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Message of

President Oliver V. Cancio


To the Seventeenth Congress of the Philippines
On the National Budget for Fiscal Year 2017

September 02, 2017

Ladies and Gentlemen of the


17th Congress of the Philippines:

I have the honor to submit to you a Blueprint for New Start, through the Philippines of
the Senate and the Speaker of the House of Representatives, the Proposed Budget for Fiscal Year
(FY) 2017.

A budget is much more than a collection of numbers. A budget is a reflection of a


nations priorities, its needs, and its promise. This budget offers a new vision of governing for
our Nation. My budget strengthens and reforms education; preserves and protects Medicare and
Social Security; strengthens and modernizes our military; improves health care; and protects our
environment. Importantly, this budget creates an unprecedented funds reserve for additional
needs and contingencies.

Today, Philippines deserve to be proud and confident in their ability to meet the next set
of challenges. In the past years, we have risen to our responsibilities and, as a result, have built
an economy of unprecedented prosperity. We have done this the right wayby balancing fiscal
discipline and investing in our Nation.

This budget continues on the same path. It invests in education and training so Filipinos
can make the most of this economys opportunities. It invests in health and the environment to
improve our quality of life. It invests in our security at home and abroad, strengthens law
enforcement and provides our Armed Forces with the resources they need to safeguard our
national interests in the next century.

Ladies and Gentlemen, my commitment to implement real change lies at the core of the
P4.3 trillion proposed Budget for FY 2017.

After funding important priorities and retiring all Government debt possible, my budget
uses the remaining portion of the surplus to provide fair and reasonable tax relief to every
Filipino who pays income taxes. The Filipinos people have been overcharged for Government,
and they deserve a refund.
My budget does all these things, and more. I believe Filipinos best days are yet to come,
and I look forward to working with the Congress in a bipartisan fashion to ensure that our Nation
reaches its full potential as we begin a new start for everyone.

Halinat ating salubungin ang Kaunlaran para sa Lahat

OLIVER V. CANCIO
President of the Philippines

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