The Duterte administration’s economic team has jacked up the government’s budget deficit ceiling for this year and next to address the pandemic and its economic impacts. The inter-agency Development Budget Coordination Committee (DBCC), a body that sets the macroeconomic targets of the country,...
The Duterte administration’s economic team has lowered its growth assumption for this year due to the emergence of new coronavirus variants and the reimposition of strict lockdowns in Metro Manila and nearby provinces. The inter-agency Development Budget Coordination Committee (DBCC) slightly...
The Overseas Workers Welfare Administration (OWWA) can now heave a sigh of relief as far as its dwindling funds are concerned. OWWA Chief Hans Leo Cacdac and DOLE Director Rolly Francia tackle OFW-related issues during a virtual press briefing Monday, May 17, 2021. (Screengrab from Facebook live)...
Senator Joel Villanueva on Sunday, May 16 urged the government to use the P19.445 billion unused calamity funds under the 2020 and 2021 budget to finance the immediate repair of the Philippine General Hospital (PGH) which caught fire early morning today. “The PGH should be repaired in the same...
Now that the budget for 2022 is being prepared, President Rodrigo Duterte was asked by the private sector to issue an Executive Order (EO) to mandate local government units (LGUs) to allot a higher budget for their respective agricultural development. This request came up in anticipation of LGUs...
The government is planning to tap savings of agencies to augment programs related to addressing the coronavirus outbreak, including relief aid to the affected poor families. A resident of Makati City receives a first shot of Pfizer coronavirus vaccine from a health worker at the Makati Medical...
The Duterte administration will revisit its medium-term macroeconomic targets and fiscal program next week following a worse-than-expected economic performance in the first-quarter. In a media advisory released by the Department of Budget and Management (DBM), it said the inter-agency Development...
Congress can call for a special audit of the funds of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC), Senate Minority Leader Franklin Drilon said on Wednesday. Drilon on Tuesday questioned the “speedy” release of the government’s controversial anti-insurgency task...
Senate Minority Leader Franklin Drilon on Tuesday, May 4 questioned the “speedy” release of P10.6-billion out of the P19-billion controversial budget of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC). The move comes after majority of the lawmakers called for the...
Senator Sherwin Gatchalian on Tuesday urged state economic managers to allocate more funds for the education sector in next year’s proposed national budget to help the sector’s recovery from the negative impact of the coronavirus disease (COVID-19) pandemic. Gatchalian said the government...
Senator Risa Hontiveros has filed a measure urging the Commission on Audit (COA) to conduct a special audit of the government’s spending for its coronavirus disease (COVID-19) response under the two laws Congress passed to combat the negative impact of the pandemic. In filing Senate Resolution...
The Department of Budget and Management (DBM) assured that it will implement next year the Supreme Court ruling transferring more funds to local government units (LGUs), which the Asian Development (ADB) warned could disrupt public spending. Budget Secretary Wendel E. Avisado said they already...
