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Ensuring transparency and accountability for unprogrammed funds

Business Mirror LogoBusiness Mirror14h ago

Ensuring transparency and accountability for unprogrammed funds - Business Mirror

Quick Summary:

The recent revelation that the government has inserted an additional P121.875 billion in unprogrammed funds into the 2024 national budget, pushing it to a record-high of P6.149 trillion, raises important questions about fiscal prudence and the prioritization of public spending.(Read the BusinessMirror story: "Unprogrammed funds bloat national budget,” December 13, 2024).

Excessive reliance on unprogrammed appropriations can lead to a lack of transparency, undermine the budgetary process, and potentially distort the allocation of resources away from more strategic planning.

While the infusion of funds for infrastructure and social programs is commendable, the long-term implications of this approach must be carefully considered.


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Article Details

Author / Journalist: BusinessMirror Editorial

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 16:02:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24444443

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 70 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

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The story "Ensuring transparency and accountability for unprogrammed funds" has 549 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Ensuring transparency and accountability for unprogrammed funds" was covered 14 hours ago by Business Mirror, a news publisher based in Philippines.

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Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news.

The outlet is headquartered in Philippines and publishes an average of 70 news stories per day.

It's most recent story was published 13 hours ago.

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  • URL: https://beamstart.com/news/ensuring-transparency-and-accountability-for-17343

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