(MANILA BULLETIN) Speaker Martin Romualdez gave his guarantee Wednesday, July 3 that the House of Representatives will make the passage of the proposed 2025 national budget its top priority for the rest of the year. Romualdez, leader leader of...
Camarines Sur 2nd district Rep. LRay Villafuerte (Rep. Villafuerte's Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte said local government units (LGUs) will have more resources to spend next year on programs benefitting senior citizens, persons...
BEYOND THE BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I was privileged to join fellow economic managers during the Philippine Economic Briefing (PEB) held in Tokyo, Japan on June 21, 2024. With me were Special Assistant to the President for Investment and Economic Affairs...
President Marcos has approved the proposed P6.352-trillion national expenditure program (NEP) for 2025, Malacañang announced. President Ferdinand 'Bongbong' Marcos Jr. presides over the 17th Cabinet meeting at the Malacañan Palace on July 2, 2024. (Photo courtesy of PPA/KJ Rosales) Marcos said...
The government will inject around P110 million into the country’s arts sector, such as game development and animation. Department of Budget and Management Secretary Amenah F. Pangandaman has approved the issuance of a special allotment release order and its corresponding notice of cash allocation...
The Department of Budget and Management (DBM) has instructed government agencies with low budget utilization rates to submit their catch-up plans. In a DBM circular letter dated June 28, the budget department ordered heads of departments, agencies, bureaus, and offices of the national government to...
The Office of the Vice President (OVP) will not seek confidential funds under the 2025 national budget, Vice President Sara Duterte said on Saturday, June 29. Vice President Sara Duterte delivers her message during the Office of the Vice President's (OVP) Pasidungog held in Cebu City on...
The Department of Budget and Management (DBM) announced that it will increase the government’s proposed budget for 2025 by 10 percent to P6.352 trillion from P5.768 trillion in 2024. During a briefing of the Development Budget Coordination Committee (DBCC), DBM Secretary Amenah F....
The country’s ambition to become upper middle-income status could be achieved in 2026, later than the government’s projection of 2025. That is, if the peso does not depreciate. National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan, during a briefing on Thursday, June...
The Department of Finance (DOF) reported an increase in the national government's budget deficit in May as government spending was much higher compared to the revenue collections. During the month, the Marcos administration’s fiscal deficit amounted to P174.9 billion, representing a substantial...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. June is almost over, but I cannot let this month pass without commemorating two important celebrations very close to my heart: Philippine Environment Month and National Information and Communications Technology (ICT) Month. We only have...
The Department of Budget and Management (DBM) has greenlit the release of P14 billion to cover the regular pension requirements of military retirees for the period of July to September 2024. The approval, granted on June 14, 2024, comes in response to the Department of National Defense (DND) –...
