Infrastructure spending increases by 37.3% in 2nd quarter

The second quarter of 2015 saw faster disbursements for public infrastructure and capital outlay from the Department of Budget and Management (DBM). According to the DBM, the increase in disbursements was largely to the greater requirements of infrastructure development under DPWH.

Bottom-up Budgeting summit shows program’s progress

The Bottom-up Budgeting program was set-up in 2013 to help the Philippines to help the Philippines attain its Millennium Development Goals of inclusive growth and poverty reduction. Now, two years later, the Department of Budget and Management is holding a two-day summit to show how far the project has come.

Manila Metropolitan Theater to begin undergoing major rehabilitation work

P9.48M has been released by the DBM in order to jumpstart rehabilitation work on the Manila Metropolitan Theater. The National Commission for Culture and the Arts purchased the heritage building from the Government Service Insurance System last May.

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.

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