The government’s economic team is looking to collect P3.84 trillion to P3.90 trillion in total revenues this year, above the target of P3.73 trillion. In a joint statement, the Development Budget Coordination Committee (DBCC) said that P2.84 trillion in revenues have been collected in the first...
The Development Budget Coordination Committee (DBCC) expects that the national government's budget deficit would widen in the latter part of the year, driven by catch-up spending. In the DBCC mid-year report, the inter-agency body responsible for determining the government's macroeconomic...
The government should come up with a comprehensive contingency plan to ensure rice supply in the country is sufficient and will counter its rising price. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan attends the Development Budget Coordinating Council's (DBCC)...
The Department of Budget and Management (DBM) should give the Department of Education (DepEd) funds for the printing and issuance of certificates for students who have finished technical-vocational courses in senior high school so they can actually find work after graduation. Senator Alan...
Increasing workers' wages can be "harmful" if there's no increase in economic activity. NEDA Secretary Arsenio Balisacan Thus, said National Economic and Development Authority (NEDA) Director-General Arsenio Balisacan during a briefing with the House Committee on Appropriations Tuesday, Feb. 28....
The House Committee on Appropriations' decision to hold a briefing with the country’s top economic managers Tuesday, Feb. 28 was in line with the Chief Executive's order to improve the lives of Filipinos. House Speaker Martin Romualdez (left) and President Ferdinand "Bongbong" Marcos Jr....
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
The economic team of President Marcos will keep the government’s growth target this year despite the higher than expected pace of expansion recorded in the third quarter. Finance Secretary Benjamin E. Diokno said the inter-agency Development Budget Coordination Committee (DBCC) will keep its...
President Marcos’ economic managers lowered the government’s growth target for this year. The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, expects the country’s gross domestic product (GDP) to grow by 6.5...
If global crude prices will linger at $100 per barrel or higher amid the escalating Russia-Ukraine war, the Department of Finance (DOF) is eyeing up to P20.3 billion ‘war chest’ that the national government can funnel as fuel subsidy to critical sectors – primarily to public utility vehicle...
Tricycle drivers must not get left behind again on the matter of fuel subsidy. This was the main takeaway from PASAHERO Party-list's appeal over the weekend even as government agencies continue to flesh out the guidelines on fuel subsidies for public utility vehicle (PUV) drivers. (File photo/...
