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Manila Bulletin devider Business devider DBM starts releasing year-end bonus, cash gift

DBM starts releasing year-end bonus, cash gift

Published Nov 15, 2023 12:24 am

At A Glance

  • The Department of Budget and Management (DBM) announced the release of the Year-End Bonus (YEB) and Cash Gift (CG) to qualified government employees.<br>The YEB is equivalent to one month of basic pay as of October 31.<br>The CG amount is ₱5,000.<br>The YEB and CG will be given to eligible government employees starting on Nov. 15, 2023.<br>Eligibility for receiving the YEB and CG requires at least four months of service from Jan. 1 to Oct. 31 of the current year and continuous employment in the government.

Qualified government employees will receive their year-end bonus (YEB) and cash gift (CG) starting Wednesday, Nov. 15,  the Department of Budget and Management (DBM) announced.

State workers can expect to receive a YEB equivalent to one month of their basic pay as of Oct. 31, along with a CG of P5,000, which will be disbursed no earlier than Nov. 15, 2023, the DBM said in a statement.

“This is a well-deserved symbol of appreciation for our government workers, our heroes, who give their all for the country— those who walk the extra mile and spend longer work hours out of their sheer sense of public service,” Budget Secretary Amenah F. Pangandaman said.

“This is in line with the directive of President Ferdinand R. Marcos, Jr. to ensure that our government workers are given these rightful tokens for all their sacrifices that are greatly contributing to the reactivation of our economy,” she added.

Eligibility for receiving the YEB and CG is granted to public servants who have completed a minimum of four months of service from Jan. 1 to Oct. 31, 2023 and continue to be employed in the government.

In the case of the national government agencies (NGAs), the DBM has allotted P45.3 billion for the YEB of the civilian personnel and P15.2 billion for the military or uniformed personnel.

Meanwhile, P8.9 billion was allocated for the CG of over 1.7 million civilian and military and uniformed personnel in the NGAs.

The appropriations for the YEB and the CG were already comprehensively released to the NGAs concerned at the start of the fiscal year.

Pangandaman, meanwhile, reminded government workers to use their bonuses wisely, and only spend it for their needs, and for the things that matter. 

“Alam ko marami sa inyo na excited matanggap ang bonus ninyo, pero sana huwag natin kalimutang gamitin ito ng tama. Spend it wisely, and invest it on things and needs that truly matter. Unahin ninyo ang mga kailangan kaysa luho lang,” Pangandaman said. 

[I know many of you are excited to receive your bonus, but let's not forget to use it correctly. Spend it wisely, and invest it on things and needs that truly matter. Prioritize necessities over luxuries.]

Related Tags

cash gift year-end bonus Department of Budget and Management Budget Secretary Amenah F. Pangandaman
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