The Office of the Vice President (OVP) will not seek confidential funds under the 2025 national budget, Vice President Sara Duterte said on Saturday, June 29. Vice President Sara Duterte delivers her message during the Office of the Vice President's (OVP) Pasidungog held in Cebu City on...
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 country’s ambition to become upper middle-income status could be achieved in 2026, later than the government’s projection of 2025. That is, if the peso does not depreciate. National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan, during a briefing on Thursday, June...
The Department of Finance (DOF) reported an increase in the national government's budget deficit in May as government spending was much higher compared to the revenue collections. During the month, the Marcos administration’s fiscal deficit amounted to P174.9 billion, representing a substantial...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. June is almost over, but I cannot let this month pass without commemorating two important celebrations very close to my heart: Philippine Environment Month and National Information and Communications Technology (ICT) Month. We only have...
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...
(MANILA BULLETIN) This early, Speaker Martin Romualdez guaranteed that the House of Representatives will prioritize the approval of the 2025 national budget once solons reconvene for the third and last regular session of the 19th...
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...
