DBM gives green light to Bicol airport development

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.

Statement: The Secretary of Budget and Management on the Comprehensive Agreement on Bangsamoro

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.

Administration plugs P600M into Anti-Corruption IT System

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.

Aquino admin OKs Pampanga flood control project

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.

Government channels P585M to irrigation system rehab

“By giving sufficient budget support to the agriculture department, the Aquino administration can give the NIA enough leeway to fulfill their targets for 2014, specifically for shaping up existing irrigation systems across the country. More important, however, is the positive impact of better irrigation systems on crop production nationwide, which will in turn boost our agriculture industry and aid the very farmers that drive it,” Secretary of Budget and Management Florencio “Butch” Abad said.