The Duterte administration’s budget deficit breached the P1 trillion mark in November due to higher spending and lower revenues amid the coronavirus-induced economic recession, data from the Bureau of the Treasury revealed. The national government incurred a P1.069 trillion fiscal gap in January...
The Duterte administration’s budget deficit is nearing the P1 trillion mark in January to October this year as the government continued to struggle in raising revenues due to the coronavirus-induced crisis. Data from the Bureau of the Treasury showed the national government incurred a P940.6...
After 9 months to Sept. The national government’s budget deficit slid in September this year as both revenues and spending contracted during the month, data from the Bureau of the Treasury showed. The Duterte administration incurred a P138.5 billion fiscal gap last month, down by 22 percent...
Now that deliberations on the proposed P4.5 trillion 2021 national budget is on its final stage, a Makati-based think tank has called on the Duterte administration to make spending transparent to the people, especially in a time when huge budget allocations are needed to be responsive to health and...
The Procurement Service of the Department of Budget and Management (PS-DBM) has called on local companies to participate in the government-wide purchase of medical supplies for the COVID-19 response. As part of government’s effort to help local enterprises during the pandemic, the PS-DBM said it...
The Procurement Service of the Department of Budget and Management (PS-DBM) denied the government lost P1 billion from the purchase of personal protective equipment (PPEs) from a number of foreign suppliers. In a statement, PS-DBM said yesterday that the government did not lose a single centavo...
