the budget may be "tight," but the government needs to stick to that level "if we want to be respected in the international financial community."

Under the constitution, the National Expenditure Program detailing the government's proposed budget will be submitted to Congress within thirty days from the opening of its regular session.

The 19th Congress will convene on July 25.

The House of Representatives will deliberate on the budget, while the Senate conducts a parallel review. The upper and lower chambers' bicameral committee will then reconcile both versions of the measure.

The proposed bill would then be sent to Malacañang for the President's signature.