‘According to the DBM, it also allocated a hefty amount in the 2023 national budget for climate-related expenditures.’

Photo: Bongbong Marcos | Facebook
In its first six months, the administration of President Ferdinand "Bongbong" Marcos Jr. has allocated five to six percent of the country's annual gross domestic product to infrastructure development, Malacañang said on Saturday.
Citing a Budget Department's report, the Office of the Press Secretary said the Marcos administration earmarked a significant percentage of the annual GDP under the "Build, Better, More" projects.
The report added that the Marcos administration has increased the budget for agriculture and healthcare.
"For the agriculture sector, the DBM said there was a significant increase in the sector's budget with the department doubling the allocation for major agricultural and fishery programs," the OPS said. "To provide Filipinos with better health services, the DBM released over P44 million to fund the development of the Marawi City General Hospital."
As mitigating the impact of climate change is also one of the advocacies of the President, the Department of Budget and Management supported the Department of Environment and Natural Resources' National Greening Program and the Department of Energy's Renewable Energy Development Program.
"According to the DBM, it also allocated a hefty amount in the 2023 national budget for climate-related expenditures," it said.
Also listed in the DBM's accomplishments this year is its aggressive digitalization in line with President Marcos' agenda.
Under its digitalization thrust, the DBM expanded its Action Document Releasing System and carried out the Unified Reporting System Encoding to its regional offices.
DBM also digitalized the Public Financial Management Program and the Learning Management System.
The Budget Department vowed to prioritize funding for the Progressive Budgeting for Better and Modernized Governance Bill, Budget and Treasury Management System, National Government Rightsizing Program and Maharlika Investment Fund.