Let the Christmas “cash flow” begin.
“The Department of Budget and Management (DBM) announced that government employees will get the remaining half of their 13th month pay and cash gift starting this week,” reports ABS-CBNnews.com.
Government employees already received half of their 13th month pay and cash gift last May.
The report noted: “Under Budget Circular 2010-1, which was first issued on August 28, 2010, government personnel are entitled to a year-end bonus equivalent to a month’s pay, as well as a cash gift of PHP5,000.”
DBM Secretary Butch Abad noted that the budget for the 13th month pay was already released at the very start of the year as part of the General Appropriations Act.
Aban explained, “The General Appropriations Act-as-release-document ensures that funds are sufficiently available to the agencies from the very start, so that they can roll out the year-end bonuses and cash gifts at the appropriate time.”
Photo: Tourism.gov.ph
