Despite a slight reduction in the government's infrastructure budget for 2025, the Marcos administration is banking on increased investments in Public-Private Partnership (PPP) projects to bridge the gap. In a statement, Budget Secretary Amenah F. Pangandaman confirmed that the proposed 2025 budget...
President Marcos' economic team plans to reassess the country's macroeconomic assumptions following a significant slowdown in consumer prices, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said that the economic managers might consider revising the 2024...
Reforms in the government’s budget process could significantly improve the country’s chances of achieving the coveted “A” rating status, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman explained that the Public Financial Management (PFM) Reforms...
The Department of Budget and Management (DBM) has released P31.93 billion for salary increase for government employees as of Tuesday, Sept. 10. The DBM said it has begun distributing funds for salary adjustments, and the implementation is now underway across government agencies. This came after...
The Department of Budget and Management (DBM) has revealed plans to broaden the scope of the national indemnity insurance program (NIIP) to cover more than just school buildings. Budget Secretary Amenah F. Pangandaman said on Wednesday, Aug. 28, that the DBM wants to add other important...
One of President Marcos’ economic managers has said that an “A” credit rating from Moody’s Ratings is now within reach, as the government intensifies its efforts to achieve this coveted status. Although Moody’s has still kept the Philippines’ credit rating at “Baa2”—an...
FOR MONDAY ISSUE The national government's infrastructure spending is on track to meet its full-year target, the Department of Budget and Management (DBM) said. Based on the DBM's national government disbursement performance report, the budget allocated for infrastructure projects in the second...
Department of Budget and Management Secretary Amenah F. Pangandaman urged Congress to pass the National Government Rightsizing Program (NGRP) to address the issue of unfilled plantilla positions in the government. During a hearing of the Senate finance committee, Pangandaman said that the NGRP will...
The Department of Budget and Management (DBM) has urged agency heads to give priority to contract of service (COS) and job order (JO) workers when filling vacant government plantilla positions. In a statement on Thursday, Aug. 15, Budget Secretary Amenah F. Pangandaman said that 92 percent of the...
President Marcos has submitted to Congress his proposed national budget of P6.352 trillion for 2025. On Monday, July 29, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman delivered the National Expenditure Program (NEP) for Fiscal Year 2025 to the House of...
The Department of Budget and Management (DBM) said that almost half of the government's calamity funds are still available to assist people affected by Typhoon Carina and the southwest monsoon. According to Budget Secretary Amenah F. Pangandaman, approximately P11.12 billion remains in the calamity...
The Department of Budget and Management (DBM) plans to allocate approximately P10 billion next year for government employees' medical allowances. Budget Secretary Amenah F. Pangandaman said that a total of P9.5 billion had been earmarked for the Miscellaneous Personnel Benefits Fund (MPBF) in...
