Finance Chief Economist Gil S. Beltran said the government would need an additional P250-billion per year to bring down the government’s financing gap to a figure comparable to the pre-pandemic level of 3.4 percent. This developed as the Department of Finance (DOF) warned Tuesday, June 7, that...
The Department of Finance (DOF) estimated that the national government’s debt could have been P2.2 trillion more had President Duterte supported the revenue-eroding proposals in Congress at the height of the pandemic. In a statement, Finance Chief Economist Gil S. Beltran said that total debt...
High debt load and low revenue collection will become bottlenecks to the country’s return to a rapid and sustainable economic growth path, the Department of Finance (DOF) said. As the government transitions to the next administration, Finance Chief Economist Gil S. Beltran said that fiscal...
With the forthcoming change in leadership, the Department of Finance (DOF) said the government should continue its reforms in the military and uniformed personnel (MUP) pension scheme to ensure the county's fiscal stability. Finance Chief Economist Gil S. Beltran said the government is spending...
Beltran named first PTA president By CHINO S. LEYCO The Board of Trustees of the Philippine Tax Academy (PTA) has unanimously voted to elect Department of Finance (DOF) Chief Economist and retired Undersecretary Gil S. Beltran as the institution’s first president. Finance Secretary and PTA Board...
The ongoing geopolitical conflict in Eastern Europe would further complicate the lingering effects of the African Swine Fever (ASF) on consumer prices, the Department of Finance (DOF) said. In a DOF Economic Bulletin released on Sunday, April 24, Finance Chief Economist Gil S. Beltran said that the...
Despite easing restrictions, the economy has not yet fully returned to its investment-led growth orientation seen before the pandemic struck, the Department of Finance (DOF) said on Sunday, April 16. Finance Chief Economist Gil S. Beltran said that capital formation as a percentage of real economy,...
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...
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...
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...
