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MANILA, Sep. 14 — The Department of Budget and Management (DBM) has announced that 95.5 percent of allotments have already been made available to departments and agencies as of August 31, in line with the Aquino administration’s goal to speed up government spending this year. To date, this figure brings fund releases to a total of P2.321 trillion, which represents 89.1 percent of the original P2.606 trillion 2015 General Appropriations Act (GAA). “By the end of […]
MANILA, July 31—The Department of Budget and Management (DBM) emphasized on Thursday that various transfers of appropriation under the 2014 budget were legitimate and open to public scrutiny, after Kabataan Partylist Representative Terry Ridon alleged that P323.6 billion in funds were improperly realigned in 2014. The DBM likewise clarified that fund realignments and transfers of appropriation are different, where realignments involve the reallocation, modification, or change of details within an existing program, activity, or project. […]
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 […]
JULY 15 (DBM) — Department of Budget and Management (DBM) Secretary Florencio “Butch” Abad has urged the City of Makati to finally do away with handing out envelopes during payday in favor of a comprehensive electronic payroll system, in reference to a 2012 report by the Commission on Audit (COA) that noted the city was still paying their employees using cash. The 2012 COA Annual Audit Report on Makati also noted that majority of government […]
MANILA, Philippines – According to Senator Francis Escudero, Chairman of the Senate Committee on Finance, the lump sum appropriation provision on the 2015 budget cannot be lightly used by the Palace. The senator added that the Department of Budget and Management (DBM) must first submit an itemized listing on how the money would be used to the Senate and the Commission on Audit (COA). (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos) https://youtu.be/7v4IMOwUjJc
JUNE 5 (Eagle News) — There will be more room in the 2016 budget for new socio-economic programs because of a new budgeting approach by the Department of Budget and Management (DBM). The DBM said it has adopted the Two-Tier Budgeting Approach (2TBA) for fiscal year 2016, which resulted in the creation of budgetary space amounting to around P581 billion for expanded and new programs and projects. In a statement, the department said this was […]
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 […]
The Congress reacted strongly against the strict financial measures being implemented by the Department of Budget and Management (DBM), saying that it interferes with the independence of the legislative branch of the government.
MANILA, Dec 2 — The Department of Budget and Management (DBM) is coordinating with Congress for the smooth passage of the P23.3-billion supplemental budget, a Palace official said on Monday. “Ginagawa ng administrasyon sa pamamagitan ng DBM, ang pakikipag-ugnayan sa ating mga mambabatas at sa mga lider ng Kongreso para magkaroon ng pagkakaunawaan kung ano ang pinakamainam na landas na tatahakin hinggil dito sa pagkakaroon ng supplemental budget,” Presidential Communications Operations Office Secretary Herminio Coloma, […]
MANILA, Nov. 21 — Committed to investing in basic education, the Department of Budget and Management (DBM) is releasing P775.5 million to the Department of Public Works and Highways (DPWH) to cover the construction of classrooms in areas experiencing acute classroom shortage nationwide. The DBM in a statement said this is the fourth batch of funds released this year from the Basic Education Facilities Fund (BEFF), which had an allocation of P39 billion from the […]
MANILA, Nov 20 — In its bid to develop a more responsive budget plan for the next fiscal year, the Department of Budget and Management (DBM) is pushing for a P23-billion supplemental budget to ensure sufficient funding support for crucial development initiatives, including various infrastructure projects for post-Yolanda rehabilitation and government preparations for the 2015 Asia-Pacific Economic Cooperation (APEC) Summit. Budget Secretary Florencio “Butch” Abad explained, “The National Treasury has already certified the availability of […]
The Department of Budget and Management and Climate Change Commission joined together in a transparency initiative on government funds specially those used in addressing climate change issues.
