The Proposed People’s Budget is an accessible and easy-to-understand ebooklet which explains the budget department’s vision for government expenditure for the following fiscal year.
2nd quarter economic expansion attributed to strong government spending.
The second quarter of 2015 saw faster disbursements for public infrastructure and capital outlay from the Department of Budget and Management (DBM). According to the DBM, the increase in disbursements was largely to the greater requirements of infrastructure development under DPWH.
The Bottom-up Budgeting program was set-up in 2013 to help the Philippines to help the Philippines attain its Millennium Development Goals of inclusive growth and poverty reduction. Now, two years later, the Department of Budget and Management is holding a two-day summit to show how far the project has come.
Faster agency spending ensures the timely delivery of goods and services to the public.
P9.48M has been released by the DBM in order to jumpstart rehabilitation work on the Manila Metropolitan Theater. The National Commission for Culture and the Arts purchased the heritage building from the Government Service Insurance System last May.
The reallocation of funds was done to allow provincial hospitals to procure their own equipment for rural health units and barangay health stations.
The proposed budget for 2016 concentrates on widening the reach of the people’s budget to address public needs. Budget reforms for 2016 also aim to support inclusive development through government programs geared toward progress and empowermen
President Benigno S. Aquino III—through the Department of Budget and Management (DBM)—today submitted the proposed P3.002-trillion 2016 National Budget to Congress, as the Administration continues to expand the national economy and sustain governance and budget reforms instituted over the last five years.
The administration continues to prioritize the rehabiltation of areas affected by Yolanda, putting strong emphasis on “building-back-better” and rapid disaster aid.
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