MENU

Thumbnail  Manila, Philippines - Around 100 representatives from National Government Agencies, Local Government Units, and Civil Society Organizations have once again gathered for the Philippine celebration of the Open Government Partnership (OGP) Week held at the Department of Budget Management Central Office last May 8-9, 2018.   The Philippines is one of the founding members of the Open Government Partnership (OGP), a unique international initiative aimed at securing concrete commitments from governments to promote transparency, increase civic participation, fight corruption, and harness new technologies that strengthen governance.   With the theme: “OGP Going Local: Bringing Government Closer to the Citizens”, the OGP Week celebration aimed to showcase successful localization efforts on open governance and transparency initiatives of government at the national and local government level, and explore the co-creation of new OGP subnational commitments for the next OGP action plan development cycle.   DBM Secretary Benjamin Diokno, Chairperson of the PH-OGP Steering Committee, gave the keynote address during the event.   In his address, he acknowledged that many LGUs are already implementing...
             Earlier today, government authorities bared that the Philippine economy grew by a robust rate of 6.8% in the first quarter of Fiscal Year 2018. This growth rate makes the Philippines one of the best performing economies in the region and is close to the lower end of the government’s target of 7% to 8%.            “We are pleased to announce that economic expansion for the first quarter of 2018 hit 6.8%, making the Philippines one of the fastest-growing economies in the fastest-growing region in the world,” said Budget and Management Secretary Benjamin E. Diokno. “Increased government spending has translated to a strong showing for the Philippine economy in Q1,” he added.            According to the Philippine Statistics Authority, Government Final Consumption Expenditure (GFCE) grew by 13.6% in Q1 2018, a marked improvement from the 0.1% growth in the same period of 2017. GFCE measures government spending on goods and services, and is one of the components in accounting for the total output in the economy.            “The Duterte Administration’s audacious Build Build Build Program definitely contributed to higher government spending for Q1, and this is corroborated by our data on National Government...
Thumbnail   DBM Secretary Benjamin Diokno gives update on the government's plans  for the rehabilitation of Boracay island.   The Department of Budget and Management (DBM) will readily support the government’s efforts in rehabilitating Boracay Island, including the provision of social safety nets and livelihood assistance to affected workers and residents.   “The budgetary requirements for the island rehabilitation may be sourced from the budgets of the government agencies involved,” said Budget and Management Secretary Benjamin E. Diokno. “Pending a consolidated budget request from Task Force Boracay, funds may also be sourced from the Contingent Fund or the Calamity Fund,” he added. “Should agency programs or projects for the Boracay rehabilitation spill over into Fiscal Year (FY) 2019, agencies may also propose these in their Tier-2 budget proposals for the 2019 Budget,” Secretary Diokno elaborated.   The DBM has already released P448 million to the Department of Labor and Employment (DOLE) to cover the financial assistance for the affected 17,735 registered formal sector workers in the area. The provision of financial assistance shall be linked to active labor market programs such as employment...
Thumbnail      The Duterte administration’s massive infrastructure program, Build Build Build, is expected to generate an average of 1.1 million jobs annually in the medium term, owing to the government’s hefty spending on infrastructure development projects.         This will help address the country’s unemployment woes, especially with the influx of returning OFWs from Kuwait. The unemployment rate stands at 5.3% as of January 2018, a notable decrease from January 2017’s unemployment rate of 6.6%. The number of employed persons has improved from 39.35 million in January 2017 to 41.76 million in January 2018.   Meanwhile, the lowest employment rates for January 2018 were recorded in the National Capital Region (NCR) (92.2%), Ilocos Region (93.3%), and CALABARZON (93.3%).             Jobs to be created through the Build Build Build program are mostly associated but are not limited to construction and development. An online jobs portal, which will consolidate job openings, postings, and opportunities related to Build Build Build, is currently in the works, and is expected to be up within the year. Moreover, the Build Build Build committee will also be holding a jobs caravan, to present employment opportunities to the...
     Starting May 15, more than 1.5 million government workers will receive their FY 2018 Mid-Year Bonus, which is equivalent to one month basic salary.   Following guidelines set in Budget Circular no. 2017-2 dated May 8, 2017, the mid-year bonus is granted subject to the following conditions: (a) personnel has rendered at least a total or an aggregate of four months of service from July 1, 2017 to May 15, 2018; (b) personnel remains to be in the government service as of May 15, 2018; and (c) personnel has obtained at least a satisfactory performance rating in the applicable performance appraisal period.   The amounts required for the grant of FY 2018 Mid-Year Bonus to personnel of National Government Agencies are charged against the agency-specific allocation for the payment of Mid-Year Bonus under the FY 2018 GAA. The funding requirement for the FY 2018 Mid-Year Bonus has been comprehensively released to the agencies through the GAA as Allotment Order policy, pursuant to National Budget Circular No. 567 dated January 3, 2017.            The total amount allocated for the mid-year bonus of all government personnel is estimated at P36.2 billion.            For the complete set of guidelines on the release of...
Thumbnail DBM Secretary Benjamin Diokno with ADB Vice President Bambang Susantono to his right and ADB Institute Dean Naoyuki Noshino to his left, among other budget officials, experts and consultants.               Manila, Philippines - DBM Secretary Benjamin Diokno gave the opening remarks for the Regional Technical Workshop on Strengthening Open Budget Practices in Asia and Pacific Region this morning at EDSA Shangri-la.               The three-day workshop organized by the Asian Development Bank(ADB) and the International Budget Partnership (IBP) gathers senior budget officials, public sector reform experts and researchers, and representatives from various international development organizations to discuss challenges and opportunities in improving budget openness in the Asia-Pacific region.               In his opening address, Secretary Diokno reiterated the Philippines’ strong commitment to fiscal transparency as evidenced by the results of the Open Budget Survey released last January 2018.               The Philippines scored 67 over 100, ranking first in Asia and 19th in the world. The global average score is 42. Table 1. PH score vs Asia, ASEAN countries in 2017 Open Budget Survey               The Budget Chief highlighted as well the national...
Thumbnail     DBM-Procurement Service inks MOA on Government Fares Agreement with Philippines Air Asia.Seated from L to R: Ph Air Asia CFO Mr. Jose Leandro Ramos, PH Air Asia President & CEO Captain Dexter Comendador, DBM Secretary Benjamin Diokno, DBM-PS ED Bingle Gutierrez and PH Air Asia Chief Commercial Officer Gilberto Simpao. (May 2, 2018)   Earlier today, the Department of Budget and Management (DBM) formalized its partnership with Philippines Air Asia, Inc., for the Government Fares Agreement (GFA), enabling the cheaper and more efficient procurement of air transport tickets for the official trips of government employees.   Budget and Management Secretary Benjamin E. Diokno lauded the partnership as another step in securing the highest value from the public resources entrusted to the government. “We are pleased to announce that Air Asia, a much-respected and trusted airline company, is now a partner of the DBM for the Government Fares Agreement,” he said. “With the GFA, government agencies may enjoy generous discounts for domestic and international air travel tickets, and lower, if not waived, rebooking and processing fees for domestic travel tickets,” Sec. Diokno added.   Airline tickets...

More in Press Releases

Pin It