Senate President Francis “Chiz” Escudero (Senate PRIB) Senate President Francis “Chiz” Escudero welcomed on Saturday, July 20 the enactment of two critical and timely measures aimed at enhancing government transparency and protecting...
President Marcos (center) signs into law New Government Procurement Act during simple rites held Saturday morning at the Ceremonial Hall of Malacañang Palace. Witnessing the event were House Speaker Martin Romualdez (right) and Senate President Francis "Chiz" Escudero. (Speaker’s office) ...
President Marcos has signed into law Republic Act (RA) No. 12009 or the New Government Procurement Act (NGPA) which seeks to promote greater transparency, competitiveness, efficiency, and sustainability in the government procurement process. (RTVM screenshot) Marcos signed the law, along with RA...
Some P1 billion will be allocated to local government units (LGUs) for their Green, Green, Green Program, which aims to build green open spaces such as parks and plazas in their areas. Department of Budget and Management Secretary Amenah F. Pangandaman said that the budget will benefit around 80...
The Marcos administration is set to settle all outstanding arrears for the health emergency allowance (HEA) owed to healthcare workers, the Department of Budget and Management (DBM) announced. In a statement on Thursday, July 4, Budget Secretary Amenah F. Pangandaman said that the DBM will disburse...
The Department of Budget and Management (DBM) has instructed government agencies with low budget utilization rates to submit their catch-up plans. In a DBM circular letter dated June 28, the budget department ordered heads of departments, agencies, bureaus, and offices of the national government to...
The Department of Budget and Management (DBM) has greenlit the release of P14 billion to cover the regular pension requirements of military retirees for the period of July to September 2024. The approval, granted on June 14, 2024, comes in response to the Department of National Defense (DND) –...
The Department of Budget and Management (DBM) said that the budget allocation for local government units (LGUs) will reach over P1 trillion next year. Based on a memorandum released by the DBM, the total national tax allotment (NTA) for LGUs in 2025 will amount to P1.034 trillion, an 18 percent...
The Department of Budget and Management (DBM) has approved the disbursement of funds aimed at supporting students in indigenous communities to access high-quality education. A Special Allotment Release Order (SARO) totaling P57.12 million, along with its corresponding Notice of Cash Allocation, has...
The Department of Budget and Management (DBM) said it is in the final stages of conducting a compensation and benefits study targeted at evaluating potential salary adjustments for government workers. Budget Undersecretary Goddes Hope O. Libiran said the study, scheduled to be finalized...
Budget Secretary Amenah F. Pangandaman has lauded Fitch Ratings' recent decision to maintain the Philippines' investment grade rating at “BBB,” above the minimum investment grade by a notch and maintaining a stable “outlook.” Pangandaman, chairperson of the inter-agency Development Budget...
As the first half of 2024 draws to a close, the National Food Authority (NFA) is poised to surpass its procurement target, driven by the increased purchasing price of rice. NFA Acting Administrator Larry Lacson said that they are expecting to reach a palay procurement level of 3.08 million or...
