A.P Report
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2012 National Budget
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By sector
For 2012, social services will receive 31.7 percent of the national budget, which is almost one-third of the proposed amount. It has the same share as last year but is equivalent to P575.8 billion, compared to P521.4 billion this year. The sector’s share is higher than this year’s budget by 10.4 percent. Under this sector is the Pantawid Pamilyang Pilipino Program (4Ps), the cornerstone of the Aquino government’s poverty reduction agenda. The 4Ps, which includes the conditional cash transfer (CCT) is set to benefit three million households by January next year compared to 2.3 million households this year.
The social services sector is followed by economic services, with P438.9 billion or an increase of 22.0 percent. The government has address critical constraint to growth such as macroeconomic and fiscal instability. The goal is to narrow the fiscal deficit to P286.0 billion or 2.6 percent of gross domestic product (GDP), from this year’s target of P300.0 billion or 3.0 percent of GDP. Thus it is imperative to focus spending on infrastructure, agricultural and industrial support services, and vocational and tertiary education curricula.
Debt service interest payment, which is the sum of loan repayments, interest payment commitment fees and other charges on foreign and domestic borrowings, comes at P333.1 billion (18.3%); general public services, P332.1 billion (18.3 percent); and defense, P113.1 billion (6.2 percent). As a share of the budget, the debt burden is three percentage points lower than this year.
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By expense class
Expenses are made of capital outlays, current operating expenses, maintenance and other operating expenses, and personal services, among workers.
Capital outlays
Refers to appropriations for the purchase of goods and services, the benefits of which extend
2012 National Budget
-------------------------------------------------
By sector
For 2012, social services will receive 31.7 percent of the national budget, which is almost one-third of the proposed amount. It has the same share as last year but is equivalent to P575.8 billion, compared to P521.4 billion this year. The sector’s share is higher than this year’s budget by 10.4 percent. Under this sector is the Pantawid Pamilyang Pilipino Program (4Ps), the cornerstone of the Aquino government’s poverty reduction agenda. The 4Ps, which includes the conditional cash transfer (CCT) is set to benefit three million households by January next year compared to 2.3 million households this year.
The social services sector is followed by economic services, with P438.9 billion or an increase of 22.0 percent. The government has address critical constraint to growth such as macroeconomic and fiscal instability. The goal is to narrow the fiscal deficit to P286.0 billion or 2.6 percent of gross domestic product (GDP), from this year’s target of P300.0 billion or 3.0 percent of GDP. Thus it is imperative to focus spending on infrastructure, agricultural and industrial support services, and vocational and tertiary education curricula.
Debt service interest payment, which is the sum of loan repayments, interest payment commitment fees and other charges on foreign and domestic borrowings, comes at P333.1 billion (18.3%); general public services, P332.1 billion (18.3 percent); and defense, P113.1 billion (6.2 percent). As a share of the budget, the debt burden is three percentage points lower than this year.
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By expense class
Expenses are made of capital outlays, current operating expenses, maintenance and other operating expenses, and personal services, among workers.
Capital outlays
Refers to appropriations for the purchase of goods and services, the benefits of which extend