DBM releases 98.9% of 2019 budget

Published December 16, 2019, 12:00 AM

by manilabulletin_admin

By Chino S. Leyco

The national government has nearly disbursed its budget appropriations for this year, the Department of Budget and Management (DBM) said yesterday.

In a statement, the DBM said that it has released ₱3.622 trillion, or 98.9 percent of the ₱3.662-trillion fiscal year 2019 obligation program as of November 30.

Allotment releases to the line departments amounted to ₱2.056 trillion. These include funds allocated for agencies in the Executive branch, Congress, the Judiciary, and other constitutional offices.

Releases from Special Purpose Funds (SPFs) amounted to ₱369.04 billion.

SPFs are budgetary allocations in the GAA allocated for specific socio-economic purposes such as Budgetary Support to Government Corporations, Allocation to Local Government Units, Contingent Fund, Miscellaneous Personnel Benefits Fund, National Disaster Risk Reduction and Management Fund, and Pension and Gratuity Fund.

Allotment releases for automatic appropriations, or appropriations programmed annually or for some other period prescribed by law, inched up to ₱1.076 trillion.

These include 100 percent of the FY 2019 program for the Internal Revenue Allotment of local government units, Pension of Ex-President/Ex-President Widows, Special Account in the General Fund, Net Lending, Interest Payments, Tax Expenditures Fund/Customs Duties and Taxes, and Retirement and Life Insurance Premium (RLIP) requirements.

Moreover, the ₱51.59 billion in payments for RLIP requirements released over the period is inclusive of ₱4.43 billion pertaining to additional requirements for newly-created or -filled positions in various agencies, resulting in a 109.4 percent release for the category.

The DBM has also released ₱26.158 billion as of end-November from the continuing appropriations of the 2018 GAA for line departments and releases from SPFs.

Continuing appropriations refer to appropriations available to support obligations for a specified purpose or project, such as multi-year construction projects which require the incurrence of obligations beyond one fiscal year.

As for unprogrammed appropriations, ₱64.812 billion have been released.

Unprogrammed appropriations are standby appropriations which authorize additional agency expenditures for priority programs and projects when revenue collections exceed the resource targets or when additional grants or foreign funds are generated.

Allotments for other automatic appropriations, amounting to ₱29.825 billion, have also been released.

The immediate release of funds by the DBM will ensure that national government agencies are able to swiftly implement their programs and projects, such as the construction of new roads, schools, and hospitals, and the protection and promotion of the welfare of the poor and marginalized sectors, among others.