Together with the President’s initiative to undertake zero-based budgeting, and the fiscal prudence that has achieved the first quarterly budget surplus in a quarter century, the total approach of the administration to the appropriation and disbursement of public funds means the resources are in place to achieve our development targets and social spending.
The national government registered a surplus of P26.258 billion in April which improved its fiscal position for the first four months of the year to a surplus of P61 million as opposed to a deficit of P131.8 billion recorded in the same period last year.
The unprecedented partnership of the government and the Moro Islamic Liberation Front in a 10-day pursuit operation led to the rescue of Filipino-Chinese trader Angelina Suken Chew Manjique on May 24.
The Bureau of Customs (BOC) turned over to the proper government regulatory agencies tens of thousands of endangered marine organisms seized by Customs Police amid beefed up operations following a major wildlife trade bust two weeks ago.
The Department of Budget and Management (DBM) has released P5 billion to cover the national government’s counterpart for health insurance premiums of indigents from 2007 to 2010, which were left unpaid by the previous administration.
The DA and the Institute of Plant Breeding-University of the Philippines in Los Baños are producing the seed and propagating a high-yielding variety of low-glycemic corn nearly comparable to the yields of commercial white corn.
The Department of the Interior and Local Government and the Department of Budget and Management on Friday issued new guidelines to local government units on the use of their 20% Internal Revenue Allotment for development projects.