budget allocation philippines 2022 2021 budget allocation philippines

So after much planning, Oklahoma Policy Institute's Fiscal Year 2022 State Budget Highlights and Philippines's 2021 Budget Allocation are out! Let's loosen our belt tight buckles and dig in!

Oklahoma Policy Institute's Fiscal Year 2022 State Budget Highlights

image of the pie chart shows the overall allocations of the Oklahoma Policy Institute's Fiscal Year 2022 State Budget, with the top 10 categories labeled

The budget sees most of its money going to Health and Human services and transportation, with $2.53 billion, and $1.59 billion respectively. Second and third place go to General Government and Public Safety, with $1.75 billion and $1.30 billion, respectively.

2021 Budget Allocation Philippines

A rectangular shape figure listing different categories from National Economic and Development Authority and their allocated budgets

The budget for 2021 for the Philippines given by the National Economic and Development Authority sees most of its money going to the Economic services category with a whooping P1.14 trillion. This is followed by the Social services category with P945.9 billion, and General Public services with P651.3 billion. Infrastructure and Other services come fourth and fifth, with Allocations of P4.7 trillion and P447.2 billion, respectively.

Since the budget allocations are done, let's grab some more discussion on how to make the most out of these allocated funds. In Oklahoma, how can the local communities take advantage of the budgets allocated to Health and Human services? Or, in the Philippines, apart from constructing infrastructures that can help the country develop, how can we make sure the Social services sector can support the people who rely on them?

These questions can be tackled by diving deep into the topic and to identify where the money works best, and if it's acquired through the right methods. It'll be up for the local and national government to decide the best course of action for the communities and people in the long run.

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