The Department of Trade and Industry is eyeing PHP19.998 billion budget during the initial year of the Marcos administration, based on the National Expenditure Program for 2023.
The budget proposal of DTI is lower by 9 percent from the PHP21.94-billion allocation for the agency under the 2022 General Appropriations Act . The office of Secretary Alfredo Pascual is asking for a budget lower by PHP1.47 billion, amounting to PHP5.22 billion. This year’s OSEC budget is at PHP6.68 billion.
Budget for the investment promotion agency of DTI, the Board of Investments, also declined to PHP344.47 million for 2023 from PHP399.72 million this year.
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