Tag: budget
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PhilHealth Has Sufficient Funds Despite Zero Subsidy in 2025 Budget – DOH
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Health Secretary Ted Herbosa clarified on Monday that despite the Philippine Health Insurance Corporation (PhilHealth) receiving no subsidy under the proposed 2025 national budget, it has a surplus of P150 billion from its 2024 budget. This surplus, he said, can cover the subsidy for indirect members. Herbosa, who also chairs…
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P9 Billion Pasay City budget for 2025 questioned; call for transparency in health services funding urged
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Pasay City Councilor and Mayoral candidate Wowee Manguerra expressed alarm over the “bloated” budget of the city for 2025, amounting to P9 billion, with a significant portion allocated to the City Health Office and Pasay General Hospital. According to Manguerra, it is puzzling that the Pasay City Government is allocating…
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House to start budget deliberations next week
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THE HOUSE of Representatives will start hearings on the proposed P6.352-trillion national budget for 2025 next week so it can meet its self-imposed September deadline for third reading approval, a lawmaker said on Tuesday. The House seeks to send a copy of the approved budget bill to the Senate by…
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DBM submits P6.352-T national budget to House
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THE DEPARTMENT of Budget and Management (DBM) on Monday submitted to the House of Representatives its proposed P6.352-trillion national budget for 2025, which increases allocations for education by less than 1% and for defense by 6.4%, while more than doubling the budget for transportation.
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NG budget deficit narrows in June
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THE NATIONAL Government’s (NG) budget deficit narrowed by 7.24% year on year in June, as revenue collection grew at a faster clip than spending, the Bureau of the Treasury (BTr) said on Wednesday. Treasury data showed the budget gap shrank to P209.1 billion in June from P225.4 billion a year…
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House eyes budget approval by Sept.
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THE HOUSE of Representatives is looking to approve the proposed P6.352-trillion national budget for 2025 before Congress goes on a break in September, House Speaker and Leyte Rep. Ferdinand Martin G. Romualdez said on Wednesday. “Aside from our commitment in approving the few remaining LEDAC (Legislative-Executive Development Advisory Council) priority…
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DBCC proposes P6.35-trillion budget for 2025
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THE Development Budget Coordination Committee (DBCC) is proposing a P6.352-trillion national budget for 2025, a 10% increase from this year’s P5.768-trillion budget. The National Government’s (NG) spending plan for 2025 is equivalent to 22% of gross domestic product. “We will present it to the full Cabinet on July 2 and…
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NG budget gap widens in May
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THE NATIONAL Government’s (NG) budget deficit widened in May as spending growth outpaced revenues, the Bureau of the Treasury (BTr) said. The NG’s budget gap ballooned by 43.1% to P174.9 billion in May from P122.2 billion in the same month a year ago. Month on month, this was a reversal…
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Budget surplus narrows in April as spending rises
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THE NATIONAL Government’s (NG) budget surplus narrowed in April as expenditures surged by 32%, outpacing the 22% rise in revenues, the Bureau of the Treasury said.
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Infrastructure spending increased by 15% in March, says Budget dep’t
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STATE SPENDING on infrastructure rose by 15% in March as the government ramped up disbursements for public works and defense modernization projects, the Department of Budget and Management (DBM) said.