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The Union Budget, prepared annually by the Department of Economic Affairs in the Ministry of Finance, serves as a financial plan for the country, outlining estimated earnings and expenditures for the upcoming fiscal year. The budget 2024 process began six months before the budget is scheduled to be presented, with Budget Circulars sent to relevant ministries and departments.
The Department of Budget and Management (DBM) said government workers will receive higher pay beginning this month, the last tranche of the mandated salary hikes for state employees. In a statement, Budget Secretary Amenah F. Pangandaman said the fourth tranche of the pay increase mandated by
Engendering the Recovery: Budgeting with Women in Mind Format International Women’s Day, March 8, marks a year from the start of widespread lockdowns in response to COVID-19. As an IMF blog warned back in July, women have borne the economic and social brunt of the pandemic. With many governments preparing budgets for the next fiscal year, we now have a golden opportunity to counter this inequity. We offer a starter kit for gender budgeting to help countries focus resources on women, and ensure future budgets are better for them than previous ones. Government actions work Examples abound of ...