The Senate Committee on Finance is making significant progress in its deliberations on the proposed P6.352-trillion national budget for 2025, according to the committee’s chairman. On Thursday, the chairman confirmed that the committee is on schedule to complete discussions, in time for the plenary sponsorship set to take place in November.

The P6.352-trillion budget proposal represents a critical financial blueprint for the Philippines, encompassing key sectors including infrastructure, healthcare, education, and social welfare. The chairman emphasized that the ongoing discussions aim to ensure that the budget allocation aligns with the country’s economic and social development priorities for the coming year.

“We are on track and expect to finalize our deliberations before the scheduled plenary session in November. Our focus is to ensure that every peso spent will bring meaningful impact to the citizens,” the chairman noted, highlighting the importance of transparency and accountability in the budget process.

The Senate Committee on Finance has been conducting hearings with various government agencies to evaluate their respective budget allocations and requirements for the next fiscal year. These hearings are crucial to understand the specific needs of different sectors and to optimize the distribution of resources for maximum benefit.

Following the committee’s deliberations, the national budget will be presented for plenary discussion, where the Senate will debate and approve the final appropriations. This budget aims to address both immediate concerns, such as poverty alleviation and job creation, as well as long-term goals including digital transformation and sustainable economic growth.

The public and various stakeholders are eagerly awaiting the finalization of the national budget, as it will determine the government’s priorities and actions for 2025. The chairman assured that all voices are being heard and considered and that the budget process will adhere to principles of fairness and efficiency.

The committee is committed to ensuring that the proposed budget will foster economic recovery, improve public services, and support the welfare of all Filipinos.