Philippine Government Allots 20.9% of ICT Budget for Cybersecurity Projects

Feb 2024

The Department of Budget and Management (DBM) in the Philippines is prioritizing cybersecurity as part of its digitalization efforts, allocating 20.92% of its PHP 2.5 billion (USD 44.6 million) ICT budget for cybersecurity projects.

This commitment, announced by DBM Secretary Amenah Pangandaman during a cybersecurity conference, exceeds the internationally recommended standard of 10%. The move aims to fortify cyber cooperation for digital security in the fast-paced and interconnected modern world.

According to Stratbase Institute President Dindo Manhit, such investments in cybersecurity will enhance the country’s appeal to investors, providing a strategic and competitive advantage in the digital economy.

(Source: Philippine Daily Inquirer)

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