1:56 AM
December 5, 2012 10:55am

A joint panel of the Senate and House of Representatives on Wednesday approved the proposed P2.006-trillion national budget for 2013.
 
The office of Senate finance committee chair Sen. Franklin Drilon told GMA News Online  that the budget was approved without any major changes.
 
The bicam report will be submitted to the Senate and the House of Representatives later in the day for ratification of the two chambers.
 
“We will wrap up everything this week, so that we can proceed with the printing of the enrolled bill. We expect it to be signed by the House Speaker and the Senate President by the third week of December,” Drilon said in an earlier statement.
 
Drilon earlier said that he is confident that on or before December 20, the President will be able to finish reviewing the budget and sign the bill into law. 
 
“This will be the third year that the budget will be enacted into law in time for the coming fiscal year," he said.
 
Last week, the Senate approved the 2013 budget with only Sen. Joker Arroyo voting against it.

The 2013 budget is 10.5 percent higher than this year's budget of P1.816 trillion.
 
Drilon said the 2013 national budget will provide funding for public services, provide more jobs, better education, and improved healthcare services.
 
“The 2013 national budget, once signed into law, will provide for funds to finally close the resource gaps in education system such as the shortage of teachers and educational resources, as well as the lack of enough classrooms,” he said. — RSJ, GMA News

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