BrminessWorld
2/S*
t*-Econom
'No excuses' for not completing
2020 budgot, Cayetano says
SPEAKER Alan Peter S. Cayetano
said Wednesday that the House of
Representatil€s hopes to move
forward on the 2O2O budget,
' revenue bills, arld other legisla-
tion covering the government's
socio-economic programs when
Congressional sessions lesume ir
November.
When it meets again on Nov,
4, Mr. Cayetano said ttre chamber
will work on fine-tuning tlle P4.1-
trillion 2020 budget.
"One is the budget, kasi
whether )'ou talk about agricul-
ture, healtl, infrastructure, edu-
cation, babagsak sa budget. Wala
tayong excuse, we had all the time
to discuss the budget. May isang
buwan nq during the break nd
nire-review pa natin at nagpe-
prepare tcyo sa bicam (the budget
afiects everlthing that has to do
with agriculture, health, infra-
$eagi*r*slVorld
IHURSDAY, OSTOBER 17, 2OI9
structure, education. There are "Madaling magsabi ng pera
no excuses for any delays because para dito pero saan mo kukunin
we had all this time to review. yung pera? Tatandaan nstin
We've had month to prepare for
a flom Rleting, kung magiging A
when the budget is tackled in bi- tayo, napakalaking bagay ntto sa
cameral session)," Mr. Cayetano ating bqnsa (ils easy to support
said in chance remarks to report- funding for various programs
ers at l{ew Clark City. but the question is \rhere the
He added, "We are very close funds will come from) he said,
to the Senators,we areveryclose notingthat funds mustbe gener-
to the Secretaries, continued ated in the context ofthe Philip-
y&ng interaction nc,rn. (We are pines' progress up the credit-
in continued interaction with rating ladder from B to A, which
the Senators and the Cabinet) if achieved, "will be a big thing
So, walang excuse para hindi for the country"
maging 2o2o budget (There is The House has approved on
no excuse for not completingthe third reading House Bill No. 1026
2020 budget)." imposing additional excise taxes
The House approved the bud- on alcohol, tobacco, arld vape
get bill on third reading on Sept. products; HB 300 or t]le amend-
20. ments to the Foreign Investment
Mr. Cayetano also said the Act of 199; HB 3o4 or the Passive
various revenue bills will be also Income ald Financial Intermedi-
discussed before the year ends. ary Taxation Act (PIFITA); HB
\ FAq€
"a/rtto
4t57orthe Corpomte Income Tax
and Incentive Rationalizatiqn Act
(CITIRA), which was formerlY
known as the TITABAHO bill
Other legislation will cover the
Social serviceslike unconditional
cash transfefs for the "poorest of
the poof to supplement the cur-
rent progran of conditional cash
transfers, which pay low-income
families a set amount if they meet
certain conditioN, like undergo-
ing health checks for womeD o!
keeping children in school.
"Medyo malalim ang paguusap
(the talks will be extensive) to
come up with a proglam (for) the
20 poorest provinces, Parati na
lang silang angpootest (which are
alwaysthe same provinces). Sowe
want to come up with 20 Projects
for the 20 poorest provinces," Mr.
Cayetalo said. - vince A.Egelo
C. Ferreras