The Department of Budget and Management (DBM; Filipino: Kagawaran ng Badyet at Pamamahala)[1] is an executive body under the Office of the President of the Philippines.

At the beginning of the 20th century, the Second Philippine Commission, acting as a legislative body, enacted appropriations measures for the annual expenditures of the government.

This was in accordance with the Philippine Bill of 1902, which decreed that disbursements from the national treasury were to be authorized only in pursuance of appropriations made by law.

Two years later, the Council of the State was formed to prepare the budget that the governor-general was required to submit to the Philippine Legislature.

The Constitution of 1935 established both budget policy and procedure, which were amplified in a series of laws and executive acts over the years.

The legislative branch of the government then referred to as the Batasang Pambansa, saw the minister in charge of the budget, chairing the Committee on Appropriations and Reorganization.

At the outset of Joseph Estrada's presidency, the Asian financial crisis that characterized the period prompted the national leadership to take a second look at the country's economic policies and strategies.

To maintain macroeconomic stability in light of the effects of the economic turmoil, the government had to raise domestic demand by sustaining expenditures and pump-priming the areas of public infrastructure and social services.

Under President Gloria Macapagal Arroyo, the DBM focused its efforts on deepening fiscal responsibility, enhancing the efficiency of public expenditures, and promoting good governance.

In the evening of the same day, the entire DBM family went to the Philippine International Convention Center in Pasay for a grand ball in honor of the department's service to the country.