President Aquino advances 2015 Budget for inclusive growth

President Benigno S. Aquino III—through the Department of Budget and Management (DBM)—today submitted the government’s proposed P2.606-trillion 2015 National Budget to Congress, in fulfillment of the Administration’s commitment to further facilitate rapid, inclusive, and sustainable growth in the country.


Secretary Abad: DAP did not support, augment CARP

The Department of Budget and Management (DBM) today said that no funds released through the Disbursement Acceleration Program (DAP) were allocated for the compensation of Hacienda Luisita landowners, contrary to a statement made by Kilusang Magbubukid ng Pilipinas (KMP) chair Rafael Mariano.


BOC revenues grow 17.5% in June 2014

The Bureau of Customs (BOC) posted revenues of P27.33 billion for the month of June 2014, up 17.5% versus the same month last year. The final report from the Bureau of the Treasury showed that cash collections—those generated from BOC operations net of the Tax Expenditure Fund (TEF), or paper transactions from government importations—grew 17% to P27.28 billion.


900-SARO count a “misleading” measure for DAP projects

Responding to news reports implying that the Disbursement Acceleration Program (DAP) mostly supported legislator-endorsed projects, the Department of Budget and Management (DBM) today said that the number of Special Allotment Release Orders (SAROs) issued to agencies for lawmaker-backed projects was not the proper measure for the program’s reach.


14.7M poorest households to get PhilHealth coverage

“Bringing universal health insurance is still a priority in the Aquino administration’s reform campaign. Central to our health agenda in the country is ensuring that the poorest have access to quality medical and health services. We therefore allotted a significant amount for the health insurance benefits of our indigents and their families this year,” Budget Secretary Florencio “Butch” Abad said.


Abad: Daylight Dialogue spotlights long-term reform

Secretary of Budget and Management Florencio “Butch” Abad today said that the Daylight Dialogue—held today at the Rizal Hall of Malacañan Palace—was a prime opportunity for the government to reflect on its accomplishments in facilitating good governance in the country, as well as for engaging various stakeholders to boost the Aquino administration’s reform agenda.