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MANDATORY dividend remittances from state-owned firms have been raised amid efforts to increase government revenues, the Department of Finance (DoF) said on Monday.
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…
Ano ba ang unprogrammed funds? Para saan ito at ano ang kahulugan nito para sa mga Filipino?
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.
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…