The chairman of the House Committee on Appropriations on Monday said lawmakers are eyeing an increase in the budget allocation for the Department of Trade and Industry next year to boost investments and create more jobs while developing more products that the Philippines may be able to export.
“If we are really serious about generating more investments and creating better-paying jobs for our people, Congress must ensure that DTI and its attached agencies have the resources to do their work properly,” said Co. At the budget hearing last week, DTI Secretary Alfredo Pascual lamented the decision of the Department of Budget and Management to set the agency’s expenditure program next year at P7.91 billion, an increase from the spending plan this year but just a third of the DTI’s original budget proposal of P21.03 billion for 2024.
Data comparing DTI’s proposal and the budget DBM submitted to Congress also showed reductions in spending for development projects for industry, micro, small, and medium enterprises, the consumer protection program, “Malikhaing Pinoy,” and the establishment of Negosyo Centers.
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