The Department of Budget and Management (DBM) has identified P238 billion in available funds to support the government’s response to the global oil crisis under President Marcos’ directive.
The funding will be used for targeted interventions such as fuel subsidies for transport operators, assistance to farmers and fisherfolk, and social protection programs.
At least P2.5 billion in fuel subsidies and P1 billion for service contracting are already being implemented.
To create additional fiscal space, the government is also enforcing a 20 percent cut in non-essential spending, expected to generate up to P25.6 billion in savings.
DBM assured that essential services like health, education, and social protection will remain fully protected despite the austerity measures.
Source: PhilNews24 | April 11, 2026
DBM SECURES P238 BILLION FOR MEASURES TO ADDRESS OIL CRISIS
Latest from News
The Philippine Coast Guard (PCG) activated a new command center in the Kalayaan Island Group on
The Department of Transportation (DOTr) will launch its revamped Net Service Contracting Program on April 15
The Department of Education (DepEd) has allowed school-based personnel to work from home every Friday during
The Supreme Court dismissed the petition of detained contractor Sarah Discaya challenging the Ombudsman’s finding of
The Philippine National Police (PNP) reported that over 48,000 people were apprehended in Metro Manila during