Malacañang said it will respond appropriately, if required by the Supreme Court, after three members of the House of Representatives filed a petition challenging the constitutionality of the P449.50 billion unprogrammed funds in the 2024 national budget. "The Executive Department will answer...
Over P30 billion was allotted for the health emergency allowances (HEA) of healthcare and non-healthcare workers last year, the Department of Budget and Management (DBM) announced. The DBM said that this fund covered the payment of HEA claims, which has a budget of P88.14 billion, as compensation...
The Marcos economic team said it supports the appointment of former House Deputy Speaker and Batangas Representative Ralph G. Recto as the new finance secretary. In a statement, former Finance Secretary Benjamin E. Diokno expressed confidence in Recto, who was also a former senator and...
Former Finance Secretary Benjamin E. Diokno is set to join the Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), a ranking government official announced. In a statement, Budget Secretary Amenah F. Pangandaman said on Friday, Jan. 12, that Diokno, a former central...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. The new year is about new beginnings. I am happy to note that the Maharlika Investment Corporation (MIC), which shall govern the Maharlika Investment Fund (MIF), has hit the ground running with its inaugural meeting on Jan. 3,...
House Appropriations Committee chairman Rep. Elizaldy Co on Tuesday, January 9 rejected claims that an additional P12-billion budget of the Commission on Elections (Comelec) would be used to finance Charter change. Co is referring to Albay Congressman Edcel Lagman’s claim that P12-billion...
The Department of Budget and Management (DBM) allocated an additional P3 billion that will fund the repair and rehabilitation of elementary and secondary school buildings. Budget Secretary Amenah F. Pangandaman has approved the release of a Special Allotment Release Order (SARO) that amounts to...
Senator Christopher "Bong" Go said he is confident that the increase in the Department of Health’s (DOH) budget would bode well for the millions of Filipinos this year. The Senate Committee on Health and Demography chairman noted that under the 2024 General Appropriations Act (GAA),...
The Department of Budget and Management (DBM) is confident that the national government has achieved its infrastructure spending target for last year. In the latest national government disbursement performance report, the DBM stated that the overall infrastructure spending for January to December...
The government has allotted some P56 million to cover the construction of a three-story building of the Mindanao State University in Marawi City. Budget Secretary Mina F. Pangandaman has approved the release of the Special Allotment Release Order (SARO) of over P55.65 million to fund the Student...
The Department of Budget and Management (DBM) said it will implement the approved spending appropriations for this year, even if there are legal challenges regarding unprogrammed funds in the Supreme Court. On Wednesday, Jan. 3, the budget department maintained that the unprogrammed funds in the...
Senate Minority Leader Aquilino "Koko" Pimentel III said on Wednesday, Jan. 3 that he is targeting to file his petition before the Supreme Court (SC) on the unconstitutionality of the additional P450-billion unprogrammed funds in the 2024 national budget this week. "The target is this week but...
