President Rodrigo Duterte’s economic managers said the imposition of stricter quarantine status over Metro Manila and nearby provinces is a necessary setback in the country’s recovery in the wake of the highly transmissible COVID-19 Omicron variant. The inter-agency Development Budget...
The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
President Duterte’s economic managers approved the grant of fuel subsidies, giving public transportation sector the much-needed relief from skyrocketing pump prices. The inter-agency Development Budget Coordination Committee (DBCC) announced Monday, Oct. 25, that the government will shell-out P1...
President Duterte’s economic mangers said the economy will return to pre-pandemic levels within the next two-years, reassuring Congress that the country has the capacity for a rapid expansion pace. (JANSEN ROMERO : MANILA BULLETIN) During the House Committee on Appropriations’ deliberations on...
The Delta variant-driven lockdowns imposed to curb the spread of the virus triggered the Development Budget Coordination Committee (DBCC) to significantly slash its economic growth outlook for the year. The DBCC, an inter-agency body tasked to set the country’s macroeconomic targets, further...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic targets, will meet tomorrow, Wednesday, August 18, to reassess the country’s recovery amid the mutating coronavirus. Finance Secretary Carlos G. Dominguez III But ahead of the...
President Rodrigo R. Duterte will propose at least P5-trillion national budget before his term ends. President Rodrigo Roa Duterte Already, the Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the macroeconomic targets of the country, approved late Monday, a...
President Duterte’s economic team is now seeing a brighter light at end of the tunnel as the inter-agency Development Budget Coordination Committee (DBCC) expressed optimism that the Philippine economy may return to its pre-pandemic levels by next year. DBCC The DBCC, which sets the macroeconomic...
The Duterte administration’s economic team has lowered its growth assumption for this year due to the emergence of new coronavirus variants and the reimposition of strict lockdowns in Metro Manila and nearby provinces. The inter-agency Development Budget Coordination Committee (DBCC) slightly...
The Duterte administration will revisit its medium-term macroeconomic targets and fiscal program next week following a worse-than-expected economic performance in the first-quarter. In a media advisory released by the Department of Budget and Management (DBM), it said the inter-agency Development...
