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Philippine Lower House Approves PHP1.541 Trillion Budget For 2010MANILA -(Dow Jones)- The Philippine House of Representatives said Tuesday that it has approved a proposed PHP1.541 trillion ($32.8 billion) budget for 2010. The country's 2010 budget is 8% higher than this year's approved budget of PHP1.426 trillion due to an expected increase in spending following massive infrastructure damage wrought by recent typhoons. The Senate needs to approve its own version of the proposed budget before it is taken up by a bicameral committee, which will then endorse it for final approval by the President. -By Rhea Sandique-Carlos, Dow Jones Newswires; 632-848-5051; rhea.sandique- carlos@dowjones.com (END) Dow Jones Newswires 11-09-092336ET Copyright (c) 2009 Dow Jones & Company, Inc. |
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