Tag: Budget Secretary Florencio “Butch” Abad

LGUs, public warned against bogus DBM calls

MANILA, Philippines, July 21 (DBM) — The Department of Budget and Management (DBM) has cautioned the public—particularly local government units—against individuals posing as Budget Secretary Florencio “Butch” Abad or representatives of the budget agency, who have allegedly requested money in exchange for the release of supposed project funds. “It has come to our attention that fraudulent phone calls are being made to various local governments and members of the public. According to reports we’ve so […]

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92.5% of 2015 allotment to gov’t departments already released – DBM

MANILA, PIA — The Department of Budget and Management (DBM) reported that 92.5 percent of the 2015 allotments for government departments and agencies have been comprehensively released during the first quarter of the year. This is consistent with the objectives of the General Appropriations Act-as-Release-Document (GAARD) regime implemented at the start of 2014. DBM said the first quarter allotment releases from the GAA rose slightly in 2015 compared to 2014 levels with 80.4 percent of […]

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BBL funds prioritize lasting peace and inclusive growth

MANILA, PIA – The funding support that the national government will extend to the proposed Bangsamoro region will help lift some of the poorest provinces in the Philippines out of poverty, as well as contribute to lasting peace and rule of law in the area, Budget Secretary Florencio “Butch” Abad said. “We must consider the prevailing conditions in the current Autonomous Region in Muslim Mindanao (ARMM). These include the 54 percent poverty incidence in the […]

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