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...
Senatorial candidate Gilbert “Gibo” Teodoro said on Sunday he is optimistic that the next set of members in Congress would play a crucial role in helping the new administration manage its public debt with P12-trillion worth of loans. The former Tarlac represenative and 1989 Bar toopnotcher said...
Senatorial candidate and Sorsogon Governor Francis ‘’Chiz’’ Escudero on Saturday, March 12 strongly suggested that government consider realigning funds or passing a supplemental budget as he warned of more oil price hikes that would require greater fuel subsidy for affected sectors in the...
If there's one program that the UniTeam tandem of former senator Bongbong Marcos and Davao City Mayor Sara Duterte-Carpio would want to resuscitate, it's the CHED Scholarship Program or CSP. Davao City Mayor Sara Duterte and former senator Bongbong Marcos (Lakas-CMD Media) "The UniTeam stands firm...
The Department of Budget and Management (DBM) has released P3 billion to fund the government’s fuel subsidies for the public utility vehicle (PUV) and the agriculture sector. DBM Officer-in-Charge Undersecretary Tina Rose Marie L. Canda said on Thursday, March 10, that they released P2.5 billion...
The problems concerning the country’s healthcare sector that were exposed during the height of the Covid-19 pandemic will remain high up on the list of priorities of Partido Reporma standard-bearer Senator Panfilo ‘"Ping" Lacson and running mate Senate President Vicente Sotto III even as the...
The Duterte administration’s budget deficit fell below ceiling last year driven mainly by higher than expected revenues as well as slightly below programmed spending, the Bureau of the Treasury reported. Data from the Treasury bureau showed Tuesday, March 1, that the national government incurred...
Senator Panfilo ‘Ping’ M. Lacson intends to equip the members of the Armed Forces of the Philippines (AFP) with more military technology as the future of warfare is going to get more digital and electronic. Lacson, Partido Reporma chairman and standard-bearer, revealed this plan in a public...
Presidential candidate Senator Panfilo "Ping" M. Lacson on Friday, Feb. 25 said keeping the national budgets for the coming years fat-free would be crucial in helping the country recover from the effects of the COVID-19 pandemic. Lacson stressed this as he voiced his support for the National...
Gov’t readies ‘targeted assistance’ as oil prices rise By Chino S. Leyco Amid calls to suspend taxes on petroleum, President Duterte’s economic managers announced that the government will instead provide targeted relief assistance and support to sectors affected by the skyrocketing oil...
Debt-watcher Fitch Ratings expects the ratio between the country’s economic output and the government’s budget deficit would remain above its pre-pandemic levels next year. Fitch Ratings said the government’s fiscal deficit-to-gross domestic product (GDP) ratio, a closely watched indicator of...
DBM releases P7.9-B for HCW allowances By Chino S. Leyco The Department of Budget and Management (DBM) has released nearly P8 billion to the new compensation system that replaced the special risk allowances given to healthcare workers (HCWs) In a statement, the DBM said on Thursday, Feb. 17, that...
