Government budget

NEDA chief rejects Bayanihan III, looks to 2021 budget for typhoon repair

Published by rudy Date posted on November 23, 2020

by Prinz Magtulis (Philstar.com), 23 Nov 2020 MANILA, Philippines — A third set of budget stimulus measures dedicated to funding reconstruction from recent natural calamity appears off the table for the Duterte administration.

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Pork barrel of one congressman equals 22 M schoolers’ lessons

Published by rudy Date posted on October 14, 2020

by Jarius Bondoc (The Philippine Star, 14 Oct 2020 How much is one congressional district’s pork barrel? Almost the same cost to print 22 million schoolchildren’s weekly lessons for a year. Or to feed 18 million poor families for a day or two. Or to vaccinate Metro Manila’s 12.8 million residents against COVID-19.

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[ANALYSIS] Why you should be alarmed by Duterte’s 2021 budget

Published by rudy Date posted on September 4, 2020

Read more here.

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THREAD: The Budget Department is set to hand over the ₱4.5T national budget for 2021 to the House of Representatives.

Published by rudy Date posted on August 25, 2020

Here's a breakdown of the ₱4.5 trillion 2021 budget according to DBM: pic.twitter.com/OyfyYeVtVP — CNN Philippines (@cnnphilippines) August 25, 2020

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@DBMgovph issued National Budget Circular No. 580, in which all departments, agencies, SUCs and GOCCs ordered to tighten belts amid COVID-19 pandemic—to defer vehicle purchases, building construction, local/foreign travels, celebrations, hiring consultants, etc. @InquirerBiz

Published by rudy Date posted on April 23, 2020

.@DBMgovph issued National Budget Circular No. 580, in which all departments, agencies, SUCs and GOCCs ordered to tighten belts amid COVID-19 pandemic—to defer vehicle purchases, building construction, local/foreign travels, celebrations, hiring consultants, etc. @InquirerBiz pic.twitter.com/KvRyGOqBEo — Ben O. de Vera (@bendeveraINQ) April 23, 2020

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Line agencies urged to halt programs to save on funds

Published by rudy Date posted on April 14, 2020

by Mary Grace Padin (The Philippine Star ), 14 Apr 2020 MANILA, Philippines — The Department of Budget and Management (DBM) has directed line agencies to halt the implementation of some programs, activities and projects to save funds which can be used in the country’s fight against the coronavirus disease 2019 or COVID-19 pandemic.

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YearEnder: Budget freebies come with revenue challenges in 2017

Published by rudy Date posted on December 29, 2016

By Prinz Magtulis (The Philippine Star), December 29, 2016 MANILA, Philippines – A few days after the 2017 budget was signed into law, Finance Secretary Carlos Dominguez gave both an assurance and a warning on government revenue prospects for next year.

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Rody signs P3.35-T ‘pro-poor, pro-investment’ budget

Published by rudy Date posted on December 23, 2016

By Alexis Romero and Marvin Sy (The Philippine Star), Dec. 23, 2016 MANILA, Philippines – President Duterte yesterday signed into law the next year’s P3.35-trillion budget 2017, which he said would benefit the poor and vulnerable sectors. Duterte said the first ever budget of his administration would be “pro-people, pro-investment, pro-growth and pro-development.”

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3-year blueprint pegs infrastructure spending at P3 trillion

Published by rudy Date posted on April 19, 2016

by Cai Ordinario – April 19, 2016, http://www.businessmirror.com.ph/3-year-blueprint-pegs-infrastructure-spending-at-p3-trillion/ The government is targeting to spend as much as P3 trillion for infrastructure projects, from 2017 to 2019, in keeping with its goal of hiking public-infrastructure spending to at least 5 percent of GDP.

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MRT-3 in line for P1.207-B rehab fund

Published by rudy Date posted on April 22, 2015

From the Department of Budget and Management As part of efforts to improve the country’s railway systems and address the needs of the riding public, the Department of Budget and Management (DBM) has released P1.207 billion to the Department of Transportation and Communication (DOTC) to cover the rehabilitation and the capacity extension of the Metro…

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Noy increases allowances for cops, soldiers

Published by rudy Date posted on March 31, 2015

MANILA, Philippines – President Aquino has signed a joint congressional resolution raising the daily subsistence allowance for both members of the Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP).

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Bottom-up budgeting: Moving up, but long way to go

Published by rudy Date posted on April 14, 2013

Sixto Donato C. MacasaetSixto Donato C. MacasaetAround two weeks ago (third week of March 2013), I was at a regional workshop of civil society organizations (CSOs) to evaluate the Bottom-Up Budgeting (BUB) process for the year 2014.

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Public finance less of a drag

Published by rudy Date posted on January 22, 2013

Credit rating agency Fitch Ratings yesterday said in a new report that the Philippines’ public finances have become less of a drag on the sovereign credit profile.

