EconomyForex

Minority House reps move to restore budget of state universities, colleges 

1 Mins read
THE UNIVERSITY of the Philippines Diliman campus in Quezon City. — UP.EDU.PH 

MINORITY lawmakers in the House of Representatives on Wednesday filed a resolution calling for the restoration of the proposed budgets of state universities and colleges (SUCs).    

House Resolution 403 asks the House Committee on Appropriations to restore the budget cuts on SUCs and allocate P122 billion in supplementary funds for the safe reopening of schools.    

The budget for SUCs in the 2023 National Expenditure Program amounts to P93.08 billion, 10.48% lower than this year’s budget of P103.97 billion.   

“Cuts in operating costs will adversely impact the capacity of SUCs to safely reopen their campuses for full face-to-face classes amid the COVID-19 pandemic. SUCs have also been given limited fiscal space for capital outlay which they strive to augment with their own revenue-generating sources,” the resolution stated.  

The resolution was filed by Representatives Raoul Danniel A. Manuel of Kabataan, Arlene D. Brosas of Gabriela, and France L. Castro of ACT Teachers — Matthew Carl L. Montecillo 

Related posts
EconomyForex

Samsung Care+ Premium is the perfect addition to make household investments last

3 Mins read
Samsung ensures your TVs and appliances stay at their best with extended protection and proactive, expert care As premium devices become essentials…
EconomyForex

Cash remittances hit 7-month high at $3.18 billion in July

2 Mins read
PHILIPPINE STAR/ MIGUEL DE GUZMAN By Katherine K. Chan FILIPINOS ABROAD sent more money home in July, hitting a seven-month high as…
EconomyForex

Peso to rise as Fed woes drag dollar

4 Mins read
BW FILE PHOTO THE PHILIPPINE PESO is expected to end the year stronger against the US dollar as the greenback remains under…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *