00:00Funding for projects under the Philippine Development Plan 2023-2028 will be stricter.
00:07This is to ensure proper funding for government priority projects.
00:12PTV's Denise Osorio has news for the country.
00:18The Department of Budget and Management, or DBM, and the National Economic and Development Authority, or NEDAN,
00:24approved on March 6 the Joint Memorandum Circular on the effective allocation of funds for priority programs under the Philippine Development Plan, or PDP, 2023-2028.
00:36We emphasize that the institutionalization of the PCB is not merely procedural,
00:42but we seek concrete actions to break down silos, ensure efficient budget allocation,
00:48and effectively rationalize overlapping and redundant programs, activities, and projects.
00:55By bringing together programs and initiatives from across different government units,
01:01we are creating a unified and cohesive plan to address the needs of our people.
01:06Based on the JMC, the Program Convergence Budgeting Steering Committee, or PCBSC,
01:12will be established to ensure that the PCB meets all government requirements.
01:18It will be led by the NEDA Secretary and co-chaired by the DBM Secretary.
01:22According to NEDA Secretary Arsenio Balisacan,
01:25the budget must be tightened to ensure that projects under the PDP 2023-2028 are properly allocated.
01:32By tightening the links between planning, programming, and budgeting,
01:37PCB plays a critical role in ensuring that scarce public resources are effectively allocated towards programs, activities, and projects
01:50that align closely with the President's socioeconomic agenda and with our national development strategies and goals.
01:59Tourism in the Philippines has already recovered.
02:02In January alone, tourism revenues reached more than P65 billion.
02:07That's higher than 136.1% of pre-pandemic or January 2019, which is almost P47 billion.
02:16The earnings came from various activities, products, and services related to tourism.
02:23According to the Department of Tourism, the recovery of tourism from the pandemic will provide jobs to many Filipinos.
02:30According to DOT, almost 1.2 million visited the Philippines in the first two months of 2025.
02:37From PTV Manila, Denise Osorio, for Balitang Pambansa.
