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Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Government budget back to deficit in February
The government reverted back to a budget deficit in February after a quick surplus at the start of the year, but a narrower gap can still be expected as the tax season draws near......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Unprogrammed appropriations boosted 2023 budget by P374 billion
The government has included a P374-billion additional program, on top of the P5.268 trillion national budget in 2023, the bulk of which were unprogrammed appropriations......»»
Dul-an P2M budget sa ‘Buhing Kalbaryo
Dul-an P2M budget sa ‘Buhing Kalbaryo.....»»
Executive dep’t proposes additional budget of P963M
Executive dep’t proposes additional budget of P963M.....»»
PLDT proposes $3 million settlement in US budget mess suit
Integrated telco PLDT Inc. has proposed to settle $3 million, or around P165 million, to resolve a class action suit filed against it in the US over its budget fiasco......»»
‘Imee budget realigning led to millions not receiving 4Ps’
Nearly 4.3 million poor Filipinos were deprived of cash aid under the government’s Pantawid Pamilyang Pilipino Program in 2023 after Sen. Imee Marcos realigned the 4Ps funding of P13 billion in the national budget to another social amelioration program, a member of the House of Representatives said yesterday......»»
Improvement sought in ‘very rotten’ budget process
Congress should exercise greater transparency in its budget process, according to Senate Minority Leader Aquilino Pimentel III, who called the process “very rotten.”.....»»
House balks at ‘absurd’ Senate allegations about cash aid program
House Senior Deputy Speaker Aurelio Gonzales has also insisted that senators approved the Ayuda sa Kapos ang Kita Program during the budget legislation process, calling their line of questioning about its “sudden” appearance in the 2024 budget “absurd.”.....»»
ONLY VM’S OFFICE AFFECTED | Moises Padilla s 2024 annual budget operational, Guv says
ONLY VM’S OFFICE AFFECTED | Moises Padilla s 2024 annual budget operational, Guv says.....»»
P3.3 trillion in agency budget released
A total of P3.3 trillion has been released to state agencies to implement priority programs and address the problem of underspending, according to the Department of Budget and Management......»»
Learn how to monitor, evaluate government programs and projects
Pursuant to National Budget Circular 565 mandated by the Department of Budget and Management, key LGU officials and officers are required to strengthen their institution’s results-based monitoring, evaluation, and reporting of all government programs and projects......»»
Cong. Pulong Duterte got P51-B budget in three years
It was his own statement about having his district budget reduced this year that got House members to probe and discover that Davao City First District Representative Paolo ‘Pulong’ Duterte, son of former President Rodrigo Duterte, had received P51 billion in the past years......»»
Rama vetoes 2024 annual budget, but Council overrides
Rama vetoes 2024 annual budget, but Council overrides.....»»
US budget deficit tops half a trillion
Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December a.....»»
DOE to NGCP, DUs: Be ready for ILP
The Department of Energ has directed the National Grid Corp. of the Philippines and all distribution utilities to be “fully ready” to implement the Interruptible Load Program amid the dry season......»»
Only 1 percent of Philippine firms ready for cyberthreats
Software giant Cisco has found that almost every company in the Philippines is not ready to fend off new forms of cyberattacks......»»
PHL ready to face Iraq in FIFA World Cup qualifiers
CEBU CITY, Philippines — The Philippine Men’s National Football Team is ready to take on Iraq, according to its head coach, Tom Saintfiet. The team will face Iraq tomorrow, March 21, at the Basra International Stadium for the FIFA World Cup 2026 qualifiers. Members of the Philippine Men’s National Football Team flew to Iraq recently.....»»
Comelec ready to hold demo for 2025 poll machines
The Commission on Elections has assured the public that it is ready to conduct a voting demonstration in Congress with the new machine that will be used in the May 2025 midterm elections......»»