P3-T 2016 budget to spur broader growth

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.

Budget chief hits VP’s flip-flopping on housing issue

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.