The Department of Budget and Management (DBM) released Budget Circular No. 2024-3 on October 22, titled "Amending Section 6.1 of Budget Circular No. 2016-4 on Payment of Year-End Bonus and Cash Gift."
The changes to Section 6.1 of BC No. 2016-4 authorize the disbursement of a year-end bonus for government employees, equal to one month of their basic salary as of October 31. Additionally, a cash gift of Php 5,000 will be provided. These payments will be made "simultaneously with the first agency payroll for November of the current year," contingent upon certain conditions.
DBM Secretary Amenah F. Pangandaman explained that the amendment is in response to ongoing delays experienced by government workers in receiving their bonuses and cash gifts. These delays have been noted to negatively impact their morale, motivation, and overall job satisfaction.
Read more: https://bit.ly/4hmn9bG
Read more: https://bit.ly/4hmn9bG
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Payment of 2024 Year-End Bonus and Cash Gift
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October 25, 2024
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October 25, 2024
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