The recent revelation that the government has inserted an additional P121.875 billion in unprogrammed funds into the 2024 national budget, pushing it to a record-high of P6.149 trillion, raises important questions about fiscal prudence and the prioritization of public spending.
On the surface, the injection of these unplanned funds may seem like a positive move, providing much-needed support for critical infrastructure and social programs. The allocation of P86.037 billion to the Department of Public Works and Highways and P5 billion to the Department of Social Welfare and Development is a testament to the government’s commitment to address the country’s development needs.
It is crucial that the government strikes a delicate balance between addressing urgent priorities and maintaining fiscal discipline. While the infusion of funds for infrastructure and social programs is commendable, the long-term implications of this approach must be carefully considered. Excessive reliance on unprogrammed appropriations can lead to a lack of transparency, undermine the budgetary process, and potentially distort the allocation of resources away from more strategic planning.
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Unprogrammed funds bloat national budget | Reine Juvierre S. AlbertoThe government has inserted more unprogrammed funds into the national budget for this year, pushing it to a record-high of P6.149 trillion. Latest data from the Department of Budget and Management (DBM) showed P121.875 billion in unprogrammed funds were added to the national budget in November.
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