The President of the Philippines will sign the 2024 budget bill this Wednesday

Mondo International Updated on 2024-01-30

This article is in: Philippine Filon Network.

Filipino Marcos Jr. ended his visit to Japan on Monday and revealed in an interview in Tokyo that he would sign the 2024 proposal on WednesdayP768 trillion budget. In addition, he said that the issue of classified funds plaguing the deputy ** office has been "resolved" in his opinion.

In an interview with reporters in Tokyo, ** said that the proposed state budget for 2024 is "very close" to the proposed state spending package that was submitted to the Diet earlier.

"We now have a certain amount of additional funds, so we have to start strengthening the collection mission, but I am confident in that because we are changing the customs system and the tax office has been doing the collection efficiently, but we are still offering new initiatives to make business easier and also to increase our revenue," he added. ”

For the 500 million pesos previously requested by the Office of the Deputy ** and 1The P500 million confidential fee was removed in the final version. In this regard, Marcos Jr. said: "For me, this issue has been resolved, and the deputy ** took the initiative to withdraw these budget requests. ”

The Philippines also said that 2023 is the year of necessary "structural changes", "such as our fiscal policy, even our monetary policy, our spending policy" — as the country is emerging from the "Covid economy".

For 2024, his goal is to continue his modernization efforts. "Some of our structures are a bit outdated," he said. We need to continue to modernize, to continue to respond to the new economy, so that we can position ourselves appropriately. Again, we are moving in the right direction. But if you ask me, I always say too slow, too slow, too slow. So, we're going to keep pushing and pushing in order to get all of that done. Then we can begin to feel the impact of the changes we make. (ENDS).

Editor: Hong Yubo.

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