BusinessWorld
January 11, 2021 | 6:01 pm
By Bienvenido S. Oplas, Jr.
The new budget law or General Appropriations Act (GAA) 2021 was signed by President Rodrigo R. Duterte on Dec. 28, 2020. Due to space constraints, I will not include items and agencies with spending below P20 billion. For comparison I include spending and revenues in the last two years, and also those in 2016, the last budget of the previous Aquino administration.
Data comes from the Budget of Expenditures and Sources of Financing (BESF). Here are some revelations:
1.
Big rise in spending… From 2019 to 2020, total expenditures increased by P490 billion, and another P406 billion increase in 2021. In contrast, the average increase in total expenditures in the previous administration, from 2011 to 2016 was only P171 billion per year.