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 Development Budget Coordination Committee (DBCC) reported that the third quarter posted an increase in disbursements by the Marcos administration due to the swift execution of government programs. The DBCC, an inter-agency body responsible for establishing the government's macroeconomic...
Public spending likely exceeded the government's third-quarter program by a tenth, driven by accelerated infrastructure expenditures, the Department of Budget and Management (DBM) said. In the National Government's August 2023 disbursement report, the DBM indicated that the Marcos...
Following audit reports that billions of pesos in public funds were unspent, Senate President Vicente Sotto III said government departments and agencies should not ask for budgets they cannot utilize and instead make sure that essential programs get priority funding.
Senate President Vicente...
Senate President Vicente Sotto III on Wednesday, August 25, pushed for "free mass testing" for COVID-19 using the billions of funds still not unutilized by agencies.
Senate President Vicente Sotto III bangs the gavel signifying the start of the plenary session on November 24, 2020.(Henzberg...
Senator Grace Poe on Friday, August 20, vowed to make sure that government funds for 2022 will used and will not be given to agencies that fail to properly spend it.
Senator Grace Poe (Senate of the Philippines/MANILA BULLETIN File photo)
"Underspending, delayed and wasteful spending of...
Another senator has pushed to grill the Land Transportation Franchising and Regulatory Board (LTFRB) after state auditors found that the agency used only one percent of its allocation for its service contracting program.
Senator Francis 'Kiko' Pangilinan (Senate of the Philippines)
Senator...
Senate President Pro Tempore Ralph Recto lamented on Tuesday, July 27, the government's seeming "lack of urgency" in spending government funds despite the COVID-19 pandemic.
(MANILA BULLETIN File Photo)
About P200 billion of funds under the P4.506-trillion 2021 General Appropriations Act (GAA)...
The national government's budget deficit fell below the ceiling in the first-semester of the year due to lower-than-expected spending, the Bureau of the Treasury reported.
The Duterte administration's January to June 2021 fiscal gap reached P716.1 billion, lower by 29 percent against...
President Duterte may have been given with the "wrong" information when he was chiding lawmakers for calling out the underspending of COVID-19 response funds.
President Duterte and Finance Secretary Carlos Dominguez III (Malacañang)
Senate President Vicente "Tito" Sotto III gave this...
President Duterte snapped at Congress after some lawmakers claimed the government was underspending the funds allotted to the coronavirus response, saying they were only talking about one percent of the money that was actually released.
President Duterte (RTVM Screenshot)
Duterte made the...
