Author Archives: piudbm
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PNOY ADMIN OVERSEES OFW SOCIAL WELFARE; ABAD: SOCIAL WORKERS SENT ABROAD TO HELP FILIPINO MIGRANT WORKERS
Posted on June 20, 2013 by piudbm in NewsThe Department of Budget and Management (DBM) announced the creation of six Social Welfare Officer IV positions to provide support and assistance to Overseas Filipino Workers (OFWs) in need of special protection. The Budget department also approved the Personnel Services (PS) requirement amounting to almost P4 million to support the creation of these positions. Under [...]
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PNOY ADMIN POURS P4.5-B INTO CLASSROOMS, SCHOOL FACILITIES; ABAD: TIMELY BUDGET SUPPORT FOR PUBLIC EDUCATION
Posted on June 13, 2013 by piudbm in NewsIn a move that coincides with the opening of classes, the Department of Budget and Management (DBM) released P4.5 billion to the Department of Education (DepEd) for the maintenance of classrooms and the construction of sanitation facilities, in line with the Aquino administration’s commitment to improve the quality of public education nationwide. “This latest release [...]
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END-APRIL INFRA SPENDING UP BY 44.8% Y-O-Y; ABAD: EFFECTIVE PUBLIC SPENDING TO CLOSE RESOURCE GAPS
Posted on June 5, 2013 by piudbm in NewsThe Department of Budget and Management reported that public spending on infrastructure and other capital outlays (CO) surged to P75.2 billion as of April—a P23 billion or 44.8-percent increase year-on-year—supporting the Aquino Administration’s agenda of accelerating economic development toward inclusive growth. The increase is attributed mainly to actual disbursements of the Department of Public Works [...]
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ABAD: GOCC EARNINGS TO SHORE UP KEY BUDGET NEEDS; SUPPORT FOR PABLO-STRICKEN AREAS, UNPROGRAMMED PROJECTS EYED
Posted on June 4, 2013 by piudbm in NewsDepartment of Budget and Management (DBM) Secretary Florencio B. Abad today lauded the 38 government-owned or -controlled corporations (GOCCs) that turned over P27.89 billion in dividends and other remittances to the national government, adding that the high turnout will help support urgent public expenditures, including those for the rehabilitation of typhoon-hit areas across the country. [...]
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ABAD: GRAFT RAP BASED ON OUTDATED LAW; AMENDED RULE SETS P1-M CAP ON WHISTLEBLOWER REWARD
Posted on May 31, 2013 by piudbm in NewsDepartment of Budget and Management (DBM) Secretary Florencio B. Abad today said that graft charges filed against him were based on an outdated law, clarifying as well that an informer’s reward for reporting smuggled goods has been limited to either P1.0 million or 10 percent of the fair market value of the confiscated items. The [...]
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STATEMENT BY SEC. FLORENCIO B. ABAD ON THE 7.8% Q1 GDP GROWTH
Posted on May 30, 2013 by piudbm in News“Since the year began, we have been seeing an unmatched level of confidence in the Philippine economy from various sectors, as evidenced by a succession of investment grade ratings and consistently optimistic growth forecasts by local and international markets. With our GDP expanding by 7.8 percent in the first quarter, the Philippines’ economic performance continues [...]
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GOV’T DISBURSEMENTS INCREASE BY 25% IN APRIL; ABAD: NEW BUDGET REGIMES ENABLE FOCUSED, FASTER SPENDING FOR INCLUSIVE GROWTH
Posted on May 27, 2013 by piudbm in NewsBudget and Management Secretary Florencio B. Abad today reported that national government spending in the month of April reached P153.2 billion, a 25.3-percent increase from the P122.2-billion disbursement level in April last year. This brings the disbursement level in the first four months of 2013 to P584.0 billion, which is P66.9 billion or 12.9 percent [...]
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DBM INFUSES P42-M INTO BANGSAMORO TRANSITION COMMISSION; ABAD: INITIAL ALLOCATION TO SUPPORT BANGSAMORO CAUSE
Posted on May 22, 2013 by piudbm in NewsThe Department of Budget and Management (DBM) rolled out P42 million as allocation—of which P29 million has been released as cash—to support the operational requirements of the Bangsamoro Transition Commission, in line with the Aquino administration’s goal of facilitating socio-economic reform and development in the Autonomous Region in Muslim Mindanao (ARMM) through the creation of [...]
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CLARIFICATION BY THE DEPARTMENT OF BUDGET AND MANAGEMENT ON NEWS REPORTS ABOUT THE ALLOCATION OF COCONUT LEVY FUNDS
Posted on May 21, 2013 by piudbm in NewsThe Department of Budget and Management (DBM) wishes to clarify news reports about the supposed allocation of P120 billion in coconut levy funds, allegedly as “pork barrel” for Administration allies, and “left out” allegedly “opposition-led” provinces from the list of beneficiary-provinces. First of all, we wish to clarify that no budgetary allocation or release has [...]
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DBM ROLLS OUT P1.4-B FOR PNP RETIREE PERKS
Posted on May 10, 2013 by piudbm in NewsThe Department of Budget and Management (DBM) released a total of P1.39 billion to cover the pension benefits of additional Philippine National Police (PNP) retirees, whose names have already been cleared and verified for enrolment in the Land Bank’s Automated Teller Machine (ATM) system. Of the full amount, P715 million will cover the pension requirements [...]
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