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MANILA, Philippines — President Ferdinand Marcos Jr. signed into law the P5.768-trillion 2024 national budget. This came more than a week after Congress approved and ratified the proposed spending plan. Marcos signed the national budget in a…
MANILA, Philippines — The bicameral conference committee on Monday gave the green light to the P5.768-trillion national spending plan for 2024, which is now up for ratification from the Senate and the House of Representatives before reaching…
MANILA, Philippines — The leaders of the Senate and House appropriations panels disclosed that the confidential funds (CF) removed earlier were not added back in the General Appropriations Bill approved by the bicameral conference committee. In separate…
MANILA, Philippines — The bicameral conference committee has finalized the 2024 General Appropriations Bill (GAB), which includes a proposed national budget of P5.768 trillion for next year. During a Monday meeting, the heads of appropriations panels in…
MANILA, Philippines — Confidential funds will not be given to civilian agencies of the government such as the Office of the Vice President (OVP) and the Department of Education (DepEd), a House of Representatives panel has decided.…
MANILA, Philippines — The increase in the proposed 2024 national budget is made possible by the expected revenue from the planned imposition of additional taxes on sweetened beverages and salty junk foods earlier than scheduled, Budget Secretary…
MANILA, Philippines — The Marcos administration’s chief economic manager on Monday said there would be no more “ayuda” or doleouts related to the COVID-19 pandemic to be funded by the proposed P5.268-trillion 2023 national budget. “As the…
MANILA, Philippines — President Rodrigo Duterte has approved the proposed P4.506 trillion national budget for 2021, the Department of Budget and Management (DBM) said Sunday. In a statement, the DBM said that Duterte approved the budget during a…
MANILA, Philippines — President Rodrigo Duterte has signed into law the P4.1-trillion 2020 national budget. The President signed this year’s spending measure in a ceremony in Malacañang on Monday afternoon. LOOK: President Rodrigo Duterte signs into law the…
MANILA, Philippines — A plan to give all deputy speakers of the House of Representatives an additional allocation of P1.5 billion each and other Housse members P700 million each under the 2020 national budget did not push…
SENATE Minority Leader Ralph Recto on Friday noted the lack of explicit allocations for the rehabilitation of areas devastated by supertyphoon Yolanda in the Visayas three years ago, calling for an “itemization” of related projects under the…
In drafting next year’s national budget, it was surprising to learn about Budget Secretary Benjamin Diokno’s aversion and opposition to the so-called “bottoms-up budgeting” initiated by the late Dept. of the Interior and Local Government (DILG) secretary…
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