Bicam OKs report on P4.1-T proposed 2020 budget

The bicameral conference committee approved on Wednesday the report on the proposed P4.1-trillion national budget for 2020.

The members of the joint panel signed and adopted the report during a meeting held at the Manila Polo Club in Makati City.

During the meeting, House appropriations committee chair Rep. Isidro Ungab said they finalized the bicam report on Tuesday evening.

“Day and night we met. It was a long, two-week hard work and last night we finally finalized the bicam report,” he said.

“Since most of the members signed it already I consider it adopted.”

Present in the bicam meeting were Senate finance committee chairman Senator Sonny Angar and Majority Leader Juan Miguel Zubiri, Senators Christopher “Bong”Go, Cynthia Villar, Richard Gordon, Ralph Recto, Imee Marcos, Nancy Binay, Sherwin Gatchalian, Joel Villanueva, Grace Poe, and Francis Pangilinan.

Absent were Minority Leader Franklin Drilon, as well as Senators Panfilo Lacson and Pia Cayetano.

The bicam report will be presented to the Senate and House of Representatives for ratification before it is sent to President Rodrigo Duterte for signature.

Duterte can either sign the proposed budget bill into law or veto it. —KBK, GMA News