The government has released P61.28 billion or 85 percent of the stimulus package as it tries to catch up on its spending to spur economic growth in the fourth quarter, Budget chief Florencio Abad said on Tuesday.
Of the amount, P41.66 billion had been spent by line agencies and government-owned or -controlled corporations, Abad said.
Abad said government agencies are now working with the department to address the bottlenecks in fund utilization.
“The department is also keeping a close watch on the implementation of priority programs and projects by government agencies,” the budget chief said.
Abad said among the notable projects covered by the stimulus package are the following: P11 billion for the National Housing Authority; P970-million equity infusions for credit insurance and mortgage guaranty operation of the Home Guaranty Corporation and Trade and Investment Development Corporation of the Philippines; and P75 million for the establishment of a centralized credit information system.
Significant cash releases have also been given to Department of Health for the hiring of nurses and midwives, P2.75 billion support fund for local government units; and P331 million for the Department of Science and Technology for the purchase of three Doppler radars and the establishment of a National Meteorological and Climate Center.
President Benigno Aquino III has earlier vowed not to repeat this year’s underspending that resulted in nine months of dismal growth performance for the country. –Joyce Pangco Pañares, Manila Standard Today
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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