Six administrations will inherit the $25.74 billion foreign loans that the Duterte administration secured during the Covid-19 pandemic, an obligation that needs to be repaid by Filipinos over the next four decades or until 2060. Data from the Department of Finance (DOF) showed that total government...
Inflation in the country is projected to surpass government’s target of 2-4 percent this year, owing mainly to skyrocketing fuel and food prices, the ASEAN+3 Macroeconomic Research Office (AMRO) reported. During the Regional Economic Outlook virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
The next administration would need to continue the ongoing infrastructure projects of the current government to support foreign direct investment (FDI) inflows, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said on Friday, March 25, that the ongoing infrastructure...
Consumer should brace themselves for further acceleration in prices as the Philippines continues to face inflationary pressures from both food and non-food items, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said effects of the African swine fever (ASF) continues to...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
The Department of Finance (DOF) expects the country’s high growth in foreign direct investments (FDIs) to be sustained following the enactment of economic liberalization reform laws. In his DOF Economic Bulletin on Sunday, March 6, Finance Chief Economist Gil S. Beltran said the more than half...
Further loosening of quarantine measures in the final month of last year ushered in 797,000 additional jobs, the Department of Finance (DOF) said. In his latest DOF economic bulletin, Finance Chief Economist Gil S. Beltran said Wednesday, March 2, that loosened lockdowns generated more economic...
The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements. In a research note, Finance Chief Economist Gil S. Beltran said on Thursday, Feb. 17, that headline...
The Duterte administration registered a strong fiscal performance last year that enabled the government to maintain macroeconomic stability and helped maintain investor confidence, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil S. Beltran said as he pointed out...
The ASEAN+3 Macroeconomic Research Office (AMRO) expects the Philippine economy will grow at a much slower pace this year after the highly transmissible Omicron variant rattled the services sector’s recovery. In its ASEAN+3 Regional Economic Outlook released on Tuesday, Jan. 25, the regional...
The Department of Finance (DOF) urged authorities to be “more liberal” with importations after prices of meat and fish rose at a much faster pace in November compared with the previous month. In an Economic Bulletin on Monday, Dec. 13, Finance Chief Economist Gil S. Beltran noted that meat...
The ASEAN+3 Macroeconomic Research Office (AMRO) cut its economic growth outlook for the Philippines due to recurring new waves of coronavirus infections followed by the retightening of containment measures. The regional macroeconomic surveillance organization on Thursday, Oct. 7, tempered its 2021...
