The Department of Finance (DOF) remained confident that the national government’s debt ratio would decline during the Marcos administration despite its recent uptick in the third-quarter. Finance Secretary Benjamin E. Diokno said the government’s ability to pay its debts continues to improve...
Local government units (LGUs) should optimize their increased budgets from the Mandanas-ruling in setting up plans on capital investments to address basic and growing needs of their constituents, the Cabinet official said. In a statement, Finance Secretary Benjamin Diokno said the full devolution...
The Department of Finance (DOF) urged climate experts and leaders from the public, private, and development sectors to invest more in resilience finance to reduce climate risks and disasters. At the Climate Investment Forum organized by the Climate Change Commission (CCC), Finance Secretary...
Voting 21-0-0, the Senate has approved its version of the P5.268-trillion national budget—the first of the Marcos administration’s appropriations measure—on third and final reading. Both the Senate and House of Representatives will now take up the 2023 budget measure at the bicameral...
The Department of Finance (DOF) has vowed to resolve the complicated military and uniformed personnel (MUP) retirement and pension system that continues to take a heavy toll on the government’s yearly budget. Finance Secretary Benjamin E. Diokno said on Wednesday, Nov. 23, that the MUP pension...
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...
"Do not covet thy neighbor’s job." Albay 2nd district Rep. Joey Salceda (left) and DOF Secretary Ben Diokno (Facebook) Albay 2nd district Rep. Joey Salceda gave this reaction to House reporters Monday, Nov. 21, regarding the rumors that he could be appointed by Malacañang as the next Department...
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)...
The Philippine government has called for the inclusion of the needs and priorities of developing countries in the definition of climate finance as a floor amounting to $100 billion has been committed by developed countries to be mobilized for climate action every year. Through Philippine Ambassador...
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...
Former Finance chief Carlos Dominguez III has been conferred by Japanese Emperor Naruhito with Japan's distinguished award for local and non-local government officials. Domiguez received on November 9 the Grand Cordon of the Order of the Rising Sun for exercising "outstanding leadership in...
