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BORROWINGS under the Marcos administration are expected to peak by 2025 or 2026 as the government raises its revenue through new tax measures in the coming years, according to the Department of Budget and Management (DBM). "The [borrowing] will peak by 2025 to 2026 depending on the collection and expenditure,"…
The "budget cut" for the University of the Philippines (UP) in the 2024 National Expenditure Program (NEP) will not affect the number of enrollees it can accommodate, according to the Department of Budget and Management (DBM). DBM Secretary Amenah F. Pangandaman made the assurance amid the "seeming" P2.93 billion reduction…
JUSTIFIED expenses that can help the government draw more investments in the country and beef up national cybersecurity. This was how the Department of Budget and Management (DBM) defended the higher budget allocated for President Ferdinand R. Marcos, Jr.’s local and overseas trips, as well as intelligence funds for all government…
THE Marcos administration plans to spend over P160 billion for the military and uniform personnel (MUP) pension, gratuity and terminal leave benefits next year, which is nearly P5.7 billion higher than what it allocated this year. Based on the 2024 National Expenditure Program (NEP), the executive branch is proposing a…
THE Department of Budget and Management (DBM) on Thursday attributed the decrease in the proposed 2024 budget for the University of the Philippines to 'congressional initiatives for various capital outlay for infrastructure projects.'