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Gov’t expenses for personal services up by 10.4%

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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

MANILA, Philippines—Government expenses for personal services—including salaries and benefits for those employed by national agencies—increased by 10.4 percent to P496.1 billion in the 11 months to November 2012.   The increase was “largely due to the implementation of the last tranche of the Salary Standardization Law III, the filling up of vacant positions in the [...]

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

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