THE Department of Budget and Management (DBM) has assured the senators that the government will effectively tackle in 2025 government underspending.
THE Department of Budget and Management has assured the senators that the government will effectively tackle in 2025 government underspending.During the Senate briefing on the proposed FY 2025 National Budget on Wednesday, Budget Secretary Amenah Pangandaman said that the DBM has instructed government agencies to request funds only for projects that can be implemented to avoid underspending.
The budget chief highlighted the enactment of the New Government Procurement Act or Republic Act 12009 as a crucial step to address underspending, as it institutionalized the conduct of early procurement activities'Agencies can already bid out their projects by the time we issue the National Expenditure Program to Congress. By the time we have our General Appropriations Act, they can already award the same,' the secretary said.On July 20, 2024, President Ferdinand Marcos Jr.
Will Be Fixed By 2025 Budget Chief
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