The Department of Budget and Management (DBM) said the government has released funds for the implementation of several coronavirus response programs under the Bayanihan I and Bayanihan II. (JANSEN ROMERO / FILE PHOTO / MANILA BULLETIN) In a statement, Budget Secretary Wendel E. Avisado, said that...
The Department of Budget and Management (DBM) assured that there are sufficient government programs and financial assistance for displaced workers due to the pandemic. In a statement, Budget Secretary Wendel E. Avisado said the DBM has already released and allocated the budget for the different...
Government debt stock breached the P10 trillion mark in October amid unprecedented borrowings for the coronavirus response, data from the Bureau of the Treasury showed. Total outstanding debt of the national government stood at P10.028 trillion as of October this year, up by 26.8 percent compared...
The inter-agency Development Budget Coordination Committee (DBCC) expects deeper economic contraction this year due to community quarantine measures amid the COVID-19 crisis. Following the DBCC’s meeting late Thursday, the economic managers adjusted its gross domestic product (GDP) assumption for...
Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
The Energy Regulatory Commission (ERC) has cautioned power utilities in typhoon-hit areas that they would still need to comply with prescribed service levels that’s why they cannot afford to be moving too slow in the restoration of electricity service for their customers. Citing prevailing rules...
The Procurement Service of the Department of Budget and Management (PS-DBM) has called on local companies to participate in the government-wide purchase of medical supplies for the COVID-19 response. As part of government’s effort to help local enterprises during the pandemic, the PS-DBM said it...
The government had purchased personal protective equipment (PPE) in 2015 and 2016 at prices double the present market cost, the Procurement Service of the Department of Budget and Management (PS-DBM) revealed yesterday. Based on the PS-DBM documents provided by Budget...
The Procurement Service of the Department of Budget and Management (PS-DBM) denied the government lost P1 billion from the purchase of personal protective equipment (PPEs) from a number of foreign suppliers. In a statement, PS-DBM said yesterday that the government did not lose a single centavo...
