The Development Budget Coordination Committee (DBCC) has increased its government revenue projection for this year due to stronger-than-expected collections and higher income from the customs and treasury bureaus. The DBCC, an interagency body responsible for setting the government’s...
The Development Budget Coordination Committee (DBCC) has maintained the government's economic growth target for the year and has marginally adjusted its forecast for next year. The DBCC, an inter-agency body tasked with determining the government’s macroeconomic assumptions, kept its gross...
Over 1.8 million state workers are set to receive a one-time service recognition incentive (SRI) of P20,000 beginning on Friday, Dec. 15 This as the Administrative Order (AO) No. 12, which will grant incentives to employees of several government agencies, has been approved by President Ferdinand R....
While the expected signing of the 2024 national budget before his Japan trip this week did not push through, President Marcos said it may happen in the coming days. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos said they are just waiting for the bicameral...
BACOLOD CITY – The city council has approved this city's P3.6-billion budget in 2024. The Sangguniang Panlungsod (SP) unanimously approved the annual expenditure during their regular session on Wednesday, December 13. Councilor Jude Thaddeus Sayson, chairperson of the Committee on Appropriation...
The Department of Budget and Management (DBM) approved additional 673 permanent faculty positions across the nine campuses of the Mindanao State University (MSU). Budget Secretary Amenah F. Pangandaman said the addition of job positions will boost the productivity of the university, which saw...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Last week was especially significant for us in government, as we observed National Government Employees' Week. For me, it was a celebration of unity, understanding, and collaborative efforts among the government workforce, which make the...
The Senate has ratified the bicameral conference committee report on the proposed P5.768-trillion national budget for 2024. In his sponsorship speech, Senate Finance Committee chairman Sen. Juan Edgardo “Sonny” Angara said the bicameral conference report affirmed an increase of...
The bicameral conference committee on Monday, December 11, has drafted the final version of the proposed P5.768-trillion General Appropriations Bill (GAB) for 2024. The bicameral conference committee report on the 2024 General Appropriations Bill has been approved by the Senate and House...
The Marcos administration has already spent 98 percent, or P5.41 trillion, out of the P5.54-trillion adjusted full-year program as of end-November this year on the back of more spending, according to Department of Budget and Management Secretary Amenah F. Pangandaman. This was higher by 4.2 percent...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I was thrilled to witness a new era of cooperation between the Republic of Korea and our very own Procurement Service (PS)-Department of Budget and Management (DBM). Last week, together with the Philippine delegation composed of...
Senator Francis “Chiz” Escudero on Sunday, December 3 said he is confident that the bicameral conference committee tackling the proposed 2024 General Appropriations Bill (GAB) will accede to the provision inserted by the Senate that would allow Filipino passengers to reimburse their...
