Senate Minority Leader Aquilino “Koko” Pimentel III questioned the proposed 2023 P2.3 billion budget for the Office of the Vice President (OVP) which is three times more than the 2022 budget of the previous administration. Pimentel then sought to have this amount decreased, including the...
The country’s economic recovery is gaining traction with the better than expected growth seen in the third-quarter, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the 7.6 percent gross domestic product (GDP) in July to September reflected the “many good news...
On track to achieving growth assumption of 6.5% to 7.5% for 2022 Finance Secretary, Benjamin Diokno, welcomed the Philippines' third quarter economic performance, which posted a gross domestic product (GDP) growth of 7.6 percent, under President Ferdinand "Bongbong" Marcos, Jr.'s (PBBM)...
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 Senate has approved the proposed P32.4 billion 2023 budget of the Department of Finance (DOF) and Department of Budget and Management (DBM) along with their attached agencies and state-owned companies. Senator Juan Edgardo M. Angara, chair of the Senate Finance Committee, sponsored and defended...
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...
