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.
Year-on-year improvement in government disimbursements show with capital outlay and operating expenditures in May increasing by 20.1%. Growth driven by improved agency performance from administration.
The administration continues to push for technology as a means to boost public empowerment, transparency and accountability.
The DBM is taking steps to address the recommendations given by the International Monetary Fund in their Fiscal Transparency Evaluation.
According to DBM Secretary, the use of the electronic payroll system in Makati will encourage efficiency and transparency by eliminating the possibility of ghost employees.
We urge Mr. Lacson to reach out to the DBM if he has any misgivings about the National Budget, so we can prevent the misinterpretation of budget data.
As of June 30, 2015, the Department of Budget and Management has already released 95% of agency allotments.
DBM Secretary Florencio “Butch” Abad said that they are gearing up for the government’s 2016 spending plan, which is double the Aquino administration’s P1.541-trillion budget in 2010.
Contrary to the Vice President’s allegations, DBM records show that the four housing corporations headed by Binay—including the National Housing Finance Corporation (NHFC), Social Housing Finance Corporation (SHFC), Home Guaranty Corporation (HGC), and National Housing Authority (NHA)—have received a total of P116.3 billion pesos, beginning 2010 until 2015.