THE Department of Budget and Management (DBM) has introduced a new budgetary system, the Two-Tier Budgeting Approach (2TBA), which will free up P581 billion for expanded and new programs and projects in 2016, an election year.
In a statement released on Thursday, Budget Secretary Florencio Abad said the new approach will give more room in the 2016 budget for new socio-economic programs.
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