President Ferdinand "Bongbong" Marcos Jr. on Wednesday signed into law the P5.768-trillion national budget for 2024.The 2024 budget, ratified by the House and the Senate on December 11, is 9.5% higher compared to this year's P5.268-trillion national budget."Today, we signed the notional budget, the instrument which tells how the taxes paid by the people will be returned to them.
In effect, we are signing the renewal of our annual social contract with taxpayers that what they have paid faithfully will be rebated to them in full,'' Marcos said in his speech.''Although it is teeming with numbers, this budget is more than a spreadsheet of amounts, or a ledger of projects,'' the President added.Marcos said the budget details the government's battle plan ''in fighting poverty and combating illiteracy, in producing food and ending hunger, in protecting our homes and securing our border, treating the sick, keeping our people healthy, creating jobs, and funding livelihoods.''He said every line of the budget would transform the Philippines for better lives of the peopl
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