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Manila Bulletin devider Business devider Marcos admin releases over ₱500 billion beyond 2024 budget—DBM

Marcos admin releases over ₱500 billion beyond 2024 budget—DBM

Published Feb 13, 2025 07:09 am

The Marcos administration exceeded its programmed allocations by over half a trillion pesos in 2024, according to the Department of Budget and Management (DBM).

Preliminary data from the DBM showed that releases from last year’s budget breached the ₱6-trillion mark as it hit ₱6.37 trillion, surpassing the ₱5.76-trillion programmed allocation.
Posted on Wednesday, Feb. 12, the report on the status of allotment releases said the government exceeded ₱610.9 billion—an increase of 10.59 percent. In 2023, the budget overshoot stood at ₱374.38 billion or higher by 7.11 percent.
Last year’s budget overshoot started in September 2024 when it went beyond the budget by over ₱65 billion, and continued increasing until December of 2024.

Government departments received a total of ₱3.97 trillion as of end-December 2024, while ₱490 billion was released for Special Purpose Funds.

Automatic appropriations released a total of ₱1.75 trillion, including ₱71.57 billion for government agencies’ retirement and life insurance premiums, ₱871.38 billion for the National Tax Allotment (NTA), and ₱70.51 billion for the Block Grant.

Unprogrammed appropriations, or budget allocations that are not initially included in the government's programmed budget, nearly leveled the budget overshoot as it also reached over half a trillion (₱531.37 billion.)

According to the bulk of share, the unprogrammed appropriations include the Department of Public Works and Highways’ (DPWH) ₱244.74 billion, the Department of Transportation’s (DOTr) ₱70.50 billion, the Department of Health’s (DOH) ₱52,89 billion, the Department of Education’s (DepEd) ₱33.1 billion, and the Department of Agriculture’s (DA) ₱30.74 billion.

Meanwhile, more than half of the ₱6.32 trillion national budget this year (2025) has already been released.

Latest DBM data showed that 64.9 percent or ₱4.1 trillion of the budget has been released, with ₱2.22 trillion still pending.

Of the released budget, government departments have so far received a total of ₱2.8 trillion, while a total of ₱1.03 trillion NTAs have already been disbursed.

Related Tags

2024 national budget Department of Budget Management Procurement Service
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