Latest data from the Department of Budget and Management (DBM) showed that the adjusted program for the year has been set at P5.932 trillion as of end-October.
The amount is P164.08 billion above the programmed P5.768 trillion budget. The entire additional fund went to unprogrammed appropriations.
Unprogrammed appropriations provide standby authority to incur additional agency obligations for priority programs or projects when revenue collection exceeds targets, and when additional grants or foreign funds are generated.
This story is from the November 17, 2024 edition of The Philippine Star.
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This story is from the November 17, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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