STATEMENT OF SECRETARY ROMULO ON THE 2005 DFA BUDGET
19 OCTOBER 2004, DFA MEDIA ROOM

I wish to inform you that the Department of Foreign Affairs is submitting for consideration by the Committee on Appropriations of the House of Representatives a budget for fiscal year 2005 in the amount of PhP4,937,633,000.00 which is about .5% of the total budget proposed by the government of P907,589,726,000.00. For the current fiscal year, the budget allocated to the DFA is P4,409,389,000.00.  There has been an increase of 11% or  P528,244,000.

The Fiscal Year 2005 budget is broken down into the following components:

The proposed budget for 2005, which I restate is .5% of the total national budget, will enable the Department to fully implement the three pillars of President Arroyo’s foreign policy, namely, ensuring national security, conduct of economic diplomacy and the promotion of the interest and welfare of over 7 million Overseas Filipino Workers.

In keeping with the austerity program of the Government, the Department of Foreign Affairs is undertaking various cost cutting measures to ensure that the tax payer’s money is judiciously spent.

The DFA will be presenting its budget for 2005 at the budget hearing to be conduct by the House Committee on Appropriations tomorrow, 20 October 2004.   It is my hope that the Honorable Members of the House Committee would lend their support for the DFA’s budget proposal that would empower the Foreign Service Corps in its service for the Government and Filipinos. END