By Keith Sigfred Ancheta In 2009, during the 15th Conference of Parties to the United Nations Framework Convention on Climate Change (COP15), developed countries announced an ambitious climate finance goal—that developed countries would mobilize $100 billion annually by 2020 to developing...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the...
The approved national budget of nearly P6 trillion for next year will accelerate the country’s economic growth amid looming drought and high inflation, the country’s economic team stressed. President Ferdinand R. Marcos Jr. has signed into law the General Appropriations Act of 2024 which will...
The government will stick to its growth targets of 6.5 percent to 8 percent for the medium term, National Economic and Development Authority Secretary Arsenio M. Balisacan said on Wednesday, Dec. 13. Balisacan told reporters that the highest range could still be reduced but there are no plans to...
The target ratio for the country’s debt as a share of the gross domestic product (GDP) for the medium term is attainable, Department of Finance Secretary Benjamin E. Diokno said. In a panel discussion with the Philippines’ economic managers, Diokno said that the government’s target ratio will...
The adoption of the enhanced Land Sector Development Framework and Roadmap (LSDF) 2019-2040 has gained support and pledges from different organizations during the recent National Governance Summit. With the Department of Environment and Natural Resources-Land Management Bureau (DENR-LMB), together...
The National Economic and Development Authority (NEDA) Board chaired by President Ferdinand R. Marcos, Jr., approved last December 16 the Philippine Development Plan for 2023-2028, with the following key macroeconomic targets: gross domestic product (GDP) growth ranging from 6.5 to 8.0 percent;...
The Philippines has signed an agreement with South Korea for a total loan worth 3 billion US dollars, which is earmarked for the country's infrastructure projects. Department of Foreign Affairs (DFA) Secretary Enrique Manalo and Korean Ambassador to the Philippines Kim In Chul signed on Wednesday...
A Quezon City congressman has filed a measure that's in line with President Ferdinand "Bongbong" Marcos Jr.'s declaration during the 77th session of the United Nations (UN) General Assembly that food was “the very basis of human security". Quezon City 5th district Rep. PM Vargas (Facebook)...
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....
House officials led by Speaker Martin Romualdez discussed with Depaetment of Finance (DOF) Secretary Benjamin Diokno on Thursday, Aug. 4 the Marcos administration’s Medium-Term Fiscal Framework (MTFF), which is seen to consolidate fiscal management and resource mobilization toward the fulfillment...
The House of Representatives, on Monday, Aug. 1, adopted House Concurrent Resolution (HCR) 2 which expresses the lower chamber’s support for the Marcos Administration’s Medium-Term Fiscal Framework (MTFF). The House of Representatives (MANILA BULLETIN FILE PHOTO) Read:...
