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DTI budget cut for MSMEs still open to augmentation - BusinessWorld Online

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The reduced P2.25-B budget for the DTI's MSME development program reflects the distribution of other forms of MSME support to various agencies, and leaves room for companies to step in with PPP projects, a legislator said during 2023 budget deliberations.

Pangasinan Rep. Christopher V.P. De Venecia, said the General Appropriations Bill contains small-business support programs across various agencies.

He said the DTI’s budget request for the program was double the 2022 level, adding that the House is still free to augment funding levels as it sees fit. “I believe that the package that is being provided for the MSMEs is actually bigger than what it seems in the DTI budget,” Mr. De Venecia added.

 

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