Department of Finance Secretary Ralph G. Recto said that revenues during the first four months may hit around P1.4 trillion, which makes about 32 percent of the P4.3 trillion target this year. This translates to a 7 percent increase from the P1.3 trillion collected in the same period last year....
Senator Jinggoy Ejercito Estrada on Monday, May 6 expressed confidence there is sufficient time to study the proposal seeking a new round of salary increases for government workers. Estrada pointed this out after the Department of Budget and Management (DBM) reiterated that any...
Indigent college students will receive over P3.7 billion from the government to support their needs in finishing their degrees, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said they have allocated the budget to around 247,135 student grantees under the...
The Department of Budget and Management (DBM) has thrown its support behind the call from health experts to expand the immunization program against the human papillomavirus (HPV) in a bid to reduce cervical cancer cases in the Philippines. In a statement on Wednesday, May 1, Budget Secretary Amenah...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I was privileged and honored to attend the 2024 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) with the economic team, led by Finance Secretary Ralph Recto, in Washington, DC, USA from April 17 to...
The national government has standby funds worth P15.5 billion to mitigate the impact of El Niño, the Department of Budget and Management (DBM) said on Friday, April 26. Budget Secretary Amenah F. Pangandaman said the amount forms part of the total allocation of P20.5 billion for the National...
The Commission on Audit (COA) has dismissed the P78.956 million payment claimed by Adlib International Sales, Inc. (AISI) from the Department of Budget and Management (DBM)-Procurement Service and the Presidential Security Group (PSG) for the supply and delivery of two mobile X-ray units in 2015....
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) urged the Department of Health (DOH) to fast-track the disbursement of the P91.3 billion funds for public health emergency benefits and allowances of healthcare workers. Budget Secretary Amenah F. Pangandaman said the DBM has so far released over P91...
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...
Gender-inclusive initiatives should have a place in the government’s budget allocation, including those that empower women, Department of Budget and Management Secretary Amenah F. Pangandaman said. During a session with the International Monetary Fund (IMF) in Washington D.C., Pangandaman assured...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Last week, I had an insightful meeting with the Alliance of Health Workers led by President Robert T. Mendoza. The meeting provided a venue for us to discuss the needs and concerns of our healthcare workers who are ready to serve...
