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GOCCs must remit 25% more dividends to national government

THE Department of Finance (DOF) has increased the mandated dividend remittance rate of government-owned and -controlled corporations (GOCCs) to the national treasury to at least 75 percent of their net earnings from the minimum 50 percent to improve non-tax revenue collections. Finance Secretary Ralph G. Recto told reporters in a…
Bureau Of Customs Department Of Finance Development Authority Philippine Ports Authority Clark Development Corp Gaming Corp Pagcor

Lacson: Nonveto of ₱450-billion unprogrammed fund hike in 2024 budget sets bad precedent'

SEN. Panfilo Lacson said Friday the non-veto of a controversial P450 billion item tucked in additional “Unprogrammed Appropriations” in the 2024 budget could set a “bad precedent,” as he aired concerns over its impact on efforts to keep the budget process transparent and accountable. Lacson said Congress could in the future add…
Koko Pimentel Franklinm Drilon Panfilo Lacson Butch Fernandez Marcos Jr Purpose Fund

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2023 budget to fulfill Marcos agenda for economic transformation

House committee on appropriations chair Elizaldy Co (File photo courtesy of House Press and Public Affairs Bureau) MANILA - House committee on appropriations chairperson Elizaldy Co on Tuesday vowed the timely passage of the PHP5.268-trillion national budget for 2023, as it would ensure the fulfillment of the Marcos administration's agenda for prosperity and economic transformation and address the effects brought about by the pandemic and inflation. During the start of the plenary deliberati...
Marikina City Ferdinand Bongbong Marcos Jr Stella Quimbo Committee On Appropriations Elizaldy Co On Philippine Health Insurance Corporation Philhealth

Recto proposes ₧1-B fund for cancer control and aid

Deputy Speaker and Batangas Rep. Ralph G. Recto on Thursday urged Congress to restore the cancer assistance fund as P1 billion item in the 2023 national budget. “Restoring the cancer fund in the national budget is one doctor’s order we cannot ignore,” Recto said in a news statement. “And if it is…
Batangas City Maria Rosario Vergeire Cancer Assistance Fund Department Of Health Health Emergency Program Health Regulatory Program

Recto banking on DBM's transparency with UA lump sums in proposed P5.268-T budget

Deputy Speaker Ralph Recto expects the Department of Budget and Management (DBM) to have no trouble in providing to lawmakers the details of the Unprogrammed Appropriations (UA) lump sums in the 2023 National Expenditure Program (NEP). Deputy Speaker Ralph Recto (Facebook) "I trust that
Batangas City Health Facilities Enhancement Program National Expenditure Program Department Of Budget Deputy Speaker Ralph Recto Unprogrammed Appropriations
Source: mb.com.ph

DBM must explain unprogrammed funds in P5.268-T nat'l budget, says Ungab

A former House Appropriations Committee chairman says the Department of Budget and Management (DBM) has a lot of explaining to do when it comes to the glut of Unprogrammed Appropriations (UAs) amounting to P588.1 billion under the proposed P5.268-trillion national budget for 2023. Davao
Davao City Ferdinand Bongbong Marcos Jr Isidro Facebook Isidro Ungab House Appropriations Committee National Expenditure Program
Source: mb.com.ph

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