The Department of Budget and Management (DBM) has released 88.7 percent of the government’s full-year 2024 budget as of end-May, the agency’s data showed.
According to data posted on its website, the DBM has released P5.11 trillion of the P5.77 trillion 2024 full-year program as of May 31.
The remaining balance for the year is P633.08 billion.
Allotment releases to departments as of May 2024 amounted to P3.42 trillion, or 97.6 percent of the 2024 program.
These include funds allocated for agencies in the executive branch, congress, the judiciary and other constitutional offices.
Releases from special purpose funds (SPFs) amounted to P258.43 billion, or 50.9 percent of the full-year program, the DBM data showed.
SPFs are budgetary allocations in the General Appropriations Act allocated for specific socio-economic purposes such as budgetary support to government corporations, allocation to local government units, contingent fund, miscellaneous personnel benefits fund, national disaster risk reduction and management fund as well as pension and gratuity fund.
Allotment releases for automatic appropriations, or appropriations programmed annually or for some other period prescribed by law, amounted to P1.33 trillion, or 75.4 percent of release over program.
These include the 2024 program for retirement and life insurance premium requirements, national tax allotment, block grant, pension of ex-president/ex-president widows, special account in the general fund, net lending, interest payments and tax expenditures fund/customs duties and taxes.
