House Ways and Means Committee chairman and Albay 2nd district Rep. Joey Salceda refuted on Monday, June 6 the claim made by the Department of Finance (DOF) that had Congress proposals pertaining to Covid-19 stimulus and subsidies been enacted, national debt would have climbed up to P15.4 trillion....
As the pandemic begins to slowdown and the economy further reopens, the national government’s borrowing requirement was significantly reduced in April mainly due to less financing coming from overseas lenders. Data from the Bureau of the Treasury on Sunday, June 5, showed that the government...
As the country’s debt stock continued to rise in April, Malacañang said Thursday that reducing the Philippine debt remains the government's priority. In fact, Communications Secretary Martin Andanar said, the Duterte administration’s economic team already “proposed a fiscal consolidation and...
The national government’s debt stock continued to rise in April this year, driven mainly by additional borrowings from both local and foreign creditors as well as the weakening peso against the US dollar, the Bureau of the Treasury reported. As of April 2022, the government’s total outstanding...
Economist and Albay 2nd district Rep. Joey Salceda says that to pay off the country’s Covid-19 debts, the next administration will have to generate around P326-billion in yearly revenue. Albay 2nd district Rep. Joey Salceda (Photo from Joey Sarte Salceda FB) As of January 2022, the Department of...
A lawyer of one of the groups that asked for presumptive president Ferdinand Marcos Jr.’s disqualification from the 2022 presidential race said that the former senator will be in power to decide on the myriad of issues that face his family, including reparation for the human rights victims during...
Finance Secretary Carlos G. Dominguez III said the administration of presumptive president Ferdinand “Bongbong” R. Marcos Jr. needs to increase government revenues while eliminating wasteful expenditures to get ahead of the country’s debt problem. After the Bureau of the Treasury reported...
The government debt as a proportion of the country’s economy inched up further in the first-quarter, supporting views that the administration of presumptive president Ferdinand R. Marcos Jr. will face a serious debt problem. The outstanding liabilities of the national government reached P12.679...
While the record P12.68-trillion national debt is manageable and vital for the country's continued growth, Presidential Adviser for Entrepreneurship Jose 'Joey' Concepcion III said the public must still focus on the ongoing threat of Covid-19 slowing down economic activity. Presidential Adviser for...
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....
