Efficient implementation of catch-up plans has positioned the Marcos administration to exceed its infrastructure spending target for this year, data from the Development Budget Coordination Committee (DBCC) showed. The DBCC, an inter-agency body responsible for setting the government’s...
The Marcos administration was able to cut the budget deficit by more than half for the year due to strong revenues, data from the Bureau of the Treasury revealed. The fiscal gap of the national government amounted to P34.4 billion last month, showing a 65 percent decrease compared to P99.1 billion...
The National Economic and Development Authority (NEDA) said achieving the lower end of the government's growth target range is still achievable due to increased public spending and the upcoming holiday season. During a briefing in San Francisco, California, NEDA Secretary Arsenio M. Balisacan...
More government spending seen in the third quarter will help pick up the six percent to seven target economic growth by year-end, Department of Finance Secretary Benjamin E. Diokno said. During a forum with Reuters, Diokno pointed out several indicators that will help boost economic growth by...
In response to the call of the Marcos administration to accelerate government spending in the second quarter of the year, the Department of Public Works and Highways (DPWH) and the Department of Social Welfare and Development (DSWD) topped the spending of government agencies this third quarter....
The Development Budget Coordination Committee (DBCC) expects that the national government's budget deficit would widen in the latter part of the year, driven by catch-up spending. In the DBCC mid-year report, the inter-agency body responsible for determining the government's macroeconomic...
Public spending likely exceeded the government's third-quarter program by a tenth, driven by accelerated infrastructure expenditures, the Department of Budget and Management (DBM) said. In the National Government's August 2023 disbursement report, the DBM indicated that the Marcos...
The government's chief economic manager expects better growth in the second half of the year as public spending picks up after a slow start in 2023. Finance Secretary Benjamin E. Diokno said the gross domestic product (GDP) growth rate from July to December could surpass the average of 5.35 percent...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expects that speeding up government spending during the second half of the year could improve the country’s growth rate by the end of 2023. NEDA Secretary Arsenio Balisacan (Photo from the Presidential Communications...
The Marcos administration's economic managers on Thursday, Aug. 10, recommended an accelerated government spending in the coming quarters to recover its growth momentum following the 4.3 percent expansion of the country's gross domestic product (GDP) in the second quarter of 2023. (File...
Albay 2nd district Rep. Joey Salceda (Facebook) Saying that Mayon Volcano could "erupt violently" anytime, Albay 2nd district Rep. Joey Salceda is seeking the exemption of national government agencies involved in relief work such as the Department of Social Welfare and Development (DSWD) from the...
The House Committee on Appropriations chairman has reminded the different government agencies to spend their budgets well in order for benefits like newly-generated jobs to trickle down to common Filipinos. This, as committee chairman Ako Bicol Party-list Rep. Zaldy Co noted in a statement...
