DBM: 78.4% of 2020 budget funds released in Q1
The Department of Budget and Management (DBM) during the first quarter released 78.4 percent or P3.22 trillion of the P4.1-trillion budget funds available for this year. For funds under the…
COVID-19 funds: PH eyes $5.7B in foreign loans, supplemental budget
More than P288 billion in loans from multilateral lenders in the pipeline on top of a supplemental 2020 budget to be requested from Congress will boost the Philippines’ war chest…
P30B in COVID-19 grant to reach cities, towns on April 8, says budget chief
Cities and municipalities will get their share of the P30.824-billion grant from the national government for COVID-19 response on Wednesday (April 8), Budget Secretary Wendel E. Avisado said. The guidelines…
Delay in 2019 budget blessing in disguise as more funds seen for COVID-19 fight
Who would have thought that the delayed approval of the P3.7-trillion 2019 national budget—which economic managers had blamed for last year’s eight-year low economic growth—will become another financial lifeline during…
Budget deficit narrowed to P37.6 billion in February
The national government’s budget deficit narrowed to P37.6 billion in February as spending contracted year-on-year due to the seasonality of disbursement of local governments’ internal revenue allotment (IRA). February’s deficit…