5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

DBM hopes to submit spending plan to Congress by second week of Aug.

by
July 20, 2025
in Stock
0
DBM hopes to submit spending plan to Congress by second week of Aug.

DBM hopes to submit spending plan to Congress by second week of Aug. – BusinessWorld Online


      
      
      
      
      








BW FILE PHOTO

THE Department of Budget and Management (DBM) said it hopes to submit the proposed national budget for 2026 to Congress by the second week of August.

“The second week of August is tentative. No final date yet,” Budget Undersecretary Goddes Hope O. Libiran told BusinessWorld via Viber over the weekend.

The P6.793-trillion national expenditure program (NEP) for 2026 must be submitted to Congress within 30 days after the opening of the regular session of the legislature on July 28.

President Ferdinand R. Marcos, Jr. approved the P6.793-trillion NEP on July 17.

The NEP is equivalent to 22% of gross domestic product and 7.4% higher than this year’s P6.326-trillion spending plan.

Separately, the DBM said the Right to Information bill is expected to be filed with the 20th Congress next month.

“Finalizing the executive version of the bill,” Budget Secretary Amenah F. Pangandaman told BusinessWorld via Viber.

She said the proposed bill seeks to hold officials accountable and ensures that government actions are subject to scrutiny.

“Among the salient features of the proposed bill is the expansion of the scope and coverage to include all branches of government, including local government units (LGUs), government-owned and -controlled corporations (GOCCs), state universities and colleges (SUCs), and private entities involved in public transactions,” Ms. Pangandaman said.

The proposed legislation sets clear and standardized timelines for processing information requests, she said.

Despite the right to information being enshrined in the 1987 Constitution, the government has yet to pass a Freedom of Information law.

“It also includes provisions which mandate all government agencies to proactively disclose government information and to uphold institutional accountability through ensuring the accuracy, integrity, and timelines of information government agencies disclose,” she added. — Aubrey Rose A. Inosante

CEDTyClea

RELATED ARTICLESMORE FROM AUTHOR




MORE STORIES


Previous Post

Prices frozen in storm-hit Pangasinan municipality

Next Post

BIR raises floor price for cigarettes, vape products

Next Post
BIR raises floor price for cigarettes, vape products

BIR raises floor price for cigarettes, vape products

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    PHL suspends classes, gov’t work; 2 low-pressure areas being watched

    PHL suspends classes, gov’t work; 2 low-pressure areas being watched

    July 21, 2025
    Philippines and US agree to bolster deterrence in disputed South China Sea

    Philippines and US agree to bolster deterrence in disputed South China Sea

    July 21, 2025
    Philippines needs 7,000 classrooms yearly to address backlog, says PIDS

    Philippines needs 7,000 classrooms yearly to address backlog, says PIDS

    July 21, 2025
    Marcos unlikely to tackle Trump’s policy vs illegal immigrants in US visit — envoy

    Marcos unlikely to tackle Trump’s policy vs illegal immigrants in US visit — envoy

    July 21, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.