MANILA, Philippines – The National Government incurred a budget deficit of P197.754 billion in 2011, below last year’s ceiling of P300 billion and narrower than the P314.4 billion reported in 2010, National Treasurer Roberto Tan said in a press briefing yesterday. Read the rest of this entry »
Gov’t trims 2011 deficit to P197.75 B
March 6, 2012
Agencies bloat budgets—Abad
February 14, 2012
SOME government agencies have bloated their budget for maintenance and other operating expenses in order to realize higher savings and grant more incentives to their employees. Read the rest of this entry »
Aquino allots P568B for poverty reduction
January 2, 2012
TO reduce poverty incidence to 16.6 percent and to meet key Millennium Development Goals (MDGs) by 2015, President Benigno Aquino 3rd provided the biggest funding support to poverty reduction and other social services under the 2012 national budget. Read the rest of this entry »
Govt plans to spend 2011 funds next year
November 21, 2011
THE government is looking at adding the bulk of this year’s unspent budget to next year’s budget to make up for its weak spending in 2011, Budget Secretary Florencio Abad said Friday. Read the rest of this entry »
Govt to carry over unused funds to 2012
November 21, 2011
THE Aquino administration is eyeing to re-align the bulk of its unused budget this year to 2012 to make up for weak spending. Read the rest of this entry »
Mar defends government underspending
November 7, 2011
MANILA, Philippines – Transportation and Communications Secretary Manuel “Mar” Roxas II defended the Aquino administration’s under-spending, saying the reduction in capital spending posted by the government was generated by savings brought by “good governance.” Read the rest of this entry »
Social service offices get allocation boost
August 5, 2011
The Department of Budget and Management (DBM) has increased allocations for three agencies for next year in a bid to boost social services, an official statement said on Friday. Read the rest of this entry »
Palace submits ‘results-oriented, transparent’ budget
July 27, 2011
It is now up to Congress to make the next move on the national budget.
This, after Malacanang broke tradition by submitting the proposed P1.816-trillion budget to Congress a month early to give lawmakers enough time to scrutinize the measure.
The Palace hopes the President can sign the measure into law before Christmas. Read the rest of this entry »
2012 IRA drops 4.8 percent
July 13, 2011
MANILA, Philippines – There will be a sharp decline in the internal revenue allotment (IRA) for local government units (LGUs) in the proposed national budget for 2012 because of the steep decline in revenue collections in 2009, Budget Secretary Florencio Abad said yesterday. Read the rest of this entry »
2012 budget to give priority to social services, infra projects, says Abad
June 22, 2011
MANILA, Philippines – Spending on social services and infrastructure will be the priority in the government’s 2012 budget, Budget and Management Secretary Florencio Abad said yesterday as he expressed optimism President Aquino would approve next year’s financing plan. Read the rest of this entry »
