President Marcos' economic managers have revised their growth projections for this year and adjusted their outlook for the following years amid global uncertainties. Budget Secretary Amenah F. Pangandaman said in a statement that the country’s economy, as measured by gross domestic product (GDP),...
President Marcos' economic team plans to reassess the country's macroeconomic assumptions following a significant slowdown in consumer prices, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said that the economic managers might consider revising the 2024...
State economic managers should also consider forming a Cabinet tourism cluster that would be in charge of addressing the multi-faceted problems of the tourism industry, as well as taking care of the country’s “crown jewels” such as Siargao, Palawan and other tourist destinations. ...
Senator Alan Peter Cayetano urged the government to implement a more efficient approach in distributing financial assistance noting how administrative costs are eating up on the funds instead of benefitting Filipinos in need. Cayetano said with the government agencies’...
Department of Finance (DOF) Secretary Ralph Recto on Wednesday, August 14 said that the Maharlika Investment Fund (MIF) has not yet ventured into any investments and has only spent “very minimal” funds. Department of Finance (DOF) Secretary Ralph Recto (Senate PRIB Photo) ...
State economic managers should find time to consolidate the Marcos administration’s economic strategy and be cohesive about it, Senate Deputy Minority leader Risa Hontiveros said. Hontiveros noted that the current plans of the Department of Finance (DOF), Department of Budget and...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez set the tone for the start of the deliberations of the P6.352-trillion 2025 National Expenditure Program (NEP) Monday, Aug. 5 by saying that the country's economic...
The Bureau of Internal Revenue (BIR), the government’s main tax agency, fell short of its tax collection target for the first half of the year, data released by the Department of Finance (DOF) revealed. A report on the DOF’s official Facebook page showed that the BIR, responsible for generating...
Members of the Development Budget Coordination Committee (DBCC) are scheduled to convene next week to assess the country’s economic targets. Budget Secretary Amenah F. Pangandaman said that the inter-agency body responsible for setting the government’s macroeconomic assumptions will hold a...
The Marcos administration is looking to ramp up the sale of government assets this year, data from the Development Budget Coordination Committee (DBCC) revealed. Based on the DBCC's quarter fiscal program approved last May 23, the national government expects to generate P42.12 billion in proceeds...
The Marcos administration has raised its budget deficit ceilings for the next five years to provide the necessary financial leeway to support the government's projects and programs. Based on the latest revenue and spending outlook from the Development Budget Coordination Committee (DBCC), the...
In response to global trade disruptions and geopolitical tensions, the Marcos administration has adjusted its economic growth targets, the Development Budget Coordination Committee (DBCC) announced. The DBCC, an inter-agency body responsible for setting the country's macroeconomic assumptions, has...
