Government workers can expect a medical allowance of up to P7,000 annually, as the Department of Budget and Management (DBM) has announced its rollout starting 2025. DBM Secretary Amenah Pangandaman has approved the issuance of Budget Circular No. 2024-6, outlining the guidelines for providing a...
BEYOND BUDGET Assalamu alaikum wa Raḥmatullahi wa Barakatuh. Today is the start of the New Year. As we bid goodbye to the old and welcome the new, we reflect on the year that was and hope for a better, brighter 2025. 2024: A year of grace and triumphs For us in the Department...
The national government is poised to surpass its infrastructure spending target for the year, fueled by the rapid implementation of various projects, the Department of Budget and Management (DBM) said. In a report, the DBM said overall infrastructure disbursements are projected to hit P1.54...
Senator Sherwin Gatchalian on Tuesday, December 31 said he is confident there would be sufficient funding to fully implement the government’s rural electrification program for next year. Gatchalian said the 2025 General Appropriations Act (GAA), which President Ferdinand “Bongbong”...
House Deputy Minority Leader France Castro and former ACT Teachers Representative Antonio Tinio on Tuesday, December 31, denounced the signing of what they perceived to be a “deceptive” version of the P 6.3-trillion national budget for 2025. Both lawmakers said President Ferdinand...
President Marcos on Tuesday, Dec. 31, said he vetoed some line items in the proposed P6.3-trillion budget for 2025 as he said he does not want to compromise the future and needs to prioritize fiscal sustainability. In his explanation to Senate President Chiz Escudero and House Speaker Martin...
The Philippines would need at least P22 billion to prepare for the hosting of the Association of Southeast Asian Nations (ASEAN) summit in 2026, a Palace official bared. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Executive Secretary Lucas Bersamin revealed this...
After much controversy, President Marcos signed the 2025 national budget on Monday, Dec. 30, disclosing that he vetoed P194 billion worth of line items. President Ferdinand 'Bongbong' Marcos Jr. speaks during the ceremonial signing of the 2025 national budget at the Malacañan Palace on Dec. 30,...
The Department of Finance (DOF) faces the daunting task of generating P12.72 billion in revenue every single day to support the Marcos administration’s ambitious P6.326 trillion national budget for 2025. In a statement on Monday, Dec. 30, Finance Secretary Ralph G. Recto acknowledged the huge...
The Department of Budget and Management (DBM) announced that President Marcos has utilized his veto power to ensure the 2025 national budget aligns with the country’s development goals. In a statement on Monday, Dec. 30, Budget Secretary Amenah F. Pangandaman commended the President for his...
Business leaders are urging a more transparent and accountable process in finalizing the 2025 national budget amid concerns over budgetary adjustments and a lack of clear justification for certain allocations. "We are alarmed by some of the adjustments made by the bicameral committee to the 2025...
The Marcos administration’s budget deficit ballooned in November due to the contraction in government revenues and a substantial increase in public spending. The Bureau of the Treasury reported on Thursday, Dec. 26, that the government’s budget deficit more than doubled in November, surging to...
