House to pass P66 billion supplemental budget for DA
The House of Representatives vowed to approve the P66-billion supplemental budget sought by the Department of Agriculture to aid the agriculture and fisheries sectors overcome the economic impact of the COVID-19 pandemic......»»
P450 billion unprogrammed funds challenged before SC
Minority lawmakers are asking the Supreme Court to nullify the P449.5 billion in unprogrammed allocation in the national budget, saying the amount was way above the P289.1 billion originally proposed, making it unconstitutional......»»
DBM: P30 billion released for 2023 allowances of HCWs
The Department of Budget and Management last year released P30.1 billion in emergency allowances for health care and non-health care workers nationwide......»»
P3 billion released for rehab, repair of school buildings
The Department of Budget and Management has released P3.049 billion to rehabilitate and repair various school buildings across the country......»»
Government infrastructure spending soars to P107 billion
The Marcos administration ramped up its infrastructure spending in October last year by 75 percent to P107 billion, largely to fund road projects, the Department of Budget and Management said......»»
2024 budget to include P1 billion for protected bike lanes, pedestrian walkways
At least P1 billion has been earmarked for the construction of protected bicycle lanes and other infrastructure for cyclists’ and pedestrians’ safety in the 2024 budget, a lawmaker said on Tuesday. .....»»
LGU budget hiked to P871 billion this year
The budget allocation for local government units (LGUs) this year will increase by six percent to P871 billion as state revenues have slowly recovered from the COVID pandemic......»»
Budget deficit narrows to P93 billion in November
The government posted a lower budget deficit of P93 billion in November as revenue collections picked up while state spending declined......»»
BARMM’s 2024 budget: nearly P100-B a year before transition gov’t steps down in favor of elected
DAVAO CITY (MindaNews / 26 December) – The Bangsamoro Parliament has approved the proposed P98.5 billion budget of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) for 2024, the last full-year budget that will be implemented by the 80-member Bangsamoro Transition Authority (BTA) before the transition government steps down on June 30, 2025 and the first […].....»»
P450 billion unprogrammed funds has built-in safeguards, says DBM
The Department of Budget and Management maintained that the P450 billion in unprogrammed appropriations approved for next year has built-in safeguards to prevent unconstitutional spending......»»
Philippines health budget climbs 6-fold to P309 billion
The government’s annual health budget posted a six-fold jump in the last decade due to higher sin taxes, according to a working paper published by the Institute for Leadership, Empowerment and Democracy......»»
Cebu Daily Newscast: Cebu City’s 2024 budget slashed from P100 Billion to P20 Billion
Here are the day’s top stories in this Thursday’s edition of Cebu Daily Newscast: Cebu City’s 2024 budget slashed from P100 Billion to P20 Billion The proposed budget for Cebu City’s operations in 2024, initially set at an ambitious P100 billion, has been slashed to just over P22 billion. This was after the city council.....»»
Parañaque approves P12.4 billion budget for 2024
The city council of Parañaque has approved a P12.4-billion budget for next year, Mayor Eric Olivarez announced on Wednesday......»»
Cebu City’s 2024 budget slashed from P100 Billion to P20 Billion
CEBU CITY, Philippines – The proposed budget for Cebu City’s operations in 2024, initially set at an ambitious P100 billion, has been slashed to just over P20 billion. This after the city council approved the amended budget during the council’s regular session on Wednesday, December 20, 2023. The annual budget ordinance was authored by City.....»»
China s defence budget could be far greater than declared
Beijing [China], December 18 (ANI): Everyone acknowledges that China's declared defence budget is lower than its real expenditure. The only question is how much, and it turns out it could be several times higher than what most think. When China announced its 2023 defence budget on March 5, the figure quoted by the government was CNY 1.5537 trillion (USD 224.59 billion). This represented a rise of 7.2 per cent compared to.....»»
Philippine president signs 103 bln USD national budget for 2024
MANILA, Dec. 20 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Wednesday signed into law the 5.768 trillion pesos (roughly 103 billion U.S. dollars) 2024 national budget, which aims to make the economy future-proof and sustainable while supporting its medium-term fiscal consolidation agenda. The 2024 General Appropriations Act "details our battle plan in fighting poverty and combatting illiteracy.....»»
Philippine president signs 103 bln USD national budget for 2024
MANILA, Dec. 20 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Wednesday signed into law the 5.768 trillion pesos (roughly 103 billion U.S. dollars) 2024 national budget, which aims to make the economy future-proof and sustainable while supporting its medium-term fiscal consolidation agenda. The 2024 General Appropriations Act "details our battle plan in fighting poverty and combatting illiteracy.....»»
2024 budget to include P450 billion aid to poor families
At least P450 billion in financial assistance for poor and low-income families is included in the P5.768-trillion national budget for 2024, according to Speaker Martin Romualdez......»»
P500-B ‘ayuda’ for 48-M poor families included in 2024 budget — Romualdez
MANILA, Philippines — The proposed P5.768-trillion 2024 national budget includes almost P500 billion social amelioration program or “ayuda” for at least 12 million poor and low-income families or an estimated 48 million Filipinos, Speaker Ferdinand Martin Romualdez said Tuesday. “For the first time, under the administration of President Ferdinand Marcos Jr., we are allocating half-a-trillion.....»»
China s defence budget could be far greater than declared
Beijing [China], December 18 (ANI): Everyone acknowledges that China's declared defence budget is lower than its real expenditure. The only question is how much, and it turns out it could be several times higher than what most think. When China announced its 2023 defence budget on March 5, the figure quoted by the government was CNY 1.5537 trillion (USD 224.59 billion). This represented a rise of 7.2 per cent compared to.....»»
Angara defends P450 billion hike in 2024 budget standby funds
Sen. Sonny Angara has defended the P450-billion hike in unprogrammed funds in the ratified 2024 national budget, saying it has been a longtime practice to appropriate a standby fund in the budget law......»»