President Duterte will sign the proposed P5.024-trillion General Appropriations Act (GAA) for 2022 tomorrow, Thursday, Dec. 30. President Rodrigo Duterte (right) signs a document. (Photo from PCOO Facebook) Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles made this announcement...
The review of the 2022 budget is still ongoing. Malacañang Palace (Photo from PNA) Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles gave this simple explanation Tuesday, Dec. 28, regarding the sudden postponement of the signing of the P5.024-trillion national budget for next...
Speaker Lord Allan Velasco has vowed to transmit to the Senate the proposed P5.024-trillion General Appropriations Act on October 27 to ensure the timely enactment of the measure. Speaker Lord Allan Velasco3 This after a five man committee in the Lower House consolidated the proposed amendments to...
Malacañang has submitted to Congress a proposed national budget of P5.04 trillion for the fiscal year (FY) 2022, the biggest budget that the executive branch has ever asked for. (MANILA BULLETIN FILE PHOTO) In his press briefing on Monday, August 23, Presidential Spokesman Harry Roque bared that...
Opposition Senator Leila de Lima on Wednesday said the public should keep tabs on the Duterte administration’s “debt spree” as the Philippines reached a high record of P11-trillion in borrowings. “With a record-breaking P11.07-trillion in debt, the Duterte administraiton continues to be on...
House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate on Tuesday, July 6 assailed as “nonsensical” Malacanang’s claim that government lacks money to grant cash assistance to Filipinos reeling from the devastating effects of the 2019 coronavirus disease (COVID-19) pandemic....
The government has the capacity to settle its financial obligations after the country's debt reached more than P11 trillion amid efforts to mitigate the impact of the pandemic, Malacañang said Tuesday. Presidential Spokesman Harry Roque (File photo/Malacañang) According to Presidential spokesman...
Development Bank of the Philippines (DBP)’s total assets reached P1.04-trillion last year, up 37 percent from P761.24 billion in 2019, as deposits grew 47.6 percent to P817.9 billion and investments increased 26 percent to P260.1 billion. Development Bank of the Philippines headquarters in Makati...
Bureau of Internal Revenue (BIR) Commissioner Caesar R. Dulay has relayed to national and regional offices the more than P2.081-trillion collection goal of the agency for this year. (MANILA BULLETIN) The BIR chief said in a memorandum that P2.017 trillion will be generated from operations, with the...
