The Department of Budget and Management (DBM) announced on Friday, Jan. 13, that it has released P14 billion to cover the regular pension requirements of military retirees. In a statement, Budget Secretary Amenah F. Pangandaman said the Special Allotment Release Order (SARO) for the military...
The Department of Budget and Management (DBM) said government workers will receive higher pay beginning this month, the last tranche of the mandated salary hikes for state employees. In a statement, Budget Secretary Amenah F. Pangandaman said the fourth tranche of the pay increase mandated by...
2023 budget to address immediate concerns—DBM By Chino S. Leyco The spending priorities of the Marcos administration’s first national budget for the new year, amounting to P5.268 trillion, is the starting point of the eight-point socioeconomic agenda in the near term. This aims to address the...
The Department of Budget and Management (DBM) said it will use the technology to transform the government’s procurement policies and processes to boost public trust on their government. Budget Secretary Amenah F. Pangandaman said the procurement policies and processes of the government need to...
The Public Financial Management Committee (PFMC) has made significant strides toward achieving the Marcos administration’s socioeconomic goals of bureaucratic efficiency and sound fiscal management. During the recent PFMC meeting, Budget Secretary Amenah F. Pangandaman reiterated their continued...
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...
