Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

ATT Global Taps For Metas to Advance Web3 Ecosystem

16/09/2025

Likwid.Fi Partners with RabitAI to Unlock DeFi Lending/Derivatives Trading Potential

16/09/2025

JPMorgan Says Fed Won’t Cut Interest Rates in September, Explains Why!

16/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum ETF Frenzy Pushes Investors Toward This New Small-Cap

    16/09/2025

    Ether could see the ‘biggest bear trap’ this month: Analysts

    15/09/2025

    Ethereum Whale Cashes Out Millions in DAI After Price Rally: $13.2 DAI Earned

    15/09/2025

    can $4,300 support prevent a deeper correction?

    15/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    Twerk From Home Aims to Become the UFC of Exotic Dancing—With a Crypto Boost

    13/09/2025

    Crypto.com Launches Champions Collection With UEFA Experiences and Final Tickets Up for Grabs

    12/09/2025

    ATT Global Taps For Metas to Advance Web3 Ecosystem

    16/09/2025

    Likwid.Fi Partners with RabitAI to Unlock DeFi Lending/Derivatives Trading Potential

    16/09/2025

    JPMorgan Says Fed Won’t Cut Interest Rates in September, Explains Why!

    16/09/2025

    Philippine lawmakers push blockchain budget bills in House

    16/09/2025
  • Blockchain

    ATT Global Taps For Metas to Advance Web3 Ecosystem

    16/09/2025

    Philippine lawmakers push blockchain budget bills in House

    16/09/2025

    Blockchain-based satellite telecom is solving the global digital divide

    16/09/2025

    Boundless Launches Mainnet on Base, Ushering in Universal Zero-Knowledge Compute

    16/09/2025

    American Express Ventures into Web3 Rewards on Base

    16/09/2025
  • DeFi

    Likwid.Fi Partners with RabitAI to Unlock DeFi Lending/Derivatives Trading Potential

    16/09/2025

    Maple Expands to Plasma with Launch of syrupUSDT, Backed by Tether

    16/09/2025

    Symbiotic teams with Chainlink, Lombard for cross-chain Bitcoin security

    16/09/2025

    TVL on Pumpfun’s DEX PumpSwap Breaks New High Above $330M

    16/09/2025

    DeFi, crypto lending markets have overcome 2022 chaos, Aave founder claims

    16/09/2025
  • Metaverse

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025
  • Regulation

    JPMorgan Says Fed Won’t Cut Interest Rates in September, Explains Why!

    16/09/2025

    WFE urges regulators to clamp down on tokenized stocks

    16/09/2025

    Decentralized Science Project Aubrai Launches on Base to Tackle Science Funding’s ‘Valley of Death’

    16/09/2025

    Canary Capital Files For “Made-in-America” ETF Amid Rising ETF Push

    16/09/2025

    The Reason for the Crypto Market’s Decline Revealed! Five-Year-Old Active Bitcoin Whales Sell Largely! Here Are the Details

    16/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Pay enters South Africa’s checkout lanes through Zapper tie-up

    15/09/2025

    Binance Warns Crypto Projects Against Listing Scams: Details

    15/09/2025

    Revolut Secures UAE Nod for Payments Business, Eyes Regional Expansion

    15/09/2025

    Prediction Market PredictIt Launches in October—Here’s What to Expect

    15/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Undeads Games TVL Reached $30M+

    12/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Bitcoin’s Computing Muscle Flexes Harder

    13/09/2025

    Ethiopia is Turning Hydropower Into Bitcoin Mining

    13/09/2025

    Impressive 375 BTC Mined in August

    13/09/2025

    Coinbase-backed petition pushes UK on blockchain and stablecoin policy

    15/09/2025

    China Imposes New Cryptocurrency Bans! Here Are the Details…

    15/09/2025

    Input Output Joins CryptoUK to Help Shape UK’s Digital Asset Future

    15/09/2025

    CFTC Nominee Brian Quintenz tells all in Winklevoss twins fight

    15/09/2025

    ATT Global Taps For Metas to Advance Web3 Ecosystem

    16/09/2025

    Likwid.Fi Partners with RabitAI to Unlock DeFi Lending/Derivatives Trading Potential

    16/09/2025

    JPMorgan Says Fed Won’t Cut Interest Rates in September, Explains Why!

    16/09/2025

    Philippine lawmakers push blockchain budget bills in House

    16/09/2025
  • MarketCap
NBTC News
Home»Blockchain»Philippine lawmakers push blockchain budget bills in House
Blockchain

Philippine lawmakers push blockchain budget bills in House

NBTCBy NBTC16/09/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Several proposals in the House of Representatives seek to put the Philippine national budget on the blockchain, a move supporters say will open government spending to real-time public scrutiny.

