86% of 2024 budget released as of end-April

86% of 2024 budget released as of end-April;   Gov’t grants P6.8-B GOCC subsidies;   Maynilad Water interruption expected

Transcript

00:00Maynilad customers in several parts of Quezon City,

00:03Las Piñas City and Parañaque City are expected to experience water service interruptions.

00:09These and other stories for tonight's business wrap-up by Charms Espina.

00:15The Department of Budget and Management or DBM reported the government has released 4.96

00:20trillion pesos of the budget as of end April. This represents 86 percent of the 2024 national

00:26budget. Moreover, the agency said around 809.16 billion remains undistributed.

00:33The Bureau of the Treasury reported the subsidies provided to government-owned

00:37and controlled corporations or GOCCs dropped to 36.3 percent in March this year. Data show

00:43the financial support to GOCCs fell to 6.872 billion pesos in March from 10.795 billion

00:50pesos registered in the same month last year. Water concessionaire Maynilad Water Services

00:56announced several parts of Las Piñas City and Parañaque City are included in the list

01:01to be affected by water service interruptions due to decommissioning and diagnostics.

01:05The water service interruptions began at 6 p.m. yesterday in the barangays of Almanza 1,

01:11CA, Manuyo 2, and Pulanglupa 2 in Las Piñas, while the service intermissions are expected

01:18in Almanza 1 and BF Homes in Parañaque on Tuesday. Furthermore, some barangays in

01:23Quezon City are expected to experience water service interruptions tonight due to pressure

01:28tests. This is Sharmza Espina from the National TV Network for a new and better Philippines.