Government debt reached P15.48 trillion in June this year due to continued borrowing and the peso's depreciation against the US dollar, data from the Bureau of the Treasury showed. The national government's outstanding debt increased by seven percent in June from P14.52 trillion in the same month...
The P200 billion to be remitted by the national government from government-owned and controlled corporations will fund the salary increases of government employees and infrastructure programs. In his opening speech for the Senate Committee on Health and Demography, Department of Finance (DOF)...
The Philippine government is on track to surpass the P17 trillion debt threshold by the end of next year, data from the Department of Budget and Management (DBM) showed. Based on the Budget of Expenditures and Sources of Financing submitted to Congress, the Marcos administration expects to conclude...
The Marcos administration is charting a path towards fiscal consolidation by reducing borrowings next year, data from the Department of Budget and Management (DBM) showed. Based on the Budget of Expenditures and Sources of Financing presented to Congress, the government is planning to borrow P2.545...
San Jose del Monte City lone district Rep. Florida "Rida" Robes (Rep. Robes' office) San Jose Del Monte (SJDM) lone district Rep. Florida "Rida" Robes has committed to monitor the implementation of the newly-enacted Republic Act (RA) No.12009...
As roads going to Barangay Sta. Ines in Tanay, Rizal remain impassable, President Marcos has ordered the Office of Civil Defense (OCD) to lift government assistance via helicopters to about 3,000 families who were still stranded there due to the onslaught of Super Typhoon Carina and the enhanced...
Dividends from government-owned and controlled corporations (GOCCs) increased more than half in the first seven months of the year, the Department of Finance said in a report. In its Facebook post, the DOF shared that it collected a total of P95.54 billion from January to July, 52 percent higher...
The Government Service Insurance System (GSIS) has allocated P18.5 billion for emergency loans to aid members and pensioners impacted by typhoon Carina and the southwest monsoon. In a statement Thursday, July 25, the state pension fund for government workers said that approximately 864,089 GSIS...
President Marcos has directed government agencies to swiftly assist those affected by Typhoon Carina and the enhanced southwest monsoon as they continue to cause heavy rains and strong winds in Metro Manila and many other parts of the country. PCO/Arnold Quizol/Manila Bulletin In an X post on...
The Pasig City local government announced on Tuesday afternoon, July 23, the suspension of work at the City Hall due to heavy rains brought about by the southwest monsoon (Habagat) and Typhoon Carina. Photo from Official Gazette of the Republic of the Philippines It stated that work in City...
The Department of Budget and Management has allocated P106 billion to support President Marcos' directive to increase the salaries of government employees. Budget Secretary Amenah F. Pangandaman said that DBM has set aside P36 billion for the current year and an additional P70 billion for the...
The Department of Energy (DOE) is stepping up efforts on the accelerated compliance of government agencies and entities on the mandated 10 percent savings on energy usage that they must achieve, as prescribed under Administrative Order (AO) 15 that was issued by President Marcos early this year. To...
