MANILA - The Duterte administration will file its proposed national budget for 2020 to Congress next Tuesday, House Speaker Alan Peter Cayetano said Wednesday.
Cayetano made the announcement during the hearing of the House Ways and Means Committee on the proposed Corporate Income Tax and Incentives Rationalization Act (CITIRA).
President Rodrigo Duterte did not submit the proposed budget, pending plan on the day of his fourth State of the Nation Address (SONA).
The administration will be beating the constitutional deadline of 1 month from the opening of Congress to file the General Appropriations bill.
Cayetano said passing the budget and the tax measure will go hand in hand.
“We cannot pass the national budget without the corresponding revenue measures. We're really hoping that by October, congress will have a consensus and we will able to pass some critical and priority measures.”
House Minority Leader Bienvenido Abante Jr., meanwhile, vowed to scrutinize the proposed measure.
“I believe that we can all get behind the objectives of the bill, which is to attract investments and encourage business in the country," he said.
"However, we have to make sure that we are able to do that without adversely affecting government revenues, which we need to support vital government programs."