DBM to propose P4.2T budget for 2020; to push cash budgeting

MANILA, Philippines -- The Department of Budget and Management (DBM) is on track to submit for Congress' approval the proposed record P4.1-trillion 2020 national budget by July even as it was still studying if shifting to a fully cash-based system is the way to go. DBM Officer-in-Charge Janet B. Abuel told reporters last Friday that next year's budget will be submitted to the incoming 18th Congress on the day of President Duterte's fourth State of the Nation Address (Sona) or a day after it. Asked if next year's budget will be cash-based, Abuel replied: "We're pushing cash budgeting, but we're studying the transition. Let's see what will happen in 2019, then let's see if there'...

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