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The budget for fiscal year 2020 ran from October 1, 2019 to September 30, 2020 and had a deficit of $3.132 trillion. It included funding for the COVID-19 pandemic, the Mexico–United States barrier, and science research, among other initiatives.
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 ...
Learn about the history, functions and organization of the DBM, an executive body under the Office of the President of the Philippines. The DBM is responsible for the sound and efficient use of government resources for national development and socio-economic and political goals.
Learn how the President of the United States submits a budget request to Congress each year, which is the first Monday in February. The budget request includes funding requests for all federal executive departments and independent agencies, and is followed by a budget resolution and appropriations bills.
Learn about the three levels of local government units (LGUs) in the Philippines: provinces, cities, municipalities, and barangays. Find out how they are organized, governed, and funded, and how they relate to the national government and the autonomous region of Bangsamoro.
Learn about the history, types, and recipients of US foreign aid, which is used to support American national security and commercial interests and humanitarian causes. The US spends the most on foreign aid of any country, but as a percent of GDP, ranks near the bottom compared to other developed countries.
Learn about the standing committee of the Philippine House of Representatives that oversees the national government's expenditures. See its jurisdiction, leadership, membership, and website.
The Philippine Senate Committee on Finance is a standing committee of the Senate of the Philippines. ... of the national government and for the payment of public ...