DBM reported the total National Government disbursements from January to November in 2014 rose 5.1 percent compared to the same period in 2013, from P1.677T to P1.762T.
To empower communities and strengthen local governments, the National Government has released P20.9B to various agencies for the implementation of 14,300 Bottom-up Budgeting projects in cities and municipalities nationwide.
Ipinaliliwanag ng Department of Budget and Management (DBM) sa kanilang bidyo ang mga paraan at prayoridad sa paggugol ng 2015 Pambansang Budget upang siguruhin ang higit na pagpapaunlad ng bansa.
The National Government is earmarking P11.0 billion to housing, not only to give Filipinos temporary shelter during emergencies but also to enable them to acquire their own homes.
Government programs that strengthen peace-building, reconstruction, and development activities are a top priority in the 2015 General Appropriations Act (GAA), receiving a budget of P9.94 billion.
To achieve the country’s 2015 GDP growth targets and address last year’s issues on spending, DBM is aiming to accelerate public spending while enhancing governance reform initiatives through proper coordination and planning.
The budget increase of 18.6 percent– as compared to P309.5 billion in 2014—will support the National Government’s thrust for improving people’s access to quality education, including the successful implementation of the K to 12 Program.
Coming up with the Build Back Better strategy, the Administration allocated P21.7 billion from the 2015 National Budget to support efforts to respond to calamities and rebuild communities affected by disasters.
The early enactment of the 2015 General Appropriations Act is set to power this year’s public spending courtesy of the National Government’s massive infrastructure programs scheduled for 2015.
Our improved growth in the last quarter of 2014 is a testament to the soundness of the Aquino administration’s fiscal management strategy.