MORE than 69 percent of this year's national budget has already been distributed to agencies, according to the Department of Budget and Management numbers released over the weekend.
MORE than 69 percent of this year's national budget has already been distributed to agencies, according to the Department of Budget and Management numbers released over the weekend.Allotment releases for January-March totaled P3.48 trillion, or 69.4 percent of the P5.02-trillion budget for 2022.Line departments received P2.72 trillion, which included funds for agencies and other constitutional offices.A total of P150.
SPFs are used for financial assistance for government corporations, distribution to local government, contingencies, miscellaneous personnel benefits and national catastrophe risk mitigation and management as well as pension and gratuity payments.Automatic appropriations accounted for P489.82 billion of the allotment releases. These included P61.34 billion for retirement and life insurance premiums; P239.76 billion for national tax allotments; P16.
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