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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.
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.
OLIVER V. CANCIO
President of the Philippines