Govt budget utilization hits 94% at end-July
GOVERNMENT agencies improved their spending in July, reaching a utilization rate of 94 percent, data from the Department of Budget and Management (DBM) showed.
Budgeting latest news
Japan's defence ministry seeks record budget as it faces growing threat from China
Japan’s Defense Ministry on Friday sought a record 8.5 trillion yen (US$59 billion) budget for the next year to fortify its deterrence on southwestern islands against China’s increasing threat.
Philippines waited too long to thwart China's incursions at sea – DND chief
MANILA, Philippines — The Philippines' failure to immediately counter China's illegal activities in the West Philippine Sea weakened its position and allowed other foreign powers to solidify their presence in the contested waters, the Department of National Defense chief admitted on Thursday.
P59 meal allocation per NBP inmate: Egg, rice, a slice of meat 3x a day
JUSTICE Secretary Jesus Crispin Remulla yesterday told senators that corruption remains a hiccup in the food allocation program of the New Bilibid Prison (NBP), saying that only a portion of the budget allocated for each inmate is spent for their food.
Martires wants zero confidential funds for Ombudsman’s office
OMBUDSMAN Samuel Martires on Tuesday night asked the House Committee on Appropriations to completely remove any allocation for confidential funds from the Office of the Ombudsman’s P5.824 billion proposed budget for 2025.
Marcos Jr. approves additional P3.5 billion budget for coconut industry
MANILA, Philippines — President Marcos has approved an additional P3.5-billion outlay for the planting, replanting and fertilization programs of the coconut industry for next year, citing the growing market for its products.
Sara stonewalls House questions on disallowed P73M confi funds
A COMBATIVE Vice President Sara Duterte yesterday refused to answer lawmakers’ questions on the notice of disallowance that the Commission on Audit (COA) has issued to the Office of the Vice President (OVP) for its use of confidential funds in 2022, causing tensions to rise during the budget hearing on the OVP’s proposed budget for 2025.
Coco tree planting budget approved
PRESIDENT Ferdinand Marcos Jr. has approved an additional P1 billion budget for the project of the Philippine Coconut Authority (PCA) to plant 100 million coconut trees all over the country, Malacañang said Tuesday.