The national government posted a bigger budget deficit in the first month of the year owing to higher interest payments, data from the Bureau of the Treasury showed. The government incurred a P23.4 billion fiscal gap in January 2022, higher by 66.3 percent compared with P14.1 billion in the same...
(SCREEN GRAB FROM PTV FACEBOOK PAGE) The Department of Social Welfare and Development (DSWD) will be submitting a request for exemption from the public spending ban under Commission on Elections (Comelec) Resolution No. 10747 this week. DSWD spokesperson Director Irene Dumlao said the department is...
The Duterte administration’s budget deficit registered only a marginal increase last November owing to improved revenue collections, data from the Bureau of the Treasury showed. The national government incurred a P128.7 billion fiscal gap last month, up by only 0.33 percent compared with P128.3...
The Duterte administration’s budget deficit widened in October owing to higher spending. The Bureau of the Treasury reported on Thursday, Nov. 25, that the national government incurred a P64.3 billion fiscal gap during the month, an increase of 2.9 percent compared with P61.4 billion in the same...
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...
WASHINGTON, United States – President Joe Biden said Thursday he is confident Congress will pass a mammoth middle class spending plan that can "change the trajectory" of the United States. US President Joe Biden (AFP/File) In a speech at the White House, Biden said rebuilding the US economy...
Secretary Carlito Galvez Jr., chief implementer of the National Task Force (NTF) Against COVID-19, readily responded Thursday night, Sept. 2, when he was bombarded by President Duterte with questions on the government's procurement of personal protective equipment (PPEs) in the early months of the...
The Department of Budget and Management (DBM) said the government will continue to invest heavily in infrastructure projects next year, but at the same time provide essential funding support to foster socioeconomic recovery. In a statement, the DBM said Monday, August 23, that the national...
Majority of Filipinos (52%) will be tightening the purse strings this Christmas, which could push holiday sales substantially lower, a survey said. According to new research by global financial comparison website Finder.com, 52 percent of Filipinos aged 18 and above – equivalent to 35.5 million...
Piolo Pascual Can you tell how "old" Piolo Pascual is? Truth is, the actor is 43but he is as dashing as when he was 20. In a virtual media event, Piolo revealed the secret to his youthful looks. "I've always believed na if you have positive outlook in life, mag-mamanifest siya...
