Advertisements


Government to submit 2022 budget to Congress today

Economic managers led by the Department of Finance are expected to submit before the House of Representatives today the proposed P5.024-trillion national budget for 2022, which includes a P45-billion allotment for booster shots against COVID-19......»»

Category: newsSource: philstar philstarAug 22nd, 2021

Government still has to release 14% of 2021 budget

The government has yet to release 14 percent of the 2021 national budget with five months remaining in the year, as it nears to face Congress to defend its proposal to increase the 2022 funding to more than P5 trillion......»»

Category: financeSource:  philstarRelated NewsAug 9th, 2021

2022 budget plan being printed

The government’s national expenditure plan for 2022 is being printed and readied for submission to Congress as scheduled, presidential spokesman Harry Roque said yesterday......»»

Category: newsSource:  philstarRelated NewsAug 3rd, 2021

DBM yet to submit 2022 budget measure to Congress

The Department of Budget and Management has yet to submit the proposed national budget to Congress even though it had planned to do so in time for President Duterte’s State of the Nation Address last Monday......»»

Category: newsSource:  philstarRelated NewsJul 28th, 2021

P240B COVID kitty included in 2022 budget

The government will need over P240 billion for its COVID-19 response in its proposed P5 trillion national budget for 2022, Malacanang said......»»

Category: newsSource:  thestandardRelated NewsAug 20th, 2021

Over half of 2022 budget to fund ongoing projects

The Department of Finance yesterday said more than half or P2.74 trillion of the P5.024-trillion proposed budget for next year would be directed to bankroll ongoing programs and projects of the government......»»

Category: financeSource:  philstarRelated NewsAug 11th, 2021

Senators to scrutinize ballooning foreign debt

Senators are determined to hold executive sessions when the chamber tackles the P5.024-trillion budget proposal for 2022 to force government officials to provide details as to why the country incurred debts much more than actually needed......»»

Category: newsSource:  philstarRelated NewsAug 8th, 2021

Revival of cancelled infrastructure projects seen in 2022 budget

The national budget for next year is expected to include infrastructure projects cancelled last year due to the shift in government spending priority to pandemic response programs, an administration congressman said yesterday......»»

Category: newsSource:  philstarRelated NewsAug 7th, 2021

Budget deficit swells 28% in H1

The budget deficit ballooned by 28 percent to P716.1 billion in the first semester and is expected to widen further as government ramps up its spending for subsidizing state firms and preparing for the 2022 elections......»»

Category: financeSource:  philstarRelated NewsJul 27th, 2021

No special session to extend Bayanihan 2 – Palace

Malacañang sees no need for a special Congress session to extend the validity of Bayanihan to Recover as One Act (Bayanihan 2), which expires today, because the remaining P9-billion fund will likely be obligated for the government’s ongoing campaign against COVID-19......»»

Category: newsSource:  philstarRelated NewsJun 30th, 2021

Comelec agrees to hike pay for teachers in 2022 polls — DepEd

Comelec's support means it would include the hike in its proposed budget for 2022, but would still need Congress' approval......»»

Category: newsSource:  philstarRelated NewsJun 3rd, 2021

They affirm that the 2022 budget for science will be drawn up “with all governorates.”

minister ScienceTechnology and innovation for the nation, Roberto Salvariza confirmed in Santiago del Estero that the national government is working for the 2022 budget in.....»»

Category: newsSource:  thedailyguardianRelated NewsMay 8th, 2021

LGUs to Have Additional Functions

The national government will increase Local Government Unit (LGU)’s public function and they will also have a bigger tax collection share by 2022. A draft Executive Order (EO) is now being made to turnover specific national government agencies’ functions to LGUs according to the Department of Budget and Management (DBM). These are efforts to further […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 4th, 2021

Lapu-Lapu mayor eyes P100M for COVID vaccines

LAPU-LAPU CITY, Philippines — The Lapu-lapu City government will allocate not less than P100 million in purchasing the coronavirus disease 2019 (COVID-19) vaccine. Lapu-Lapu City Mayor Junard “Ahong” Chan said this in an interview with CDN Digital on Thursday, January 7, in Lapu-Lapu City. Chan also said he planned to submit a supplemental budget at […] The post Lapu-Lapu mayor eyes P100M for COVID vaccines appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJan 7th, 2021

Duterte veto on intel fund disclosure questioned

Militant lawmakers yesterday questioned the veto by President Duterte of a provision in the 2021 national budget law that requires him to report to Congress the government’s use of intelligence funds......»»

