4 months DBM orders agencies to align P4.335-T 2021 cash budget to COVID-19 ‘new normal’ Inquirer
MANILA, Philippines --- The Department of Budget and Management (DBM) has ordered agencies to align programs and projects under the proposed P4.335-trillion cash budget for 2021 to the "new normal" amid the COVID-19 pandemic. "In view of the limited fiscal space, the entire budget for the fiscal year 2021 will need to be reviewed and reprioritized towards containing the spread and mitigating the effects of the COVID-19 virus, absent a vaccine; restarting the economy to be able to create jobs and attract investments; and transitioning to the 'new normal' environment post-pandemic as outlined in the National Economic and Development Authority's ... more