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DBM allocates P17.1B NTA for Bulacan in 2024 budget - Punto! Central Luzon

DBM allocates P17.1B NTA for Bulacan in 2024 budget - Punto! Central Luzon
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2023 budget 'springboard' for full-speed economic recovery: DBM

Budget Secretary Amenah Pangandaman (PNA photo) MANILA - The proposed PHP5.268 trillion national budget for 2023 will serve as a "springboard for the economy's full-speed recovery," the Department of Budget and Management (DBM) said Friday. Budget Secretary Amenah Pangandaman said the 2023 budget spending plan was crafted based on and in support of the Marcos administration's eight-point socioeconomic agenda. "The administration's first full-year budget shall serve as a springboard for the economy's full-speed recovery and meaningful structural reform," Pangandaman said, as the House of Representatives began its deliberations on the proposed 2023 budget. The proposed budget is anchored on the theme, "Agenda for Prosperity: Economic Transformation Towards Inclusivity and Sustainability." The 2023 budget plan, Pangandaman said, would address the immediate and pressing concerns of Filipinos in the near- and medium-term. Filipinos' purchasi ....

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UP economist emphasizes role of LGUs in nat'l development

(File photo) MANILA - The College of Arts and Sciences of the University of the Philippines Visayas hosted a webinar on the "Implementation of the Mandanas-Garcia Supreme Court Ruling and Role of Local Governments in National Development" attended by 340 participants from the various sectors. The webinar speaker, Philippine Economic Society president Charlotte Justine Diokno-Sicat, highlighted several points including the Local Government Code (LGC) of 1991, budgeting implications of the Mandanas-Garcia Ruling, and how improved local governance could be useful in national development. The Mandanas-Garcia Ruling is the Supreme Court's decision in 2018 to reallocate the budget intended for local governments. National Tax Allotment or NTA (formerly known as the Internal Revenue Allotment) was previously calculated based solely on Bureau of Internal Revenue collections. Beginning 2022, there is a 38 percent increase in the NTA because the base of which its computation was bro ....

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DSWD prepares for full devolution of services to LGUs

MANILA - The Department of Social Welfare and Development (DSWD) is in the thick of preparations for the full transfer of responsibilities to local government units (LGUs) in compliance with Executive Order (EO) 138. Signed by President Rodrigo Duterte in June 2021, the EO went into effect this year in line with the implementation of the 2018 Mandanas-Garcia Supreme Court Ruling, granting LGUs a nearly 40 percent boost in their portion of the national government's annual tax collections. "Sa kasalukuyan, ang DSWD ay isinasaayos na iyong ating mga plano para sa pagpapasa o pag-devolve o paglipat ng kapangyarihan ng pagpapatupad ng mga social welfare service sa mga lokal na pamahalaan sa ilalim nga ng (Currently, the DSWD has come up with the plan for the passing or devolving or transfer of power of fulfilling social welfare services to local government units under) Executive Order 138 o iyong (or the) Full Devolution of Certain Functions of the Executive Branch to Local Governm ....

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