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Cash Budgeting System Proposed
The Philippine Star
|July 07, 2025
Speaker Martin Romualdez has filed a bill seeking to overhaul the national budgeting system every year into a cash-based one.
Co-authored with Tingog party-list Reps. Andrew Julian Romualdez and Jude Acidre, House Bill 11, also known as the Budget Modernization Act, aims to accelerate the delivery of government services, eliminate wasteful spending and make all government transactions easier to monitor and assess, or ensuring public funds deliver concrete results instead of being trapped in delays and inefficiency, Romualdez said.
"Every centavo and peso counts in the national budget to our taxpayers. That is why this should be spent efficiently and should produce clear results to Filipinos in general, especially those who need them the most," he said.
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