The government is expected to generate significantly higher revenues from imported non-agricultural fertilizer products this year as global fertilizer prices surge due to the ongoing Middle East crisis. Citing Bureau of Customs (BOC) data, think tank Congressional Policy and Budget Research...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. My warmest greetings of peace, love, and unity to you and your families on this sacred occasion of Eid al-Adha, or the Feast of Sacrifice. Today, I join my Muslim brothers and sisters to celebrate not just a religious tradition, but a...
Ombudsman Jesus Crispin “Boying” Remulla on Tuesday, May 26, said the Office of the Ombudsman (OMB) is preparing what he described as the “grandest case of them all” against former House Speaker Martin Romualdez in connection with an alleged conspiracy involving the national budget. During...
The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
Senator Panfilo "Ping" Lacson on Saturday, May 23, said that the Senate 's current leadership must make sure the institution remains a model of transparency in crafting the national budget. Lacson, a watchdog of the national coffers, said this just two months before the executive submits the...
President Marcos’ newly appointed budget chief vowed a sweeping crackdown on fiscal leaks and corruption during his first official address on Wednesday, May 20, drawing a hard line against the repeat of recent infrastructure funding controversies that have plagued public infrastructure spending....
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Last April 22, PAGASA officially raised the country’s status from El Niño Watch to El Niño Alert. But long before the announcement came out, many Filipinos were already feeling the changes themselves. The heat has become heavier these...
A Department of Public Works and Highways (DPWH) engineer on Tuesday, May 19, testified before the Third Division of the Sandiganbayan that the insertion of projects through “errata” or proposed amendments had allegedly happened several times in the past. Engineer Gerald Longoria, of the DPWH...
President Ferdinand R. Marcos Jr. appointed former Undersecretary Kim Robert de Leon as the new Secretary of the Department of Budget and Management, charging the policy veteran with accelerating state spending to counter the slowing economy and an ongoing energy crisis. De Leon, who becomes the...
President Marcos has appointed Department of Budget and Management (DBM) Undersecretary Kim Robert de Leon as the country’s new Budget Secretary, making him the youngest person to head the agency. Presidential Communications Office (PCO) Undersecretary Claire Castro announced De Leon’s...
The Marcos administration’s infrastructure spending plunged by more than two-fifths in the first quarter, dealing a significant blow to state-led economic momentum as agencies tightened oversight following the high-profile corruption scandal. According to the latest national government...
More than a decade after the World Bank approved financing for the Cebu Bus Rapid Transit (BRT) Project, the flagship urban transport initiative remains far from achieving its original objectives, with only a short section of the corridor substantially completed before the loan expires in...
