Secretary Abad: “This latest release guarantees the timely delivery of regular pension benefits to our retired military personnel [and war veterans]. At the same time, we continue our transparency efforts to update, validate, and cleanse our list of beneficiaries so that it’s free of invalid, duplicate, and ghost entries.”
In line with the government’s continuing post-calamity rebuilding and rehabilitation efforts, the Aquino administration—through the Department of Budget and Management (DBM)—has released P1.05 billion to the Department of Agriculture (DA) to support various projects under the Reconstruction Assistance on Yolanda (RAY) program, particularly those that will help affected farmers recover from the super typhoon.
The Aquino Administration’s continuing bid for economic expansion and inclusive growth was off to an excellent start in 2014, as end-of-January expenditures for infrastructure and other Capital Outlay (CO) surged to P23.8 billion—a P7.4 billion or 45.1-percent increase—from the P16.4 billion recorded in the same month last year.
The Department of Budget and Management (DBM) today announced that a Multi-Year Obligational Authority has been issued to the Department of Transportation and Communications (DOTC) in support of the Bicol International Airport Development Project. The new airport in the province of Albay—which will replace the existing airport in Legazpi city—is set to be completed in 2016.
The signing of the peace pact is a remarkable story of success for the Filipino people. Lasting peace has long been elusive in Bangsamoro communities, and armed conflict has frequently undermined the region’s potential for growth. The peace agreement between the government and the Bangsamoro will shape the country’s strategy for ensuring lasting peace, as well as improve socio-economic development in the ARMM.
Secretary of Budget and Management Florencio “Butch” Abad confirmed that P26.2 billion in funds have already been released as of March 10 for post-disaster projects and activities in areas affected by Typhoon Yolanda.
Unliquidated expenses in government transactions? Process gaps in procurement that leave wide room for graft and corruption? An administration-led project to use cashless cards in government purchases may just be the solution.
The Department of Budget and Management (DBM) reported the release of P600 million to cover the funding requirements for the Government Integrated Financial Management Information System (GIFMIS), the Administration’s information technology (IT) system for integrating all public financial management processes, in line with the Aquino administration’s transparency and accountability agenda.
The Aquino administration, through the Department of Budget and Management (DBM), has approved the Multi-Year Obligation Authority (MYOA) of the Department of Public Works and Highways (DPWH) with the Korea Economic Development Cooperation Fund (EDCF). The MYOA will support the implementation of the flood control component of the P3.83-billion Integrated Disaster Risk Reduction and Climate Change Adaptation in the Low Lying Areas of Pampanga Bay Project.
The Department of Budget and Management (DBM) reported the release of P942 million for the hiring of 3,000 more police officers for the Philippine National Police (PNP) this year, in line with the Aquino administration’s bid to strengthen the PNP’s law enforcement capabilities.