The bicameral conference committee report on the proposed PHP5.024-trillion national budget for 2022 was ratified…
As of January, DBM had released more than half of the P5.27-T national budget.
As of January, more than half of the government’s annual PHP5.27 trillion national budget had been made available by the Department of Budget and Management (DBM).
Out of the PHP5.27 trillion national budget for this year, according to a news release from the DBM, 56.4 percent, or PHP2.97 trillion, has already been distributed.
Amenah Pangandaman, the secretary of the DBM, acknowledged that the timely issuance of the budget is “critical” to carrying out government initiatives.
“Makaasa po ang taumbayan na ipagpapatuloy ng DBM at ang mabilis na pag-release ng budget para sa iba’t-ibang programa at proyekto ng gobyerno” (The people can count on the DBM to continue the speedy release of the budget for various government programs and projects). In order to maintain our progress toward realizing the Marcos Jr. Administration’s 8-Point Socioeconomic Plan, she stated, we will do this in a timely, transparent, and responsible manner.
Pangandaman, therefore, urged organizations to begin their procurement processes early to guarantee the success of their individual projects and programs.
President Ferdinand R. Marcos Jr. signed the 2023 national budget into law on December 16, with the goal of achieving post-pandemic economic recovery.
According to him, the national budget for 2023 would give the government a weapon to reform the economy and implement the necessary structural adjustments in order to achieve the administration’s objectives.
The first spending measure of the Marcos administration is PHP244.4 billion, or 4.9 percent, greater than the PHP5.023 trillion budget for 2022.
It places a priority on social safety nets, health, agriculture, and infrastructure development.
The DBM was already distributed to spending agencies at the beginning of the year, through the GAA as the Allocation Order, a total allotment of PHP2.57 trillion, or 81.3 percent of the PHP3.16 trillion specific budgets of the departments, under the 2023 General Appropriations Act (GAA).
The programs and projects covered by the released allotments are ready for implementation.
The departments’ budgets still have PHP590.48 billion left over, which will be used for additional programs and projects after the agencies submit Special Budget Requests backed by revised agency performance targets.
Pangandaman warned expenditure agencies, including government-owned and controlled enterprises, to make sure that only programs and projects that are ready for implementation should be included in the national budget for 2024 during the Budget Forum last month.
So that the budget could be administered successfully and efficiently, she stated that the budget proposals should include “clear program ideas and designs.”***
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