More efficient budget process eyed in 2024
The government will prioritize projects that are ready to be implemented next year as it targets to be efficient in budget management amid the still limited fiscal resources.
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The government will prioritize projects that are ready to be implemented next year as it targets to be efficient in budget management amid the still limited fiscal resources.
The government released a record high P4.42 trillion in cash allocations last year, largely to finance education and infrastructure projects and the higher share at the local level, the Department of Budget and Management said.
Just two weeks after the new year, the Department of Budget and Management is now asking government agencies to start preparing their proposals for another record high budget of P5.569 trillion for 2024.
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