A record-high 2023 budget has been accorded to the Energy Regulatory Commission (ERC) to enable the regulatory body to strengthen its mandate to implement a "rate reset" or rate adjustment of regulated power utilities, primarily the National Grid Corporation of the Philippines (NGCP), as well as...
The budget of the Philippine National Oil Company (PNOC) has been reduced by P2.5 billion for 2023 as part of efforts to compel the government-owned and controlled corporation (GOCC) to refocus its mandate into providing stable and secure supply of oil, including the exploration of oil and gas. The...
After four weeks of meetings and deliberations, the 11th Pasig City Council has finally approved, on third and final reading, the proposed P15 billion annual budget of the city for fiscal year 2023. During its regular session on Thursday, Nov. 10, the city council passed on third reading the...
Senator Alan Peter Cayetano has called on the Senate to ensure that deliberations on the budgets of the Armed Forces of the Philippines (AFP), the Philippine National Police (PNP), and the Department of National Defense (DND) are tagged as confidential to prevent insurgents from getting information...
The Senate has approved the proposed P32.4 billion 2023 budget of the Department of Finance (DOF) and Department of Budget and Management (DBM) along with their attached agencies and state-owned companies. Senator Juan Edgardo M. Angara, chair of the Senate Finance Committee, sponsored and defended...
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...
A lingering disconnect between the Department of Budget and Management (DBM) and the National Power Corporation (Napocor) over the latter’s 2023 budget allocation could lead to very unsavory consequences for Filipinos. (Amie Johnson/ Unsplash) Senior Deputy Minority Leader and Northern Samar 1st...
The Senate has approved the proposed budget for next year of the Department of Budget and Management (DBM), the Department of Finance (DOF), the National Economic and Development Authority (NEDA), and the Legislative-Executive Development Advisory Council (LEDAC). The proposed budget of the DBM for...
Senate Minority Leader Aquilino "Koko" Pimentel III on Wednesday, November 9 sought the realignment of the Marcos administration’s P9.3-billion intelligence and confidential funds (CIFs). If this is not possible, Pimentel said these funds should be used for food, ‘ayuda’ (financial...
Department of Migrant Workers (DMW) Secretary Susan Ople has expressed optimism of the immediate approval of their proposed P15.2 billion budget for 2023. Ople said the budget would formally constitute the department as a full-fledged cabinet office as it would allow the provision of effective and...
The Marcos government’s P5.268-trillion national budget for 2023 is very much aligned to the administration’s Medium-Term Fiscal Framework (MTFF), which would serve as the country’s blueprint to full economic recovery, Senate Finance Committee chief Senator Sonny Angara said on Tuesday,...
The Marcos administration is planning to spend over P200 billion next year to mitigate the impact of skyrocketing consumer prices on the most vulnerable sectors, the Department of Budget and Management (DBM) said. In a statement on Monday, Nov. 7, Budget Secretary Amenah F. Pangandaman said they...
