The Marcos administration was able to cut the budget deficit by more than half for the year due to strong revenues, data from the Bureau of the Treasury revealed. The fiscal gap of the national government amounted to P34.4 billion last month, showing a 65 percent decrease compared to P99.1 billion...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I was privileged to speak during the Philippine Halal Economy Festival organized by the Department of Trade and Industry (DTI) on Nov. 22, 2023. As the only woman Muslim Cabinet member and a proud daughter of Mindanao, I expressed my...
Voting 21-0, the Senate on Tuesday, November 28 approved on third and final reading the proposed General Appropriations Bill (GAB) for 2024 which is at P5.768-trillion. Twenty-one (21) senators gave affirmative votes; there were zero negative votes and one abstention. Senate Minority...
Department of Finance (DOF) Secretary Benjamin Diokno is asking local government units (LGUs) to speed up their spending given their budget surplus because of the lack of investments. President Ferdinand Marcos Jr. (2nd right) presides over a sectoral meeting in Malacañang on Tuesday, Nov....
President Marcos is expected to sign the proposed national budget for 2024 by the middle of December. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA Pool/KJ Rosales) Finance Secretary Benjamin Diokno disclosed that Marcos could sign the proposed 2024 General Appropriations Act...
Budget Secretary Amenah F. Pangandaman underscored the crucial role of the Open Government Partnership (OGP) in upholding peace in Mindanao and driving the socio-economic recovery of the Philippines. Pangadaman stated that the OGP aligns with President Marcos’ directive to guarantee transparency...
The Department of Budget and Management (DBM) said the national government will meet its full-year expenditure goal as underspending has notably decreased in the first nine months. According to the disbursement report from the DBM, the department is confident that it will reach the Marcos...
The Department of Budget and Management (DBM) approved the request of the Department of Public Works and Highways (DPWH) and the Department of Education (DepEd) to release funds for the construction of additional classrooms in the country. In a statement on Wednesday, Nov. 22, Budget Secretary...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I am honored to have joined the Philippine delegation led by President Ferdinand R. Marcos Jr. (PBBM) to the 2023 Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Week (AELW) last Nov. 14 to 17 in San Francisco,...
(Unsplash) The House of Representatives has passed on second reading the measure that seeks to provide an additional criterion for the availment of unprogrammed appropriations, amendimg for the purpose the current 2023 General Appropriations Act (GAA) or national...
Over P15.3 billion will be for the assistance and projects for Filipino migrant workers next year, the Department of Budget and Management (DBM) said. In a statement, Budget Secretary Amenah F. Pangandaman said on Tuesday, Nov. 21 that the budget is allotted for the proposed national budget of the...
Senators on Tuesday, November 21 rebuked the Commission on Human Rights (CHR) after Senate Majority Leader Joel Villanueva confronted the commission over one of their official’s remarks seeking a petition supposedly addressed to him appealing for the passage of the Sexual Orientation,...
