The Marcos administration has again turned to foreign creditors to seek financial support for the national government's budgetary needs. In a notice on Tuesday, May 7, the government announced its issuance of a dual-tranche benchmark-sized US dollar bond, marking the first offshore debt offering by...
(GSIS) Members of the Makabayan bloc have filed two resolutions urging the House of Representatives to investigate, in aid of legislation, the Government Service Insurance System (GSIS) over its alleged inefficiencies and irregular investments. The group led by...
The national government's earnings from owning certain companies have already reached P88.6 billion, about an elevenfold increase from the P8 billion recorded last year. Speaking at the 2024 Government-Owned or -Controlled Corporations day, Finance Secretary Ralph G. Recto said that they expect to...
Senator Jinggoy Ejercito Estrada on Monday, May 6 expressed confidence there is sufficient time to study the proposal seeking a new round of salary increases for government workers. Estrada pointed this out after the Department of Budget and Management (DBM) reiterated that any...
The national government's debt dipped below the P15 trillion mark in March this year, driven by repayments to domestic creditors, the Bureau of the Treasury reported. According to the Treasury's report on Thursday, May 2, the national government’s outstanding debt decreased by 1.6 percent in...
In light of the pertussis outbreak in Sta. Rosa City, Laguna, the Government Service Insurance System (GSIS) has set aside P178 million for emergency loans to assist members and pensioners directly affected by the situation. In a statement, the pension fund for government workers said the...
Department of the Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. reiterated on Tuesday, April 30, that there were no irregularities during the multi-billion peso drug bust conducted by authorities in Alitagtag, Batangas. In a presentation during the hearing of the...
The Marcos administration plans to borrow more funds this year than initially planned, the Department of Finance (DOF) announced. In a statement, Finance Secretary Ralph G. Recto said on Monday, April 29, that the national government plans to borrow P2.57 trillion in 2024. The funds will be...
The Marcos administration's borrowing decreased in the first quarter of this year due to reduced funding from international creditors, data from the Bureau of the Treasury showed. Gross borrowings of the national government totaled P830.4 billion from January to March 2024, a 12 percent decline...
Senate Minority Leader Aquilino “Koko” Pimentel III on Sunday, April 28, urged the United States, Japan and Western European countries to extend their support to the Philippines as it battles the El Niño weather phenomenon. Pimentel said it is high time to prove that the...
The administration of President Marcos recorded a "much lower" index crime volume during its first 21 months compared to the same period during the previous administration, the Presidential Communications Office (PCO) reported. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) The...
The Marcos administration’s budget deficit shrank in March this year as revenue growth outpaced public spending, the Bureau of the Treasury reported. The fiscal deficit of the national government for the third month of the year was P195.9 billion, down from P210.3 billion in March 2023. Based on...
