The Department of Budget and Management (DBM) must double down on its promise to recommend an increase to the Personnel Economic Relief Allowance (PERA) in 2027. Thus, said Makabayan solon ACT Teachers Party-list Rep. Antonio Tinio, who tried to gain a solid commitment from DBM Acting Secretary Kim...
The Marcos Jr. administration is accelerating infrastructure spending in the second half of the year, boosting planned national and local capital outlays by ₱209.5 billion over the first six months to hit its ₱1.27-trillion disbursement target for 2026. According to the national government’s...
Malacañang said the Marcos administration is keen on resolving issues surrounding infrastructure project implementation, noting that the release of funds has been expedited to ensure the timely completion of various initiatives. However, the government 's eagerness to resolve the...
The Philippines remains far from stagflation despite high inflation and sluggish economic growth, members of the Marcos Jr. administration’s economic team said, pushing back against Monetary Board Member (MBM) Benjamin E. Diokno’s characterization of the current situation as “stagflation...
The national government’s fiscal budget rollout slowed through July as spending delays in agriculture and education offset rapid disbursements for public works and transportation. According to data from the Department of Budget and Management (DBM), total allotment releases stood at 91 percent of...
The government released ₱9.75 billion to address long-standing funding shortfalls under its tuition-free tertiary education program, clearing obligations that forced state colleges and universities to absorb costs for three academic years. In a statement on Sunday, Aug. 16, Acting Budget...
For a long time, the prevailing narrative surrounding Islamic banking in the Philippines was trapped in a narrow frame. Most consumers assumed it was a niche service exclusive to Muslim communities or strictly intended for regional development in Mindanao. Amenah “Mina” Pangandaman,...
President Marcos’ economic managers will outline their roadmap for navigating global market volatility and domestic pressure at the annual Economic Journalists Association of the Philippines (EJAP) forum on Friday, Aug. 14. Finance Secretary Frederick Go, Bangko Sentral ng Pilipinas (BSP)...
Flood control funding is back. But its return to the proposed 2027 national budget should not be treated as a routine restoration of government spending. It should serve as a test of whether the state has learned anything from the scandal that badly damaged public trust in infrastructure projects....
Cabinet-level interagency Development Budget Coordination Committee (DBCC) has projected weaker state spending on infrastructure for 2027, even as the government seeks to revive flood control funding. According to the updated national government fiscal program for 2025 through 2029, the DBCC...
Department of Budget and Management (DBM) Acting Secretary Kim Robert de Leon said on Tuesday, Aug. 11 that the sheer necessity of flood control projects led to the restoration of these items in the country 's spending plan, specifically in the P7.2-trillion National Expenditure Program (NEP)...
Senate President Sherwin Gatchalian on Tuesday, August 11 formally received the proposed P7.2-trillion national budget for 2027. The copy of the National Expenditure Program (NEP) was formally received by Gatchalian during a ceremonial turnover at the Senate, together with Finance Committee...
