Department of Budget and Management (DBM)Almost 83 percent of the national budget for 2021 has already been released to government agencies, according to the Department of Budget and Management (DBM). The latest figure surpassed the P3.736 trillion released in the first five months of 2020. Special purpose funds (SPFs), which are budgetary allocations in the General Appropriations Act for specific socioeconomic reasons, were released for a total of P198.29 billion. The national government has stated that the P4.50-trillion national budget will aid the country in fighting and recovering from the coronavirus disease 2019 pandemic. He also stated that the budget agency is ready to act fast on budget requests from agencies that submit their budget documents on time.

Source: Manila Times June 09, 2021 17:40 UTC