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The Department of Budget and Management (DBM; Filipino: Kagawaran ng Badyet at Pamamahala) [1] is an executive body under the Office of the President of the Philippines.It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals.
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
www.neda.gov.ph. The National Economic and Development Authority (NEDA; Filipino: Pambansang Pangasiwaan sa Kabuhayan at Pagpapaunlad) is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the president of the Philippines as chairman of the NEDA board, with the ...
The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
The New Government Procurement Act of 2024, officially designated as Republic Act No. 12009, is a Philippine law that prescribes the necessary rules to address the lack of transparency and competition in government procurement, eliminate collusion and interference, and lessen the delay in the procurement process by creating the Government Procurement Policy Board (GPPB) and PhilGEPs.
Minister of Budget and Management: 1 Jaime C. Laya: June 12, 1978 January 12, 1981 Ferdinand Marcos [2] 2 Manuel Alba: January 25, 1981 February 25, 1986 3 Alberto Romulo: February 25, 1986 March 8, 1987 Corazon Aquino: Secretary of Budget and Management: 4 Guillermo Carague: March 13, 1987 February 12, 1992 Corazon Aquino [3] 5 Salvador ...
Executive Order No. 200 issued by President Corazon C. Aquino states "Laws shall take effect after fifteen days following the completion of their publication either in the Official Gazette or in a newspaper of general circulation in the Philippines". [5] On July 26, 2010, the online version of the Official Gazette was launched.