Fuel crisis: Cutting non-essential gov’t spending may save P25.6B – DBM

MANILA, Philippines — The Department of Budget and Management (DBM) sees savings of up to P25.6 billion from non-priority government programs that could be rechanneled to fund key responses to the oil shock, which has driven fuel prices higher. Budget Secretary Rolando Toledo recommended that government agencies cut “non-essential” spending by at least 20%, potentially

By mmercado