Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

DBM reluctant to reenact ‘most corrupt’ 2025 budget

Business World Philippines

|

August 06, 2025

THE Department of Budget and Management (DBM) expressed caution about reenacting the “most corrupt” 2025 budget, but added that preparations are underway in case President Ferdinand R. Marcos, Jr. follows through on his warnings to Congress not to deviate significantly from the Executive branch’s spending priorities.

“Hopefully not, because if the 2025 budget is reenacted... it’s the most corrupt kind of budget. So why reenact it?” Budget Secretary Amenah F, Pangandaman said, responding to a question about the likelihood of a reenacted budget.

Nevertheless, the DBM is preparing rules that will govern operations in case the President refuses to sign the budget bill, she said. If no budget is in place by the new year, the government automatically reverts to the preceding year’s spending plan, which is typically smaller and is focused on priorities that could have changed.

The 2025 budget drew a Presidential veto covering P194 billion worth of spending items, and raised concerns over the size of the public works allocations. The Constitution requires governments to make education their top spending priority.

PLUS D'HISTOIRES DE Business World Philippines

Business World Philippines

NG gross borrowings decline in October

THE NATIONAL Government's (NG) gross borrowings declined in October amid a drop in foreign debt, the Bureau of the Treasury said.

time to read

2 mins

December 01, 2025

Business World Philippines

Business World Philippines

Honda Foundation extends aid to Typhoon Tino survivors

LATE LAST month, associates from the Cebu office of Honda Philippines, Inc. (HPI) representing Honda Foundation, Inc. (HFI) visited affected families in Barangay Cotcot, Liloan, Cebu.

time to read

1 min

December 01, 2025

Business World Philippines

Poll: Inflation likely eased in Nov.

HEADLINE INFLATION likely eased in November as lower prices of food, particularly rice, may have tempered higher utility costs during the month, analysts said.

time to read

3 mins

December 01, 2025

Business World Philippines

Business World Philippines

Filipinos push back as flood control scandal sparks fresh protest wave

BJ I. MABINI didn’t plan on joining a street protest. But when he saw videos of politicians’ relatives flaunting designer bags and luxury cars online — days after headlines warned that billions of pesos meant for flood control had vanished — he said he had reached his limit.

time to read

6 mins

December 01, 2025

Business World Philippines

Business World Philippines

The Good Meat elevates Noche Buena dishes with new twists

FOR FILIPINOS, Noche Buena is more than a feast.

time to read

1 min

December 01, 2025

Business World Philippines

Business World Philippines

SEVEN-SEATER CONTENDER

Mitsubishi unveils all-new Destinator

time to read

2 mins

December 01, 2025

Business World Philippines

Business World Philippines

DoST honors outstanding MSMEs at National Science, Technology and Innovation Week 2025

THE DEPARTMENT OF SCIENCE and Technology (DoST) recognized nine outstanding micro, small, and medium enterprises (MSMEs) under its Small Enterprise Technology Upgrading Program (SETUP) during the 2025 National Science, Technology, and Innovation Week (NSTW) held in Laoag City.

time to read

1 mins

December 01, 2025

Business World Philippines

PHL export prospects riding on tariff ruling by US Supreme Court

A US Supreme Court ruling on the reciprocal tariffs will shape the Philippines’ trade prospects as the justices grapple with President Donald J. Trump’s radical overhaul ofthe trading system, analysts said.

time to read

2 mins

December 01, 2025

Business World Philippines

PHL companies double down on sustainability – Schneider survey

ENERGY TECHNOLOGY SOLUTIONS provider Schneider Electric recently announced the results of its annual Green Impact Gap survey revealing that Philippine business leaders increasingly view sustainability as a driver of growth and competitiveness, even as they cite economic uncertainty and geopolitical instability as barriers to further sustainability investment.

time to read

1 mins

December 01, 2025

Business World Philippines

Rice, galunggong prices up, meat steady in mid-Nov.

PRICES of rice and galunggong (round scad) rose in mid-November, while pork and chicken prices were little changed, according to the Philippine Statistics Authority (PSA).

time to read

1 mins

December 01, 2025

Listen

Translate

Share

-
+

Change font size