The Philippines: Marcos names BSP official as DBM chief

  • PRESIDENT-ELECT Ferdinand “Bongbong” R. Marcos, Jr. is tapping another central bank official for his Cabinet, this time Bangko Sentral ng Pilipinas (BSP) Assistant Governor Amenah F. Pangandaman to head the Budget department.
  • Mr. Marcos’ spokesperson Rose Beatrix “Trixie” Cruz-Angeles said that Ms. Pangandaman will be appointed as secretary of the Department of Budget and Management (DBM).
  • Ms. Pangandaman served as DBM undersecretary and assistant secretary during BSP Governor Benjamin E. Diokno’s stint as Budget secretary.
  • In a statement, Ms. Pangandaman identified the modernization of the budget system and incorporation of sustainability principles in government spending as her key priorities under the Marcos administration.
  • The DBM is responsible for the preparation of the national budget. The outgoing Development Budget Coordination Committee (DBCC) has already said the proposed 2023 national budget is pegged at PHP5.268tr, representing 22.1% of gross domestic product.
  • Mr. Marcos earlier said he would work closely with the incoming 19th Congress for the speedy passage of the national budget, which analysts say would determine the strength of the Philippines’ economic recovery.
  • Ms. Cruz-Angeles also announced information technology expert Ivan John Uy will head the Department of Information and Communications Technology (DICT).
  • Mr. Uy had served as chair of the Commission on Information and Communications Technology under the administration of the late Benigno S.C. Aquino III.

External Link :