Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has assured the public that the Marcos administration has sufficient funds to address the needs of areas affected by recent flooding and the expected typhoons that may hit the country. Pangandaman said in a July 24 statement...
Central banks in Southeast Asia, where economies like the Philippines export a wide array of goods to the United States (US), are expected to cut interest rates some more as tariffs take effect next month, according to the think tank Capital Economics. In a July 23 report, Capital Economics senior...
Former vice presidential spokesman Barry Gutierrez has strongly condemned Senate President Francis "Chiz" Escudero for the alleged P142.7-billion worth of insertions in the 2025 national budget. In a statement, the former lawmaker and spokesman of ex-vice president and now Naga City Mayor Leni...
Despite having limited budget, the Office of the Vice President (OVP) plans to revive past programs and projects from any excess funds on its yet-to-be-approved 2026 budget. Lawyer Ruth Castelo, the OVP’s spokesman, said in an interview on SMNI that their office put in plans to still be able to...
While the Philippine economy has already been recovering from its deep recession during the height of the Covid-19 pandemic, hitting its growth potential of six percent would be challenging given the global uncertainties spilling over domestically, according to the Department of Finance (DOF)....
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Every child holds a promise for the future of our country. To reach their full potential and be productive members of society, they must be given a fair start in a nurturing, safe, and secure environment — not only to survive but to...
President Marcos has approved the proposed P6.793-trillion national budget for fiscal year 2026, Malacañang announced on Tuesday, July 15. Palace Press Officer and Communications Undersecretary Claire Castro disclosed that Marcos approved the proposed national budget during a Cabinet meeting at...
Fifteen years from now, the Philippine economy could accelerate by 6.8 percent yearly if the country continues to improve regional connectivity, productivity, and resource allocation, the Washington-based World Bank stated. According to the multilateral lender’s latest report on Philippine growth...
Senator Panfilo "Ping" Lacson revealed that some lawmakers are receiving substantial "pork barrel" allocations worth billions. In an interview on One News late Wednesday, July 9, Lacson stated some members of the House of Representatives reportedly get up to ₱15 billion while some senators...
The Office of the Vice President (OVP) may receive P903 million as budget for the next fiscal year, OVP spokesperson Ruth Castelo said on Wednesday, July 9, after the Department of Budget and Management (DBM) raised its original proposal. Originally, the OVP made a P733-million proposal, similar...
The transition team of Cebu Gov. Pamela Baricuatro was surprised over the 2025 annual budget of the province. Jose Esgana, the former mayor of Santa Fe, Cebu who headed Baricuatro’s transition team, said they learned that the province’s P25-billlion annual budget has some allocation that is not...
Senator Joseph Victor “JV” Ejercito has filed a bill proposing a ₱74.4-billion additional budget for Philippine Health Insurance Corp. (PhilHealth) to strengthen its programs and uphold its mandate of the Universal Health Care (UHC) Act. Ejercito, principal sponsor of the UHC law, emphasized...
