THE chairman of the House appropriations committee has said they look for ways to augment the budget for the Department
of Trade and Industry , the country’s main investment promotion agency, whose expenditure proposal was slashed in the 2024 national budget now pending in Congress.
“We also have to spend more to develop the products we export as well as train Filipinos to be entrepreneurs; to be job creators, not seekers. If we could do this, we could prevent our people from voting with their feet,” Co stated. The Office of the Secretary and the Board of Investments were among the biggest losers in the national expenditure program for 2024. DBM cut the Office of the Secretary’s budget to P5.32 billion from the proposed P12.61 billion while the allocation for the BOI was reduced to P659 million from the agency’s proposed P1.85 billion.
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