The national government’s budget deficit breached the P1 trillion mark in the first three quarters of the year, but cuts in expenditures allowed the Duterte administration to keep the funding gap below the ceiling. The Bureau of the Treasury reported Monday, Oct. 25, that the national...
Increases in public spending last month forced the national government to raise its budget deficit in the first eight-months of the year near the trillion peso mark. Bureau of the Treasury office The Bureau of the Treasury reported on Thursday, Sept. 23, that the Duterte administration’s fiscal...
The national government’s budget deficit narrowed in July this year due to slower public spending and higher revenue haul, the Bureau of the Treasury reported. The Duterte administration trimmed the government’s fiscal gap last month by 13.6 percent to P121.2 billion from P140.2 billion in July...
Women are slowly but surely "taking over" the top-level positions in the local mining sector, and it's probably for the better. (Photo by Brooke Lark/ Unsplash) No less than Department of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu acknowledged this development in a statement...
The Bangko Sentral ng Pilipinas (BSP) said the international investment position’s (IIP) net external liability is down by 64.9 percent to $4.8 billion as of end-September from end-June’s $13.6 billion. The BSP in a statement said the “steep decline” was due to the 6.3 percent increase to...
The Philippines remains in a strong fiscal position to meet the financial challenges posed by the coronavirus pandemic and ride out the global economic crisis, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government has the financial muscles to reboot the...
The country’s international investment position (IIP) registered a higher net liability position of $15 billion in the second quarter or up by 45.5 percent compared to $10.3 billion in the first quarter this year, the Bangko Sentral ng Pilipinas (BSP) said. The BSP said this is because the total...
