Former Budget secretary Amenah Pangandaman was tapped by President Marcos to be the chairperson and chief executive officer (CEO) of the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) as he believes that she can perform the job well. This was what Palace Press Officer and...
The Marcos administration will deploy ₱12.3 billion using surpluses and fresh budget allocations to settle multi-year financial arrears owed to state universities and colleges, according to a government joint administrative order. The national government plans to tap ₱7.8 billion in...
Qualified government employees are expected to receive their Fiscal Year (FY) 2024 performance-based bonus (PBB) earlier than usual this year, Malacañang said. Palace Press Officer and Communications Undersecretary Claire Castro said the government is moving to expedite the processing and release...
Amid recent calamities that have battered the Philippines, the government’s calamity fund shed ₱1.7 billion in June, all of which was allocated to the Department of Social Welfare and Development (DSWD). As of June 30, 2026, the National Disaster Risk Reduction and Management Fund (NDRRMF)...
The Marcos administration is proposing a record ₱7.2 trillion national budget for fiscal year 2027, an increase of six percent over the current year, as the government seeks to counteract an economic slowdown triggered by geopolitical conflict and domestic spending scandals. According to National...
No matter how complex government budget is, it must be made accessible and understandable for every Filipino, President Marcos said. The President made the remark on Friday, June 26, during the launch of the Centralized Open Monitoring Platform for Appropriations and Spending Statistics (COMPASS),...
The Asian Development Bank (ADB) has backed the Philippine government’s updated roadmap to overhaul how public funds are planned, spent, and monitored, saying stronger public financial management (PFM) systems are key to improving public services, strengthening resilience, as well as guarding...
Government agencies reported a dip in spending efficiency as of May, with the utilization of cash allocations slowing compared to the same period last year and leaving ₱260.8 billion in unused cash authority. Data from the Department of Budget and Management (DBM) showed that the overall...
Malacañang expressed confidence that the Philippine economy will post stronger growth in the second half of the year despite the government 's decision to lower its gross domestic product (GDP) growth forecast for 2026. Presidential Communications Office (PCO) Undersecretary Claire Castro...
The Philippines’ more-than-three-decade-old devolution program remains incomplete, with local government units (LGUs) and national agencies continuing to share responsibilities for many basic services despite the 1991 Local Government Code (LGC), according to state-run policy think tank...
Government infrastructure spending plunged in the first four months of the year, failing to recover from a high-profile flood-control corruption scandal that triggered aggressive regulatory oversight and disrupted the processing of state funds. According to the latest national government...
The national government’s fiscal disbursement pace cooled in the first five months of the year as sluggish budget rollouts in the agriculture and education sectors countered an otherwise aggressive catch-up in infrastructure spending. According to data from the Department of Budget and Management...
