Underspending takes spotlight at budget meet as economic growth disappoints

Lawmakers look into government agencies' underspending, as the Philippine economy experiences an unexpected slowdown.

MANILA, Philippines – Lawmakers scrutinizing the 2024 national budget zoomed in on the decrease in public spending amid slowing economic growth.2024 national budget

Agencies with the lowest obligation rates are the Department of Information and Communications Technology , the newly formed Department of Migrant Workers , and the Department of Energy . “We requested all the agencies to submit their catch-up plans no later than September 15, 2023,” Pangandaman said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

rapplerdotcom /  🏆 4. in PH

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.

Budget chief Pangandaman calls for catch-up plans to address underspendingBudget Secretary Amenah Pangandaman has ordered agencies to submit their respective catch-up spending plans amid the underspending seen in the first half of the year.
Read more »

'We will not leave Ayungin Shoal'(UPDATE) THE Philippine government will never abandon BRP Sierra Madre because it is a symbol of its sovereignty in that area of the West Philippine Sea, the Philippine Coast Guard (PCG) said. READ:
Read more »

WATCH: Videos show China blocking, using water cannons against Philippine vesselThe August 5 incident is the latest in China's many acts of harassment against the Philippines in the West Philippine Sea.
Read more »

Review: 2024 Hyundai Ioniq 6 | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »

China didn't pick up phone during water cannon incident in West Philippine Sea – DFAEven after several months of statements and interviews hyping communication mechanisms to avoid “mishaps” in the West Philippine Sea, when it mattered the most on August 5, Beijing wasn’t there to answer the call.
Read more »

Senators air frustration over China’s aggression in West Philippine SeaMANILA, Philippines — Senators Raffy Tulfo and Jinggoy Estrada on Monday lamented China’s continued aggression in the West Philippine Sea, leading them to ask Philippine government
Read more »