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
President Ferdinand Marcos Jr. launched the nationwide expansion of the School-Based Feeding Program (SBFP) in Bulacan
Ateneo de Manila University President Fr. Roberto Yap, SJ, apologized anew to the families of student-athletes
Malacañang said qualified government employees are expected to receive their Fiscal Year 2024 performance-based bonus earlier
The Metropolitan Manila Development Authority (MMDA) urged mall operators to open their parking facilities for overnight
A Cebu court allowed contractor Sarah Discaya to post P1 million bail in connection with the