Senate President Pro Tempore Ralph Recto lamented on Tuesday, July 27, the government's seeming "lack of urgency" in spending government funds despite the COVID-19 pandemic. (MANILA BULLETIN File Photo) About P200 billion of funds under the P4.506-trillion 2021 General Appropriations Act (GAA) has...
The national government’s budget deficit fell below the ceiling in the first-semester of the year due to lower-than-expected spending, the Bureau of the Treasury reported. The Duterte administration’s January to June 2021 fiscal gap reached P716.1 billion, lower by 29 percent against the P1.018...
The Manila city government broke ground on Monday, July 26, for the construction of the modern Manila Science High School. (Manila Public Information Office / MANILA BULLETIN) Manila Mayor Francisco "Isko Moreno" Domagoso and Vice Mayor Ma. Shielah "Honey" Lacuna-Pangan led the ground breaking...
The leadership of the House of Representatives intends to approve the proposed P5.024-trillion national budget for 2022 when political season starts to heat up which will be at the last day of the filing of the certificates of candidacies (COCs) in October, 2021....
President Rodrigo R. Duterte will propose at least P5-trillion national budget before his term ends. President Rodrigo Roa Duterte Already, the Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the macroeconomic targets of the country, approved late Monday, a...
President Duterte’s economic team is now seeing a brighter light at end of the tunnel as the inter-agency Development Budget Coordination Committee (DBCC) expressed optimism that the Philippine economy may return to its pre-pandemic levels by next year. DBCC The DBCC, which sets the macroeconomic...
The Department of the Interior and Local Government (DILG) has requested Malacañan for more budget that will be used in the hiring of more contact tracers as the country continues its fight against the coronavirus disease-2019 (COVID-19). In a news briefing, DILG Assistant Secretary Odilon...
The Department of Tourism (DOT), through its marketing arm, the Tourism Promotions Board (TPB) has so far disbursed over P100 million to support the projects of destinations that have vowed to focus on "smart tourism" in the country. THEY’RE BACK – Tourists ride boats at Burnham Park in Baguio...
A speedy release and spending of government appropriations could boost the Philippines' credit outlook, senators said on Tuesday, July 13. Senate of the Philippines (Senate PRIB) Senate President Pro Tempore Ralph Recto said the downgrading of the Philippines' credit outlook to negative was...
People’s participation in the congressional deliberations on the annual budget has been set for final reading approval in the House of Representatives when regular session resumes this month. Rep. Rida Robes San Jose del Monte City Rep. Florida “Rida” P. Robes lauded the support of the Lower...
Senators on Sunday bewailed the unused appropriations under the 2020 General Appropriations Act (GAA) that have been marked by the Department of Budget and Management (DBM) as “For Later Release,” saying the fund could have been used to address critical government projects that are in dire need...
The Presidential Communications Operations Office (PCOO) has placed a budget ceiling to regulate the spending for contact of service (COS) personnel after the Commission on Audit (COA) flagged its hiring of these workers last year. Presidential Communications Secretary Martin Andanar (File...
