The Department of Finance (DOF) said that expenditures for debt burden make up only around a tenth of the Marcos administration’s proposed national budget next year. In a statement on Thursday, Aug. 25, Finance Secretary Benjamin E. Diokno said it was incorrect to cite debt burden as one-third of...
Trade and Industry Secretary Alfredo E. Pascual has assured that development and promotion of the health industry will be a major thrust for development during the six year term of President Ferdinand Marcos Jr. administration. Pascual was reacting to the challenge by Senator Pia Cayetano, author...
The Department of Finance (DOF) will continue borrowing mostly from the domestic debt markets under the Marcos administration on the back of the growing appetite of Filipino retail investors in government securities. In a statement on Tuesday, Aug. 23, Finance Secretary Benjamin E. Diokno said...
Malacañang remains tight-lipped on calls for President Ferdinand "Bongbong" Marcos Jr. to designate a full-time Department of Agriculture (DA) secretary to focus on issues affecting the agriculture sector. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) "We have no...
The Marcos administration would spend at least a fifth of its first full-year budget for infrastructure projects, the Department of Budget and Management (DBM) said on Monday, Aug. 22. In a statement, Budget Secretary Amenah F. Pangandaman said a total of P1.196- rillion have been allocated for the...
Press Secretary Trixie Cruz-Angeles has recovered from Covid-19, she said on Monday, Aug. 22. Press Secretary Trixie Cruz-Angeles (Photo courtesy of the Office of Press Secretary) Angeles tested negative for the disease after undergoing a seven-day mandatory isolation. She said she is back to work...
The Department of Fiannce (DOF) vowed to work with Congress for the passage of priority reforms under the Marcos administration’s Medium Term Fiscal Framework (MTFF) that aims to steer the country back to a high growth trajectory. In a statement on Friday, Aug. 19, Finance Secretary Benjamin E....
A scheme to smuggle sugar into the country using "recycled import permits" was uncovered after Malacañang ordered a series of inspections on warehouses suspected to be hoarding sugar. (Photo courtesy of BOC) Malacañang disclosed on Friday, Aug. 19, that a shipment of 7,021 metric tons of sugar...
The country's resident "fault finder" did not steer away from his profession when it comes to his values when he talked about “earthly” attributes of public servants in his message during his first official flag ceremony as the new head of the Department of Science and Technology (DOST). DOST...
The Department of Finance (DOF) assured the Senate that the national debt remains within manageable levels, allaying fears of the country defaulting on loans amid a slightly elevated debt-to-gross domestic product (GDP) ratio. Finance Secretary Benjamin E. Diokno issued the statement in response to...
The Philippines must sustain its high-growth trajectory for at least two more decades to attain high-income status and eradicate poverty in the long term, the National Economic and Development Authority (NEDA) said. In a statement, Socioeconomic Planning Secretary Arsenio M. Balisacan said that...
The Department of Budget and Management (DBM) will submit to Congress the Marcos administration’s first full-year 2023 proposed budget next week. At the Economic Journalists Association of the Philippines (EJAP) forum, Budget Secretary Amenah F. Pangandaman said the proposed P5.268-trillion...
