The Department of Budget and Management (DBM) has confirmed that several government agencies, led by the Department of Information and Communications Technology (DICT), will face budget cuts in the coming year due to their low spending efficiency.
The Department of Budget and Management confirms budget cuts for several government agencies in the next year due to low spending efficiency.
The DBM officially submits the proposed budget for 2024, amounting to P5.768 trillion, to the House of Representatives.Congress has sufficient time to review the budget proposal and pass the General Appropriations Act before the year ends. The reason cited by Pangandaman was DICT’s low budget utilization rate from January to June this year.
Other agencies with reduced proposed budgets are the Department of Labor and Employment, Department of Agrarian Reform, Department of Tourism, Department of Health, and Department of Public Works and Highways. A re-enacted budget refers to a situation where the government operates using the previous year's budget for a certain period of time, typically because the new budget has not been passed or approved by the legislature.The DBM officially presented the proposed budget for 2024 to the House of Representatives last Wednesday amounting to P5.768 trillion, a 9.5 percent increase from the current year's appropriations.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Groups, LTFRB ask DBM: Release P3b fuel subsidyTransport leaders on Sunday called on the government to release the P6,000 fuel subsidy to all public utility vehicle drives and operators as promised to mitigate the impact of the rising fuel costs as the Land Transportation Franchising and Regulatory---
Read more »
DBM, Landbank team up to push gov’t digital transformation programThe Department of Budget and Management has teamed up with Land Bank of the Philippines in implementing the use of a digital charge or debit card for faster, cost-efficient government transactions. | RonWDomingoINQ /PDI
Read more »
DOH: Adults with comorbidities may now receive COVID-19 bivalent vaccineCOVID-19 bivalent vaccines may now be given as boosters to adults with underlying illnesses, according to the Department of Health.
Read more »
Alleged scammer nabbed for posing as DOTr liaisonA suspect was arrested for large-scale cybercrime estafa for allegedly posing as a government liaison coordinator for the Department of Transportation.
Read more »
Prosecutors seeks protective order after Trump post appears to vow revengeThe Justice Department has asked a federal judge overseeing the criminal case against former President Donald Trump in Washington to step in after he released a post online that appeared to promise revenge on anyone who goes after him. | AP
Read more »
On diesel price hike possibly reaching P4.10/liter, DOE exec says it's possibleThe price hike on diesel may possibly reach more than P4.00 per liter this week, an official of the Department of Energy (DOE) said on Sunday.
Read more »