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 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...
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...
Members of the Development Budget Coordination Committee (DBCC) are scheduled to convene next week to assess the country’s economic targets. Budget Secretary Amenah F. Pangandaman said that the inter-agency body responsible for setting the government’s macroeconomic assumptions will hold a...
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...
The Department of Education (DepEd) will soon begin hiring 5,000 non-teaching personnel with a base monthly salary of at least P27,000, the Department of Budget and Management (DBM) announced. This decision comes after Budget Secretary Amenah F. Pangandaman granted approval to DepEd's request for...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has lauded the leadership and members of Congress for the ratification of the New Government Procurement Act (NGPA). Pangandaman said this legislation is a significant milestone under the Marcos administration’s ongoing...
The Department of Budget and Management (DBM) has committed to settling all arrears of the Health Emergency Allowance (HEA) by the end of 2025. In a statement, Budget Secretary Amenah F. Pangandaman said she is focused on resolving the outstanding HEA payments for healthcare workers. “Our...
The Department of Budget and Management (DBM) announced the release of over P2 billion to acquire firetrucks and ambulances to enhance emergency response. Budget Secretary Amenah F. Pangandaman has approved the special allotment release order amounting to P2.880 billion for the Department of the...
Qualified uniformed and civilian government workers are set to receive their mid-year bonus starting May 15, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman announced. “I am pleased to announce that our civil servants will receive their mid-year bonus this year. We know...
The Department of Budget and Management (DBM) has approved the creation of 4,265 positions for different field offices of the Department of Social Welfare and Development (DSWD). In a statement on Monday, May 13, the DBM said that Project Development Officer II (PDO II) contractual positions were...
Despite the slowdown, President Marcos' three economic managers emphasized that the Philippines has maintained its position as one of the fastest-growing economies in the region. Budget Secretary Amenah F. Pangandaman, Finance Secretary Ralph G. Recto, and National Economic and Development...
