DBM releases P69.4B for year-end bonus, cash gifts for qualified gov't employees
DBM releases P69.4B for year-end bonus, cash gifts for qualified gov't employees
Category
🗞
NewsTranscript
00:00 The Department of Budget and Management had already released a total of 69.4 billion pesos
00:05 year-end bonus or YEB in cash gift for all qualified government employees starting today,
00:12 November 15.
00:13 The YEB is equivalent to one month of basic pay as of October 31, while the cash gift
00:19 is worth 5,000 pesos.
00:22 Eligible government personnel must have rendered at least four months of service from January
00:27 1 to October 31 and remained in government service as of October 31 to receive the bonuses.
00:34 The DBM has allocated 45.3 billion pesos for the YEB of civilian personnel and 15.2 billion
00:42 pesos for military or uniformed personnel in national government agencies.
00:47 8.9 billion pesos was allocated for the CG of over 1.7 million civilian and military
00:55 personnel.
00:56 President Ferdinand R. Marcos Jr. expressed gratitude to the government workforce for
01:01 their dedication and urged them to strive for a better future for the country.