The Philippines has maintained its lead in Southeast Asia in the public participation indicator of the 2021 Open Budget Survey (OBS) conducted by the International Budget Partnership. Based on the results of the survey, the Philippines scored 35 points out of 100 in terms of the formal...
The Department of Finance (DOF) clarified that the imposition of value-added tax (VAT) on digital transactions only aims to ensure that everybody pays his fair share of taxes. Finance Secretary Benjamin E. Diokno said the proposed VAT on electronic or digital services does not impose new taxes,...
The Department of Finance (DOF) wants the government to end the free rollout of Covid-19 vaccines once shots become commercially available in the country. Finance Secretary Benjamin E. Diokno said the government should deputize the private sector for the procurement and administration of Covid-19...
The economic team of President Marcos will keep the government’s growth target this year despite the higher than expected pace of expansion recorded in the third quarter. Finance Secretary Benjamin E. Diokno said the inter-agency Development Budget Coordination Committee (DBCC) will keep its...
The Department of Finance (DOF) has thrown its support behind the proposed measure seeking the creation of a sovereign wealth fund with safeguards against political interference. During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said he expects President...
The Marcos administration plans to borrow more in US dollars as the Department of Finance (DOF) said the government is looking at tapping the hard-earned savings of overseas Filipino workers (OFWs). During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said...
Like his previous statement , President Ferdinand "Bongbong" Marcos Jr. said he would only leave the Department of Agriculture (DA) once he achieved the things he wanted to. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "Actually I have a schedule, I have a time table for that," Marcos...
Trade and Industry Secretary Alfredo E. Pascual expects EU companies, particularly German-owned, to tap the Euro300-billion EU Global Gateway Fund to participate in the Philippines’ infrastructure projects under the Private Public Partnership (PPP) arrangement. Pascual raised this opportunity in...
The Department of Budget and Management (DBM) has tapped its unprogrammed appropriation to fund the one-month requirement of a government aid to the poorest households in the country. Budget Secretary Amenah F. Pangandaman said the department approved the release of the Special Allotment Release...
The Department of Finance (DOF) lauded the decision of the House of Representatives to approve on final reading a proposed measure seeking to impose taxes on single-use plastics. In a statement, Finance Secretary Benjamin E. Diokno said the swift approval of House Bill (HB) 4102 or the Single-use...
Known for its picturesque sunsets and beaches, the newly-constructed seaside boulevard in the town of Ballesteros in Cagayan Province is expected to further boost its tourism industry, the Department of Public Works and Highways (DPWH) said on Monday, Nov. 28. The DPWH–Cagayan Second District...
Trade and Industry Secretary Alfredo E. Pascual said local producers will not only be given the token “margin of preference” but a “first crack” in government procurements as agencies will be required to source locally available supplies. Pascual said this as DTI is set to launch in the...
