DBM: 82.1% of 2017 budget released as of May | Inquirer News
Close  

DBM: 82.1% of 2017 budget released as of May

By: - Reporter / @bendeveraINQ
/ 12:57 PM June 06, 2017
Benjamin Diokno

Budget Secretary Benjamin Diokno (TOTO LOZANO/Presidential Photo)

MANILA — The government already released 82.1 percent of the 2017 national budget at the end of the first five months, a slower pace than a year ago, the latest Department of Budget and Management data showed.

During the January to May period, P2.749 trillion of the record P3.35-trillion budget was released, including continuing appropriations under the 2016 national budget and other automatic appropriations.

ADVERTISEMENT

To compare, 85.2 percent or P2.557 trillion of the nonetheless smaller P3.002-trillion 2016 budget was released as of end-May last year.

For funds under the 2017 general appropriations act, allotment releases reached P1.846 trillion during the five-month period or 75.9 percent of the P2.432-trillion program.

FEATURED STORIES

Comprehensive releases to government departments as of May amounted to P1.687 trillion or 85.7 percent of the programmed P1.969 trillion.

As for special purpose funds, P158.918 billion or 34.3 percent of the P463.189 billion allotted for 2017 have been released.

Automatic appropriations—programmed over a period prescribed by law through outstanding legislation requiring periodic action by Congress—worth P875.395 billion or 95.4 percent of the P918.013-billion program for this year were released during the first four months.

These automatic appropriations included retirement and life insurance premium, internal revenue allotment for local government units, pensions of former presidents as well as ex-presidents’ widows, special account in the general fund (including motor vehicle users charge fund), net lending, interest payments, and releases under the tax expenditures fund for customs duties and taxes to be paid for government importation.

Also released at end-May were P27.445 billion from continuing and automatic appropriations for departments, special purpose funds, grants and donations, as well as revalidation of the Armed Forces of the Philippines Modernization Program.

A balance of P601.034 billion must still be released before yearend.

The budgets released will be obligated by agencies for specific projects. Upon award of the projects, the allotted amounts will be disbursed for payments to contractors and suppliers.

ADVERTISEMENT

In a recent speech, Budget Secretary Benjamin E. Diokno said that “with unprecedented amounts being provided in the 2017 budget, and in all likelihood, in the budgets for the coming years, underspending remains to be a great cause of concern for many.”

“However, let me assure all of you that we will exert all efforts to prevent this from happening again. Underspending is unacceptable. Funds delayed are services denied, and our people definitely deserve the speedy delivery of public services,” Diokno had said.

For 2018, the government will pitch a record P3.84-trillion national budget, up 14.6 percent from this year’s budget, the Cabinet-level, interagency Development Budget Coordination Committee said in a report last December.  SFM/rga

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: 2017 General Appropriations Act, Benjamin E. Diokno, Department of Budget and Management, General Appropriations Act, Government Budget, government funds, National Budget
For feedback, complaints, or inquiries, contact us.

News that matters

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



© Copyright 1997-2022 INQUIRER.net | 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.