The Department of Agriculture (DA) has announced that small farmers and fisherfolk facing potential disasters next year will be able to access financial assistance. Agriculture Secretary Francisco P. Tiu Laurel Jr. said the Philippine Crop Insurance Corp. (PCIC) has allocated P500 million as...
The Department of Finance (DOF) secured concessional financing for big-ticket infrastructure projects under President Marcos’ Build Better More Program as well as grants for various development projects to support the country’s rapid growth. Since the beginning of the Marcos administration, the...
President Marcos' chief economic manager assured Filipinos that they can depend on the government to mobilize efforts in addressing the expected rise in consumer prices, as inflationary pressures are projected to continue until next year. Finance Secretary Benjamin E. Diokno said that their top...
Senator Imee Marcos believes that the current administration should strengthen the implementation of former president Rodrigo Duterte's Executive Order (EO) No. 28, which sought to regulate and control the use of firecrackers and other pyrotechnic devices. Marcos made the remark on...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. It is truly a season of gratitude and hope! On Dec. 22, 2023, President Ferdinand Marcos Jr. (PBBM) signed the P5.768 trillion Fiscal Year (FY) 2024 General Appropriations Act (GAA). I believe that this is the best gift that our President...
The Department of Finance (DOF) assured that it will continue with its efforts to help local government units (LGUs) in fully taking over government functions and services. In a statement, the DOF said there will be a study on operationalizing full devolution, which will help delineate the...
The Department of Budget and Management (DBM) said the Marcos administration is making progress in reducing its reliance on borrowing to support spending, a positive development in its efforts to lessen the country's debt burden. Budget Secretary Amenah F. Pangandaman said the national government's...
The Department of Budget and Management (DBM) clarified that the unprogrammed funds in next year's budget do not contain actual money at present, and will only be utilized in the event of unexpected expenses and additional revenue. In a statement, Budget Secretary Amenah F. Pangandaman explained...
The Department of Agriculture (DA) said the government is committed to improving the country’s food production while lowering expenses, even in the face of the challenges and limitations. Agriculture Secretary Francisco Tiu Laurel, Jr. said the DA will prioritize ensuring food security next year,...
The National Economic and Development Authority (NEDA) has estimated that over seven million Filipinos could have escaped poverty if inflation had remained within the government's target over the last two years. NEDA Secretary Arsenio M. Balisacan said that the high inflation rate, which averaged...
The National Economic and Development Authority (NEDA) said the duration of the El Niño weather event may be shorter than initially estimated by the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA). NEDA Secretary Arsenio M. Balisacan said on Friday, Dec. 22...
The Department of Finance (DOF) is looking into a proposal setting a debt ceiling that would determine whether the national government should increase or decrease its borrowing. Finance Secretary Benjamin E. Diokno said the DOF will consider the International Monetary Fund's (IMF) proposal to adopt...
