Use it or lose it, Andaya says of funds

LEGAZPI CITY—Under a new policy of the Department of Budget and Management, a government agency should fully expend its monthly budget or the DBM would take the money back.

“Use it or lose it,” in short, is the new policy on fund releases this year, Budget Secretary Rolando Andaya Jr. said during a Philippine economic briefing held in Naga City last week.

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