Increased revenue haul allowed the Duterte administration to narrow its budget deficit in May this year, the Bureau of the Treasury reported on Tuesday, June 22. The national government trimmed its budget gap by 0.91 percent to P200.3 billion from P202.1 billion in May last year after revenue...
Senator Nancy Binay on Tuesday, June 22 said government should tell the public what is keeping it from disbursing available funds that are supposed to be used to effectively combat the impact of the coronavirus (COVID-19) crisis. Binay pointed out that the government has at least three sources of...
For the sake of transparency, the government is prepared to explain its coronavirus vaccination efforts before a Senate inquiry on Tuesday, June 15. Finance Secretary Carlos Dominguez III gives President Rodrigo Duterte an update on the funds used for the COVID vaccination program on June 14, 2021...
Senate Minority Leader Franklin Drilon on Sunday called on the government to provide for a full accounting of the P82.5-billion worth of coronavirus (COVID-19) vaccine procurement budget before it asks for additional funds. Drilon said it is necessary for the government to be more transparent about...
The government may not have enough funds to cover the back wages of thousands of government nurses for now, Malacañang admitted Tuesday following a reversal of a budget circular that affected the health workers' pay status. President Spokesman Harry Roque (File photo/Malacañang) According to...
The national government plans to trim the budget deficit in the third- and fourth-quarters of the year after ramping up spending in the second-quarter, data from the Department of Budget and Management (DBM) showed. Under the 2021 fiscal program released by the DBM on Tuesday, June 8, the...
Senate Minority Leader Franklin M. Drilon on Tuesday called on the Department of Budget and Management (DBM) to use the Miscellaneous Personnel Benefits Fund (MPBF) to pay for the salary differentials of nurses in public hospitals in the country. Drilon noted these nurses were affected by the DBM...
The national government is pursuing the full devolution of the provision of basic services and facilities to local government units before the end of 2024. President Rodrigo Duterte (File photo/Malacañang) President Duterte has signed Executive Order No. 138 directing that certain functions of...
The Philippines is one of only four countries in the world that has demonstrated an "adequate" level of accountability in its early coronavirus disease (COVID-19) fiscal policy response, Secretary Carlito Galvez Jr. disclosed Monday night, May 31. Secretary Carlito Galgez Jr. attends President...
The government is not in a rush to seek the passage of a third stimulus package for the coronavirus response and recovery efforts since it was still spending the existing budget. Las Piñas City residents wait for their turn at a COVID vaccination site inside a mall on May 30, 2021. (Ali...
The national government’s budget deficit decelerated last month owing to the substantial reduction in spending for coronavirus response compared with last year, data from the Bureau of the Treasury showed. The Duterte administration incurred a P44.4 billion fiscal gap in April, down by 84 percent...
Local government units have until June 30 this year to submit all the documentary requirements for the P13.6 billion local government support fund-financial assistance to local government units (LGSF-FALGUs) for local infrastructure and development projects, the Department of the Interior and Local...
