Think tank Congressional Policy and Budget Research Department (CPBRD) is worried that the DICT may find it challenging to maximize its new appropriations next year.
The CPBRD flagged the consistent underspending of the DICT as one of the issues it has to deal with, especially as it is asking for a higher budget of P9.24 billion in 2025, from P6.91 billion in 2024.
The DICT was provided in 2023 with a budget of P15.46 billion, made up of new, automatic and continuing appropriations. That year, the agency was able to strengthen its obligation rate to 62.2 percent, from 35.8 percent in 2022.
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Esta historia es de la edición August 23, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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IPC E&C, Goldwind to install wind farm turbines in Phl
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SEC tightens beneficial ownership policies
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Toyota PH turns over Land Cruiser Prado to two-time Olympic gold medalist Carlos Yulo
The Filipino Olympic hero is honored by company officials and team members in a turnover ceremony at Toyota Motor Philippines' Laguna plant
The MG G50 Plus Luxury might be the brand's next ZSuccess
There are a lot of MPVs in the market today that are designed to mimic an SUV, in a way.
DOTr, DOT eye European market
Transportation Secretary Jaime Bautista and Tourism Secretary Christina Frasco are eyeing the European market to boost the country's tourism revenues.
They can't seem to get it
It is frustrating and somewhat scary that our ruling elite can't seem to get it.
Car sales zoom 6.6% in Aug
Motor vehicles sold in the country zoomed by 6.6 percent in August, driven by model introductions in recent months.
BSP to revise rules on selection of external auditors
The Bangko Sentral ng Pilipinas (BSP) is looking to amend the guidelines on the selection of external auditors for banks and financial institutions to enhance corporate governance.
PCC, SM team up to promote fair competition
SM Supermalls has teamed up with the Philippine Competition Commission (PCC) to promote fair competition through an information campaign as part of its commitment to ensuring a level playing field and consumer welfare.
Phl IPOs to be fueled by RE listings
Optimism still surrounds the initial public offering (IPO) market in Southeast Asia despite a slow start in 2024, with more renewable energy (RE) listings seen powering up the Philippine IPO landscape.
