Reforms in procurement system crucial to inclusive-growth tack
Reforms in the government-procurement system are crucial to eradicate poverty and improve governance, an official of the World Bank said.
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Reforms in the government-procurement system are crucial to eradicate poverty and improve governance, an official of the World Bank said.
THE National Economic and Development Authority (Neda) said the impact of sustained growth is likely to be felt by the bottom 40 poorest of the poor population due to much lower food prices with easing in the inflation rate to 2.4 percent.
THE Department of Budget and Management (DBM) has rolled out a reform measure that aims to enhance the skills of government budget and finance management officers in effective public financial-management systems to address corruption and prevent fund misuse.
THE Department of Budget and Management (DBM) has expanded the coverage of Bottom-up Budgeting (BuB) project to some 1,590 cities and municipalities to allow more community leaders to engage in budget process for social services that create jobs and reduce poverty.
Budget Secretary Florencio B. Abad said the supplemental budget for 2014 worth P22.4 billion has been a huge help to the national government’s effort to the continue the rehabilitation efforts in the Supertyphoon Yolanda-affected areas in the Visayas.
HOUSE members have filed a resolution seeking to regain the power of Congress to craft and scrutinize the national budget, as they raised their concerns over Malacañang’s insertion of lump-sum funds that has led to rampant misuse of public funds.
Budget Secretary Florencio B. Abad said the administration is implementing reforms to reduce lump-sum allocations in the national budget, owing to huge fund misuse in the past.
Budget Secretary Florencio B. Abad said some P2.83 billion of the P22.47-billion supplemental budget for 2014 will be used to improve facilities and equipment of police stations to facilitate better public response.
A mid the rising number of summer fire incidents, the Department of Budget and Management (DBM) has allocated P8 billion to build additional fire stations and purchase new fire trucks for prompt emergency response.
The Department of Budget and Management (DBM) will begin the implementation of the two-tier budgeting approach for the 2016 national budget that aims to monitor spending of government agencies in approved and ongoing projects to prevent fund misuse and corruption.
FORMER National Treasurer and Social Watch convener Leonor Magtolis-Briones raised concern on Saturday that more than half of the P2.606-trillion national government budget this year is prone to misuse, as the Aquino administration embedded the funds in pork-barrel-style appropriations in spending agencies.
BUDGET Secretary Florencio B. Abad said on Saturday that cities and towns with no track record of questionable disbursements at the Commission on Audit (COA) can qualify in the P20.9-billion fund for community-development programs.
EUROPEAN companies remain reluctant to invest in the Philippines due to concerns over the country’s bidding process. This, according to European Union (EU) Ambassador to the Philippines Guy Ledoux, is despite the procurement reforms initiated by the Aquino administration.
Budget Secretary Florencio B. Abad said the Department of Budget Coordination Committee (DBCC) will review revenue targets due to the lower collection of the Bureau of Internal Revenues (BIR) and the Bureau of Customs (BoC).
BUDGET Secretary Florencio B. Abad has assured a stable peso rate at a range between 42 and 45 to a US dollar, despite the anticipated Federal Reserve (the Fed) increase in policy rates owing to the robust growth of the American economy this year.
THE National Economic and Development Authority and the Government Procurement Policy Board will assist agencies in speeding up their planning and procurement to ramp up state spending and remove a major hurdle to sustained growth.
Budget Secretary Florencio B. Abad on Wednesday said that pursuing peace in Mindanao is a top priority in the 2015 national budget with a P9.94- billion allocation to widen social services and reconstruction, especially in conflict-affected areas.
With the country’s lingering problem on perennial flooding, the Department of Budget and Management (DBM) said it has allocated P47.3 billion for this year to establish flood-control infrastructures that will cover 18 major river basins and areas that are situated below sea level.
Malacañang allocated over P76 billion for various projects and programs, as the Aquino administration steps up spending to improve the quality of education in the country.
Budget Secretary Florencio B. Abad said the Aquino administration is now looking for ways to ensure line government agencies would no longer underspend this year, a factor that contributed to the low growth in the gross domestic product (GDP) during the third quarter of last year.
LABOR Secretary Rosalinda Baldoz has ordered the speedy release of employees’ compensation, insurance and funeral benefits to families of the 44 National Police-Special Action Force troopers who died in a clash with Moro Islamic Liberation Front (MILF) in Maguindanao.
Budget Secretary Florencio B. Abad on Tuesday said the Department of Budget and Management (DBM) has already released 78 percent, or P2.037 trillion, of the P2.606-trillion national budget for 2015 to recipient government agencies and departments to address procurement delays and fast-track project implementation.
BUDGET Secretary Florencio B. Abad assured over the weekend that the Aquino administration remains committed to meeting its commitment to the Millennium Development Goals (MDGs) of eradicating poverty by 2015, with a total of P131 billion for inclusive growth programs.
SHOPPERS and gourmets in Makati City now have a good reason to say “Prost,” as Brotzeit, the popular German restaurant and brewery, opened recently its second branch at Glorietta.
BUDGET Secretary Florencio B. Abad said the government has allocated P91.1 billion this year to boost agriculture market outputs and create jobs in key cities and provinces.
Budget Secretary Florencio B. Abad on Monday said the Aquino administration has prioritized climate-change adaptation and mitigation in the 2015 national budget by allocating P65 billion for flood control and rehabilitation projects for typhoon devastated communities.
LABOR Secretary Rosalinda D. Baldoz said the government will announce a new adjustment to the minimum wage of workers in Metro Manila, owing to the recent increases in commuter train systems’ fares and changes in prices of basic commodities.
The government has set aside $500 million that formed part of the recent $2-billion global bond sale to underwrite a portion of the nation’s spending program, Budget Secretary Florencio B. Abad said on Thursday.
The Presidential Commission on Good Government (PCGG) said the total coco-levy fund that must be remitted to the coco farmers is at P80 billion and not P60 billion as earlier claimed by government lawyers.
BUDGET Secretary Florencio B. Abad said the government can use up to P21.5 billion of the proposed P2.606-trillion national budget for next year to meet relief and rehabilitation needs after Typhoon Ruby (international code name Hagupit) hit the country.
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