The national government, during President Marcos’ first month in office, incurred a much lower budget deficit owing to strong tax collections and slower spending, data from the Bureau of the Treasury showed. The Treasury bureau reported on Friday, Aug. 26, that the Marcos administration’s...
The Department of Finance (DOF) said that expenditures for debt burden make up only around a tenth of the Marcos administration’s proposed national budget next year. In a statement on Thursday, Aug. 25, Finance Secretary Benjamin E. Diokno said it was incorrect to cite debt burden as one-third of...
The Department of Finance (DOF) will continue borrowing mostly from the domestic debt markets under the Marcos administration on the back of the growing appetite of Filipino retail investors in government securities. In a statement on Tuesday, Aug. 23, Finance Secretary Benjamin E. Diokno said...
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....
The Department of Finance (DOF) assured the Senate that the national debt remains within manageable levels, allaying fears of the country defaulting on loans amid a slightly elevated debt-to-gross domestic product (GDP) ratio. Finance Secretary Benjamin E. Diokno issued the statement in response to...
Consumers may get some relief soon from higher prices as the Department of Finance (DOF) has seen signs inflation may have peaked in July on the back of decelerating global crude prices. In a statement on Wednesday, Aug. 17, Finance Secretary Benjamin E. Diokno said the country could have reached...
The Department of Finance (DOF) said the Marcos administration would push for a new mining fiscal regime to increase public tax revenues and promote transparency. During a Senate hearing on Tuesday, Aug. 16, Finance Secretary Benjamin E. Diokno said that the proposal rationalization of the mining...
The Department of Finance (DOF) wants to amend the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law to lure private investments to Public-Private Partnerships (PPP). In a statement on Tuesday, Aug. 16, Finance Secretary Benjamin E. Diokno said the DOF is planning to...
State-owned Land Bank of the Philippines remained the largest lender to the agriculture sector, the Department of Finance (DOF) announced. In a statement on Friday, Aug. 12, Finance Secretary Benjamin E. Diokno said that Landbank, the country’s second largest bank in terms of assets, has a total...
The World Bank is eager on supporting the government’s bid to digitalize services and modernize the bureaucracy, the Department of Finance (DOF) said. In a statement Thursday, Aug. 11, Finance Secretary Benjamin E. Diokno said the Washington-based multilateral institution was willing to extend...
The Asian Development Bank (ADB) would focus its support to the Philippines on climate action, climate smart transport and communication, and investing in Filipinos’ welfare for the next six-year, the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 10, Finance Secretary...
The Department of Finance (DOF) said the local jobs market has continued to improve, citing positive figures from the Philippine Statistics Authority’s (PSA) June 2022 Labor Force Survey results. In a statement Tuesday, Aug. 9, Finance Secretary Benjamin E. Diokno said that while the June...
