The government is planning to tap savings of agencies to augment programs related to addressing the coronavirus outbreak, including relief aid to the affected poor families. A resident of Makati City receives a first shot of Pfizer coronavirus vaccine from a health worker at the Makati Medical...
The Duterte administration will revisit its medium-term macroeconomic targets and fiscal program next week following a worse-than-expected economic performance in the first-quarter. In a media advisory released by the Department of Budget and Management (DBM), it said the inter-agency Development...
The Duterte administration has released more than half-a-trillion pesos to fund various government initiatives aimed at supporting the country’s coronavirus response, the Department of Budget and Management (DBM) said. In a statement on Tuesday, (May 11), the budget department announced...
Senator Risa Hontiveros has filed a measure urging the Commission on Audit (COA) to conduct a special audit of the government’s spending for its coronavirus disease (COVID-19) response under the two laws Congress passed to combat the negative impact of the pandemic. In filing Senate Resolution...
The Department of Budget and Management (DBM) assured that it will implement next year the Supreme Court ruling transferring more funds to local government units (LGUs), which the Asian Development (ADB) warned could disrupt public spending. Budget Secretary Wendel E. Avisado said they already...
The government was able to buy only P660-million worth of medical grade personal protective equipment (PPEs) from local manufacturers, which are still suffering from excess capacity due to poor local demand as government procurement policy favors the cheapest price being offered by importers....
The business sector has proposed a ten-point recommendation to the Duterte to push for economic recovery. At the Sulong Pilipinas Pre-SONA forum of the Economic Development and Infrastructure Clusters, Ambassador Benedicto V. Yujuico, president of the Philippine Chamber of Commerce and...
The Mines and Geosciences Bureau (MGB) is working to secure a budget for the hiring of more people as it anticipates an influx of several new mining applications following the signing of Executive Order 130, which lifted the ban on new mineral projects....
The Philippine Center for Postharvest Development and Mechanization (PHilMech) will be needing additional personnel to fulfill its role in the newly passed Republic Act (RA) 11524, also known as the Coconut Farmers and Industry Trust Fund Act or Coco Levy Act. ...
Only representatives from three government agencies – Department of Finance (DOF), Department of Budget and Management (DBM), and Department of Justice (DOJ) – will have the final say on how the Coconut Farmers and Industry Trust Fund (CFITF) will be managed and use. Based on the Republic Act...
On signing of Coco Levy Act The Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will result in the release of the P100-billion coco levy fund, has now been signed by President Rodrigo Roa Duterte, but its supposed beneficiaries are claiming that no justice or campaign promise...
The Department of Budget and Management (DBM) said it was able to release only the one-month equivalent of the 2018 pension differential of retired military and uniformed personnel (MUP) despite numerous inquiries from retirees. In a statement, the budget department said it disbursed only P2.85...
