Marcos

DBM warns vs budget reenactment

- With Jose Rodel Clapano

health, defense, interior and local government, agriculture, social welfare, transportation, judiciary and labor and employment. By expense class, the highest allocation will go to maintenance and other operating expenses at P2.639 trillion – chiefly for bankrolling the implementation of government programs and projects, according to a recent DBM statement.

Personnel services expenditures will get P1.908 trillion, covering the salaries and other personnel services benefits of government workers, including the requirements for creation and filling of posts.

Capital outlays will be provided with P1.296 trillion to fund priority infrastructure projects, while financial expenses will get P950 billion.

National government agencies will have an outlay of P4.305 trillion or 63.4 percent, while local governments will get nearly 20 percent at P1.350 trillion, excluding locally implemented projects funded through national agencies.

Government-owned or controlled corporations will have an allocation of P188.3 billion in the form of subsidy or equity support and net lending assistance.

Also yesterday, lawmakers presented to Marcos the signed Government Optimization Act, a measure designed to optimize the government’s operations, improve its service delivery and remove redundancies or overlapping functions.

Republic Act 12231 or the Government Optimization Act was signed into law last Aug. 4. It grants the President the authority to optimize the operations of agencies in the executive branch.

DBM warns vs budget reenactment As Congress prepares to deliberate on the national appropriation for next year, a DBM official has again sounded the alarm over a reenacted budget, saying it could stall new projects, setting back development plans and slowing the country’s growth momentum.