Young Filipinos urged to be interested in national budget

By Roi Lomotan

DUMAGUETE CITY (PIA) — Young people should be interested in the national budget.

Former national treasurer Leonor Briones underscored this in her lecture on the national budget for students of Silliman University at the Luce Auditorium recently.

Leonor Briones
Leonor Briones

Briones said students should be concerned on issues revolving the national budget since they are also taxpayers.

She explained that even though they do not hold jobs at the moment, they still pay tax whenever they watch movies in malls or buy grocery items, electronic gadgets and school supplies in the form of Value Added Tax (VAT).

Briones said the tax they pay goes back to the national government and becomes a primary source of the national budget.

“You should be interested on how the money you contributed was spent,” she emphasized.

Briones pointed out that the national budget is an important instrument of the government to respond to the problems of the country.

“The solutions have to be funded and the funding comes from all of you,” she stressed.

“The resources that come from you are converted into goods and services, meaning hospitals, schools, scholarships, protection against national disaster. That is why budget is important,” Briones added.

The former national treasurer gave a lecture on the analysis of the 2016 national budget, its macroeconomic context and relation to social development situation.

Briones presented to her audience the breakdown of the P3.002 trillion national budget which the Congress is set to approve this week or next week.

The top three agencies that received the highest allocation were Deparment of Education with P411,440 billion, Department of Public Works and Highways with P378, 345 billion, Department of the Interior and Local Government with P124, 153 billion. (rmn/ral/PIA7-Negros Oriental/This article was first published at PIA Website on Oct. 7, 2015)

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