Category Archives: News

• DBM: GUIDELINES FOR P31-B MID-YEAR BONUS OUT

  Posted on April 29, 2016 by piudbm in News

    The Department of Budget and Management has issued the specific guidelines on the grant of the P31 billion Mid-Year Bonus of government employees mandated under Executive Order No. 201. The majority of government employees will receive their bonus tax-free, according to Budget Secretary Florencio B. Abad. “Eight in every ten civilian personnel will receive [...]

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• PH TO PAY P586-M OF TOTAL PANGUIL BAY BRIDGE PROJECT – DBM

  Posted on April 28, 2016 by piudbm in News

    The national budget will fund P586 million of the total P4.9 billion cost for the construction of the pioneering Panguil Bay Bridge project in Northern Mindanao, the Department of Budget and Management (DBM) said during the ceremonial signing today of the loan agreement between the Philippine Government and the Export-Import Bank of Korea-Economic Development Cooperation [...]

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• GOV’T INKS DEAL WITH PAL ON DOMESTIC AIRLINE TRAVEL

  Posted on April 26, 2016 by piudbm in News

    The Department of Budget and Management’s (DBM) Procurement Service-PhilGEPS signed today a General Fares Agreement (GFA) with the Philippine Airlines (PAL) on domestic airline travel for an initial 23 national government agencies. Under the Agreement, all official domestic trips of government officials, employees and personnel will be given 8 percent discount for economy class [...]

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• 2017 BUDGET TO STRENGTHEN SUPPORT FOR CITIES

  Posted on April 26, 2016 by piudbm in News

    The Department of Budget and Management announced today that a total of P16.7 billion will be allocated in the 2017 national budget to implement Bottom-up Budgeting (BuB) and the Konkreto at Ayos na Lansangan ang Daan Tungo sa Pangkalahatang Kaunlaran (KALSADA) Program for cities nationwide. 2017 will be the 1st year for KALSADA and the 5th year [...]

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• FUNDS FOR LOCAL ROAD UPKEEP TO GROW SIX-FOLD TO P39B

  Posted on April 22, 2016 by piudbm in News

    Provincial governments will finally get greater and much-needed support from the National Government in managing their local road networks. The Department of Budget and Management (DBM) announced that the proposed 2017 budget for KALSADA—a landmark roads rehabilitation program—has increased six-fold to P39 billion, compared to this year’s P6.5 billion. KALSADA (Konkreto at Ayos na [...]

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• P35B PROPOSED FOR FY 2017 BOTTOM-UP BUDGETING PROJECTS

  Posted on April 19, 2016 by piudbm in News

    The Department of Budget and Management (DBM) announced today that funding for proposed projects under the FY 2017 Bottom-up Budgeting (BuB) Program will total P35 billion, up by P10.3 billion from this year’s BuB budget. Of the P35 billion proposed budget for BuB, funds amounting to P19.7 billion—or more than 50 percent of the [...]

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• ABAD: INFRA SPENDING WILL BOOST Q1 GDP

  Posted on April 14, 2016 by piudbm in News

    Higher government spending on infrastructure will boost GDP growth in the first quarter, according to Budget Secretary Florencio B. Abad. “We should have good first quarter growth bolstered by the high obligation rate of the DPWH and by election spending,” Abad said. The Department of Budget and Management (DBM) reported today that the Department [...]

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• DBM RELEASES P234-M SHARE OF LGUS FROM MINING TAXES

  Posted on April 13, 2016 by piudbm in News

    The Department of Budget and Management (DBM) announced today the release of the 40-percent share of Local Government Units (LGUs) from mining taxes in the amount of P233.8 million. The amount pertains to the LGU share from excise taxes collected from the mining industry between December 2011 and the fourth quarter of 2014. “We [...]

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• P12-B TO SUPPORT FINANCIAL ASSISTANCE TO SENIOR HIGH SCHOOL ENROLEES

  Posted on April 12, 2016 by piudbm in News

    As enrolment for Senior High School (SHS) for School Year 2016-2017 begins, the Department of Budget and Management (DBM) announced that P12 billion in funds have been allocated in the 2016 National Budget to enable qualified students to enroll in private schools as well as non-DepEd public schools that offer the SHS program. “This [...]

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• IMPROVING PUBLIC INFRASTRUCTURE IS KEY SPENDING AREA FOR 2017; FISCAL AGENCIES TIGHTEN LINK BETWEEN BUDGETING AND PLANNING TO RAISE POTENTIAL GROWTH, REDUCE POVERTY

  Posted on April 7, 2016 by piudbm in News

    Fiscal agencies are pushing for higher infrastructure spending in 2017 in a bid to further improve public infrastructure, raise potential economic growth, and reduce poverty in the country. This will entail not only allocating more funds to build quality infrastructure, but also linking medium-term plan priorities to annual budgetary considerations. Citing a 2016 International Monetary [...]

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