Gabriela Party-list Rep. Arlene Brosas (Facebook) Gabriela Party-list Rep. Arlene Brosas reiterated her call to President Marcos to “set aside if not totally scrap” the Dec. 31 franchise consolidation deadline to avert the threat of a “massive...
President Marcos announced that the deadline for the consolidation of public utility vehicles (PUV) operators will not be extended. Marcos said the government has decided not to extend the deadline of consolidation as 70 percent of all operators in the country have complied with the requirements to...
The Office of the Solicitor General (OSG), as a representing counsel for the Energy Regulatory Commission (ERC), is opposed the consolidation of the cases relating to the junked rate hike on the power supply agreements (PSAs) of the two corporate vehicles of SMC Global Power Holdings Corp (SMCGP)...
The House Committee on Civil Service and Professional Regularization on Tuesday, Nov. 15, approved the consolidation of 10 bills that will enable the regularization and grant of civil service eligibility to casual and contractual government workers that have been in service for three to five years....
The ASEAN+3 Macroeconomic Research Office (AMRO) said the Marcos administration needs to expedite the pace of fiscal consolidation given the national government’s tight buffer to absorb future shocks. In AMRO’s Annual Consultation Report released on Wednesday, July 20, the think tank raised...
ILOILO CITY – Aklan Rep. Ted Haresco Jr. has urged the Marcos administration to adopt the fiscal consolidation plan of the Duterte government to solve the country’s economic woes. “The needs of the times require the government to prioritize seeking additional sources of revenue to pay off...
Incoming Finance Secretary Benjamin E. Diokno wants to put in place a formal fiscal plan that will take control of government expenditures, set clear borrowing and revenue programs, as well as design policies to manage budget deficits in the next six-years. Diokno, who is currently governor of the...
Finance Chief Economist Gil S. Beltran said the government would need an additional P250-billion per year to bring down the government’s financing gap to a figure comparable to the pre-pandemic level of 3.4 percent. This developed as the Department of Finance (DOF) warned Tuesday, June 7, that...
The Marcos administration has no plan to reduce government spending to temper the nation’s ballooning debt load, the incoming chief of the Department of Finance (DOF) said on Monday, June 6. Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno, who is President-elect Ferdinand R. Marcos...
As the pandemic begins to slowdown and the economy further reopens, the national government’s borrowing requirement was significantly reduced in April mainly due to less financing coming from overseas lenders. Data from the Bureau of the Treasury on Sunday, June 5, showed that the government...
Finance Secretary Carlos G. Dominguez III said the administration of presumptive president Ferdinand “Bongbong” R. Marcos Jr. needs to increase government revenues while eliminating wasteful expenditures to get ahead of the country’s debt problem. After the Bureau of the Treasury reported...
The Department of Finance (DOF) vowed the government’s quick return to fiscal consolidation following the massive spike in budget deficit and debt ratios due to the pandemic-induced recession. At the 2022 Bureau of the Internal Revenue (BIR) National Tax Campaign Kickoff on Thursday, March 3,...
