The Marcos administration plans to borrow more funds this year than initially planned, the Department of Finance (DOF) announced. In a statement, Finance Secretary Ralph G. Recto said on Monday, April 29, that the national government plans to borrow P2.57 trillion in 2024. The funds will be...
The Marcos administration's borrowing decreased in the first quarter of this year due to reduced funding from international creditors, data from the Bureau of the Treasury showed. Gross borrowings of the national government totaled P830.4 billion from January to March 2024, a 12 percent decline...
Senate Minority Leader Aquilino “Koko” Pimentel III on Sunday, April 28, urged the United States, Japan and Western European countries to extend their support to the Philippines as it battles the El Niño weather phenomenon. Pimentel said it is high time to prove that the...
The administration of President Marcos recorded a "much lower" index crime volume during its first 21 months compared to the same period during the previous administration, the Presidential Communications Office (PCO) reported. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) The...
The Marcos administration’s budget deficit shrank in March this year as revenue growth outpaced public spending, the Bureau of the Treasury reported. The fiscal deficit of the national government for the third month of the year was P195.9 billion, down from P210.3 billion in March 2023. Based on...
Commission on Elections (Comelec) Chairman George Erwin Garcia confirmed on Wednesday, April 24 that United States (US) authorities have filed a money laundering case against former poll chief Andy Bautista. "I would like to respectfully confirm that based on our communication with attorneys...
The Government Service Insurance System (GSIS) is encouraging pensioners to take advantage of the pension fund's online services, especially amid the extreme heat affecting the country. This announcement came after the weather bureau warned of unprecedented temperatures, reaching up to 46...
(Unsplash) House Speaker Martin Romualdez confidently said on Monday, April 22 that there will be an upsurge in United States (US) investments in the aftermath of the highly successful dialogue in Washington, DC wherein the country was...
Debt payments made by the government decreased in February due to lower principal payments made to domestic creditors, data from the Bureau of the Treasury showed. The national government's debt servicing reached P293.61 billion last February, 22 percent lower than the P375.71 billion paid out in...
Senator Ronald "Bato" Dela Rosa said that the government should think one step ahead and investigate the reported increase in the number of Chinese students who have enrolled in Cagayan. "Dapat advance yung pag-iisip natin. Dapat tayo'y magdududa talaga. Dapat one step ahead tayo (We should think...
The Government Service Insurance System (GSIS) has allocated nearly P2.5 billion for emergency loans to support members and pensioners in Cavite and Occidental Mindoro. In a statement, the state-run pension fund said the emergency loan provision aims to assist members impacted by the pertussis...
The Commission on Human Rights (CHR) has lauded the Quezon City local government for its free breast cancer screening program that benefitted 22,476 women in the city's six districts. It said it received reports that of those who availed themselves of the program, 146 tested positive for breast...
