Budget shelf life extended

November 26, 2018

THE House of Representatives yesterday approved on third and final reading the resolution extending the shelf life of the 2018 national budget.

With a vote of 196, House Joint Resolution No.3 was passed, extending the 2018 national budget utilization until December 31, 2019.

With the extension the  funds for maintenance and other operating expenses (MOOE) and capital outlay (CO) under the 2018 national budget may be used until the end of 2019.

The resolution also intended to include allocations for the ongoing rehabilitation of Marawi City.

The 2018 national budget is P3.767 trillion.

Likewise, the joint resolution stressed the need to provide funds for the MOOE and CO of different government agencies and priority projects.

Under Republic Act 10964 or the General Appropriations Act of 2018, the validity of the MOOE and CO is limited to one year.

However, the country has been affected by several devastating calamities such as Typhoons Rosita and Ompong, floods caused by southwest monsoon in many regions of the country.

“The onslaught of the said calamities destroyed vital infrastructures and affected the delivery of basic services to the affected communities,” the resolution said.

According to the solons, there are appropriations that have not been released and allotment issued that have not been obligated which shall automatically result in the reversion of the unexpended appropriations.

They stressed that there are so many construction or repair of school buildings, hospitals, roads, bridges, and other essential facilities of national and local government that are yet to be completed.

Authors of the resolution are Speaker Gloria Macapagal Arroyo, House Majority Leader Rolando “Nonoy” Andaya Jr., Compostela Valley Rep. Maria Carmen Zamora, and House Minority Leader and Quezon Rep. Danilo “Danny” Suarez.