The Marcos administration ramped up its domestic borrowing, causing a substantial increase in the government's overall financing in the first half of the year compared to the previous year. Data released by the Bureau of the Treasury showed that the national government's gross borrowings totaled...
President Marcos has issued Executive Order (EO) No. 64, increasing the government workers' salaries and granting them an additional allowance. Executive Secretary Lucas P. Bersamin, by authority of the President, signed EO 64 on August 2, 2024. It takes effect immediately. “Given the prevailing...
Two senators on Friday, August 2 welcomed the latest tranche of salary increases for government employees. “The prompt action to implement a salary increase for government workers is a commendable demonstration of the government’s commitment to ensuring the welfare of our civil...
The Department of Budget and Management (DBM) announced on Thursday, Aug. 1, that government workers can expect to get the first tranche of their promised wage hike this year. Budget Secretary Amenah Pangandaman (Malacañang photo) In a Palace presser, DBM Secretary Amenah Pangandaman...
The Government Service Insurance System (GSIS) said it has begun identifying and processing claims from government agencies affected by Typhoon Carina. In a statement, Wick Veloso, GSIS president and general manager, said they are contacting all government agencies, local government units (LGUs),...
The Philippines will receive $500 million in foreign military financing from the United States as Washington's help for Manila's efforts to modernize its military and the coast guard. "This level of funding is unprecedented," said US Defense chief Lloyd Austin after the 2+2 Ministerial Dialogue...
Government debt reached P15.48 trillion in June this year due to continued borrowing and the peso's depreciation against the US dollar, data from the Bureau of the Treasury showed. The national government's outstanding debt increased by seven percent in June from P14.52 trillion in the same month...
The P200 billion to be remitted by the national government from government-owned and controlled corporations will fund the salary increases of government employees and infrastructure programs. In his opening speech for the Senate Committee on Health and Demography, Department of Finance (DOF)...
The Philippine government is on track to surpass the P17 trillion debt threshold by the end of next year, data from the Department of Budget and Management (DBM) showed. Based on the Budget of Expenditures and Sources of Financing submitted to Congress, the Marcos administration expects to conclude...
The Marcos administration is charting a path towards fiscal consolidation by reducing borrowings next year, data from the Department of Budget and Management (DBM) showed. Based on the Budget of Expenditures and Sources of Financing presented to Congress, the government is planning to borrow P2.545...
San Jose del Monte City lone district Rep. Florida "Rida" Robes (Rep. Robes' office) San Jose Del Monte (SJDM) lone district Rep. Florida "Rida" Robes has committed to monitor the implementation of the newly-enacted Republic Act (RA) No.12009...
As roads going to Barangay Sta. Ines in Tanay, Rizal remain impassable, President Marcos has ordered the Office of Civil Defense (OCD) to lift government assistance via helicopters to about 3,000 families who were still stranded there due to the onslaught of Super Typhoon Carina and the enhanced...
