Senator Panfilo “Ping” Lacson on Saturday raised concerns over what he described as “questionable” lump-sum appropriations for infrastructure projects included in the proposed P7.2-trillion national budget for 2027. Lacson said he would seek clarification from the government agencies...
Cabinet-level interagency Development Budget Coordination Committee (DBCC) has projected weaker state spending on infrastructure for 2027, even as the government seeks to revive flood control funding. According to the updated national government fiscal program for 2025 through 2029, the DBCC...
President Marcos’ economic team downgraded its growth targets and raised its inflation forecasts for the year due to heightened domestic governance issues, geopolitical tensions in the Middle East, and the looming El Niño phenomenon threaten to disrupt the country’s economic momentum. The...
Think tank Capital Economics expects the Philippine economy to grow below the government’s downgraded targets over the next three years, warning that the country’s recovery would likely remain sluggish as weak confidence, tight fiscal policy, and the lingering impact of recent shocks weigh on...
Malacañang expressed confidence that the Philippine economy will post stronger growth in the second half of the year despite the government 's decision to lower its gross domestic product (GDP) growth forecast for 2026. Presidential Communications Office (PCO) Undersecretary Claire Castro...
President Marcos’ economic managers are poised to lower the country 's economic growth targets as the lingering effects of state underspending, an infrastructure corruption scandal, and external inflationary pressures weigh down the near-term outlook. In an interview on TV5’s Money Talks,...
The government’s economic managers are recalibrating key economic assumptions amid evolving global and domestic developments, Malacañang said on Monday, June 1. Presidential Communications Office Undersecretary Claire Castro said the Development Budget Coordination Committee (DBCC) recently met...
President Marcos will meet with the Development Budget Coordination Committee (DBCC) on Tuesday, April 7, to discuss the recommendation on the possible suspension of excise taxes on petroleum products. Palace Press Officer and Communications Undersecretary Claire Castro disclosed this in a Palace...
A move is underway in the Senate to lower the value-added tax (VAT) imposed on purchased goods and services. Under Senate Bill No. 1552 filed by Senator Erwin Tulfo, Section 106 of the National Internal Revenue Code would be amended to bring down the current 12 percent VAT to 10 percent. The...
Due to lingering global trade uncertainty, coupled with the Philippines’ weaker competitiveness, the Marcos administration’s economic team has cautioned that the country’s goods exports could face significant pressure this year. “Philippine goods exports face significant risks in 2025 from...
Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
The government has programmed ₱419.9 billion in infrastructure spending for the third quarter, the biggest quarterly infra disbursement for 2025, at a time when allegedly fraudulent flood control projects are taking the spotlight amid concerns about some wasteful and corruption-laden public...
