The Department of Budget and Management (DBM) should address any leakages in the government’s distribution of Covid-19-related cash assistance programs instead of discontinuing it, Senator Christopher “Bong” Go said on Thursday, Sept. 1. Go said he disagrees with the proposal to discontinue...
The Department of Finance (DOF) sought the support of local chief executives for the passage of critical legislative measures that aim to empower local government units (LGUs) to attain fiscal sustainability. During a gathering of Leyte and Samar mayors, Finance Secretary Benjamin E. Diokno said...
The government should prioritize giving out higher assistance to indigent senior citizens than having another round of cash-aid or “ayuda” for the general public, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said on Monday, Aug. 29, that with the national...
The World Bank Group (WBG) expressed appreciation of former Finance Secretary Carlos G. Dominguez III’s personal commitment and contributions to the “strong partnership” between the Washington-based lender and the Philippines. In an August 22, 2022 letter to the former DOF chief, WBG...
The Department of Finance (DOF) wants the Philippine Amusement and Gaming Corp. (Pagcor) to present a long-term plan on its conflicting roles as a gambling regulator and operator in the country. Finance Secretary Benjamin E. Diokno’s pronouncement came after he told lawmakers during the...
President Marcos’ chief economic manager said he will support the passage of a supplemental budget for next year should there will be a need to further boost the country’s economic growth. At the Development Budget Coordination Committee (DBCC) briefing with the House Appropriations Committee...
The Bureau of Internal Revenue (BIR) and the Bureau of Customs, the government’s two main tax agencies, are ramping up their respective anti-corruption campaigns by modernizing their operations through digitalization. In a statement on Friday, Aug. 26, Finance Secretary E. Benjamin Diokno has...
The national government, during President Marcos’ first month in office, incurred a much lower budget deficit owing to strong tax collections and slower spending, data from the Bureau of the Treasury showed. The Treasury bureau reported on Friday, Aug. 26, that the Marcos administration’s...
The Department of Finance (DOF) said that expenditures for debt burden make up only around a tenth of the Marcos administration’s proposed national budget next year. In a statement on Thursday, Aug. 25, Finance Secretary Benjamin E. Diokno said it was incorrect to cite debt burden as one-third of...
The Department of Finance (DOF) will continue borrowing mostly from the domestic debt markets under the Marcos administration on the back of the growing appetite of Filipino retail investors in government securities. In a statement on Tuesday, Aug. 23, Finance Secretary Benjamin E. Diokno said...
The Department of Fiannce (DOF) vowed to work with Congress for the passage of priority reforms under the Marcos administration’s Medium Term Fiscal Framework (MTFF) that aims to steer the country back to a high growth trajectory. In a statement on Friday, Aug. 19, Finance Secretary Benjamin E....
The Department of Finance (DOF) assured the Senate that the national debt remains within manageable levels, allaying fears of the country defaulting on loans amid a slightly elevated debt-to-gross domestic product (GDP) ratio. Finance Secretary Benjamin E. Diokno issued the statement in response to...
