DOF’s P30.6 billion budget for 2023 approved by Senate panel | Inquirer News

DOF’s P30.6 billion budget for 2023 approved by Senate panel

/ 02:27 PM October 03, 2022
The DOF's proposed 2023 budget of P30.6 billion has been approved by a Senate panel


MANILA, Philippines — The Senate committee on finance approved Monday the proposed 2023 budget of the Department of Finance (DOF), amounting to P30.6 billion.

The panel, chaired by Senator Sonny Angara, is expected to transmit the DOF’s budget plan for next year to the plenary for final approval.


Based on the presentation of Finance Secretary Benjamin Diokno, the DOF’s 2023 budget includes an allocation of about P4 billion for the modernization of the Bureau of Internal Revenue and Bureau of Customs.

The DOF’s proposed budget for next year is higher than its P26.7-billion budget for the current year.



DOF: PH’s foreign debts’ manageable’

DOF: More aid, suspended oil tax would have bloated PH debt to P15.4T in 2022

DOF: P8.2B spent on cash aid to ease imports’ impact on PH farmers

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: 2023 national budget, DoF, Senate
For feedback, complaints, or inquiries, contact us.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2022 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.