Category: newsSource:  philstarRelated NewsDec 31st, 2020

‘Swift budget spending key to economic rebound’

The government will need to speed up its spending of the P4.5-trillion national budget next year to expedite the nation’s economic recovery from the pandemic, an economist in Congress said yesterday......»»

Category: newsSource:  philstarRelated NewsDec 31st, 2020

Duterte refuses to submit reports on use of intel funds to Congress

President Rodrigo Duterte has vetoed about a dozen provisions of the 2021 national budget, including one that requires the executive branch to submit quarterly reports on the use of intelligence funds to Congress......»»

Category: newsSource:  philstarRelated NewsDec 29th, 2020

Congratulations flood in for Biden’s ‘historic’ win

Congratulations poured in for US president-elect Joe Biden from around the world, with Washington’s allies, particularly in Europe, seeing his win as a chance at a fresh start after the antagonistic years under Donald Trump. From the EU to the UAE president-elect Joe Biden has received congratulations from around the world (AFP/ MANILA BULLETIN) As crowds rushed into the streets of Washington and other cities in exuberant celebration after US networks declared Biden the winner, here are some reactions from across the globe:  – Germany – “Congratulations!” said Chancellor Angela Merkel. “I wish luck and success from the bottom of my heart. “Our transatlantic friendship is irreplaceable if we want to overcome the great challenges of our times,” she said in a tweet issued by a government spokesman. – France – French President Emmanuel Macron tweeted: “The Americans have chosen their President. Congratulations @JoeBiden and @KamalaHarris! We have a lot to do to overcome today’s challenges. Let’s work together!”  – Britain – British Prime Minister Boris Johnson congratulated Biden “on his election as President of the United States and Kamala Harris on her historic achievement. “The US is our most important ally and I look forward to working closely together on our shared priorities, from climate change to trade and security.” – European Union – In a joint statement, EU Commission President Ursula von der Leyen and Charles Michel, president of the European Council, which represents the leaders of EU member states, said: “We take note of the latest development in the electoral process.  “On this basis the EU congratulates President-elect Joe Biden and Vice President-elect Kamala Harris on reaching enough Electoral Votes.”  – NATO – NATO chief Jens Stoltenberg described Biden as a “strong supporter of our Alliance”. Stoltenberg, who often had to adapt to President Donald Trump making unexpected announcements about US troop drawdowns from NATO deployments, said in a tweet he looked forward to working with Biden. “A strong NATO is good for both North America and Europe,” he said.  – Canada – Canada’s Prime Minister Justin Trudeau said: “I look forward to working with President-elect Biden, Vice President-elect Harris, their administration, and the United States Congress as we tackle the world’s greatest challenges together.” – Barack Obama – Former US president Barack Obama hailed Biden’s win as “historic and decisive” and appealed to Americans to overcome bitter divides and “find some common ground.” “Once every vote is counted, President-Elect Biden and Vice President-Elect Harris will have won a historic and decisive victory,” Obama, Donald Trump’s White House predecessor, said in a statement. – Ireland – The republic’s prime minister Micheal Martin was one of the first to take to Twitter, tweeting: “I want to congratulate the new President Elect of the USA @JoeBiden. Joe Biden has been a true friend of this nation throughout his life and I look forward to working with him in the years ahead. I also look forward to welcoming him back home when the circumstances allow!”  – Greece – Prime Minister, Kyriakos Mitsotakis tweeted: “Congratulations to US President-Elect @JoeBiden. Joe Biden has been a true friend of Greece and I’m certain that under his presidency the relationship between our countries will grow even stronger.” – Italy –  Prime Minister Giuseppe Conte tweeted: “Congratulations to the American people and institutions for an outstanding turnout of democratic vitality. We are ready to work with the President-elect @JoeBiden to make the transatlantic relationship stronger. The US can count on Italy as a solid Ally and a strategic partner.” – Spain – Prime Minister Pedro Sanchez tweeted: “The American people have chosen the 46th President of the United States. Congratulations @JoeBiden and @KamalaHarris. We wish you good luck and all the best. We are looking forward to cooperating with you to tackle the challenges ahead of us.” – India – “Congratulations @JoeBiden on your spectacular victory!” Prime Minister Narendra Modi tweeted. In a separate tweet to Biden’s running mate Kamala Harris, whose mother was Indian, Modi wrote: “Your success is pathbreaking, and a matter of immense pride not just for your chittis, but also for all Indian-Americans.” “Chitti” is a Tamil term of endearment for the younger sisters of one’s mother, which Harris used in her acceptance of the Democratic nomination for vice president. She is the first woman of color elected to the US vice presidency. – Nigeria – In his congratulations, President Muhammadu Buhari, leader of Africa’s most populous nation, called for “greater engagement” with the continent. He said he looked forward to “enhanced cooperation between Nigeria and the United States, especially at economic, diplomatic and political levels, including especially on the war against terrorism”. – Ukraine – President Volodymyr Zelensky tweeted in English: “Congratulations to Joe Biden, Kamala Harris! Ukraine is optimistic about the future of the strategic partnership with the United States. Ukraine and the USA have always collaborated on security, trade, investment, democracy, fight against corruption. Our friendship becomes only stronger!”  – South Africa – President Cyril Ramaphosa said on Twitter his government looked forward to “working with you and deepening our bonds of friendship and cooperation”. – Iraq – President Barham Saleh extended “warmest congratulations” to Biden, describing him as “a friend and trusted partner in the cause of building a better Iraq. We look forward to working to achieve our common goals and strengthening peace and stability in the entire Middle East”. – Egypt – President Abdel Fattah al-Sisi said Egypt, the most populous Arab country, looked forward to “strengthening strategic bilateral ties between Egypt and the US in the interest of both countries and peoples”. – UAE –  “Congratulations to @JoeBiden and @KamalaHarris on winning the US elections. Our sincere wishes for further development and prosperity for the American people. The UAE and USA are friends and allies with a strong historic partnership that we look forward to strengthening together,” tweeted Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan......»»

