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Budget deficit widens to P321.5-B in first quarter as spending rises, revenues fall

ABS-CBN News
Posted at Apr 27 02:30 PM

The Philippines’ budget deficit widened to P321.5 billion from January to March this year, after booking a P191.4 billion shortfall last month, the Bureau of Treasury said on Tuesday.  Read more »

'Anti-epal' provision in 2021 national budget gets adopted

ABS-CBN News
Posted at Jan 06 02:47 AM

MANILA - Public officials may find it harder now to claim credit after a provision prohibiting attachment of their names, pictures, logos, signatures or other kinds of appearance on projects funded by the 2021 national budget, was officially adopted. Read more »

Pagpapalawig sa effectivity ng 2020 budget, Bayanihan 2, pirmado na ni Duterte

Joyce Balancio, ABS-CBN News
Posted at Jan 05 09:12 PM

Extended na hanggang ngayong taon ang effectivity ng 2020 national budget at ang Bayanihan to Recover as One Act o Bayanihan 2.  Read more »

DOF says state-run firms remit P160 billion in dividends to Treasury

ABS-CBN News
Posted at Dec 30 07:24 PM

State-run firms remitted P160.6 billion in dividends to the Bureau of the Treasury (BTr) this year to add to the country's war chest against COVID-19, the Department of Finance (DOF) said Wednesday. Read more »

Pag-uulat tungkol sa intel funds ng 2021 budget inayawan ni Duterte

ABS-CBN News
Updated as of Dec 30 12:25 AM

Ang mga aktibidad patungkol sa intelligence gathering ay dapat umanong direktang inire-report lamang sa Pangulo.  Read more »

Duterte bars gov't agencies from directly using income

ABS-CBN News
Posted at Dec 29 04:27 PM

President Rodrigo Duterte vetoed provisions in the 2021 national budget that would have allowed government agencies to directly use their income, Malacañang said on Tuesday.    Read more »

Duterte refuses to report to Congress spending of intel funds

Joyce Balancio and Jamaine Punzalan, ABS-CBN News
Updated as of Dec 29 04:40 PM

President Rodrigo Duterte has refused to tell Congress how intelligence funds in the 2021 national budget would be spent, according to a copy of his veto message that ABS-CBN News obtained on Tuesday.  Read more »

Duterte signs P4.5-trillion 2021 national budget

Jamaine Punzalan, ABS-CBN News
Updated as of Dec 28 07:17 PM

President Rodrigo Duterte on Monday signed the country’s P4.506-trillion spending plan for 2021 which seeks to revive the economy ravaged by the COVID-19 pandemic and improve the country’s response to the crisis. Read more »

Duterte to veto portions of P4.5-T 2021 national budget: spokesperson

ABS-CBN News
Posted at Dec 25 04:22 PM

President Rodrigo Duterte will "surely" veto several portions of the P4.5-trillion 2021 national budget, his spokesman said Friday, a week before the chief executive signs the spending bill into law. Read more »

Jan-Nov budget deficit exceeds P1T on weak revenue collection, spending uptick

ABS-CBN News
Posted at Dec 23 12:21 PM

MANILA - The Philippine budget gap from January to November breached the P1-trillion mark as tax and non-tax revenue collections remained weak amid slight improvement in government spending, the Bureau of the Treasury (BTr) said Wednesday.   Read more »

Malacañang receives 2021 national budget for Duterte signing

RG Cruz, ABS-CBN News
Updated as of Dec 18 07:43 PM

Congress has transmitted the P4.5-trillion national budget for 2021 to Malacañang for President Rodrigo Duterte’s signature, according to a lawmaker. Read more »

House approves bills extending validity of 2020 budget, Bayanihan 2

RG Cruz, ABS-CBN News
Updated as of Dec 16 06:32 PM

In successive motions during plenary session, House lawmakers concurred with the Senate’s amendments to House Bill 6656 extending the validity of this year's budget until December 31, 2021. They likewise approved the Senate’s amendments to House Bill 8063 that would allow the utilization of Bayanihan 2 funds until June 30, 2021.   Read more »

Senate extends validity of 2020 budget, Bayanihan 2

Katrina Domingo, ABS-CBN News
Updated as of Dec 15 09:54 PM

The Senate on Tuesday approved on final reading measures that would extend the validity of the 2020 national budget and the Bayanihan to Recover as One Act (Bayanihan 2) until next year.   Read more »

Lower House extends life of Bayanihan 2 funds

RG Cruz, ABS-CBN News
Posted at Dec 14 11:22 PM

MANILA - The House of Representatives gave the Duterte administration at least 6 more months to spend funds for pandemic response under Bayanihan to Recover as One Act or Bayanihan 2 Read more »

Duterte seeks speedy extension of validity of 2020 budget, Bayanihan 2

Jamaine Punzalan, ABS-CBN News
Updated as of Dec 15 06:00 PM

President Rodrigo Duterte is asking lawmakers to fast-track the extension of the validity of two spending laws to ensure that delayed COVID-19 response projects would still be rolled out.  Read more »

‘Walang sense of urgency’: Robredo camp hits gov’t vaccine budget

ABS-CBN News
Posted at Dec 14 12:36 AM

The government did not prioritize COVID-19 vaccination in the national budget for the coming year, the camp of Vice President Leni Robredo said on Sunday, following a statement from a lawmaker that only P2.5 billion had been guaranteed for vaccines in the 2021 General Appropriations Act.  Read more »

Congress allots P620 million to cancer control program in 2021 budget

ABS-CBN News
Posted at Dec 13 09:37 AM

Congress allotted P620 million in the proposed 2021 national budget for government’s cancer control program, House Speaker Lord Allan Velasco said Sunday. Read more »

Duterte will fast-track 2021 budget approval, won't ditch veto power: spokesman

ABS-CBN News
Posted at Dec 10 03:09 PM

President Rodrigo Duterte will exercise his veto power if needed, even if he fast tracks the approval of the 2021 national budget that includes funds for COVID-19 programs, Malacañang said Thursday. Read more »

PH budget for 2021 nears signature after House ratifies bicameral report

ABS-CBN News
Posted at Dec 10 02:45 AM

Education and infrastructure still edge out health funding in the spending plan. Read more »

House, Senate ratify P4.5-T 2021 budget; Lacson dissents over prioritization of DPWH projects

Katrina Domingo and RG Cruz, ABS-CBN News
Updated as of Dec 09 10:00 PM

(UPDATE) The Senate and House of Representatives on Wednesday ratified the P4.5-trillion 2021 national budget, with the former saying the new spending bill would enable government to enact "ramped up COVID-19 response" programs and allow "fresh investments for our health facilities." Read more »