The General Appropriations Act (GAA) for 2023 worth P5.268-trillion ensures that there would be sufficient financial aid for the sectors who were greatly affected by the COVID-19 pandemic, Senator Sonny Angara said on Friday, December 16. Angara, Senate Finance Committee chairman, said Congress has...
Congress has achieved a rare feat with Friday afternoon's signing of the P5.268-trillion national budget for 2023, according to House Speaker Martin Romualdez. From left to right: Senate President Migz Zubiri, President Ferdinand "Bongbong Marcos Jr., and House Speaker Martin Romualdez (Speaker’s...
The P5.268-trillion national budget for 2023the first full-year outlay of the Marcos administrationwill be "immediately deployed" for the benefit of Filipinos. (MANILA BULLETIN) Thus, said House Speaker Martin Romualdez who held a briefing with Manila-based reporters in Brussels, Belgium on...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
The Department of Budget and Management (DBM) approved the release of funding for the Marawi City General Hospital (MCGH). In a statement, Budget Secretary Amenah F. Pangandaman said on Monday, Dec. 12, that DBM released P44.38 million to cover the funding requirements to develop and equip MCGH....
BETTER DAYS Senator Sonny Angara In just seven weeks after his administration was formally inaugurated in late June of this year, President Bongbong Marcos transmitted to Congress his government’s proposed budget for 2023, otherwise known as the National Expenditure Program (NEP). The NEP details...
The P5.268-trillion national budget ratified by Congess will include support for the Alternative Learning System (ALS) that will benefit thousands of Filipino learners. (This photo was taken in Quezon City by the DepEd in September 2021.) Senator Win Gatchalian, chairman of the Senate Committee on...
The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA). In a statement, Budget Secretary Amenah F. Pangandaman said the DBM signed the memorandum of agreement...
House Speaker Martin Romualdez has given a time frame for the possible singing of the P5.268-trillion General Appropriations Bill (GAB) for 2023. House Speaker Martin Romualdez (2nd from left) and President Ferdinand "Bongbong" Marcos Jr. (rightmost) In a short address during his Christmas blowout...
Senate Committee on Finance Senator Sonny Angara on Wednesday, December 7 said he is optimistic that the proposed P5.268-trillion budget of the government for next year would revitalize the country’s economy after two years of the COVID-19 pandemic. “It is a budget for national recovery. It’s...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
The Marcos administration’s first national expenditure program underwent thorough scrutiny and was subject to intense debates by lawmakers before it was ratified. Senate Finance Committee chief Senator Sonny Angara gave this assurance when he presented the bicameral conference committee report on...
