DBM Mandates Justification for Shelving Local Projects in 2028 Budget Preparation
The Philippine Department of Budget and Management (DBM) has issued new guidelines for the 2028 national budget preparation, requiring national government agencies to explain any rejection, delay, or modification of regional development projects. This move aims to enhance transparency and responsiveness to local needs in spending decisions.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Philippines Faces Highest Inflation Pressure in Asia, BSP Rate Hikes May Extend
Analysts suggest the Philippines, facing Asia's highest inflation pressure, may extend its rate-hiking cycle despite slowing economic growth. Early signs of inflation generalization are appearing across Asia.
- Foreign Investors Turn Net Sellers of PH Stocks, Bonds in August
Foreign portfolio investments (FPI) in the Philippines recorded a net outflow of $315 million in August, ending three consecutive months of net inflows. Both stock and government securities markets saw net selling by foreign investors.
- GCash Operator Mynt Inc. Pushes Ahead with IPO Amid Market Volatility
Mynt Inc., the operator of Philippine digital payments giant GCash, intends to proceed with its initial public offering (IPO) as planned, despite market uncertainties. The company cited confidence in its business as a driving factor behind the decision.
- Davao Durian Farmers Weigh Market Expansion for Better Returns
Durian farmers in Davao, Philippines, are cautiously weighing the potential for increased profits from market expansion against associated risks. While access to larger markets holds promise for improving their economic situation, uncertainties remain.