President Ferdinand "Bongbong" Marcos Jr. has belied reports that Finance Secretary Benjamin Diokno would be replaced by Albay Representative Joey Salceda. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of the Office of the Press Secretary) Marcos labeled the circulating claims as "fake...
The Department of Finance (DOF) said that meeting the government’s economic growth target this year has become more certain, given the sustained recovery of domestic demand and improved labor market conditions. Finance Secretary Benjamin E. Diokno said the government would meet the 6.5 percent to...
The Department of Finance (DOF) said the national government’s budget deficit this year may fall below ceiling due to higher than expected revenue collections of its two main tax agencies. Finance Secretary Benjamin E. Diokno said the fiscal deficit as a share of gross domestic product (GDP)...
Debt-watcher S&P Global maintained the Philippines' investment grade status with stable outlook as it expects the economy to remain robust on the back of strong domestic demand. S&P on Thursday, Nov. 17, kept the country's long-term foreign-currency rating at "BBB+," which is one notch away...
The Department of Finance has rejected calls by industry groups to review the revised fiscal incentives tax regime and reportorial requirements for the grant of incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. Finance Secretary Benjamin E. Diokno, who also...
The Department of Finance (DOF) is optimistic that the rosy domestic labor market would fuel consumer spending that supports the country’s economic recovery from the prolonged-pandemic. In a statement on Wednesday, Nov. 9, Finance Secretary Benjamin E. Diokno said the latest Labor Force Survey...
The Department of Finance (DOF) wants to further foster the government’s revenue collection from extractive industries, which the Marcos administration believes to be one of the drivers of the country’s long-term economic expansion. At the FORGE PH: Philippine Extractive Industries Transparency...
The Department of Finance (DOF) assured that the Japan-backed infrastructure projects left behind by the Duterte administration will proceed as planned. , The DOF assurance comes after President Marcos' economic managers met with their Japanese counterparts at the13th Philippines-Japan High-Level...
Addressing high inflation is the top priority of President Marcos’ economic team, the Department of Finance (DOF) said after consumer prices further accelerated in October to almost 14-year high. Finance Secretary Benjamin E. Diokno admitted that the stubbornly high consumer prices remain on the...
The Department of Finance (DOF) expects more investments will still enter the Philippines despite the negative outlook on the country’s credit ratings. In a statement, Finance Secretary Benjamin E. Diokno said he remains optimistic about the country’s attractiveness to investors, saying Fitch...
The Department of Finance (DOF) said the government will strengthen the development of the housing and real estate sectors in the country through fiscal policy reforms. Finance Secretary Benjamin E. Diokno said that measures aimed at strengthening the pillars of support for the growth of the local...
The Department of Finance (DOF) challenged local government units (LGUs) to keep up with their target to digitalize government processes and services. “We are challenging LGUs to keep up and digitalize their own processes and services. encourage our local governments to implement digital...
