Connect with us

Hi, what are you looking for?

Economy

DBM summons agencies to pre-budget virtual consultations

THE Department of Budget and Management (DBM) will stage budget consultation sessions with various agencies and state-owned firms for 2022, the last spending plan of the administration’s term.

Budget Secretary Wendel E. Avisado issued Circular Letter No. 2021-1 dated Jan. 11, posted online on Wednesday, inviting agencies to the budget forum at the end of the month.

The 2022 budget consultations will be held virtually on Jan. 26-28, over asynchronous sessions in which video presentations will be delivered. Officials responsible for the budget, accounting and planning from the agencies and government-owned and -controlled corporations (GOCCs) are required to attend.

On Jan. 29, the representatives are due to participate in a virtual open forum on their budget proposals and other matters.

The DBM gave agencies and GOCCs until Friday, Jan. 15 to identify their designated representatives.

Late last week, Mr. Avisado issued the budget call for 2022 through National Budget Memorandum No. 138, ordering agencies to prepare their proposals before the spending plan is submitted to President Rodrigo R. Duterte on July 22, in time for the State of the Nation Address.

The National Government’s budget for 2022 is estimated at P5.024 trillion, an 11.6% increase from this year’s P4.5 trillion. — Beatrice M. Laforga

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
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!

Latest

Economy

By Luisa Maria Jacinta C. Jocson, Reporter FACTORY ACTIVITY in the Philippines expanded for a tenth month in a row in November, although jobs...

Economy

Passengers wait inside the Ninoy Aquino International Airport Terminal 3 in Pasay City, Oct. 29. The growth in remittances is expected to slow next...

Economy

By Revin Mikhael D. Ochave, Reporter THE JOINT Foreign Chambers of the Philippines (JFC) is now targeting to generate $128 billion in foreign direct...

Economy

LOCAL GOVERNMENT units (LGUs) should be given more time for the smooth transition of devolved functions from the National Government (NG) agencies, according to...

Economy

IN separate advisories, the Securities and Exchange Commission (SEC) has warned the public not to invest in CashBaka, Hero Mining International Group, and BitBankUps.com...

Economy

D.M. CONSUNJI, Inc.’s (DMCI) order book declined by 8.1% to P45.3 billion for the past three quarters from P49.3 billion in the same period...

You May Also Like

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.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.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.