Category: newsSource:  mb.com.phRelated NewsNov 8th, 2020

Gov’t pushes digitalized, mechanized farm sector

The Department of Finance (DOF) said the government is rapidly digitalizing the country’s agricultural systems and mechanizing farm production to ensure food security over the long run. During the virtual 2020 Annual Meetings of the International Monetary Fund and the World Bank Group, Finance Secretary Carlos G. Dominguez III said the government wants to turn the coronavirus-induced health emergency into an opportunity. Finance Secretary Carlos G. Dominguez III (MANILA BULLETIN FILE PHOTO) To do so, Dominguez said efforts to implement the twin measures are being done to expand Filipinos’ market access for food producers while keeping food supply available and prices affordable. “We are confident that the innovative measures we are putting in place today will transform Philippine agriculture into a dynamic, high-growth sector that will fuel our country’s strong recovery,” Dominguez said during the high-level Food Security Roundtable at the meeting. Dominguez said the government is also promoting digital marketing to support ongoing efforts to boost consumer spending in the new normal and sustaining public investments in rural infrastructure. He added that the government is accelerating the move towards agricultural technology-based farming and value chain development to ensure long-term food security.  To channel more funds into the agriculture sector, the government is also encouraging more private-sector financing in the sector by proposing reforms in the Congress that will provide more access to credit for the entire agricultural value chain, Dominguez said.   “We all aspire for greater food and nutrition security for our people. Only an efficient and modern agriculture sector can fully deliver that,” Dominguez, who was Agriculture secretary during the administration of the late President Corazon Aquino, said. Amid pandemic, Dominguez III said the Philippines has been handling the COVID-19 crisis “with strength on the food security front” duets reforms, particularly with the passage of the Rice Tariffication Law (RTL). According to Dominguez, the agriculture sector was “one of the brightest spots” of the Philippines’s response to the pandemic owing in large part to the RTL. He pointed out that agriculture sector even continued to grow when the rest of the economy contracted because of the COVID-19 pandemic.  Dominguez said rice tariffication was among the main reasons why the government has succeeded in keeping food prices and supply stable, and inflation low during the COVID-19 emergency.  Keeping rice prices stable has been helpful for low-income households that spend a fifth of their budgets on rice alone, he added.   “The Philippines faced the COVID-19 pandemic with strength on the food security front,” Dominguez said.  He pointed out that despite logistical restrictions resulting from the lockdowns imposed to protect people and communities from the lethal coronavirus, the government was able to sustain the flow of produce from local farms to Filipino consumers.   “A food crisis did not happen. This is credited to the effective management of the food supply by our Agriculture Department,” Dominguez said......»»

