The Philippines placed 47th out of 140 competitive economies in this year’s Global Competitiveness Index released by the World Economic Forum.
DBM: The Supreme Court itself observed that DAP was instrumental in accelerating public spending, and in such a manner that allowed the country to achieve significant economic progress.
The Bottom-up Budgeting process will give Filipinos in Mindanao a greater voice and stake in the national budget process.
The government has released P9.41 billion to build 6,098 classrooms in 956 high schools nationwide.
The workshop encourages governments to lead their own initiatives for fiscal transparency and citizen participation.
The 2016 National Expenditure Program (NEP) provides P100 million for the legal aid of overseas Filipino workers.
Government spending for infrastructure and capital outlay (CO) in July skyrocketed by 92.9% or almost P19 billion over levels posted in July 2014, ramping up disbursements for the month and bringing July expenditures to P210.7 billion this year.
95.5% of allotments have already been made available to departments and agencies as of August 31, in line with the Aquino administration’s goal to speed up government spending this year.
The Philippines received the highest score for budget transparency in Southeast Asia, following the results of the 2015 Open Budget Survey (OBS). The OBS likewise ranked the country second in Asia and 21st in the world.
Under the 2015 budget, the BuB program covers 1,590 municipalities and cities across the country, with a budget of P20.9 billion. In 2016, the Administration is proposing a budget of P24.7 billion to support the implementation of more than 14,300 BuB projects nationwide.
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