LOOK: DBM provides around ₱17 Billion Budget for the Salary Increase of Government Employees in 2024

The Department of Budget and Management (DBM) has alloted ₱16.95 Billion to cover the salary increase of government employees starting next year (2024).

“We have allotted P16.95 Billion in the FY (Fiscal Year) 2024 MPBF to support the compensation adjustment that may be pursued starting next year,” DBM Secretary Amenah Pangandaman said in a statement.

The salary adjustment may range from 2% to 8% based on the monthly salaries of different positions in the national government. It is noted that this year (2023) is the last tranche of the Salary Standardization Law (SSL) of 2019.

“When it comes to implementing another round of increases, binigyan po kami ng direktiba ni President Bongbong Marcos na magsagawa ng study para masiguro na ang compensation ng lahat ng ating mga civilian government personnel ay maging generally competitive kumpara sa mga nagtatrabaho sa private sector,” said Pangandaman.

The main goal of the salary increase, just like in previous SSLs, is to encourage more people to join the government workforce and of course to give premium to the existing workforce so that they will stay in the government and they will perform better.

As with other proposed national budget, this salary increase will still be deliberated in the Congress as part of the authorization process and to the Office of the President for final approval.

We’ll keep you posted.