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Gov’t allots P30B as PPP backup kitty

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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 government has set aside P30 billion from this year’s national budget as contingency fund for the Public-Private Partnership (PPP) program.

Posted: January 3rd, 2014 in Editor's Pick,Headlines,Photos & Videos | Read More »

Public infra investments to focus on farm sector

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A rice field in Bicol; photo taken on Sept. 7, 2013. Agriculture Secretary Proceso J. Alcala on Wednesday, Oct. 9, 2013, predicted a surplus of 2.24 million metric tons of rice by yearend, which can meet the entire country’s needs for over two months.  PHOTO BY RICK ALBERTO

The agriculture sector, which accounts for a significant portion of the country’s poor and underemployed, will be a key focus of public investments in infrastructure, technology and other competitiveness measures under the country’s revised development plan through 2016.

Posted: November 8th, 2013 in Latest Business Stories | Read More »

DA seeks more funds for rice farms

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The Department of Agriculture is seeking an additional P200 million from the budget department to top up this year’s quick response fund (QRF), which is meant to address damage to rice farms caused by bad weather.

Posted: August 22nd, 2013 in Headlines | Read More »

Too much too soon

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The Aquino (Part II) administration wants to increase the 2014 budget for its program called CCT (conditional cash transfer), although its hardly used official name is “Pantawid Pamilyang Pilipino” program, to P63 billion.

Posted: August 8th, 2013 in Columnists,Inquirer Columns | Read More »

28M to receive gov’t dole

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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

State subsidy to the poor via the conditional cash transfer (CCT) program will further go up so that practically all of them are covered in two years’ time, Budget Secretary Florencio Abad said on Monday.

Posted: June 25th, 2013 in Headlines | Read More »

DPWH gets P10B for gov’t classroom building projects

The Department of Budget has released P10 billion to the public works and highways department to support the government’s goal of filling in the classroom shortage this year.

Posted: March 7th, 2013 in Headlines | 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 »

Nuclear plant gets funds

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bataan nuclear

State-run National Power Corp. has secured lawmakers’ nod to allocate P50 million this year for the upkeep of the mothballed 630-megawatt Bataan Nuclear Power Plant (BNPP).

Posted: January 6th, 2013 in Latest Business Stories | Read More »

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 »

Gov’t disburses P2.68B for vital K-12 infra work

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The government recently released P2.68 billion to fund the repair and construction of school buildings, as well as water and sanitation facilities in public schools, Budget Secretary Florencio B. Abad said Monday.

Posted: October 23rd, 2012 in Headlines | Read More »

DoTC gets P4.6B to build, refurbish airports

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The construction and refurbishment of key airports across the country has been provided P4.6 billion in fresh funds amid Malacañang’s efforts to advance the public-private partnership program.

Posted: September 14th, 2012 in Editor's Pick,Headlines | Read More »

Agriculture progress, PPP and the mayors

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AGRI-TABLE

After growing by 2.6 percent last year, the agriculture sector grew by 1 percent and 0.7 percent, respectively, in the first and second quarters of this year.

Posted: September 7th, 2012 in Columnists,Inquirer Columns | Read More »

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