Malacañang assured the public that the government is spending the country's borrowings efficiently as the country availed itself of more loans amid the ongoing Covid-19 pandemic. File photo of residents maintaining social distancing as they wait for their turn to get the cash assistance or "ayuda"...
Government debt load in March soared by more than half a trillion pesos in the month of March alone on the back of borrowing spree from domestic and foreign lenders, data from the Bureau of the Treasury revealed. The gargantuan borrowing in March brought the national government debt stock to...
Manila Mayor Isko Moreno might be having an “emotional meltdown” as he continues to attack Vice President Leni Robredo after realizing that his dream of becoming the country’s next president seems to be slipping away from him, former Senator Antonio Trillanes IV said on Sunday, April 24....
Malacañang on Thursday, April 7, defended the country's outstanding debt, adding that it is needed to fund the programs and projects intended for the welfare of Filipinos. (FILE PHOTO) Communications Secretary Martin Andanar issued the statement after presidential candidate Senator Panfilo Lacson...
Presidential aspirants Senators Manny Pacquiao and Panfilo “Ping” Lacson are among the candidates who are vocal in saying they are in favor of banning political dynasties during the Commission on Elections (Comelec) presidential debate held on Sunday night. Pacquiao, however, said that even if...
Senator Aquilino “Koko” Pimentel III has filed a resolution calling for a Senate inquiry into the apparent failure of the Bureau of Internal Revenue (BIR) to collect the estate tax obligation due on the estate of the family of former president Ferdinand Marcos. In filing Senate Resolution No....
Opposition coalition 1Sambayan on Saturday, April 2, denied Senator Imee Marcos’ accusations that the matter of her family’s P203-billion estate tax debt was a smear campaign against his brother, former Senator Ferdinand Marcos Jr., even though it has been 23 years since the Supreme Court ruled...
Government debt continued to snowball in February, driven mainly by both domestic and offshore borrowings as well as foreign exchange fluctuations. The Bureau of the Treasury reported Thursday, March 31, that the outstanding debt of the national government stood at P12.093 trillion as of February,...
“Worst kind of black propaganda.” This was how retired Supreme Court Senior Associate Justice Antonio Carpio described the statement by former Senator Ferdinand Marcos Jr.’s spokesman Vic Rodriguez, who said that the P203-billion estate tax debt by the Marcoses is still “pending in...
Retired Supreme Court Senior Associate Justice Antonio Carpio on Thursday, March 24, called for the Bureau of Internal Revenue (BIR) to file a criminal case against former Senator Ferdinand Marcos Jr. for failing to pay his family’s P203-billion estate tax debt. 1Sambayan lead convenor Antonio...
Vice President Leni Robredo took a swipe at her fellow presidential candidate, former Senator Ferdinand Marcos Jr., for the latter’s failure to settle his family’s P203.819-billion estate tax debt to the government, saying it could be used for delivering social services to the needy. Former...
Debt payments by the Philippine government breached the P1-trillion mark last year amid heightened borrowings during the prolonged pandemic, data from the Bureau of the Treasury showed. From January to December 2021, the national government’s debt servicing amounted to P1.204 trillion, an...
