The Department of Agriculture (DA) is aiming to secure a mere two-percent increase in its budget for next year to further strengthen the country’s long-term food security, but this could still be reduced given the country’s tighter fiscal space. Agriculture Secretary Francisco Tiu Laurel said...
Amid recent calamities that have battered the Philippines, the government’s calamity fund shed ₱1.7 billion in June, all of which was allocated to the Department of Social Welfare and Development (DSWD). As of June 30, 2026, the National Disaster Risk Reduction and Management Fund (NDRRMF)...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. There is one thing I have always appreciated about meeting people from different communities. No matter where the conversation begins, it eventually finds its way to the things that matter most in everyday life. The national budget is no...
The Office of the Ombudsman (OMB) on Tuesday, June 30, said it accepted former Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan as a state witness because his testimony is expected to strengthen its case against former House Speaker Martin Romualdez over alleged...
Think tank Capital Economics expects the Philippine economy to grow below the government’s downgraded targets over the next three years, warning that the country’s recovery would likely remain sluggish as weak confidence, tight fiscal policy, and the lingering impact of recent shocks weigh on...
The Marcos administration is proposing a record ₱7.2 trillion national budget for fiscal year 2027, an increase of six percent over the current year, as the government seeks to counteract an economic slowdown triggered by geopolitical conflict and domestic spending scandals. According to National...
No matter how complex government budget is, it must be made accessible and understandable for every Filipino, President Marcos said. The President made the remark on Friday, June 26, during the launch of the Centralized Open Monitoring Platform for Appropriations and Spending Statistics (COMPASS),...
The Asian Development Bank (ADB) has backed the Philippine government’s updated roadmap to overhaul how public funds are planned, spent, and monitored, saying stronger public financial management (PFM) systems are key to improving public services, strengthening resilience, as well as guarding...
Government agencies reported a dip in spending efficiency as of May, with the utilization of cash allocations slowing compared to the same period last year and leaving ₱260.8 billion in unused cash authority. Data from the Department of Budget and Management (DBM) showed that the overall...
Executive Secretary Ralph Recto has directed government agencies to accelerate the implementation of their 2026 budgets and finalize priority expenditures for next year in line with President Marcos ' push to improve public service delivery. Recto convened key Cabinet officials on June 22 for...
The Philippines’ more-than-three-decade-old devolution program remains incomplete, with local government units (LGUs) and national agencies continuing to share responsibilities for many basic services despite the 1991 Local Government Code (LGC), according to state-run policy think tank...
President Marcos’ economic managers are poised to lower the country 's economic growth targets as the lingering effects of state underspending, an infrastructure corruption scandal, and external inflationary pressures weigh down the near-term outlook. In an interview on TV5’s Money Talks,...
