Senate finance panel approves DBM’s P3.1-B budget for 2027
MANILA, Philippines — The Senate finance subcommittee approved the proposed P2.9-billion 2027 budget of the Department of Budget and Management (DBM) and its attached agencies on Thursday.
The endorsement covers the agency’s lump-sum funds, budgetary support for government-owned and controlled corporations, and allocations to local government units.
READ: Making sense of the 2027 national budget
Article continues after this advertisement
Budget Secretary Kim Robert De Leon said the DBM’s proposed budget under the National Expenditure Program was reduced from P5.486 billion to P2.9 billion, but he assured senators that no public service would be adversely affected by the cut.
FEATURED STORIES
NEWSINFO
NEWSINFO
NEWSINFO
“This is the classic example of DBM practicing what it preaches,” De Leon said.
“We have some continuing appropriations that we are recalibrating and even the implementation of the projects. But one thing we can assure the chamber is that no service will be adversely affected by a lower budget allocation. We are just spending more efficiently, revisiting whether we really need these items,” he explained. /mcm
KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.