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Gov’t infra spending up 34% in first 9 months

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Public infrastructure spending increased in the first three quarters of the year as the government pushed ahead with its agenda of keeping the Philippines among the fastest-growing economies in Asia.

Posted: November 28th, 2013 in Headlines | Read More »

Defense, budget departments get approval for use of credit cards

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The use of credit cards to replace so-called “petty cash” for small purchases at the Department of National Defense has been approved by regulators, in line with the administration’s push to improve transparency in government.

Posted: September 7th, 2013 in Latest Business Stories | Read More »

COA questions SEC execs’ million-peso pay hikes in ’12

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The Commission on Audit (COA) has questioned the Securities and Exchange Commission (SEC) for granting salary increases ranging from 57 percent to 250 percent—totaling P108.86 million—to its 303 officials and employees in 2012.

Posted: August 25th, 2013 in Latest Business Stories | Read More »

73% of PH budget now in hands of state agencies

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State agencies collectively received 73 percent of the P2-trillion 2013 national budget as of April, as the government ramped up public spending to maintain the economy’s robust growth.

Posted: June 9th, 2013 in Headlines | Read More »

Infrastructure spending jumps 45% in 4 months

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Public infrastructure spending surged in the first four months of the year in what seemed to be the government’s response to criticisms that anemic budget for capital outlays has dragged the Philippines’ ability to corner foreign direct investments (FDIs).

Posted: June 6th, 2013 in Headlines | Read More »

Road maps and growth

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Are road maps necessary to achieve growth? The Department of Budget and Management (DBM) appears to think so. The DBM has initially turned down the Department of Agriculture’s (DA) budget proposal of a 48-percent increase from P65 billion in 2013 to P96 billion in 2014. Instead, the DBM has recommended a 26-percent decrease to P48 billion… unless the DA submits road maps. But are road maps really necessary for agriculture growth?

Posted: May 24th, 2013 in Columnists,Inquirer Columns | Read More »

DBM earmarks P8.1B more for infra projects

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The Department of Budget and Management has made available P8.1 billion for flood control and irrigation projects, including P5 billion for a package of projects in Metro Manila and nearby provinces.

Posted: January 10th, 2013 in Headlines | Read More »

DBM forces agencies to speed up spending

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The Department of Budget and Management will “increase pressure” on executive departments and agencies to speed up the use of public funds which, in turn, can drive up domestic growth.

Posted: May 31st, 2012 in Editor's Pick,Headlines | Read More »

State firms receive P4.1B in subsidies

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The government released P4.1 billion in subsidies to state-owned and -controlled corporations in March, the bulk of which went to entities engaged in health, housing, livelihood and farming.

Posted: April 27th, 2012 in Headlines | Read More »

Gov’t releases P1.1T of 2012 budget

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The government has set aside P30 billion from this year’s national budget as contingency fund for the Public-Private Partnership program. “This [P30 billion] will cover commitments made and obligations of the national government in the concession agreements for PPP projects,” Budget Secretary Florencio Abad (in photo) was quoted as saying in a report on the 2014 national budget published by Global Source. INQUIRER FILE PHOTO

The Department of Budget and Management has released 61 percent, or P1.1 trillion, of the P1.8-trillion national budget for 2012 as of end-February, according to Budget Secretary Florencio B. Abad.

Posted: March 26th, 2012 in Editor's Pick,Headlines | Read More »

DBM caps gov’t workers’ perks

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Perks that government employees may receive from collective negotiation agreements (CAN) have been limited to P25,000 pending a better scheme for performance-based incentives “that reward measurable output,” according to the Department of Budget and Management.

Posted: February 14th, 2012 in Headlines | Read More »

DBM draws up rules for CSOs

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The Department of Budget and Management (DBM) has drawn up criteria that would qualify civil society organizations (CSOs) to consult with government agencies on preparing the national budget.

Posted: February 9th, 2012 in Headlines | Read More »

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