THE BUDGET department said it aims to fully implement a restructuring in government by removing redundant functions by 2019.
Jul 172017
Jul 132017
THE CASH utilization rate of government agencies slowed at the midyear mark, though the Budget department said it is seeing indications of a spending pickup.
Jul 052017
THE Department of Budget and Management (DBM) is optimistic budget legislation for 2018 will be passed by October, alongside the tax reform program.
Jun 082017
GOVERNMENT agencies’ cash utilization surged in May as expected, the Budget department said.
Mar 272017
THE BUDGET department said it will evaluate new projects against the administration’s agenda, in order to determine priorities as it prepares the 2018 spending program.
Jan 112017
BUDGET Secretary Benjamin E. Diokno remains positive on the underlying revenue assumptions behind the 2018 budget, which will incorporate the results of reforms to the tax system, though delays raise the risk of some infrastructure projects going unfunded.
Oct 282016
THE budget execution documents (BEDs) of agencies under the Department of Budget and Management (DBM) will be posted online, a new DBM circular letter mandated, as part of the preparation for the national government’s quarterly disbursement program.
Nov 052015
THE PHILIPPINE economy likely grew faster in the third quarter this year compared with the first six months, Department of Budget (DBM) and Management Secretary Florencio B. Abad said, with the coming holiday season and the prospect of next year’s elections expected to have driven the gains.
Jul 082014
IN ORDER to ensure adequate water supply in prospective tourism areas — including some of the poorest in the country — the government, through the Department of Budget and Management (DBM), has released P1.73 billion to the Department of Public Works and Highways (DPWH) to implement relevant projects nationwide, according to a DBM statement yesterday.
Jun 192014
THE DEPARTMENT of Budget and Management (DBM) has released nearly P5 billion to support the government’s greening program, part of its climate change mitigation and adaptation initiatives.