The Department of Budget and Management (DBM) released P4.390 trillion, or 97.4 percent of the P4.506 trillion FY 2021 national budget, as of October 31, 2021. This therefore leaves a balance of P115.57 million, which is set to cover funding requirements for the remaining months of the year. Bulk of the allotments released, amounting to P2.496 trillion, went to various departments and agencies while some P387.12 billion was released from Special Purpose Funds such as Budgetary Support to Government Corporations, Allocation to Local Government Units, Contingent Fund, Miscellaneous Personnel Benefits Fund, National Disaster Risk Reduction and Management Fund, and Pension and Gratuity Fund. Allotment releases for automatic appropriations increased to P1.238 trillion. These include releases for the Internal Revenue Allotment of Local Government Units, Pension of Ex-President/Ex-President Widows, Net Lending, Interest Payments, Tax Expenditures Fund/Customs Duties and Taxes, and Retirement and Life Insurance Premium requirements. Further, allotments for other automatic appropriations amounting to PhP34.10 billion have also been released. In line with Republic Act (RA) No. 11520 which...
Thumbnail SOCIOECONOMIC PLANNING SECRETARY KARL KENDRICK T. CHUA FINANCE SECRETARY CARLOS G. DOMINGUEZ BUDGET AND MANAGEMENT OFFICER-IN-CHARGE TINA ROSE MARIE L. CANDA NOVEMBER 9, 2021   Colleagues in government, friends from the media, fellow Filipinos, good morning. In the third quarter of 2021, we contained the Delta variant and sustained our economic expansion even as stringent quarantines were in place. Our strategy was correct. The results are clear. Performance of the economy The Philippine economy grew by 7.1 percent year-on-year in the third quarter. This is up from the -11.6 percent in the same period last year. This is among the highest third quarter growths in the ASEAN and East Asian region. On a seasonally adjusted quarter-on-quarter basis, the economy expanded by 3.8 percent. This indicates sustained recovery despite two weeks of the ECQ and a month of MECQ in the country’s economic centers. While observing the health protocols, our people continued to work and businesses continued to operate. At the same time, we saw the new daily infections fall from a peak of 26,000 on September 11 to less than 1,800 last November 4. This is due to the rapid inoculation drive from July to...
As of September 30, 2021, a total of  P690.26  billion has been released by the Department of Budget and Management to continuously support the COVID-19 response programs of various implementing agencies. Of this amount, the government obligated  a total of P637.97 Billion (92.4 percent) and disbursed P570.04 billion (89.4 percent), as reported in the agencies’ respective Financial Accountability Reports (FARs).  Additional releases during the third quarter of 2021 were charged from the FY 2021 General Appropriations Act (GAA) following the expiration of the validity of funds under the Bayanihan 1 and 2 laws. These include the payment for the COVID-19 special risk allowance of public and private health workers, purchase of COVID-19 vaccine ancillaries, procurement of RT-PCR testing kits and renewal of contracts for hiring of healthcare professionals, among others.  Status of COVID-19 Releases Under the Bayanihan to Recover as One Act or Bayanihan 2, agencies have obligated P204.07 billion (95.3 percent) out of the P214.12 billion allotment released. This leaves a balance of P10.05 billion, of which only P4.56 billion can still be utilized by implementing agencies until December 31, 2021....
Thumbnail We, the members of the Development Budget Coordination Committee, are committed to support our transportation sector, amidst the increasing oil prices. The government shall release P1.0 billion to the Land Transportation Franchising and Regulatory Board (LTFRB) to provide cash grants to around 178,000 bonafide Public Utility Vehicles (PUV) drivers for the remaining months of the year. This will be distributed using the system established under the Pantawid Pasada Program of the LTFRB. The funds will be charged against the FY 2021 Unprogrammed Appropriations under the Support for Infrastructure Projects and Social Programs.   -END- Telephone: (+632)-657-3300 local 3315 Twitter: @DBMgovphFacebook: ...
The Department of Budget and Management (DBM) officially launched the pilot implementation of the Action Document Releasing System (ADRS) on October 1, 2021, consistent with the provisions of DBM Circular Letter (CL) No. 2021-8 dated August 18, 2021 entitled “Online Release of Advice of Notice of Cash Allocation Issued (ANCAI)”.  The ADRS is a web-based application which facilitates the release of approved DBM action documents in digital format directly to the authorized users of recipient agencies.  The fourteen (14) pilot Departments/Agencies who have completed their online training on the use of ADRS can now download their Special Allotment Release Orders (SAROs) and ANCAIs, and the corresponding schedules and attachments, through the system. The pilot Departments/Agencies for the ADRS are as follows: ●      DBM; ●      Commission on Audit; ●      Department of Environment and Natural Resources; ●      Department of Education; ●      Department of Finance; ●      Department of Health; ●      Department of Information and Communications Technology; ●      Department of the Interior and Local Government; ●      Department of National Defense; ●      Department of Public Works and Highways; ●      Department of Science and Technology;...
An additional P451.31 million was released by the Department of Budget and Management (DBM) for the payment for the Special Risk Allowance (SRA) of eligible public and private healthcare workers (HCWs) who are directly catering to or are in contact with COVID-19 patients from December 20, 2020 to June 30, 2021. Of this amount, P407.08 million was charged from the Contingent Fund while P44.23 million was charged from the Miscellaneous Personnel Benefits Fund under the FY 2021 General Appropriations Act.  Overall, the DBM has already released a total of P8.23 billion, which benefitted about 499,116 HCWs who each received an SRA not exceeding P5,000 per month for the covered period. The SRA is an additional benefit received by HCWs, apart from the existing compensations as prescribed under the Magna Carta of Public Health Workers and the DOH-DBM Joint Circular No. 1, series of 2016.   (30)   Twitter: @DBMgovphFacebook: ...
Thumbnail SOCIOECONOMIC PLANNING SECRETARY KARL KENDRICK T. CHUA FINANCE SECRETARY CARLOS G. DOMINGUEZ BUDGET AND MANAGEMENT OIC TINA ROSE MARIE L. CANDA SEPTEMBER 7, 2021   The labor force continues to recover as we build on the 11.8 percent economic growth recorded in the second quarter of 2021. The unemployment rate fell to its lowest since the start of the pandemic due to more relaxed quarantines, but risk aversion and precautionary behavior led to a decrease in the labor force participation rate. We will continue to strengthen our healthcare capacity, accelerate the vaccination program, and impose more targeted granular lockdowns to enable more people to safely join the labor force and earn a living.  Labor force survey results[1] As reported by the Philippine Statistics Authority (PSA) today, the unemployment rate in the country decreased from 7.7 percent in June 2021 to 6.9 percent in July 2021.  A significant improvement was seen in the National Capital Region (NCR), where the unemployment rate dropped from 14.4 percent in April 2021 to 9.0 percent in July 2021 as the quarantine restrictions were eased from modified enhanced community quarantine to variations of the general community...

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