Cutting unnecessary gov't spending saves P25.6B for fuel crisis aid

MANILA, Philippines — Savings totaling up to P25.6 billion from non-essential government programs could be rechanneled to fund key responses to the fuel crisis, according to the Department of Budget and Management (DBM). Budget Secretary Rolando Toledo recommended that government agencies cut “non-essential” spending by at least 20%. He added that it could potential freeing P12.8 billion to P25.6 billion from March to December for aid measures such as subsidies and social protection programs. “We are coordinating with various agencies to check their specific, critical MOOE (Maintenance and Other Operating Expenses) requirements to further refine our assumptions with the objective […]... Keep on reading: Cutting unnecessary gov't spending saves P25.6B for fuel crisis aid

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