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1,159 jeepneys allowed to ply Metro Manila routes

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More than a thousand jeepney units were allowed to ply their routes on September 14, the same day that the government will start easing the one-meter distancing in public transport. In its advisory on Saturday, the Land Transport Franchising and Reg...

Pasay launches contact tracing app 

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Pasay City is launching a contact tracing app for its employees accessible through Quick Response (QR) Code. “This is another step that we are undertaking as part of our overall COVID-19 response, particularly in the aspect of contact tracing....

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TikTok rejects Microsoft's buyout offer 

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US tech giant Microsoft said Sunday its offer to buy TikTok was rejected, as a deadline looms for the Chinese-owned video app to sell or shut down its US operations. TikTok has been at the center of a diplomatic storm between Washington and Beijing,...

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DBM releases P3.92 trillion of 2020 budget

account_balanceMetro News account_circleMarc Lacson chat_bubble_outline0 Comments

The Department of Budget and Management (DBM) has released P3.92-trillion, or 95.7 percent of the P4.10-trillion program of appropriations for the first eight (8) months of 2020. This is substantially higher when compared to the 91.4 percent of allotments released for the same period in 2019.

As of end-August 2020, 90.6 percent or P2.13-trillion from the total P2.35-trillion programmed appropriations for line agencies was released to fund various programs/activities/projects (PAPs). This leaves a balance of P221.38-billion for later release.

Out of the programmed P491.42-billion appropriations for Special Purpose Funds (SPFs), the DBM has released 60.5 percent amounting to P297.40-billion. SPFs are budgetary allocations in the GAA allocated for specific socio-economic purposes such as Budgetary Support to Government Corporations, Allocation to Local Government Units, Contingent Fund, Miscellaneous Personnel Benefits Fund, National Disaster Risk Reduction and Management Fund, and Pension and Gratuity Fund.

Allotment releases for automatic appropriations surpassed the FY 2020 Program reaching P1.27-trillion. Further, the DBM has released P77.22-billion from the continuing appropriations of the FY 2021 GAA for line departments and releases from SPFs.

P154.13-billion has likewise been released from Unprogrammed Appropriations, which are standby appropriations authorizing additional agency expenditures for priority programs and projects when revenue collections exceed the resource targets or when additional grants or foreign funds are generated.

The DBM has yet to release P176.30-billion from the FY 2020 Program for the remainder of the year. This will continue to support the operations of the National Government including for the roll out of projects and programs that will address the COVID-19 pandemic.

The DBM likewise assures that it will release the necessary budgetary requirements to implement the proposed Bayanihan to Recover as One Act once it is signed into law.

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Cheapest Ways to Send Money Internationally

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This article is originally posted on Sigue. Whether you’re sending money overseas regularly, or just paying a few expenses while traveling, it’s important to find the cheapest way to send money internationally. Exchange and transfer fees...

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Ortigas & Co. to prioritize hiring of San Juan residents

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San Juan City residents will be prioritized in the hiring process for job vacancies of a private firm’s new project at the Greenhills Shopping Center, according to Mayor Francis Zamora. In his official Facebook page, Zamora announced that the ...

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113 Muntinlupa seniors receive anti-flu vaccines

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At least 113 senior citizens from Villa Carolina 1, Barangay Tunasan received anti-flu and anti-pneumonia vaccine shots on September 15 to boost their immune system amid the pandemic. The City Health Office, thru Office of Senior Citizens Affairs, f...

The struggles in 2020 of the casino industry in the Philippines

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Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!

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