JUST IN | President Rodrigo Duterte approves P4.506 trillion proposed national budget for 2021, according to a statement from the Department of Budget and Management.
Spending plan is 9.9 percent higher than the P4.1 trillion budget for 2020, and is equivalent to 21.8 percent of the country's gross domestic product next year, the DBM said.
It aims to "sustain government efforts" against COVID-19 by improving the healthcare system, "ensuring food security, increasing investments in public and digital infrastructure, and helping communities cope and prevail," the agency said.
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