Association of Southeast Asian Nations (ASEAN)+3 policymakers, including the Philippines, are urged to balance near-term spending with long-term fiscal discipline as shrinking fiscal space and rising debt costs stress the need for consolidation to meet climate- and aging-related demands, according...
The Department of Fiannce (DOF) vowed to work with Congress for the passage of priority reforms under the Marcos administration’s Medium Term Fiscal Framework (MTFF) that aims to steer the country back to a high growth trajectory. In a statement on Friday, Aug. 19, Finance Secretary Benjamin E....
The Department of Finance (DOF) unveiled the government's first-ever medium-term fiscal framework (MTFF) aimed at reducing the deficit, promoting fiscal sustainability, and enabling robust economic growth. Finance Secretary Benjamin E. Diokno said the economic team has submitted the MTFF to...