Rep. Javier Miguel “Javi” Benitez of Negros Occidental’s 3rd District has filed House Bill 4380, the “Blockchain the Budget Act,” which would record every peso of the national budget on a blockchain ledger. The measure mirrors Senate Bill 1330 earlier filed by Sen. Paolo Benigno “Bam” Aquino IV.

“I have filed House Bill 4380, or the ‘Blockchain the Budget Act’, to place the entire Philippine national budget on a blockchain ledger, a secure digital record where every transaction is permanent and tamper-proof. The goal is to make every peso publicly traceable and visible in real time, so that citizens, watchdogs, and lawmakers can independently verify where funds go, down to the project, agency, and centavo,” Benitez said in a Facebook post.

“If passed, this measure would make the Philippines a pioneer in open-budget governance, proving that modern technology can fight corruption, strengthen accountability, and give the people clear access to how public money is spent,” he added.

Benitez stressed that his proposal complements Aquino’s Senate version, aligning both chambers toward what he described as “open-budget governance.”

Source: Javi Benitez/Facebook

Poe backs transparency through blockchain

Rep. Brian Poe Llamanzares, representing the FPJ Panday Bayanihan Partylist and serving as Assistant Majority Leader, filed his own version on September 9. House Bill 4489, formally titled “An Act Mandating the Establishment and Implementation of a National Budget Blockchain System to Enhance Transparency, Accountability, and Public Participation in the Philippine Budget Process,” calls for a blockchain platform for budget tracking.

Poe, also a trustee of the Blockchain Council of the Philippines (BCP), said the system would make allocations and expenditures immutable and publicly accessible. His proposal mandates the creation of a National Budget Blockchain System under the supervision of the Department of Information and Communications Technology (DICT), the Department of Budget and Management (DBM), and the Commission on Audit (COA).

Under Poe’s proposed bill, all budget transactions would be entered as digital public assets on the blockchain, with a public portal accessible to citizens, watchdog groups, and oversight bodies.

FPJ Panday Bayanihan Partylist Rep. Brian Poe Llamanzares. (Source: Brian Poe Llamanzares/Facebook)

Barba pushes for wider government adoption

Rep. Angelo Barba of Ilocos Norte earlier filed House Bill 4075. His proposal goes beyond the national budget and aims to institutionalize blockchain use across several areas of government.

The measure calls for a phased rollout of blockchain in procurement, record-keeping, financial transactions, licensing, permits, and citizen registries. Under the plan, the DICT and other agencies would draft implementing rules.

Barba argued that adopting blockchain technology would bring the Philippines in line with governments worldwide experimenting with similar systems. He noted that blockchain’s tamper-proof and verifiable nature could reduce opportunities for corruption, prevent delays, and improve efficiency in service delivery.

Senate counterpart and broader context

The push in the House builds on Aquino’s Senate Bill 1330, which seeks to create a National Budget Blockchain System. Aquino earlier said the bill was designed to “modernize budget transparency and accountability” and make budget documents easier to access and understand.

Aquino pointed out that while the national budget is one of the most important tools of governance, it has often remained technical, inaccessible, and difficult to review. Blockchain, he argued, could ensure that “no more hidden projects unknown to local governments” escape oversight, while allowing price comparisons across contracts.

The Senate version also envisions real-time public portals that would allow anyone, from citizens to civil society groups, to track government spending.

Reform momentum in Congress

With Benitez, Poe, and Barba filing separate but related proposals, the House now has at least three measures advocating blockchain use in governance. All remain pending in committees but reflect growing momentum in the Philippine Congress to integrate emerging technologies into state processes.

Proponents believe that by recording the national budget on a tamper-proof digital ledger, corruption risks can be reduced, accountability strengthened, and citizens empowered to monitor projects and spending.

Benitez stressed in his post that blockchain’s potential lies in its ability to make public funds traceable “down to the project, agency, and centavo.” Poe framed his bill as part of wider transparency and participation reforms, while Barba presented his measure as a step toward aligning the Philippines with global practices.

For now, the bills will undergo committee deliberations. If approved, they will move to plenary debates before a possible bicameral reconciliation with Aquino’s Senate proposal.

Watch: eGov super app opens the best opportunities for Philippines

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

ATT Global Taps For Metas to Advance Web3 Ecosystem

16/09/2025

Blockchain-based satellite telecom is solving the global digital divide

16/09/2025

Boundless Launches Mainnet on Base, Ushering in Universal Zero-Knowledge Compute

16/09/2025

American Express Ventures into Web3 Rewards on Base

16/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

ATT Global Taps For Metas to Advance Web3 Ecosystem

16/09/2025

Likwid.Fi Partners with RabitAI to Unlock DeFi Lending/Derivatives Trading Potential

16/09/2025

JPMorgan Says Fed Won’t Cut Interest Rates in September, Explains Why!

16/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.