Presumptive President Ferdinand R. Marcos Jr. would get P5.086 trillion national budget for 2023, almost a reenactment of the 2022 national budget of P5.024 trillion. The inter-agency Development Budget Coordination Committee (DBCC) approved on Tuesday, May 24, the proposed appropriations next...
The Department of Budget and Management (DBM) has released the sickness and death benefits to public and private healthcare workers (HCWs) who are involved in Covid-19 response this year. In a statement, the budget department said on Sunday, May 15, that it released P1.081 billion to the Department...
The country's judiciary will get more support from the government if Senator Emmanuel 'Manny' Pacquiao wins in the presidential race. Pacquiao gave the assurance on Tuesday as he lamented the lack of budget for the Philippine courts that hinder the lawyers and judges from bringing immediate...
Shown in photo is the distribution of fertilizers to the different typhoon-stricken local government units in Northeastern Mindanao. (Photo courtesy of DA 13 PIO Chief Emmylou T. Presilda via Mike U. Crismundo/Manila Bulletin) BUTUAN CITY – In an effort to sustain their rehabilitation effort on...
The national government's budget deficit declined in the first three-months of the year after revenues grew by double-digits, outpacing the increase in public spending, the Bureau of the Treasury reported. On Wednesday, April 27, the Treasury bureau showed that the government incurred a P316.8...
Presidential candidate Panfilo ‘Ping’ M. Lacson said the national budget is the most important legislation that members of the Senate and the House of Representatives pass every year because without it, government agencies and other state-funded projects could not move to deliver essential...
Senatorial candidate Sorsogon Governor Francis ‘’Chiz’’ Escudero on Friday, April 8 said the Department of Education (DepEd) should immediately release the funds intended for its field offices to prepare public schools across the country for face-to-face classes. Escudero made the call...
It was a Bohol mayor who ignited the passion of independent presidential candidate Senator Panfilo "Ping" M. Lacson to scrutinize the national budget. At the start of a meeting with representatives of sectoral groups in Bohol on Tuesday, Lacson thanked Jagna Mayor Joseph Rañola for teaching him...
The national government’s budget deficit narrowed in February this year owing to lower public spending. Data from the Bureau of the Treasury showed that the government incurred a P105.8 billion fiscal gap during the month, down by nine percent from P116 billion in February 2021. The slimmer...
Infrastructure spending accelerated last year, but it was mainly driven by low base effect of the Covid-19 pandemic in 2020, the Department of Budget and Management (DBM) reported. Public spending on infrastructure and other capital outlays rose 31 percent to P895.1 billion in 2021 from P681.5...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
The national government posted a bigger budget deficit in the first month of the year owing to higher interest payments, data from the Bureau of the Treasury showed. The government incurred a P23.4 billion fiscal gap in January 2022, higher by 66.3 percent compared with P14.1 billion in the same...
