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 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) –...
The government’s expenses for infrastructure projects increased in April this year driven by flood control projects and foreign-assisted projects, the Department of Budget and Management (DBM) said. The national government's total infrastructure and other capital outlays amounted to P118.9...
The government released over P88 billion in May with the bulk of it going to the Department of Public Works and Highways (DPWH) to fund its foreign-assisted projects. Data from the Department of Budget and Management showed that the DPWH was allotted P46.9 billion for its capital outlays to cover...
The Department of Budget and Management (DBM) has allotted P387 million to the Department of Health for its medical vehicles. Budget Secretary Amenah F. Pangandaman approved the issuance of authority to purchase motor vehicles (APMV), permitting the procurement of 141 units of motor vehicles,...
The Department of Budget and Management (DBM) said that the budget allocation for local government units (LGUs) will reach over P1 trillion next year. Based on a memorandum released by the DBM, the total national tax allotment (NTA) for LGUs in 2025 will amount to P1.034 trillion, an 18 percent...
The Department of Budget and Management (DBM) has approved the disbursement of funds aimed at supporting students in indigenous communities to access high-quality education. A Special Allotment Release Order (SARO) totaling P57.12 million, along with its corresponding Notice of Cash Allocation, has...
The creation of digital Philippine Public Financial Management (PFM) reforms will enable more efficiency and effective government services for Filipinos, Department of Finance Secretary Ralph G. Recto said. The remark was made after a meeting on Monday with PFM Committee Principals Recto and...
The Department of Budget and Management (DBM) said it is in the final stages of conducting a compensation and benefits study targeted at evaluating potential salary adjustments for government workers. Budget Undersecretary Goddes Hope O. Libiran said the study, scheduled to be finalized...
Budget Secretary Amenah F. Pangandaman has lauded Fitch Ratings' recent decision to maintain the Philippines' investment grade rating at “BBB,” above the minimum investment grade by a notch and maintaining a stable “outlook.” Pangandaman, chairperson of the inter-agency Development Budget...
Aboitiz scholar Gilbert Chua (standing) during his studies at the Asian Institute of Management-Aboitiz School of Innovation, Technology and Entrepreneurship (AIM ASITE). In 2019, the Aboitiz Group donated US$10 million to the Asian Institute of Management (AIM) to establish the Aboitiz School of...
The Philippines has emerged as a standout performer in the 2023 Open Budget Survey (OBS), solidifying its position as a frontrunner in budget transparency and public engagement in Southeast Asia. The recently released OBS survey results underscored the country's progress in upholding open...
