The Department of Budget and Management (DBM) said President Marcos has approved the release of a one-time Service Recognition Incentive (SRI) to qualified government workers ahead of the holiday celebrations. In a statement, Budget Secretary Amenah F. Pangandaman said on Monday, Dec. 19, that the...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
The Department of Budget and Management (DBM) approved the release of funding for the Marawi City General Hospital (MCGH). In a statement, Budget Secretary Amenah F. Pangandaman said on Monday, Dec. 12, that DBM released P44.38 million to cover the funding requirements to develop and equip MCGH....
The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA). In a statement, Budget Secretary Amenah F. Pangandaman said the DBM signed the memorandum of agreement...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
The Philippines has maintained its lead in Southeast Asia in the public participation indicator of the 2021 Open Budget Survey (OBS) conducted by the International Budget Partnership. Based on the results of the survey, the Philippines scored 35 points out of 100 in terms of the formal...
The Department of Budget and Management (DBM) has tapped its unprogrammed appropriation to fund the one-month requirement of a government aid to the poorest households in the country. Budget Secretary Amenah F. Pangandaman said the department approved the release of the Special Allotment Release...
The Department of Budget and Management (DBM) has approved the release of funding for the protein-enriched copra meal (PECM) commercialization project of the Department of Agriculture. In a statement, Budget Secretary Amenah F. Pangandaman said the DBM will release P69.7 million to support the PECM...
The Department of Budget and Management (DBM) has laid out several important strategic priorities to address existing gaps on open and inclusive governance. At the Pilipinas Conference 2022 on Monday, Nov. 21, Budget Secretary Amenah F. Pangandaman, said the government needs to leverage digital...
Government workers will receive their year-end and cash gift bonus beginning Tuesday, Nov. 15. In a statement, Budget Secretary Amenah F. Pangandaman said the national government earmarked P65.35 billion to cover the year-end and cash gift bonus of state personnel. Of that amount, P56.73 billion is...
The Department of Budget and Management (DBM) approved the release of P335.81 million as Bangsamoro Autonomous Region in Muslim Mindanao’s (BARMM) share in taxes. Budget Secretary Amenah F. Pangandaman said on Thursday, Nov. 10, said that BARMM gets P335.81 million share from the taxes and other...
