DAVAO CITY, Philippines – The Department of Budget and Management (DBM) has authorized the release of PHP 14.046 billion to cover the regular pension obligations of military retirees from July to September 2024. Budget Secretary Pangandaman granted the Department of National Defense – Armed Forces of the Philippines’ request for funds on June 14, according to a DBM news … [Read more...] about DBM approves P14-B release for military retirees’ pension
Department of Budget and Management
DBM approves P14-B release for military retirees’ pension
DAVAO CITY, Philippines – The Department of Budget and Management (DBM) has authorized the release of PHP 14.046 billion to cover the regular pension obligations of military retirees from July to September 2024. Budget Secretary Pangandaman granted the Department of National Defense – Armed Forces of the Philippines’ request for funds on June 14, according to a DBM news … [Read more...] about DBM approves P14-B release for military retirees’ pension
DBM says gov’t can use P15-B disaster relief fund to combat El Niño
MANILA – The Department of Budget and Management (DBM) on Friday said the government could tap the remaining PHP15.507 billion under the National Disaster Risk Reduction and Management Fund (NDRRMF) for 2024 to mitigate the effects of the El Niño phenomenon. In a statement, DBM Secretary Amenah Pangandaman said the PHP15.5-billion balance in the NDRRMF is part of the … [Read more...] about DBM says gov’t can use P15-B disaster relief fund to combat El Niño
National government to use re-enacted budget
MANILA (December 14) — The national government may have to use a re-enacted budget beginning next month. "The senators appear exhausted, They requested a break," Budget Secretary Benjamin Diokno said. Lawmakers has already adjourned their session for their month-long Christmas vacation without approving the proposed P3.757-trillion national budget for next year. Under … [Read more...] about National government to use re-enacted budget
Gov’t employees to receive additional cash incentive through CNA
DAVAO CITY (November 21)- Government employees may receive another cash incentive not exceeding PhP 25,000, through the Collective Negotiation Agreement or CNA. The annual CNA Incentive is a one-time benefit, and shall be granted not earlier than December 15, 2018. In a Budget Circular No. 2018-5 issued by the Department of Budget and Management (DBM), the CNA incentive … [Read more...] about Gov’t employees to receive additional cash incentive through CNA
