In a move that boosts the Aquino administration’s strategy for managing climate change risks, the Department of Budget and Management (DBM) released P505.6 million to the Department of Energy (DOE) to cover the government’s funding share in a project that will launch more electronic tricycles into Metro Manila’s roads.
“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.
In view of the Aquino administration’s goal to ramp up education reform in the country, the Department of Budget and Management (DBM) released P9.52 billion in January to the Department of Education (DepEd) for the creation of 31,335 elementary and secondary teaching positions for School Year (SY) 2014-2015.
The Aquino administration through the Department of Budget and Management (DBM) announced the release of P1.71 billion to the Department of Agriculture-Bureau of Fisheries and Aquatic Resources (DA-BFAR) to support the implementation of the Rehabilitation Plan for fishing communities struck by Typhoon Yolanda in November 2013.
In line with President Benigno S. Aquino III’s commitment to advance higher education in the country, the Aquino administration—through the Department of Budget and Management (DBM)—has given the go signal for the release of P1.05 billion to the Commission on Higher Education (CHED) for the provision of college scholarships nationwide, as well as the implementation of the agency’s key programs and projects.
The Department of Budget and Management (DBM) announced the release of P2.91 billion as part of the National Government’s share for the payment of unpaid Government Service Insurance System (GSIS) premiums for Department of Education (DepEd) employees, specifically for the period covering July 1, 1997, to December 31, 2010.
In line with the Aquino administration’s commitment to inclusive growth and development, the Department of Budget and Management (DBM) released P600 million in January to the National Housing Authority (NHA) for the relocation of 2,069 informal settler families (ISFs) currently living in Pateros City, Metro Manila.
The Department of Budget and Management (DBM) today clarified that there were no “early birds” in the release of funds from the Disbursement Acceleration Plan (DAP), adding that several releases charged against DAP for various projects and programs were made from October to December 2011. These releases included those for projects identified by Senators Ferdinand Marcos Jr., Jinggoy Estrada, Vicente Sotto III, and Ramon Revilla, Jr., for which Special Allotment Release Orders (SAROs) were originally rolled out in December 2011.
The Aquino administration—through the Department of Budget and Management (DBM)—gave a Multi-Year Obligational Authority (MYOA) to the Department of Transportation and Communications (DOTC), effectively green-lighting a contactless smartcard fare collection system for Light Rail Transit (LRT) lines 1 and 2, as well as for the Metro Rail Transit (MRT) 3 in Metro Manila.
The Department of Budget and Management (DBM) today announced the release of P167 million to cover pension arrears for 380 retired firemen from the Bureau of Fire Protection (BFP).