The Securities and Exchange Commission (SEC) has signed a data sharing agreement (DSA) on beneficial ownership information with the Procurement Service of the Department of Budget and Management (PS-DBM) as part of efforts to combat illicit financial flows in the procurement process. The SEC...
The Marcos administration exceeded its programmed allocations by over half a trillion pesos in 2024, according to the Department of Budget and Management (DBM). Preliminary data from the DBM showed that releases from last year’s budget breached the ₱6-trillion mark as it hit ₱6.37...
To bolster public trust, the Philippine Statistics Authority (PSA) should spearhead the development of a clear and reliable nationwide data management system, ensuring accuracy and consistency. In a policy note on artificial intelligence (AI) released Friday, Feb. 7, the National Economic and...
Following the below-target economic expansion in 2024, President Marcos’ chief economic manager expressed confidence in the 2025 national budget, serving as the administration’s protection against risks. “The P6.326 trillion national budget for 2025 is the government’s most powerful...
Government workers are getting closer to receiving a salary increase as Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman already signed National Budget Circular No. 597, outlining the guidelines for the second tranche of the salary increase. “We hope that this...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the release of P30.409 billion to cover the regular pension requirements of military and uniformed personnel (MUP) for the first quarter of 2025. “For many MUP retirees and their families, pensions are a...
The Department of Budget and Management (DBM) has issued a statement firmly denying allegations that the president signed blank pages in the 2025 national budget. Following the accusations directed towards President Ferdinand Marcos Jr, the DBM asserted in a Jan. 20 statement that these are...
Nearly P800 billion worth of projects and programs covered by the changes and adjustments in the 2025 national budget will face delays in fund release until the president issues approval. Department of Budget and Management (DBm) Secretary Amenah Pangandaman cited Section 6 of the president’s...
The Department of Budget and Management (DBM) has inked an agreement with the Manila Bulletin Publishing Corporation and other major Filipino media companies for transparency and accountability in government. On Jan. 7, DBM Secretary Amenah F. Pangandaman and Manila Bulletin Publisher and EVP...
Government workers can expect a medical allowance of up to P7,000 annually, as the Department of Budget and Management (DBM) has announced its rollout starting 2025. DBM Secretary Amenah Pangandaman has approved the issuance of Budget Circular No. 2024-6, outlining the guidelines for providing a...
The national government is poised to surpass its infrastructure spending target for the year, fueled by the rapid implementation of various projects, the Department of Budget and Management (DBM) said. In a report, the DBM said overall infrastructure disbursements are projected to hit P1.54...
The Department of Budget and Management (DBM) announced that President Marcos has utilized his veto power to ensure the 2025 national budget aligns with the country’s development goals. In a statement on Monday, Dec. 30, Budget Secretary Amenah F. Pangandaman commended the President for his...
