ManilaTimes-Jan 7

President Rodrigo Duterte signed into law the P4.1-trillion national budget for 2020 on Monday, preventing a repeat of last year’s delay that slowed the country’s economic growth. The President signed Republic Act 11465 or the “2020 General Appropriations Act” during a ceremony in Malacañang.

In his speech, Duterte assured the public that every peso in the budget would not be spent for the “greed of the few.” The 2020 budget is 12-percent higher than the P3.757-national budget for 2019 and represents 19.5 percent of the country’s projected GDP this year.

Read more at: https://www.manilatimes.net/2020/01/07/news/national/duterte-signs-2020-budget/671989/