The Department of Budget and Management (DBM) approved the request of the Department of Public Works and Highways (DPWH) and the Department of Education (DepEd) to release funds for the construction of additional classrooms in the country. In a statement on Wednesday, Nov. 22, Budget Secretary...
The Department of Budget and Management (DBM) said the government has set aside about P20 billion to cover the benefits and allowances of healthcare and non-healthcare professionals for next year. In a statement on Thursday, Nov. 16, Budget Secretary Amenah F. Pangandaman said that the Marcos...
Qualified government employees will receive their year-end bonus (YEB) and cash gift (CG) starting Wednesday, Nov. 15, the Department of Budget and Management (DBM) announced. State workers can expect to receive a YEB equivalent to one month of their basic pay as of Oct. 31, along with a CG...
One member of the Advisory Body tasked with finding qualified candidates to lead the Maharlika Investment Corp. (MIC) has supported the new rules that give the President more power in selecting board members. Budget Secretary Amenah F. Pangandaman said the revised implementing rules and regulations...
The Department of Budget and Management (DBM) reported that higher public spending from July to September this year greatly contributed to a stronger-than-expected economic growth. Budget Secretary Amenah F. Pangandaman said the accelerated government spending in the third quarter contributed 36...
The Department of Budget and Management (DBM) directed government agencies with the lowest budget utilization rates to improve their spending, according to Senator Juna Edgardo "Sonny" Angara. During the plenary debates on the 2024 General Appropriations Bill (GAB) or House Bill No. 8990, Angara...
The Department of Budget and Management said that President Marcos showed support to the Filipino Muslims through the approval of an executive committee for the commemoration of Islamic presence in the country. In a statement, Budget Secretary Amenah F. Pangandaman expressed her gratitude towards...
The Department of Budget and Management (DBM) said that next year’s proposed national budget will include funding for the upgrade of regional hospitals and other healthcare facilities. In a statement, Budget Secretary Amenah F. Pangandama said about P49.75 billion would be set aside for the...
The Department of Budget and Management (DBM) said that next year's proposed national budget will focus on strengthening the nationwide healthcare system. In a statement, Budget Secretary Amenah F. Pangandaman said the DBM has allocated P22.98 billion to the Department of Health (DOH) for its...
The Department of Budget and Management (DBM) has released nearly P4 billion to fund the government’s tuition-free college education program. Budget Secretary Amenah F. Pangandaman said she approved a Special Allotment Release Order (SARO) amounting to P3.84 billion for the Universal Access to...
One of President's economic managers said the Marcos administration will carefully review every provision in the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act. Budget Secretary Amenah F. Pangandaman said on Thursday, Oct. 19, that the economic managers align...
The International Monetary Fund (IMF), through its Fiscal Division, commended the Philippines for proactively improving its Public Financial Management (PFM) systems through digital transformation. During one of the sessions of the IMF-World Bank (WB) Annual Meeting in Marrakesh, Morocco, IMF...
