Senate Minority Leader Franklin Drilon on Tuesday, May 4 questioned the “speedy” release of P10.6-billion out of the P19-billion controversial budget of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC). The move comes after majority of the lawmakers called for the...
Senator Sherwin Gatchalian on Tuesday urged state economic managers to allocate more funds for the education sector in next year’s proposed national budget to help the sector’s recovery from the negative impact of the coronavirus disease (COVID-19) pandemic. Gatchalian said the government...
Senator Risa Hontiveros has filed a measure urging the Commission on Audit (COA) to conduct a special audit of the government’s spending for its coronavirus disease (COVID-19) response under the two laws Congress passed to combat the negative impact of the pandemic. In filing Senate Resolution...
The Department of Budget and Management (DBM) assured that it will implement next year the Supreme Court ruling transferring more funds to local government units (LGUs), which the Asian Development (ADB) warned could disrupt public spending. Budget Secretary Wendel E. Avisado said they already...
The national government’s budget deficit more than doubled last month amid lower revenues and higher spending, data from the Bureau of the Treasury showed. The government incurred a fiscal gap of P191.4 billion in March, higher by 167 percent compared with P71.6 billion in the same month last...
Five senators have called for a Senate inquiry to look into the performance of the government's anti-insurgency task force and its utilization of its P19-billion budget this year. AFP Southern Luzon Command chief and NTF-ELCAC spokesperson Lt. Gen. Antonio Parlade, Jr. (PNA) Senate President Pro...
Albay Representative Joey Sarte Salceda has filed House Bill No. 9214, or the Budget Modernization Bill, a priority of the economic managers of the Duterte administration. The bill, which contains the administration’s version of the budget reform, sets the ground rules for the use and allocation...
Senate Minority Leader Franklin Drilon on Friday, April 23, called on the leadership of the Upper Chamber to compel the controversial National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) to report its use of its P19-billion budget. Drilon issued the appeal as he reiterated his...
At P14.1 billion The Duterte administration’s budget in January swung to deficit from surplus in the previous year as the coronavirus-induced economic crisis continued to drag-down the government’s tax collections. Data from the Bureau of the Treasury revealed on Wednesday, March 17, that the...
President Duterte said he was getting ready to increase the salary of teachers but the coronavirus disease (COVID-19) foiled his plan and forced him to allocate the funds for the government's pandemic response efforts. President Rodrigo Roa Duterte (ALBERTO ALCAIN/ PRESIDENTIAL PHOTO / MANILA...
Only representatives from three government agencies – Department of Finance (DOF), Department of Budget and Management (DBM), and Department of Justice (DOJ) – will have the final say on how the Coconut Farmers and Industry Trust Fund (CFITF) will be managed and use. Based on the Republic Act...
The Duterte administration borrowed a record P2.74 trillion last year to bridge the ballooning budget deficit induced by the coronavirus pandemic, data from the Bureau of the Treasury showed. The national government’s gross borrowings accelerated by 170 percent in January to December last year to...
