Smaller 2018 DoF budget endorsed for House approval

The Committee on Appropriations of the House of Representatives has endorsed for congressional approval the P19.73-billion budget of the Department of Finance (DoF) for 2018, which decreased 16 percent from this fiscal year, setting an example for other government agencies to utilize their respective allocations efficiently.

Finance Secretary Carlos Dominguez 3rd said the 2018 budget of the DoF and its attached agencies dropped by P3.5 billion from 2017 because majority of the investment outlays and property, plant and equipment were already provided through this year’s budget.