The Philippines continued to be faring well despite higher debt ratio, as the Department of Finance (DOF) explained that the nation’s economic fundamentals should be considered in determining credit risk. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the government’s...
President Marcos’ chief economic manager said the Philippine economy would continue its robust expansion pace this year despite a rising interest rate environment. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the economy, as measured by the gross domestic product (GDP),...
The Department of Finance (DOF) is not amenable to the proposal in Congress seeking to cap the individual income tax rate and raise the tax exemption ceiling on earnings. Finance Secretary Benjamin E. Diokno said on Wednesday, July 13, that the bill filed in the House of Representatives...
The Department of Finance (DOF) has approved the reshuffle of several regional district collectors of the Bureau of Internal Revenue (BIR), the government’s main tax agency. Finance Secretary Benjamin E. Diokno’s approval follows BIR Commissioner Lilia C. Guillermo’s order that relieved six...
Finance Secretary Benjamin E. Diokno has committed to pursue the passage of the remaining tax reform packages that were left behind by the Duterte administration involving real property valuation and financial taxation. Once in the 19th Congress opens, Diokno said the Marcos administration would...
The Marcos administration vowed to raise the domestic farm output while maintaining the government’s rice import policy to better manage consumer prices, the Department of Fiannce (DOF) said. In a statement, Finance Secretary Benjamin E. Diokno said the national government would closely...
The Department of Finance (DOF) unveiled the government's first-ever medium-term fiscal framework (MTFF) aimed at reducing the deficit, promoting fiscal sustainability, and enabling robust economic growth. Finance Secretary Benjamin E. Diokno said the economic team has submitted the MTFF to...
The Department of Finance (DOF) would support the imposition of a tax on single-use plastic packaging to combat pollution. Finance Secretary Benjamin E. Diokno said that a single-use plastic packaging tax is “worth considering” by the Marcos administration to help address the challenges of the...
President Marcos’ chief economic manager expects the country’s economy would grow this year at a much slower pace than the inter-agency Development Budget Coordination Committee’s (DBCC) target. In a briefing on Wednesday, July 6, Finance Secretary Benjamin E. Diokno said the economy, as...
Finance Secretary Benjamin E. Diokno said the proposed Bulacan Airport City Special Economic Zone and Freeport had carried substantial fiscal risks to the government. In an interview with ANC on Wednesday, July 6, Diokno affirmed former Finance Secretary Carlos G. Dominguez III’s call to the...
The Department of Finance (DOF) said on Wednesday, July 6, that the government wants to accelerate the revival of the local mining industry to support the country’s economic recovery. After the industry was sidelined in the past couple years due to environmental concerns, Finance Secretary...
Finance Secretary Benjamin E. Diokno clarified that President Marcos is not disputing the Philippine Statistics Authority’s (PSA) June inflation report, saying the chief executive only misinterpreted the data given to him. In a televised interview over ANC on Wednesday, July 6, Diokno explained...
