Category Archives: Department of Budget and Management

LGUs get P1.8-B IRA fund boost

A May 22, 2012 press release from the Department of Budget and Management: The Department of Budget and Management (DBM) announced the release of P1.8 billion in Internal Revenue Allotment (IRA) funds to local government units (LGUs), marking the fourth installment of the IRA differentials due to LGUs under the Monetization in IRA Collectibles for Local Empowerment 2 (MIRACLE 2). Continue reading →

President Aquino gives nod to incentive hike for rationalization plan

A May 16, 2012 press release from the Department of Budget and Management: Affirming the administration’s drive for improved public service and fair compensation for government workers, President Benigno S. Aquino III directed the Department of Budget and Management (DBM) to upgrade incentives for all employees affected by the rationalization program for government agencies and departments. Continue reading →

The Secretary of Budget and Management on the approval of HB 5727 in the House Committee on Ways and Means, May 13, 2012

I join the Aquino administration in congratulating the House Ways and Means Committee for approving House Bill 5727, which aims to reform the current excise tax system for alcohol and tobacco products. The committee’s approval of the bill brings us closer to reshaping an ineffective and woefully outdated excise tax regime, one that no longer serves the people’s best interests. Continue reading →

Aquino admin Rolls out P11.2 B for education aid program

A May 1, 2012 press release from the Department of Budget and Management: In a move that expands the government’s education aid efforts, President Benigno S. Aquino III greenlighted P11.2 billion for an Educational Assistance Fund Program (EAFP), which will be implemented through the Government Service Insurance System (GSIS) and the Social Security System (SSS). Continue reading →

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