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April 29, 2024
MANDATORY dividend remittances from state-owned firms have been raised amid efforts to increase government revenues, the Department of Finance (DoF) said on Monday.
April 29, 2024
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…
January 25, 2024
Ano ba ang unprogrammed funds? Para saan ito at ano ang kahulugan nito para sa mga Filipino?
January 17, 2024
The Department of Budget and Management (DBM) on Wednesday defended the constitutionality of the P449.5 billion unprogrammed appropriations in the 2024 General Appropriations Act (GAA) after opposition lawmakers brought the issue to the Supreme Court.
December 24, 2023
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…
December 17, 2022
With a national budget of P5.268 trillion in 2023, Filipinos are definitely interested to know how the government plans to use this much funds.
September 20, 2022
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...
September 8, 2022
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…
September 2, 2022
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
August 30, 2022
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