Close to 2 million government workers are expected to benefit from the unprogrammed appropriations that will be funded by the idle and unused funds of government-owned and controlled corporations (GOCCs), with a total of 67.
Close to 2 million government workers are expected to benefit from the unprogrammed appropriations that will be funded by the idle and unused funds of government-owned and controlled corporations , with a total of 67.6 billion pesos to be utilized to cover salary increases and benefits of the country’s civil servants.
Forty billion pesos will be allocated for the roll out of salary increases of 1,820,610 government employees. The DBM earlier announced that the first part of the four-tranche salary increase for national government employees will commence this year, retroactively from January 2024. This will be followed by yearly salary adjustment starting January 2025 until January 2027.
A total of 27.6 billon pesos, on the other hand, will be used to cover the payment of government personnel benefits. The amount appropriated herein shall be used to cover the requirements for the payment of personnel benefits, such as but not limited to, compensation adjustments, staffing modifications, and the grant of Performance-Based Bonus for personnel of National Government Agencies.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DBM bares P203B worth of projects to be funded by excess PhilHealth, GOCCs fundsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Excess PhilHealth, GOCC funds to bankroll gov’t workers salary hike, benefits —DBMLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
GOCC’s idle funds to help spur growth, prevent new taxes, reduce gov’t loans -- SalcedaDefining the News
Read more »
GOCCs received lower gov’t subsidies in first half—TreasuryDefining the News
Read more »
Subsidies to GOCCs hit P10.6BSUBSIDIES to government-owned and -controlled corporations (GOCCs) fell in June compared to a year earlier, Treasury data showed.
Read more »
PHAPi slams PhilHealth excess funds transfer, cites unpaid claims in private hospitalsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »