Historically, the fourth quarter has always been strong in terms of public spending as agencies rush to finish their projects.
Abad: We are confident that our economic performance for the third quarter of 2015 provides a strong foundation for higher quality growth and a positive momentum for taking the Daang Matuwid to inclusive growth in the years ahead.
Under the newly proposed Salary Standardization Law, salaries of public school teachers and nurses will be twice as much compared to their private counterparts.
Upon full implementation of the proposed pay hike, the compensation for government workers is expected to be about 70 percent of the market rate.
The newly endorsed salary standardization bill mandates a four-year P226 billion compensation increase for those working in the public sector.
A total of P93.87 billion has been released from 2013 to 2015 to fund projects for Yolanda-hit communities.
This certification means the Department of Budget and Management’s systems and processes conform to ISO 9001:2008 quality management system standards.
The PH Bottom-up Budgeting program was cited by Samantha Power, U.S. ambassador to the United Nations, as a good example of an open government initiative.
The Philippines has in recent years improved its public financial management system with crucial assistance from the LGU PFM program.
Disbursements from January to August also grew to P1.44 trillion, 11.4 percent higher than the P1.3-trillion figure recorded over the same period in 2014.
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