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By: Ronnel W. Domingo
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 »
By: Ronnel W. Domingo
Malacañang is marshalling the bulk of the P182.2-billion budget earmarked this year for infrastructure projects to help the tourism sector lure 4.6 million foreign visitors.
Posted: February 6th, 2012 in Headlines | Read More »
By: Ronnel W. Domingo
The Department of Budget and Management will phase out documentary requirements for the release of funds to help speed up spending and implementation of programs and projects.
Posted: January 30th, 2012 in Headlines | Read More »
By: Ronnel W. Domingo
Malacañang is tapping inputs from 300 to 400 of the poorest towns across the country to prepare a national budget for the people, and build on reforms realized in drawing up this year’s spending plan.
Posted: January 23rd, 2012 in Headlines | Read More »
By: Ronnel W. Domingo
Some 198,000 indigent elderly will each receive a monthly pension of P500 this year after the government earmarked P1.2 billion for this segment of the population.
Posted: January 23rd, 2012 in Latest Business Stories | Read More »
By: Christine O. Avendaño
Expect major traffic jams not only in Metro Manila but throughout the country starting next month when the government goes full blast in implementing its infrastructure program, the budget department said Thursday.
Posted: December 15th, 2011 in Latest Business Stories | Read More »
By: Amy R. Remo
The Department of Energy (DoE) is looking to increase the budget for household electrification projects next year to as much as P5 billion, as the government wants to provide access to electricity to at least 90 percent of the country’s households by 2015.
Posted: November 28th, 2011 in Headlines | Read More »
By: Ronnel W. Domingo
Malacañang has earmarked P25 million for the refurbishing of historical facilities in Corregidor due to the rising number of tourists arriving in the island, according to Budget Secretary Florencio B. Abad. “The Aquino administration recognizes the importance of preserving historical sites like Corregidor,” Abad said. “Apart from preserving our cultural heritage, this also supports our [...]
Posted: November 4th, 2011 in Headlines | Read More »
By: Ernesto M. Ordoñez
Is the government supporting or killing agrarian reform? Based on the current 2012 government budget deliberations, the latter is more likely. Omi Royondoyan, co-convenor of the “Save Agrarian Reform Alliance,” recently gave us an excerpt on “Declaration of Unity”: “We know from experience that the achievement of agrarian reform goals relies heavily on the annual [...]
Posted: October 14th, 2011 in Headlines | Read More »
By: Paolo G. Montecillo
Transportation and Communications Secretary Manuel “Mar” Roxas II on Thursday lashed out at critics of the Aquino administration, saying that much of what was taken to be underspending was nothing more than prudent fiscal management at work.
Posted: October 13th, 2011 in Latest Business Stories | Read More »
By: Ronnel W. Domingo
The government recently released funds to boost rice production particularly in calamity-stricken areas. Data from the Department of Budget and Management showed that more than a quarter of funds released for on-farm and postharvest programs went to Cagayan Valley and Central Luzon. The DBM in late September disbursed P534.3 million for the program, of which [...]
Posted: October 10th, 2011 in Headlines | Read More »
By: Ronnel W. Domingo
Malacañang has released P814.4 million to provide electricity to 1,410 barrios throughout the archipelago. Budget Secretary Florencio B. Abad said in a statement that the fund disbursed to the National Electrification Administration (NEA) would address the urgent need for power in 33,370 sitios that are without power. The top three regions where bulk of the [...]
Posted: October 3rd, 2011 in Headlines | Read More »