Category Archives: News
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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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76.8% OF 2013 GAA RELEASED IN Q1; ABAD: FIRST-QUARTER RELEASES TO BOLSTER DELIVERY OF PUBLIC SERVICES
Posted on May 9, 2013 by piudbm in NewsThe Department of Budget and Management (DBM) announced that it has already released P960.8 billion or 76.8% of the 2013 General Appropriations Act as of end-March 2013, allowing for the prompt delivery of public services and the implementation of the Aquino administration’s priority programs and projects. This is 18.7% higher than the P809.3 billion released [...]
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DBM: NO DEADLINE EXTENSION FOR BUDGET SUBMISSIONS
Posted on May 7, 2013 by piudbm in NewsThe Department of Budget and Management (DBM) today countered reports announcing the deadline extension for agency budget proposals for FY 2014, adding that the May 13 deadline was intended for budget proposal adjustments, including the fleshing out of lump-sum amounts in agencies’ budget submissions. The clarification was made following news reports that the budget submission [...]
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STATEMENT OF BUDGET AND MANAGEMENT SECRETARY FLORENCIO B. ABAD ON STANDARD & POOR’S UPGRADE OF PHILIPPINE SOVEREIGN CREDIT RATINGS
Posted on May 3, 2013 by piudbm in News“Today, the Philippines has gained its second investment grade credit rating. Standard & Poor’s (S&P) Ratings Services has elevated the Philippines’ sovereign credit ratings to BBB- from BB+, with a stable outlook. This upgrade affirms the global market’s renewed and heightened confidence in our country as a viable investment center in Asia. “S&P attributed this [...]
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Q1 INFRA SPENDING SOARS BY 50.1% Y-O-Y; ABAD: DISBURSEMENTS NOW MORE PRECISE, FALLING IN THE RIGHT SPOTS
Posted on May 2, 2013 by piudbm in NewsReaffirming the Administration’s goal of strengthening the country’s infrastructure base, the Department of Budget and Management (DBM) today announced that disbursements for infrastructure and capital outlay (CO) grew by 50.1 percent to P58.1 billion in the first quarter of 2013, up by 19.4 billion year-on-year. This, together with improved spending for Maintenance and Other Operating [...]
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DBM OKs P575-M FOR SCHOOL FURNITURE; ABAD: FUND RELEASE TO BOOST QUALITY OF PUBLIC EDUCATION
Posted on April 28, 2013 by piudbm in NewsThe Department of Budget and Management (DBM) released P575.3 million to the Department of Education (DepEd) for the purchase of school tables and other furniture, supporting the Aquino administration’s commitment to improve educational facilities nationwide and boost the country’s public education system. Budget and Management Secretary Florencio B. Abad said that the release—chargeable against DepEd’s [...]
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P1.5-B ROLLED OUT FOR ARMM INFRA DEV’T
Posted on April 22, 2013 by piudbm in NewsAffirming the Aquino administration’s commitment to facilitate economic growth in the Autonomous Region in Muslim Mindanao (ARMM), the Department of Budget and Management (DBM) released P1.50 billion to the region’s Department of Public Works and Highways (DPWH) for the implementation of various public works projects. “The signing of the Bangsamoro peace framework signalled not just [...]
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RULES SET FOR PROMPT RELEASE OF RETIREMENT PERKS; ABAD: RETIREES TO GET BENEFITS W/IN 30 DAYS POST-RETIREMENT
Posted on April 18, 2013 by piudbm in NewsThe Department of Budget and Management (DBM) issued new guidelines for the release of retirement perks for all government employees, in a move to facilitate the efficient processing and timely release of benefits to retiring government employees. Under Budget Circular 2013-1 dated April 12, 2013, government retirees will receive their retirement perks, gratuities and other [...]
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