Malacañang has expressed its support for moves to institutionalize transparency in the budget deliberations. Palace Press Officer and Communications Undersecretary Claire Castro said the Palace respects the independence of the Congress in pushing to institutionalize a transparent budget...
The Senate is open to proposals seeking to enhance transparency of the budget process by opening the bicameral deliberations to the public. Senate Secretary Renato Bantug Jr. said the bicameral conference is a joint undertaking of the Senate and the House of Representatives, so both chambers have...
The Philippines’ plan to temper spending on public goods and services in a bid to narrow its budget deficit to pre-pandemic levels may slow economic growth, according to the think tank Capital Economics. “Monetary easing across the region should support consumption and investment, but tighter...
Despite limited resources, the Cabinet-level Development Budget Coordination Committee (DBCC) has approved a record-high national budget for next year at ₱6.79 trillion, with a focus on social services. Next year’s record-high budget would support sustained delivery of public goods and services...
Economy, Planning, and Development Secretary Arsenio M. Balisacan has expressed confidence that the Philippine economy can accelerate to a growth rate of 5.5 percent to 6.5 percent after downscaling from the more ambitious growth target previously. Despite concerns of slower household consumption,...
Economic managers have tweaked downwards the gross domestic product (GDP) target to 5.5 to 6.5 percent from six to 6.5 percent previously, citing the increased external uncertainties, especially the ongoing Middle East conflict and the imposition of United States (US) tariffs. Cabinet-level...
In line with President Ferdinand R. Marcos Jr. 's goal to ensure quality education for learners, Department of Budget and Management (DBM) Secretary Amenah Mina F. Pangandaman approved another batch of teaching positions to complete the 20,000 teaching items for creation for 2025. Sec. Mina...
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said the government’s main tax agency’s ₱18 billion proposal for 2026 covers plans to build a tax-focused contact center and office space expansion to accommodate more taxpayers and reduce queues. “We want to improve our...
The Marcos administration, through the Department of Budget and Management (DBM), has already set its national budget priorities for 2026 based on the government’s medium-term development plan. Given the country’s “limited fiscal space,” new budget proposals will be evaluated based on their...
The Office of the Vice President (OVP) will request for a P733-million budget for 2026, similar to its budget this year, since Congress will reject a higher proposal anyway, Vice President Sara Duterte said on Monday, June 16. During a press conference in Davao City, the official disclosed that...
A teachers’ group has sounded the alarm over what it calls a deepening education crisis, marked by chronic shortages in classrooms, teachers, and learning resources, as School Year (SY) 2025–2026 officially opens on Monday, June 16. The Alliance of Concerned Teachers (ACT) blamed what it...
As public schools across the country prepare to open their doors for a new school year, teacher groups on Sunday, June 15, sounded the alarm over the persistent and worsening education crisis and called for urgent, concrete government action to resolve systemic shortages. The Alliance of Concerned...
