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The Philippine government has declared a state of national energy emergency and identified P230 billion in funds to mitigate the Middle East crisis impact. President Ferdinand Marcos Jr. has now received and is set to sign a bill suspending fuel excise taxes, though senators have criticized the government's slow action.
Transport groups in the Philippines have criticized President Ferdinand Marcos Jr.'s decision to suspend an approved fare hike for land vehicles, arguing that their request for a P1 increase was urgent due to the ongoing fuel crisis.
It is uncharacteristically a strongly worded speech for the conflict-averse Dy, who often issues statements with broad, nonconfrontational messaging
The Department of Budget and Management (DBM) is advocating for a cap on unprogrammed appropriations in the national budget, following significant allegations of these funds being misused for corruption.
Philippine President Ferdinand Marcos Jr. has directed the release of over P60 billion for ongoing and completed infrastructure projects, including the Metro Manila Subway Project Phase I.
Speaker Faustino Dy III has called out the Department of Budget and Management (DBM) for delays in fund releases, warning that slow disbursement renders approved budgets meaningless and delays urgently needed services for Filipinos.
The Department of Budget and Management (DBM) has released P8.08 billion to fund priority projects in 808 barangays that have been cleared of insurgency, under the Local Government Support Fund (LGSF)-Support to the Barangay Development Program.
MANILA, Philippines — As fuel prices continue to rise, the Department of Budget and Management (DBM) said on Friday that it had fast-tracked the release of P2.49 billion to the fuel subsidy program…
Issues raised by the National Unity Party (NUP) regarding the Department of Budget and Management's slow action on funding for key infrastructure projects have been resolved after discussions with Majority Leader Ferdinand Alexander Marcos.
Deputy Speaker Ronaldo Puno has clarified that his grievances regarding the Department of Budget and Management's (DBM) failure to release funds and his dissatisfaction with House Speaker Faustino 'Bojie' Dy III's leadership are not connected to any impeachment proceedings, despite earlier reports of his party considering a move to the minority bloc.