MANILA (UPDATE) – Two Senate resolutions filed this week sought to extend the availability of portions of the 2019 budget until the end of 2020.
This year’s budget for maintenance and other operating expenses (MOOE), and capital outlay (CO) should be extended until Dec. 31, 2020, according to Senate joint resolutions filed by Sen. Sonny Angara, chair of the Senate finance committee, and Sen. Imee Marcos.
MOOE is an agency's budget component for day-to-day operations and utilities, while CO is the budget for new infrastructure.
There are projects that have not yet been implemented even though the fiscal year is near its end, and extending the validity of the MOOE and the CO appropriations shall be “for the benefit of the people and for the welfare of the nation,” Angara and Marcos said.
The two senators also cited the delay in the passage of the 2019 budget and the election ban on implementing infrastructure projects and social services as the reasons for extending the validity of portions of this year’s budget.
The House of Representatives earlier approved a similar resolution.