Despite concerns over depleted Quick Response Funds (QRF) in some government agencies, the Department of Budget and Management (DBM) has assured the public that sufficient funds are available to support areas ravaged by recent natural disasters. In a statement on Thursday, Nov. 7, Budget...
Soaring interest payments, especially for debts that piled up to fight the Covid-19 pandemic, may slow down fiscal consolidation or budget-deficit reduction in the Philippines, according to the think tank Oxford Economics. "Because government deficits have ballooned quickly in the last few years, a...
BEYOND BUDGET (Part I) Assalamu alaikum wa Raḥmatullahi wa Barakatuh. I am immensely proud of our country for successfully hosting the first-ever ministerial-level International Conference on Women, Peace, and Security (ICWPS) last week, from Oct. 28 to 30, 2024. With 80 United Nations (UN)...
The Senate has retained the proposed P733-million budget of the Office of the Vice President (OVP) that the House of Representatives earlier approved in its version of the 2025 General Appropriations Bill (GAB). Senator Grace Poe, chairperson of the Senate Committee on Finance,...
By Derco Rosal For the first time in 10 years, the government has increased allowances for national employees working overseas to address the rising cost of living. On Oct. 30, President Ferdinand R. Marcos Jr. issued an executive order to update the regulations governing the payment of various...
The Senate is keen on scrutinizing once again all funds allocated for flood control mitigation but there is a necessity to also inquire into the government’s programs on climate change and climate adaptation, Senate President Francis “Chiz” Escudero said on Sunday, November 3. The...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives will prioritize the ratification of the proposed P6.352-trillion 2025 national budget for the rest of the year, although its various oversight hearings...
Senator Imee R. Marcos on Thursday, October 31 questioned the continuing severe flooding in the Bicol region, as she questioned how the P132 billion allocation for its flood control project since 2018 was utilized. “It’s unacceptable that ₱132 billion has been designated for...
Gender and Development (GAD) needs to be mainstreamed into the national budget, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman said at the international conference on women, peace, and security (ICWPS). “What we should do, more than tagging this budget, (is that) we...
Budget Secretary Amenah F. Pangandaman has assured that public projects jointly funded with bilateral and multilateral development partners will be implemented as scheduled next year, as most of them formed part of the regular 2025 budget proposal. "So far, when I saw the GAB [general...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I had the honor of participating in the Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR), which our country hosted for the first time in partnership with the United Nations Office for Disaster Risk Reduction...
By DERCO ROSAL Infrastructure spending declined in August, mainly due to the weak disbursements made by the Department of Public Works and Highways (DPWH), Department of Budget and Management (DBM) data revealed. In a DBM report, the Marcos administration’s spending on infrastructure and...
