Tag: Unprogrammed funds

DBM: Unprogrammed funds in 2024 nat’l budget are standby funds with safeguards

(Eagle News)–The Department of Budget and Management said the unprogrammed funds in the General Appropriations Act are only standby funds to address unforeseen expenditures and prioritize essential programs. According to the DBM, the unprogrammed appropriations also have built-in safeguards to prevent unconstitutional spending. It said they can only be released if several funding conditions are met, such as when the government, through the Bureau of Treasury, is able to collect excess revenue/income beyond its initial […]