DBM submits proposed P4.5-T 2021 nat’l budget to House

MANILA – The Department of Budget and Management (DBM) on Tuesday submitted to the House of Representatives the National Expenditure Program (NEP) for Fiscal Year 2021 amounting to PHP4.506 trillion. The proposed 2021 national budget is 9.9 percent higher than the PHP4.1-trillion appropriations for 2020 and equivalent to 21.8 percent of the gross domestic Product (GDP). …

Duterte approves P4.506T 2021 national budget

DAVAO CITY — President Rodrigo Duterte has approved the proposed P4.506 trillion 2021 National Budget. The approval came during a special meeting with the Development Budget Coordination Committee (DBCC) held on July 30, 2020. In a press statement, the Department of Budget and Management stated that the 2021 budget is higher than this year’s budget …