The Duterte administration’s budget deficit fell below ceiling last year driven mainly by higher than expected revenues as well as slightly below programmed spending, the Bureau of the Treasury reported. Data from the Treasury bureau showed Tuesday, March 1, that the national government incurred...
Senator Panfilo ‘Ping’ M. Lacson intends to equip the members of the Armed Forces of the Philippines (AFP) with more military technology as the future of warfare is going to get more digital and electronic. Lacson, Partido Reporma chairman and standard-bearer, revealed this plan in a public...
Presidential candidate Senator Panfilo "Ping" M. Lacson on Friday, Feb. 25 said keeping the national budgets for the coming years fat-free would be crucial in helping the country recover from the effects of the COVID-19 pandemic. Lacson stressed this as he voiced his support for the National...
Gov’t readies ‘targeted assistance’ as oil prices rise By Chino S. Leyco Amid calls to suspend taxes on petroleum, President Duterte’s economic managers announced that the government will instead provide targeted relief assistance and support to sectors affected by the skyrocketing oil...
Debt-watcher Fitch Ratings expects the ratio between the country’s economic output and the government’s budget deficit would remain above its pre-pandemic levels next year. Fitch Ratings said the government’s fiscal deficit-to-gross domestic product (GDP) ratio, a closely watched indicator of...
DBM releases P7.9-B for HCW allowances By Chino S. Leyco The Department of Budget and Management (DBM) has released nearly P8 billion to the new compensation system that replaced the special risk allowances given to healthcare workers (HCWs) In a statement, the DBM said on Thursday, Feb. 17, that...
The current P5.024-trillion national budget for 2022 will provide a 10-figure subsidy to several government-owned coronavirus disease (COVID-19) treatment hospitals in Quezon City. Quezon City mayoralty bet, Anakalusugan Party-list Rep. Mike Defensor (Photo from Mike Defensor's Facebook) According...
The Duterte administration registered a strong fiscal performance last year that enabled the government to maintain macroeconomic stability and helped maintain investor confidence, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil S. Beltran said as he pointed out...
The Department of Budget and Management (DBM) announced that the national government has released another tranche of Special Risk Allowance (SRA) for public and private healthcare workers (HCWs). In a statement, the budget department said on Friday, Jan. 21, that an additional funding amounting to...
Paranaque City Mayor Edwin Olivarez signed an ordinance appropriating a P10-billion budget for the operating expenditures of the city government this year. He also signed a measure regulating the movements of unvaccinated individuals under the alert level system. The two ordinances were passed by...
The domestic garment and textile industry has urged government to support companies that repurposed towards producing medical grade personal protective equipment (PPEs) , stockpiling of PPEs, and stop the importation of substandard PPEs, to help jobs recovery in the industry. Nurses in PPEs The...
The Department of the Interior and Local Government (DILG) will no longer hire contact-tracers this year, citing a cut in the budget of the department as the reason. In an interview over ANC, DILG Undersecretary Jonathan Malaya stated that the agency is facing an uphill battle as the budget for its...
