Senator Sherwin Gatchalian underscored the importance of local government units' (LGUs) role in addressing issues related to food inflation. In particular, the senator zeroed in on the adherence to Executive Order (EO) 41. According to Gatchalian, the said EO, signed by President Marcos...
President Marcos has assured those who may be affected by the impending El Niño phenomenon that the government is ready to assist them to weather the effects of the dry spell. President Ferdinand ‘Bongbong’ Marcos Jr. (Argyll Geducos) Marcos said this in an interview with reporters in Nueva...
The Department of Finance (DOF) is calling on local government units (LGUs) to update their real property taxation (RPT) to alleviate financial challenges that hinder their capacity to deliver optimal services to their constituents. In a statement on Wednesday, Dec. 13, Finance Secretary Benjamin...
A total of 256 Local Disaster Risk Reduction and Management Councils (LDRRMCs) were conferred with the coveted ‘beyond compliant’ Gawad KALASAG Seal for their exceptional contributions in strengthening the resilience of communities against disaster risks, according to the Department of the...
Contract of service and job order workers in the government will receive service recognition incentive and gratuity pay this year. President Marcos has signed two administrative orders (AO) —Nos. 12 and 13—granting incentive and gratuity pay to government personnel. Through AO No. 12,...
Government debt swelled in October even as the peso's depreciation against the US dollar provided some relief, data from the Bureau of the Treasury showed. The government's outstanding debt as of end-November stood at P14.48 trillion, an increase of P212.13 billion compared to the September figure...
State-owned companies had their budgetary support reduced in October as the government did not provide financial aid to the Philippine Health Insurance Corp. (PhilHealth) during the month. Data from the Bureau of the Treasury showed that subsidies to government-owned and -controlled corporations...
Due to the holiday season, the national government has scaled back its domestic borrowing plan for the month of December. Data from the Bureau of the Treasury showed that the Marcos administration intends to borrow just P60 billion next month, a substantial decrease from November's P225 billion....
The government's maiden borrowing in the Islamic debt market drew an overwhelming response from investors, supported by the Philippines’ robust economic fundamentals. In a statement on Thursday, Nov. 30, the Bureau of the Treasury announced that the government successfully raised $1 billion from...
Over P541 million will be allotted for climate adaptation projects to local government unit (LGU) beneficiaries, the Department of Finance (DOF) said. This as President Ferdinand R. Marcos, Jr. approved the People’s Survival Fund (PSF) Resolutions. The PSF had an initial capitalization of P1...
The Marcos administration was able to cut the budget deficit by more than half for the year due to strong revenues, data from the Bureau of the Treasury revealed. The fiscal gap of the national government amounted to P34.4 billion last month, showing a 65 percent decrease compared to P99.1 billion...
Department of Finance (DOF) Secretary Benjamin Diokno is asking local government units (LGUs) to speed up their spending given their budget surplus because of the lack of investments. President Ferdinand Marcos Jr. (2nd right) presides over a sectoral meeting in Malacañang on Tuesday, Nov....
