High debt load and low revenue collection will become bottlenecks to the country’s return to a rapid and sustainable economic growth path, the Department of Finance (DOF) said. As the government transitions to the next administration, Finance Chief Economist Gil S. Beltran said that fiscal...
With the forthcoming change in leadership, the Department of Finance (DOF) said the government should continue its reforms in the military and uniformed personnel (MUP) pension scheme to ensure the county's fiscal stability. Finance Chief Economist Gil S. Beltran said the government is spending...
Beltran named first PTA president By CHINO S. LEYCO The Board of Trustees of the Philippine Tax Academy (PTA) has unanimously voted to elect Department of Finance (DOF) Chief Economist and retired Undersecretary Gil S. Beltran as the institution’s first president. Finance Secretary and PTA Board...
The ongoing geopolitical conflict in Eastern Europe would further complicate the lingering effects of the African Swine Fever (ASF) on consumer prices, the Department of Finance (DOF) said. In a DOF Economic Bulletin released on Sunday, April 24, Finance Chief Economist Gil S. Beltran said that the...
Despite easing restrictions, the economy has not yet fully returned to its investment-led growth orientation seen before the pandemic struck, the Department of Finance (DOF) said on Sunday, April 16. Finance Chief Economist Gil S. Beltran said that capital formation as a percentage of real economy,...
Six administrations will inherit the $25.74 billion foreign loans that the Duterte administration secured during the Covid-19 pandemic, an obligation that needs to be repaid by Filipinos over the next four decades or until 2060. Data from the Department of Finance (DOF) showed that total government...
Inflation in the country is projected to surpass government’s target of 2-4 percent this year, owing mainly to skyrocketing fuel and food prices, the ASEAN+3 Macroeconomic Research Office (AMRO) reported. During the Regional Economic Outlook virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
The next administration would need to continue the ongoing infrastructure projects of the current government to support foreign direct investment (FDI) inflows, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said on Friday, March 25, that the ongoing infrastructure...
Consumer should brace themselves for further acceleration in prices as the Philippines continues to face inflationary pressures from both food and non-food items, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said effects of the African swine fever (ASF) continues to...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
The Department of Finance (DOF) expects the country’s high growth in foreign direct investments (FDIs) to be sustained following the enactment of economic liberalization reform laws. In his DOF Economic Bulletin on Sunday, March 6, Finance Chief Economist Gil S. Beltran said the more than half...
Further loosening of quarantine measures in the final month of last year ushered in 797,000 additional jobs, the Department of Finance (DOF) said. In his latest DOF economic bulletin, Finance Chief Economist Gil S. Beltran said Wednesday, March 2, that loosened lockdowns generated more economic...
