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Gov’t agencies told to cut spending amid oil crisis
April 26, 2026
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Posted 3 hours ago by
THE DEPARTMENT of Budget and Management (DBM) has ordered government agencies to cut spending and defer selected projects to free up funds to cushion the impact of the Middle East conflict. In National Budget Circular No. 602, issued on April 23, the DBM directed state entities to adopt “economy measures” following the declaration of a []
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