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Unprogrammed funds raise 2024 budget to P5.93 T
The Philippine Star
|November 17, 2024
The government has made adjustments anew to the national budget by about P164 billion, entirely for unprogrammed appropriations, to reach a record P5.93 trillion for this year.
Latest data from the Department of Budget and Management (DBM) showed that the adjusted program for the year has been set at P5.932 trillion as of end-October.
The amount is P164.08 billion above the programmed P5.768 trillion budget. The entire additional fund went to unprogrammed appropriations.
Unprogrammed appropriations provide standby authority to incur additional agency obligations for priority programs or projects when revenue collection exceeds targets, and when additional grants or foreign funds are generated.
Dit verhaal komt uit de November 17, 2024-editie van The Philippine Star.
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