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DBM chief warns of SC ruling’s fiscal risk

THE GOVERNMENT’S fiscal position may be at risk from the Supreme Court (SC) ruling that local governments’ share in state revenues includes all national government taxes, not just those collected by the Bureau of Internal Revenue (BIR), Budget Secretary Benjamin “Ben” E. Diokno said on Wednesday.

Duterte approves P3.757-trillion proposed national budget

By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte and his Cabinet approved last Monday, July 9, the proposed P3.757-trillion national budget. "Kahapon po ay na-approve...

May sees infra, other capital outlays rise

INFRASTRUCTURE and other capital outlays continued to surge in May, the Department of Budget and Management (DBM) said on Wednesday, backing projections that gross domestic product (GDP) growth caught up with the official target this quarter.

Roadwork and new buildings see surge in capital outlays in May:...

Infrastructure and other capital outlays continued to surge in May, due to roadwork and building construction, the Department of Budget and Management (DBM) said...

DBM’s Diokno says not yet time to lower value-added tax rates

THE GOVERNMENT will let the comprehensive tax reform proposals run their course first before studying the possibility of a lower value-added tax (VAT) rate, the Budget secretary said.

Government cash usage rises in May vs April

NATIONAL GOVERNMENT agencies’ cash use accelerated in the middle of the second quarter, according to data from the Department of Budget and Management (DBM).

Construction of railway for Subic-Clark cargo train to start next year...

The government’s plan to build a cargo train railway connecting Subic to Clark is targeted to start next year, Budget Secretary Benjamin E. Diokno...

Infrastructure, other capital outlays surge

STATE SPENDING on infrastructure and other capital outlays nearly doubled in April as the government ramped up construction and improvement of roads and flood control systems and bought more equipment for its schools, the Budget department reported on Wednesday.

LGU share of internal revenue allotment up by 7% — DBM

THE BUDGET department has fully released local government units' (LGUs) share in national government taxes as of mid-April. According to the Department of Budget and...

DBM, AirAsia ink deal to give discounts to gov’t employees

THE Department of Budget and Management (DMB) and Philippines AirAsia, Inc. on Wednesday signed a deal which would provide discounted fares to government personnel...

Gov’t releases P448 million for workers displaced by Boracay shutdown

THE government has released P448 million to finance livelihood programs that will benefit workers affected by Boracay’s six-month closure. These funds, which were released to...

Government seeks stronger US support for PHL infrastructure projects

THE PHILIPPINE government is seeking expanded support from the United States in its infrastructure program, the Department of Budget and Management (DBM) said in...

Budget department wants to use Dengvaxia refund for medical assistance to...

THE BUDGET DEPARTMENT will ask the House committee on appropriations to file a supplemental budget that would allow the use of the refunds from...

Allowances for gov’t workers to rise by P1,000

GOVERNMENT workers will receive an additional P1,000 in allowances this year after the Budget department approves guidelines for its release. “We increased the uniform allowance...

Finance chief seeks ‘total clarity’ in Bangsamoro fiscal policy

Department of Finance (DoF) Secretary Carlos G. Dominguez III said that the legislators should be clear in crafting the provisions of the Bangsamoro Basic...

Budget chief notes bonuses of teachers pending with DepEd

By Arjay L. Balinbin THE DEPARTMENT of Budget and Management (DBM) has no definite date yet as to when it can release the performance-based bonuses...

Government starts work on 2019 budget

THE DEPARTMENT of Budget and Management (DBM) has directed government offices to draft their spending plans for next year, issuing the National Budget Call...

Government agencies see sharp decline in cash usage rate

GOVERNMENT agencies’ cash usage declined in July to the slowest pace since April, according to data from the Budget department. The utilization on Notices of...

Infrastructure spending picks up amid concerns

By Elijah Joseph C. Tubayan and Ian Nicolas P. Cigaral, Reporters STATE infrastructure and other capital outlays surged in May, according to the Department of...

DBM hoping for 2018 budget approval by October

By Elijah Joseph C. Tubayan, Reporter THE Department of Budget and Management (DBM) is optimistic budget legislation for 2018 will be passed by October, alongside the...

Philippine government disbursement performance

>> Read the related story: Spending on infra falls short despite Sept., Q3 rise