Senator Joel Villanueva underscored the need to ensure that sufficient funding is allocated for the implementation of enacted laws. Villanueva, Senior Vice Chairperson of the Senate Committee on Finance, pointed out that a 2023 Department of Budget and Management (DBM) report revealed that over 200...
The government will provide 25 kilograms of rice assistance to all active military and uniformed personnel (MUP) to help them manage socio-economic challenges and support the agriculture sector. Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman commended the president for...
Vice President Sara Duterte admitted that the Office of the Vice President’s (OVP) free bus rides, financial assistance, and operations of its satellite offices will be affected by the budget cut adopted by the Senate in next year’s national budget proposal. Vice President Sara Duterte...
Senate Minority Leader Aquilino "Koko" Pimentel III on Sunday, November 10 urged state economic managers to exercise fiscal discipline in light of the government's ballooning debt which now stands at P15 trillion. Pimentel expressed his concern in a radio interview as he reiterated his call...
Following the lower-than-expected third-quarter growth, the Department of Budget and Management (DBM) said it will prioritize agriculture and climate action to foster stronger economic growth in the year’s final three months. “We will reinforce our prioritization of agriculture and climate...
The Department of Education (DepEd) announced on Friday, Nov. 8, that it has successfully defended its budget in the Senate following deliberations at the plenary level. (Photo courtesy of DepEd) In a statement, DepEd confirmed the Senate’s approval of its P793.740-billion budget for next...
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...