Category: newsSource:  mb.com.phRelated NewsNov 8th, 2020

Coconut farmers are poorest agri people

Coconut farmers are now the poorest people in the agriculture sector, much poorer than when they were 30 years ago.  This was the assessment of Danny Carranza, a coconut farmer and member the Kilusan Para sa Tunay na Repormang Agraryo at Katarungang Panlipunan (Katarungan). (MB FILE, Keith Bacongco) Carranza blamed the coconut farmers’ poverty on the low copra prices, inability to intercrop and modernize, and now the COVID-19 pandemic, which isolates some of them who are living in far-flung areas.                “If you’re going to compare, we are much poorer now than we were back in 1990,” said Carranza. Carranza said the “crisis in coconut” that started in the 1990s was never resolved, but even worsened especially when farmers failed to diversify and intercrop before copra prices, dictated by world prices, crashed in 2019 and in the previous years.              “The price of copra is improving, reaching P16/kg from P8/kg last year, but that is still not enough,” Carranza said, adding that farmers’ income from a hectare of coconut plantation does not reach P10,000 anymore.            At present, about 95 percent of the 3.5 million hectares of coconut farms in the Philippines are meant to produce copra, which is the material for coconut oil manufacturing.  But with the collapse of the prices of coconut oil in the world market over the last two years, prices of copra have also dropped plunging farmers into deeper poverty. According to the Philippine Coconut Authority (PCA), prices of copra at farmgate as of October 15 stood at P21.86/kg, which is higher compared to P14.55/kg price level during the same day last year.           But Carranza said that it normally takes three to four years for coconut farmers to recover when a typhoon hits their plantation because coconut trees don’t recover fast. Several typhoons have devastated coconut trees lately.  “Farmers’ income is dictated by world prices, they don’t have enough funds to modernize their industry, and the government has failed to support them in the diversification of their coconut plantations,” Carranza said.  “Then things got worse because of climate change. And then, because of lockdown, a lot of farmers who live in far-flung areas were isolated and couldn’t deliver their produce,” he added.   In 2018, farmers working in coconut farms only received a daily nominal wage rate of P264, based on Philippine Statistics Authority (PSA) data.   To alleviate the current situation of coconut farmers, the Department of Agriculture (DA) has announced that it will soon distribute a P5,000 worth of assistance to coconut farmers, which will be withdrawn from the agency’s P24-billion stimulus package granted under ‘Bayanihan 2’. The problem, according to Carranza, is that the assistance may only benefit farmers who own 1 hectare of coconut plantations or less. The PCA is also setting aside a portion of its budget to finance on-farm and off-farm livelihood projects for coconut farmers such as intercropping and livestock. Meanwhile, Pambansang Kilusan ng Magbubukid sa Pilipinas (PKMP) Chairman Eduardo Mora said the legal team of Senator Bong Go pledged to help coconut farmers push for provisions that they want to be included in the Coco Levy Act, the proposed law that will pave the way for the release of the P100-billion coco levy fund.           “It was the office of Senator Bong Go that informed us that the senate version of Coco Levy Act was already passed in third and final reading. But his legal team also assured to help us in the congress version of the law, in bicameral, and in the drafting of the IRR [implementing rules and regulation] of the law,” Mora told Business Bulletin.         Mora’s group, which represents more than a hundred thousand coconut farmers in the country, has been calling for increased farmers’ representation in the planned coconut trust fund management committee.         Coconut farmers also don’t want the funds to be handled by PCA, Mora said.         Business Bulletin already sought for Agriculture Secretary William Dar’s reaction regarding the farmers’ opposition of the Coco Levy Act, but he hasn’t responded yet. .....»»

Category: lifestyleSource:  abscbnRelated NewsOct 24th, 2020

House panel defends & rsquo;errata& rsquo;

The House of Representatives' small committee's institutional amendments amounting to P20-billion in the proposed 2021 national government budget were “well-meaning and should not be a cause of conflict between the two houses of Congress.”.....»»

Category: newsSource:  thestandardRelated NewsOct 23rd, 2020