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...
The Commission on Elections (Comelec) Second Division granted the petition to disqualify Cagayan Governor Manuel Mamba for violating Sec. 261 (v) (2) of the Omnibus Election Code (OEC) and Resolution No. 10747. MB file photo In the resolution released on Thursday, Dec. 15, the Second Division...
The biggest problem when it comes to the national budget is spending it properly. Deputy Speaker Ralph Recto (Facebook) This was the gist of House Deputy Speaker and Batangas 6th district Rep. Ralph Recto's statement Monday, Aug. 22, which he gave on the same day that the lower chamber received the...
Public infrastructure spending increased in May this year driven by the ongoing two railway projects, the Department of Budget and Management (DBM) reported on Tuesday, July 19. Based on the DBM's May disbursement performance report, the government’s infrastructure and other capital outlays...
The Commission on Elections (Comelec) on Monday, May 23, belied rumors that the poll body has already used the budget allocated for the conduct of barangay elections. Comelec Commissioner George Erwin M. Garcia (JEL SANTOS/MANILA BULLETIN) During a media briefing, Comelec Commissioner George Erwin...
The Commission on Elections (Comelec) announced on Thursday, April 28 that it has granted a petition for exemption for the programs and projects of four more government institutions. MB file photo During a press conference, Commissioner George Erwin Garcia disclosed that the poll body granted the...
