PAMPANGA — Purely without budget insertions, next year’s funding for flood mitigation projects could face a massive budget reduction, according to the Department of Budget and Management (DBM). During her inspection of flood-affected roads and flood-mitigation structures in Pampanga on Monday,...
Budget Secretary Amenah Pangandaman cautioned on Tuesday, July 29, that government projects may face paralysis next year should President Ferdinand Marcos Jr. veto a Congress-approved national budget that deviates from his administration 's priorities. While Finance Secretary Ralph G. Recto...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has assured the public that the Marcos administration has sufficient funds to address the needs of areas affected by recent flooding and the expected typhoons that may hit the country. Pangandaman said in a July 24 statement...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Every child holds a promise for the future of our country. To reach their full potential and be productive members of society, they must be given a fair start in a nurturing, safe, and secure environment — not only to survive but to...
Despite limited resources, the Cabinet-level Development Budget Coordination Committee (DBCC) has approved a record-high national budget for next year at ₱6.79 trillion, with a focus on social services. Next year’s record-high budget would support sustained delivery of public goods and services...
The Marcos administration, through the Department of Budget and Management (DBM), has already set its national budget priorities for 2026 based on the government’s medium-term development plan. Given the country’s “limited fiscal space,” new budget proposals will be evaluated based on their...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
The influential Makati Business Club (MBC) is calling for the retention of the administration’s economic managers and other “ efficient ” department heads following President Ferdinand “Bongbong” Marcos Jr.’s call for all of his Cabinet Secretaries to resign. Marcos announced on...
Budget Secretary Amenah F. Pangandaman has approved the creation of 10,000 non-teaching positions to strengthen the education workforce and support the growing operational needs of public schools across the country. Pangandaman confirmed in a statement released Thursday, May 22, that the agency...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
The Governance Commission for GOCCs (GCG) has shuttered a government-owned and/or -controlled corporation (GOCC) established by former President Ferdinand E. Marcos Sr. to design an airplane—but which failed to do so in its 50 years of existence. In a memorandum order dated May 7, the GCG gave...
With the President-backed bloc securing a midterm poll victory over the Duterte-aligned camp, Moody’s Analytics said the outcome could help ensure smoother continuity of the administration’s economic and governance policies. “In the Philippines, President Ferdinand Marcos Jr.’s...
