The Department of Budget and Management (DBM) has instructed government agencies with low budget utilization rates to submit their catch-up plans. In a DBM circular letter dated June 28, the budget department ordered heads of departments, agencies, bureaus, and offices of the national government to...
Amid elevated consumer prices and slowing economic expansion, many Filipinos are holding back from spending their hard-earned money, resulting in the lowest private consumption growth rate since 2010 during a non-pandemic period, according to the think tank Oxford Economics. "The main culprit is...
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 Marcos administration’s budget deficit shrank in March this year as revenue growth outpaced public spending, the Bureau of the Treasury reported. The fiscal deficit of the national government for the third month of the year was P195.9 billion, down from P210.3 billion in March 2023. Based on...
The Department of Budget and Management (DBM) reported that infrastructure spending rose in the first two months of the year due to road projects and defense modernization program. Total infrastructure and other capital outlays of the national government amounted to P120.5 billion from January to...
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...
Infrastructure spending posted a sharp increase in October last year, attributed to the robust disbursements made by the Department of Public Works and Highways (DPWH), data from the Department of Budget and Management (DBM) revealed. The Marcos administration’s infrastructure and other capital...
Efficient implementation of catch-up plans has positioned the Marcos administration to exceed its infrastructure spending target for this year, data from the Development Budget Coordination Committee (DBCC) showed. The DBCC, an inter-agency body responsible for setting the government’s...
The Marcos administration was able to cut the budget deficit by more than half for the year due to strong revenues, data from the Bureau of the Treasury revealed. The fiscal gap of the national government amounted to P34.4 billion last month, showing a 65 percent decrease compared to P99.1 billion...
The National Economic and Development Authority (NEDA) said achieving the lower end of the government's growth target range is still achievable due to increased public spending and the upcoming holiday season. During a briefing in San Francisco, California, NEDA Secretary Arsenio M. Balisacan...
More government spending seen in the third quarter will help pick up the six percent to seven target economic growth by year-end, Department of Finance Secretary Benjamin E. Diokno said. During a forum with Reuters, Diokno pointed out several indicators that will help boost economic growth by...
In response to the call of the Marcos administration to accelerate government spending in the second quarter of the year, the Department of Public Works and Highways (DPWH) and the Department of Social Welfare and Development (DSWD) topped the spending of government agencies this third quarter....
