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Philippines' Duterte calls special parliament sitting to seal 2021 budget

Published 10/09/2020, 10:22 PM
Updated 10/09/2020, 10:30 PM

MANILA, Oct 9 (Reuters) - Philippines President Rodrigo
Duterte on Friday called a special session of parliament for
Oct. 13-16 to finalise a 4.5 trillion peso ($93 billion) budget
for next year to help the battered economy recover from the
coronavirus pandemic.
It would be the penultimate budget under the single,
six-year term of the firebrand leader, whose allies dominate
both chambers of congress.
The special session to discuss the 2021 national budget will
be held over four days next week, Harry Roque, Duterte's
spokesman, said in a statement.
Next year's budget would fund government projects to combat
the novel coronavirus and rebuild the economy, Roque added.
Before the pandemic, the Philippine economy was among the
fastest growing in Asia. But the government expects gross
domestic product to shrink 5.5% this year, before rebounding to
6.5%-7.5% growth in 2021.
Duterte on Thursday told the lower chamber, which is on
break until November, to end a leadership row and pass a budget.
The budget ministry initially proposed a 4.3-trillion-peso
budget for 2021, then increased it to 4.5 trillion pesos upon
submitting it to congress.
($1 = 48.37 Philippine pesos)

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