Category Archives: News

• DBM’S ICT INITIATIVE BAGS FUTUREGOV AWARD

  Posted on April 15, 2013 by piudbm in News

  The Department of Budget and Management (DBM) was recognized as “Government Organization of the Year” by FutureGov magazine, which hailed the agency for its landmark Medium-Term Information and Communications Technology Harmonization Initiative (MITHI). The initiative is designed to streamline and harmonize all information and communication technology (ICT) systems across government, and ensure a systematic process for the [...]

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• FEBRUARY SPENDING CLIMBS BY 14.3% Y-O-Y; DISBURSEMENT GROWTH FOR JAN TO FEB: HIGHEST RECORDED SINCE 2007

  Posted on April 3, 2013 by piudbm in News

  The Department of Budget and Management (DBM) today announced that disbursements topped at P124.1 billion for February—14.3 percent higher than expenditure levels posted in the same period in 2012—exceeding the 11-percent year-on-year spending jump posted earlier in January. The DBM also reported that cumulative disbursements for the first two months of the year amounted to [...]

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• ABAD TO UNA: SUC BUDGET HIKED YEARLY SINCE 2011

  Posted on April 2, 2013 by piudbm in News

  Budget and Management Secretary Florencio B. Abad reiterated that subsidies for state universities and colleges (SUCs) have been increased yearly under the Aquino administration, adding that the SUC budget in 2013 saw an increase by 44 percent to support President Aquino’s campaign for improved public tertiary education in the country. Abad made this statement following [...]

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• ABAD: FITCH UPGRADE TO DRIVE INFRA SPENDING TO 5% OF GDP

  Posted on March 31, 2013 by piudbm in News

  Budget and Management Secretary Florencio B. Abad today said that Fitch Ratings’ investment grade stamp for the Philippines will help push infrastructure spending higher, as the Administration creates greater room for expenditures for the country’s social and economic sectors. “With the country now at investment grade, we’re determined to strengthen our economic position further and [...]

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• Announcement: 2012 Zero-Based Budgeting Studies

  Posted on March 26, 2013 by piudbm in News

  We are pleased to announce that the 2012 Zero-Based Budgeting Studies are now available for downloading from our official website. To view and download the files, please click here and scroll down to the bottom of the page. Launched in 2010 by the Aquino administration, the Zero-Based Budgeting (ZBB) approach is a key reform measure that helps [...]

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• DBM HITS DOOMSDAY SUC BUDGET FORECAST

  Posted on March 26, 2013 by piudbm in News

  Budget and Management Secretary Florencio B. Abad countered reports alleging that State Universities and Colleges (SUCs) will have their budgets slashed in 2014, adding that indicative budget ceilings for the next fiscal year are merely tentative and subject to further discussion with concerned departments and agencies. “These pronouncements on the 2014 budget for SUCs are [...]

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• JANUARY INFRA SPENDING JUMPS BY 43.1 % Y-O-Y; TOTAL Y-O-Y DISBURSEMENTS CLIMB BY 11% TO P157.9-B

  Posted on March 25, 2013 by piudbm in News

  The Department of Budget and Management (DBM) reported that spending for infrastructure and capital outlay in January rose by 43.1 percent to P16.4 billion, outperforming the P11.5 billion spent in the same period last year. This, together with improved spending on agency maintenance and operations, helped drive total disbursements for the month to P157.9 billion. [...]

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• ABAD: NO BUDGET CUT FOR SUCs; ALLOCATION FOR STATE UNIVERSITIES, COLLEGES UP BY 44%

  Posted on March 25, 2013 by piudbm in News

  Budget and Management Secretary Florencio B. Abad emphasized that state universities and colleges (SUCs) did not suffer a budget cut this year, but were instead given a total of P37.1 billion in 2013, 44 percent higher than their total allocation in 2012. Abad confirmed this in the wake of recent reports that decried alleged budget [...]

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• DBM GIVES GREEN LIGHT TO MORE INFRA PROJECTS; P1.92-B RELEASE FOR NATIONWIDE FLOOD CONTROL, FARM-TO-MARKET ROADS

  Posted on March 25, 2013 by piudbm in News

  The Department of Budget and Management (DBM) has approved the release of a combined P1.92 billion to the Department of Public Works and Highways (DPWH) and the Department of Agriculture (DA) for the implementation of  flood control and farm-to-market road projects, respectively. DBM Secretary Florencio Abad confirmed that P1.23 billion of the total amount was released [...]

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• DBM GIVES THUMBS-UP TO PBB RELEASES; ABAD: P832-M IN FUNDS ALREADY DISTRIBUTED FOR MERIT-BASED BONUSES

  Posted on March 21, 2013 by piudbm in News

  The Department of Budget and Management (DBM) announced that P831.8 million in funds have already been made available to several departments and agencies, state colleges and universities (SUCs), and government-owned or controlled corporations (GOCCs) for the distribution of the Performance-Based Bonus (PBB) to their respective employees. “We commend all departments, agencies, and GOCCs that successfully [...]

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