To ensure a higher level of transparency and accountability in public spending, Department of Budget and Management (DBM) Secretary Amenah Pangandaman is pushing for stricter rules against erring contractors, suppliers, and consultants. Under the New Government Procurement Act (NGPA), contractors...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman said it has already ordered government agencies to submit their catch-up plans following its slowest spending in three quarters in the second quarter. “We already asked each agency to submit to us their catch-up plan,”...
A military and uniformed personnel (MUP) reform has not made the cut for the priority legislation of President Ferdinand Marcos Jr.’s three remaining years, as enacting changes would entail higher costs. “I think the reform will be more costly at this point in time,” Finance Secretary Ralph...
While the proposed 2026 national budget increased by more than seven percent, confidential and intelligence funds (CIF) were slashed by 11.2 percent, or ₱1.35 billion, from the existing national budget. Budget Secretary Amenah Pangandaman reported during the ceremonial turnover of the fiscal year...
Budget Secretary Amenah Pangandaman cautioned on Tuesday, July 29, that government projects may face paralysis next year should President Ferdinand Marcos Jr. veto a Congress-approved national budget that deviates from his administration 's priorities. While Finance Secretary Ralph G. Recto...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has assured the public that the Marcos administration has sufficient funds to address the needs of areas affected by recent flooding and the expected typhoons that may hit the country. Pangandaman said in a July 24 statement...
Despite limited resources, the Cabinet-level Development Budget Coordination Committee (DBCC) has approved a record-high national budget for next year at ₱6.79 trillion, with a focus on social services. Next year’s record-high budget would support sustained delivery of public goods and services...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the creation of 16,000 new teaching positions in public schools for 2025 to 2026, with a total budget of ₱4.2 billion, to strengthen the education sector and ensure sufficient manpower. The 16,000 new teaching...
While the Philippine economy’s growth missed the lower end of the government’s six to eight percent target, the Department of Budget and Management (DBM) said the growth across major sectors further fuels the agency’s confidence in achieving the full-year growth goal. “The fact that all...
Corruption within the government could be prevented as the new procurement law allows the Filipinos to track how public funds are spent, according to the Department of Budget and Management (DBM). On Monday, Feb. 10, the DBM released the implementing rules and regulations (IRR) of RA No. 12009, or...
Government workers are getting closer to receiving a salary increase as Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman already signed National Budget Circular No. 597, outlining the guidelines for the second tranche of the salary increase. “We hope that this...
