DBM: Govt not withholding funds

on

The Department of Budget and Management (DBM) reaffirmed on Friday that no government funds are being withheld, even those marked “for later release.”

 

The DBM said in a statement that it will not withhold P160 billion in For-Later-Release (FLR) money for infrastructure and social amelioration programs, as certain Senate members have lately suggested.

 

It added that the P144.81 billion FLR allocations anticipated for the Department of Public Works and Highways’ infrastructure programs had already been recommended to the President for approval.

 

This accounted for the majority of the P261.05 billion in unreleased funds in the P4.50-trillion national budget for 2021 as of last June 30.

 

The DBM also said that it had already released P3.83 trillion, or 85.1 percent of this year’s national budget, from January to June.

 

Line department releases totaled P2.38 trillion, or 90.1 percent of the total, a major gain over the previous year’s 79.8 percent.

 

The Budget department added that most departments’ allotments had been fully dispersed, including the P176.66 billion FLR funding for the Department of Social Welfare and Development’s several social amelioration programs.

 

“Expenditure items classified as FLRs require the submission of special budget request and other supporting documentary requirements from the agencies concerned, consistent with National Budget Circular No. 583,” it explained.

 

Before recommending the documents to the Office of the President for approval, the agency said that it reviewed them based on current budgeting laws and regulations.

 

The accompanying Special Allotment Release Order and Notice of Cash Allocation will be released as soon as the President gives his permission.

 

The DBM said, it “remains committed to ensuring that funds are readily available to support the implementation of various Covid-19 (coronavirus disease 2019) response programs geared towards making all sectors of the economy stronger and more agile.”

 

BY MEYNARD DELA CERNA


Discover more from Current PH

Subscribe to get the latest posts sent to your email.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

Tama ba o Hindi Ang pagpalit sa Senate president...

https://www.youtube.com/watch?v=8ih9yU2ytu8A closer look at the 1987 Constitution suggests that the requirement may not be a fixed absolute majority of 13 senators. The constitutional phrase...

Let us Free Ourselves from family dynasties of plunderers

Since 2025, when news of the staggering 1-trillion-peso large-scale theft came to public consciousness, many of us weren't surprised. At the back of our minds,...

A Perfect Storm Gathers on June 12 Independence Day:...

There are moments in a nation’s history when seemingly unrelated events begin moving toward the same point. Political rivals who despise each other suddenly find themselves attacking the same government. Economic pressures begin piling up on top of political grievances. Public trust erodes while institutions struggle to maintain authority. What appears at first to be a series of isolated developments gradually reveals itself as a single, larger crisis.

Cayetano-Marcos-Marcoleta June 4 show sa Senado: ano tingin ng...

https://www.youtube.com/watch?v=0r2sD_UJ-T4🇵🇭 Currentph News TV — Real News. Real Talk. Real Impact. Welcome to Currentph TV, the digital news and public affairs channel built for the...

Crisis at the Philippine Senate: National Security Risks and...

A crisis has once again engulfed the Philippine Senate. The declaration of vacancies in all leadership positions and the installation of Senator Sherwin Gatchalian...

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading