In response to global trade disruptions and geopolitical tensions, the Marcos administration has adjusted its economic growth targets, the Development Budget Coordination Committee (DBCC) announced. The DBCC, an inter-agency body responsible for setting the country's macroeconomic assumptions, has...
President Marcos is readying a national budget for 2025 that is expected to surpass the P6 trillion mark. The Development Budget Coordination Committee (DBCC) announced on Thursday, April 4, that the executive department's proposed national budget for the fiscal year 2025 is set at P6.200...
Digital travel platform Agoda unveils affordable accommodations in popular Asian tourist destinations. Planning on an affordable tropical getaway this April and May? In the Philippines, Iloilo tops the list for the most affordable destination. With its stunning beaches,...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. The month of March, which pays tribute to us, women, has ended. However, our battle for women's empowerment and inclusion remains. When I delivered the Philippine statement for the first Ministerial Round Table of the...
The Marcos administration’s budget deficit expanded by half in February due to higher public spending and the slower growth in non-tax revenues, data from the Bureau of the Treasury showed. The national government's fiscal gap amounted to P164.7 billion last month, up 55 percent compared to the...
Law enforcers arrested eight individuals who allegedly tried to swindle some P1 billion from a contractor of an infrastructure project, claiming themselves to be employees of the Department of Budget and Management (DBM). During an entrapment operation in Mandaluyong City on March 26, agents from...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. On March 21, 2024, we celebrated the Third World Sustainable Procurement Day. Organized annually since 2022, it promotes sustainable procurement that considers environmental, social, and governance issues in decision-making to...
Ako Bicol Party-list Rep. Jil Bongalon (Ellson Quismorio/ MANILA BULLETIN) House Assistant Majority Leader and Ako Bicol Party-list Rep. Raul Angelo "Jil" Bongalon expressed his support for the proposed supplemental budget to address the...
Around P1 billion of funding has been approved for providing power supply to public schools that do not have electricity. The Department of Budget and Management (DBM) has released a total of P1.295 billion of special allotment release order (SARO) to the Department of Education (DepEd) to cover...
The Department of Budget and Management (DBM) has released over P91.28 billion for public health emergency benefits and allowances (PHEBA) for healthcare workers. According to the DBM, these funds have been disbursed to the Department of Health (DOH) for the years 2021 (P12.1 billion), 2022...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Last week was an eventful and productive week for me and the entire Philippine delegation as we attended the 68th annual session of the United Nations Commission on the Status of Women (UN CSW68) at the UN Headquarters in New York City...
The Marcos administration's budget surplus nearly doubled in the first month of the year due to strong revenues generated by the government's two main tax agencies. The Bureau of the Treasury reported that the national government posted a fiscal surplus of P88 billion last January, a significant...
