The national government’s budget deficit more than doubled last month amid lower revenues and higher spending, data from the Bureau of the Treasury showed. The government incurred a fiscal gap of P191.4 billion in March, higher by 167 percent compared with P71.6 billion in the same month last...
Five senators have called for a Senate inquiry to look into the performance of the government's anti-insurgency task force and its utilization of its P19-billion budget this year. AFP Southern Luzon Command chief and NTF-ELCAC spokesperson Lt. Gen. Antonio Parlade, Jr. (PNA) Senate President Pro...
Albay Representative Joey Sarte Salceda has filed House Bill No. 9214, or the Budget Modernization Bill, a priority of the economic managers of the Duterte administration. The bill, which contains the administration’s version of the budget reform, sets the ground rules for the use and allocation...
Senate Minority Leader Franklin Drilon on Friday, April 23, called on the leadership of the Upper Chamber to compel the controversial National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) to report its use of its P19-billion budget. Drilon issued the appeal as he reiterated his...
At P14.1 billion The Duterte administration’s budget in January swung to deficit from surplus in the previous year as the coronavirus-induced economic crisis continued to drag-down the government’s tax collections. Data from the Bureau of the Treasury revealed on Wednesday, March 17, that the...
President Duterte said he was getting ready to increase the salary of teachers but the coronavirus disease (COVID-19) foiled his plan and forced him to allocate the funds for the government's pandemic response efforts. President Rodrigo Roa Duterte (ALBERTO ALCAIN/ PRESIDENTIAL PHOTO / MANILA...
Only representatives from three government agencies – Department of Finance (DOF), Department of Budget and Management (DBM), and Department of Justice (DOJ) – will have the final say on how the Coconut Farmers and Industry Trust Fund (CFITF) will be managed and use. Based on the Republic Act...
The Duterte administration borrowed a record P2.74 trillion last year to bridge the ballooning budget deficit induced by the coronavirus pandemic, data from the Bureau of the Treasury showed. The national government’s gross borrowings accelerated by 170 percent in January to December last year to...
The national government’s budget deficit fell below the Duterte administration’s ceiling last year after public spending missed its target while revenues breached the revised full-year goal, data from the Bureau of the Treasury showed. Fiscal gap of the national government settled at...
Stereotypes and negative connotations in farming sometimes hamper possibilities for Philippine agriculture. Perhaps this is also why many Filipinos, particularly the younger generations, hesitate to pursue farming as a profession. Thankfully, there are still some who still prefer pursuing an...
The Duterte administration’s budget deficit breached the P1 trillion mark in November due to higher spending and lower revenues amid the coronavirus-induced economic recession, data from the Bureau of the Treasury revealed. The national government incurred a P1.069 trillion fiscal gap in January...
The Duterte administration’s budget deficit is nearing the P1 trillion mark in January to October this year as the government continued to struggle in raising revenues due to the coronavirus-induced crisis. Data from the Bureau of the Treasury showed the national government incurred a P940.6...
