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DBM approves the release of P335M of BARMM’s share in taxes, other fees

MANILA -- Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman on November 7, 2022, approved the release of the share of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) in taxes collected within the BARMM amounting to P335,815,961.00.

“The release of funds means more development projects to be implemented for the people and government of BARMM. This is important in their exercise of their right to self-governance,” DBM Secretary Amenah F. Panganadaman said.  

Republic Act No. 11054, or the Organic Law for the BARMM, states that the National Government shall have 25% distribution of share of taxes while the Bangsamoro Government shall have 75% distribution of share of taxes, inclusive of the shares of the constituent local government units (LGUs), provided that for the first ten years from the effectivity of the said law, the 25% share of the National Government shall accrue to the Bangsamoro Government.

Pangandaman added, “As a fellow Muslim, I am happy that in my capacity as Budget Secretary, I have the opportunity to champion programs for BARMM and Mindanao. As mentioned, the DBM will continue to help BARMM, in every way we can, in their transition process,” Sec. Pangandaman added.

Secretary Pangandaman has earlier vowed to promote inclusive development in Mindanao. She is the only Muslim member in the cabinet of President Ferdinand Marcos, Jr. (DBM)

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