The Bureau of the Treasury reported that the Marcos administration's budget deficit fell well below the ceiling in the first nine months of the year due to higher-than-expected revenues. From January to September, the national government incurred a fiscal gap of P983.5 billion, 11 percent lower...
The Department of Budget and Management (DBM) has released nearly P4 billion to fund the government’s tuition-free college education program. Budget Secretary Amenah F. Pangandaman said she approved a Special Allotment Release Order (SARO) amounting to P3.84 billion for the Universal Access to...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Last Sept. 27, 2023, we, in the administration of President Bongbong Marcos (PBBM), welcomed the news that the Senate ratified the Bicameral Conference Committee Report on the Disagreeing Provisions of Senate Bill No. 2233 and...
Public spending likely exceeded the government's third-quarter program by a tenth, driven by accelerated infrastructure expenditures, the Department of Budget and Management (DBM) said. In the National Government's August 2023 disbursement report, the DBM indicated that the Marcos...
As higher education in the Philippines continues to suffer from setbacks, students and faculty or staff regents, student councils and publications, and faculty and employees unions called for the restoration of all budget cuts and further increase the allocation for higher education for Fiscal Year...
The procurement system for local government units (LGUs) will soon be digitalized, the Department of Budget and Management (DBM) said on Thursday, Oct. 19. Budget Secretary Amenah F. Pangandaman said there will be an electronic reverse auction and electronic or e-marketplace which will cater to...
One of President's economic managers said the Marcos administration will carefully review every provision in the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act. Budget Secretary Amenah F. Pangandaman said on Thursday, Oct. 19, that the economic managers align...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. On Oct. 5, our nation joined the international community in observing World Teacher's Day, the culmination of our National Teacher's Month celebration. The global theme, “The teachers we need for the education we want: The global...
Senators on Tuesday, October 17 expressed their support to the Bureau of Fisheries and Aquatic Resources’ (BFAR) budget request for the purchase of three monitoring, control and surveillance (MCS) vessels to help fisherfolk in the West Philippine Sea. This was after BFAR Director...
The International Monetary Fund (IMF), through its Fiscal Division, commended the Philippines for proactively improving its Public Financial Management (PFM) systems through digital transformation. During one of the sessions of the IMF-World Bank (WB) Annual Meeting in Marrakesh, Morocco, IMF...
Senator Cynthia Villar on Tuesday, October 17 vehemently opposed the P10-billion allocation for the importation of chemical fertilizer, and urged the government to promote the use of organic fertilizers instead which is more cost effective. Sen. Cynthia A. Villar, chairperson of the...
Senator Imelda “Imee” Marcos on Sunday, October 15 questioned the criticisms being hurled at Vice President Sara Duterte regarding the confidential and intelligence funds (CIF) request of the Office of the Vice President (OVP) and the Department of Education (DepEd) for 2024. The...
