The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles assured the public that the country will have ample vaccine supply for booster shots against the coronavirus disease (COVID-19) next year. (Photos from Karlo Nograles's Facebook/ Keith Bacongco) Nograles, in a virtual press...
The bill which seeks to extend the availability of the 2021 appropriations up to December 31, 2022 has hurdled second reading at the Senate. The Senate approved House Bill No. 10373 which seeks to extend the validity of the 2021 national budget with Senator Panfilo Lacson manifesting his dissent on...
Senator Panfilo Lacson on Wednesday said bared his proposed amendments to the P5-trillion national budget for 2022, which includes slashing a total of over P9-billion questionable worth of appropriations. In a statement, Lacson said he proposed reduction of funds for items such as farm-to-market...
Senator Sherwin Gatchalian on Monday vowed to ensure there would be sufficient funding for the Senior High School Voucher Program (SHS-VP) to prevent the government’s debt to private schools from accumulating and risk affecting beneficiaries of the program. Gatchalian, who chairs the Senate...
Presidential aspirant Vice President Leni Robredo on Monday, Nov. 29, said she wants to review the allocation of the agricultural budget, reroute it to agricultural subsectors that need it the most, and retrain farmers to plant high-demand crops. Presidential aspirant Vice President Leni Robredo...
The Department of Environment and Natural Resources (DENR) is seeking a P181.6 million budget allocation for the establishment of a preliminary treatment and storage facility for COVID-19-related health care waste. In a statement Saturday, DENR said it wants the multi-million budget to be taken...
The Department of Education (DepEd) and its attached agencies are set to receive a P629.8 billion budget for its National Expenditure Program (NEP) for 2022 which is six percent higher than last year’s budget. Pilot face-to-face classes started in Laserna Integrated School in Nabas, Aklan on Nov....
The Duterte administration’s budget deficit widened in October owing to higher spending. The Bureau of the Treasury reported on Thursday, Nov. 25, that the national government incurred a P64.3 billion fiscal gap during the month, an increase of 2.9 percent compared with P61.4 billion in the same...
Some senators have expressed their support for the proposed extension of the validity of the 2021 General Appropriations Act (GAA) until December 2022. “Yes. I support extending validity of 21 budget,” Senate President Pro Tempore Ralph Recto said in a message to reporters on Wednesday, Nov....
Senators are keen on removing the budget assigned for the Philippine Athletics Track and Field Association (PATAFA) and give it to the Philippine Sports Commission (PSC) if it fails to stop the apparent “harassment” being done against the country’s lone pole vaulter EJ Obiena. It was Senator...
DOTR123 The Department of Transportation (DOTr) committed to disburse its budget fast after the Senate Plenary approved the agency's P120 Billion 2022 budget this Monday. “While the proposed budget for next year is lower than what the DOTr has outlined in previous presentations and coordinations,...
