(Photo courtesy of PCO)
MANILA – The Department of Budget and Management (DBM) has reduced its proposed budget from Php 5.780 billion to Php 3.125 billion following a review of the agency’s expenditures and available government resources.
According to information released on October 23, the budget adjustment aims to ensure that public funds are allocated efficiently while taking into account the government’s current financial capacity.
The proposed reduction amounts to Php 2.655 billion, equivalent to approximately 45.9 percent of the original budget proposal.
The DBM said the adjustment followed an assessment of agency spending requirements, with emphasis on responsible fiscal management and the proper utilization of government funds.
The move reflects the department’s efforts to align its proposed expenditures with available resources while maintaining fiscal discipline.
The revised proposal is expected to undergo the applicable budget review and approval process before implementation.
