DBM Pushes Shift to Cash Budgeting System

Following the controversial budget this year, the Department of Budget and Management (DBM) is backing the passage of a measure that will institutionalize the cash-based system to boost transparency.

- By Louise Maureen Simeon

In an interview, Budget Secretary Amenah Pangandaman welcomed House Speaker Martin Romualdez's bill that seeks to overhaul the national budgeting system into a cash-based one every year.

Pangandaman said the Budget Modernization Act would strengthen the budgetary process—from crafting to releases to utilization.

"We want to have a manual of operations of sorts. Like a bible of how to go about with our budget," Pangandaman told The STAR.