DBM releases P2.85B MUP 2018 differential

The Department of Budget and Management (DBM) on Saturday said a total of P2.85 billion was released to various agencies to cover the one-month equivalent of the 2018 pension differential of retired military and uniformed personnel (MUP).

In a statement, the DBM said that the initial release will benefit retired members of the Armed Forces of the Philippines (AFP), Philippine National Police (PNP), Bureau of Fire Protection (BFP), Bureau of Jail Management and Penology BJMP), Philippine Coast Guard (PCG) and National Mapping and Resource Information Authority (NMRIA).

According to the DBM, at least P34.2 billion is needed to cover the 2018 pension differential of retired MUP.

“This leaves a balance of P31.35 billion which is yet to be released subject to the availability of funds and in compliance with applicable rules and regulations. Rest assured that the DBM will immediately evaluate and process all special budget requests after satisfying the requirements for the current regular pension and pension arrears as validated by the Commission on Audit,” the DBM said.

This leaves a balance of P31.35 billion which is yet to be released subject to the availability of funds and in compliance with applicable rules and regulations.

It also said that of the total P2.85 billion released by the agency, P1.5 billion was allocated to the AFP, P1.5 billion to the PNP, P91.7 billion for BFP, P5.7 million for BJMP, P28 million for PCG and P612 million for NMRIA.

“The DBM is committed to fulfill its mandate of promoting the efficient and effective management of the national budget to support its budget priorities while also ensuring that the needs of the Filipino people, especially of all military and uniformed personnel, are met,” the agency added.