DBM: 86.5% of 2017 budget released as of end-July
The government released 86.5 percent of the 2017 national budget during the first seven months, a slower than a year ago, the latest Department of Budget and Management data showed.
From January to July, P2.897 trillion of the P3.35-trillion budget was released, including continuing appropriations under the 2016 national budget and other automatic appropriations.
To compare, 89.1 percent or P2.675 trillion of the nonetheless smaller P3.002-trillion 2016 budget was released as of end-July last year.
For funds under the 2017 general appropriations act, allotment releases reached P1.964 trillion during the seven-month period or 80.7 percent of the P2.432-trillion program.
Comprehensive releases to government departments as of July amounted P1.743 trillion or 88.5 percent of the programmed P1.969 trillion.
As for special purpose funds, P220.8 billion or 47.7 percent of the P463.2 billion allotted for 2017 has been released.
Automatic appropriations—programmed over a period prescribed by law through outstanding legislation requiring periodic action by Congress—worth P886.3 billion or 96.5 percent of the P918-billion program for this year were released during the first seven months.
These automatic appropriations included retirement and life insurance premium, internal revenue allotment for local government units, pensions of former presidents as well as their widows, special account in the general fund (including motor vehicle users charge fund), net lending, interest payments, as well as releases under the tax expenditures fund for customs duties and taxes to be paid for government importation.
Also released as of the end of July were P47.2 billion from continuing appropriations for departments and special purpose funds, unprogrammed appropriations, as well as other automatic appropriations for grants and donations, military camps sales proceeds fund, and revalidation of the Armed Forces of the Philippines modernization program.
A balance of P452.9 billion must still be released before yearend.
The budgets released will be allocated by agencies for specific projects. Upon award of the projects, the allotted amounts will be disbursed for payments to contractors and suppliers. —BEN O. DE VERA
