DBM and NEDA Sign Joint Memorandum for Program Convergence Budgeting
Manila: The Department of Budget and Management (DBM) and the National Economic and Development Authority (NEDA) signed a joint memorandum circular to enhance the Program Convergence Budgeting (PCB) approach, aiming for efficient fiscal resource management. According to Philippines News Agency, DBM Secretary Amenah Pangandaman and NEDA Director General Arsenio Balisacan formalized the agreement at the DBM’s central office in San Miguel, Manila. The circular aims to institutionalize the PCB strategy within the budget process, ensuring a seamless planning-programming-budgeting continuum. It mandates compliance across departments and agencies, reinforcing the PCB’s integration in government planning. The memorandum directs relevant departments and agencies