Government budget

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.

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.

Read more here.

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

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.

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.

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.”

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.

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…

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).

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.

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.

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

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.

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.

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.

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.

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.

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.

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

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.”

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.

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.

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.

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.

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.

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.

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.

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.