House Speaker Martin Romualdez has given a time frame for the possible singing of the P5.268-trillion General Appropriations Bill (GAB) for 2023. House Speaker Martin Romualdez (2nd from left) and President Ferdinand "Bongbong" Marcos Jr. (rightmost) In a short address during his Christmas blowout...
Senate Committee on Finance Senator Sonny Angara on Wednesday, December 7 said he is optimistic that the proposed P5.268-trillion budget of the government for next year would revitalize the country’s economy after two years of the COVID-19 pandemic. “It is a budget for national recovery. It’s...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
The Marcos administration’s first national expenditure program underwent thorough scrutiny and was subject to intense debates by lawmakers before it was ratified. Senate Finance Committee chief Senator Sonny Angara gave this assurance when he presented the bicameral conference committee report on...
Senator Risa Hontiveros on Monday night, December 5, expressed her frustration at the way Congress failed to demonstrate its “power of the purse” with the full restoration of confidential and intelligence funds (CIFs) that have been slashed during the budget deliberations at the Senate....
The House of Representatives has ratified the Bicameral Conference Committee report on the proposed P5.268-trillion General Appropriations Bill (GAB) or national budget for 2023. House Speaker Martin Romualdez (Speaker’s office) The House did so during plenary session at past 6 p.m. Monday night,...
Recognizing their hard work and dedication to duty, Speaker Martin Romualdez on Monday, Dec. 5, praised the officials and employees of the House of Representatives for their valuable contribution in advancing the chamber’s legislative agenda. Speaker Martin Romualdez speaks to the officials and...
House Speaker Martin Romualdez has expressed high hopes on the proposed P5.268-trillion national budget, which moved one step closer to enactment Monday, Dec. 5, after Bicameral Conference Committee meetings on the measure were concluded. House Speaker Martin Romualdez (Speaker’s office) “With...
The Bicameral Conference Committee hearings on the P5.268-trillion General Appropriations Bill (GAB) have wrapped up, with the leader of the House of Representatives contingent calling the measure "a very good budget". Ako Bicol Party-list Rep. Zaldy Co (Screenshot from YouTube live) The approval...
President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
The second and most likely final Bicameral Conference Committee meeting between the House of Representatives and the Senate on the proposed P5.268-trillion national budget for 2023 will take place Monday, Dec. 5, the Manila Bulletin learned. (Unsplash) The site of the meeting will be the Manila...
The Philippines has maintained its lead in Southeast Asia in the public participation indicator of the 2021 Open Budget Survey (OBS) conducted by the International Budget Partnership. Based on the results of the survey, the Philippines scored 35 points out of 100 in terms of the formal...
