The Bureau of the Treasury reported that the national government's budget deficit declined in November largely due to decreased public spending. The Marcos administration’s fiscal gap amounted to P93.3 billion last month, a 25 percent reduction from the P123.9 billion recorded in the same...
The proposed new procurement bill will provide an online site that will expedite the purchasing of goods and services in the government, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said in a statement that the proposed Government Procurement Reform Act...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. It is truly a season of gratitude and hope! On Dec. 22, 2023, President Ferdinand Marcos Jr. (PBBM) signed the P5.768 trillion Fiscal Year (FY) 2024 General Appropriations Act (GAA). I believe that this is the best gift that our President...
The Department of Budget and Management (DBM) said the Marcos administration is making progress in reducing its reliance on borrowing to support spending, a positive development in its efforts to lessen the country's debt burden. Budget Secretary Amenah F. Pangandaman said the national government's...
The Department of Budget and Management (DBM) clarified that the unprogrammed funds in next year's budget do not contain actual money at present, and will only be utilized in the event of unexpected expenses and additional revenue. In a statement, Budget Secretary Amenah F. Pangandaman explained...
Senator Sherwin Gatchalian says that with the signing of the 2024 national budget, the free assessment for national certification of Grade 12 learners taking the Technical-Vocational and Livelihood (TVL) track is assured. Under the 2024 General Appropriations Act (GAA), the final amount of P438.16...
President Marcos has vetoed sections of the 2024 General Appropriations Act (GAA) pertaining to the Department of Justice (DOJ) revolving funds and implementing the National Government's Career Executive Service Development Program. President Ferdinand ‘Bongbong’ Marcos Jr. (Bongbong...
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 approved national budget of nearly P6 trillion for next year will accelerate the country’s economic growth amid looming drought and high inflation, the country’s economic team stressed. President Ferdinand R. Marcos Jr. has signed into law the General Appropriations Act of 2024 which will...
Senate President Juan Miguel "Migz" Zubiri considers the P5.768-trillion national budget for 2024 as one of the most responsive and progressive budgets ever in the country's history. On Wednesday, Dec. 20, President Marcos signed the budget, which he said prioritizes programs that...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez gave off both an optimistic and forward--looking vibe after he witnessed firsthand the signing of the P5.768-trillion national budget for 2024 in Malacañang. ...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) A pro-poor, pro-growth national budget. That's how Camarines Sur 2nd district Rep. LRay Villafuerte described the P5.768-trillion national budget for 2024, which President Marcos signed in...