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Debt watcher calls for sustainable gains

Published by rudy Date posted on January 7, 2013

THE PHILIPPINES must sustain its momentum and build on last year’s strong economic performance to boost its credit standing, Fitch Ratings yesterday said.

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Deficit more than doubles

Published by rudy Date posted on August 23, 2012

THE GOVERNMENT more than doubled its first semester fiscal deficit in July as it posted its highest monthly spending performance so far this year. The shortfall hit P39.249 billion last month, more than the P34.482 billion incurred in January to June and raising the tally for the year so far to P73.731 billion.

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Budget deficit widens in June

Published by rudy Date posted on July 27, 2012

Manila, Philippines – The government incurred a budget deficit of P11.696 billion in June, wider than the P7.691 billion recorded a year ago, Finance Secretary Cesar Purisima reported yesterday.

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Gov’t trims 2011 deficit to P197.75 B

Published by rudy Date posted on March 6, 2012

MANILA, Philippines – The National Government incurred a budget deficit of P197.754 billion in 2011, below last year’s ceiling of P300 billion and narrower than the P314.4 billion reported in 2010, National Treasurer Roberto Tan said in a press briefing yesterday.

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Agencies bloat budgets—Abad

Published by rudy Date posted on February 14, 2012

SOME government agencies have bloated their budget for maintenance and other operating expenses in order to realize higher savings and grant more incentives to their employees.

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Aquino allots P568B for poverty reduction

Published by rudy Date posted on January 2, 2012

TO reduce poverty incidence to 16.6 percent and to meet key Millennium Development Goals (MDGs) by 2015, President Benigno Aquino 3rd provided the biggest funding support to poverty reduction and other social services under the 2012 national budget.

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Govt plans to spend 2011 funds next year

Published by rudy Date posted on November 21, 2011

THE government is looking at adding the bulk of this year’s unspent budget to next year’s budget to make up for its weak spending in 2011, Budget Secretary Florencio Abad said Friday.

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Govt to carry over unused funds to 2012

Published by rudy Date posted on November 21, 2011

THE Aquino administration is eyeing to re-align the bulk of its unused budget this year to 2012 to make up for weak spending.

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Mar defends government underspending

Published by rudy Date posted on November 7, 2011

MANILA, Philippines – Transportation and Communications Secretary Manuel “Mar” Roxas II defended the Aquino administration’s under-spending, saying the reduction in capital spending posted by the government was generated by savings brought by “good governance.”

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Social service offices get allocation boost

Published by rudy Date posted on August 5, 2011

The Department of Budget and Management (DBM) has increased allocations for three agencies for next year in a bid to boost social services, an official statement said on Friday.

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Palace submits ‘results-oriented, transparent’ budget

Published by rudy Date posted on July 27, 2011

It is now up to Congress to make the next move on the national budget. This, after Malacanang broke tradition by submitting the proposed P1.816-trillion budget to Congress a month early to give lawmakers enough time to scrutinize the measure. The Palace hopes the President can sign the measure into law before Christmas.

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2012 IRA drops 4.8 percent

Published by rudy Date posted on July 13, 2011

MANILA, Philippines – There will be a sharp decline in the internal revenue allotment (IRA) for local government units (LGUs) in the proposed national budget for 2012 because of the steep decline in revenue collections in 2009, Budget Secretary Florencio Abad said yesterday.

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2012 budget to give priority to social services, infra projects, says Abad

Published by rudy Date posted on June 22, 2011

MANILA, Philippines – Spending on social services and infrastructure will be the priority in the government’s 2012 budget, Budget and Management Secretary Florencio Abad said yesterday as he expressed optimism President Aquino would approve next year’s financing plan.

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Government debt rises to P4.718 T as of end-2010

Published by rudy Date posted on March 13, 2011

MANILA, Philippines – The National Government (NG) registered total debt of P4.718 trillion at the end of last year, higher by P321.5 billion from the 2009 level of P4.396 trillion, latest data from the Bureau of the Treasury showed.

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Government incurs 2010 budget gap of P314.4 B

Published by rudy Date posted on March 8, 2011

MANILA, Philippines – The government incurred a budget deficit of P314.4 billion in 2010, P4.4 billion higher than the preliminary figure of P310 billion, mainly because of higher spending, the Department of Finance (DOF) announced yesterday.

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P-Noy starts the New Year by putting his money where he promised

Published by rudy Date posted on January 2, 2011

The signing of the 2011 National Budget in Malacañang last December 27 is a great way for President Noynoy Aquino III (P-Noy) to start 2011 on the right note. In a way, the 2011 Reform Budget is P-Noy’s way of putting his money where he promised during the 2010 presidential campaign.

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First Aquino budget unabashedly pro-poor

Published by rudy Date posted on December 31, 2010

COMMENTARY MANILA, Philippines–With the approval of the 2011 national budget, we now have three economic road maps we can compare—the government’s, the people’s, and the World Bank’s. All three are important blueprints for growth, so it is important to see if they jibe.

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