3 weeks DBM: Over 95% of 2020 budget released Manilatimes |Biz
The Department of Budget and Management (DBM) has released more than 95 percent of this year’s national budget as of end-August. Data from Budget department showed on Friday that P3.92 trillion, or 95.7 percent, of the P4.10-trillion outlay had been released in the first eight months of the year. This compares with the 94 percent or P3.85 trillion released at end-July and the 91.4 percent or P3.34 trillion at end-August 2019. Of the total released in January to August, P2.12 trillion went to line departments, which include funds allocated to agencies in the executive branch, Congress, the judiciary and ... more