The House of Representatives has begun the period of sponsorship and debates on the 2023 General Appropriations Bill (GAB). Ako Bicol Party-list Rep. Zaldy Co (Screenshot from Facebook live) Ako Bicol Party-list Rep. Zaldy Co, chairman of the House Committee on Appropriations, delivered his...
The National Economic and Development Authority (NEDA) expects the amended implementing rules and regulations (IRR) of the build-operate-transfer (BOT) law to take effect next month. Socioeconomic Planning Secretary Arsenio M. Balisacan said the Cabinet-level BOT IRR Committee, chaired by the NEDA,...
The National Economic and Development Authority (NEDA) said the government is committed to transparency and participatory processes through active stakeholder engagement for public-private partnerships (PPP). In a statement, Socioeconomic Planning Undersecretary Joseph J. Capuno said they will...
The Senate Committee on Finance has started discussions on the proposed P5.268-trillion national budget on Wednesday, September 14. Finance Secretary Benjamin Diokno told the Senate finance panel, chaired by Sen. Sonny Angara, that the Marcos administration is committed to pursue a “robust...
NEDA identifies top priorities in PDP 2023-2028 By Chino S. Leyco The National Economic and Development Authority (NEDA) said social protection and human capital development will be among top priorities in the short to medium term under the upcoming Philippine Development Plan (PDP) 2023-2028....
The benchmark interest rate on debt falling due in 10-years declined at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 13. The coupon rate of the new 10-year Treasury bonds fetched at 6.75 percent, lower than the 7.75 percent when same instrument was sold in June...
Philippine benchmark interest rates for short-term loans rose prompting the Bureau of the Treasury to only borrow partially. On Monday, Sept. 12, auction of Treasury bills, the government rejected all bids for three-month IOUs. Likewise, the Treasury bureau failed to borrow through the sale of...
There will be no political dynasties should the Philippines shifts to a parliamentary form of government like that in the United Kingdom, National Security Adviser Clarita Carlos told senators in a hearing on Friday, September 2. There are no term limits and there is a very strong bureaucracy in a...
The entire judiciary will receive a total of P5.7 billion in additional funds under the proposed national budget for next year, 1-Pacman Party-list Rep. Mikee Romero disclosed on Thursday, Sept. 1. Supreme Court (SC) Romero, who is now the chairman of the House Committee on Poverty Alleviation,...
The Bureau of the Treasury has scaled down its domestic borrowing program for September. According to an online advisory released on Monday, Aug. 30, the Treasury said it plans to borrow P200 billion from local creditors next month, lower compared with the P215 billion program in August. The bureau...
After years of funding drought, the Department of Agriculture (DA) will finally get it’s much-awaited and -deserved budget hike—set to be at P102.15 billion next year—under the Marcos administration, Deputy Speaker and Batangas 6th District Rep. Ralph Recto said on Sunday, Aug. 28. House...
A Visayas lawmaker has raised concerns on the relatively low budgets allocated to Regions 6, 7, and 8, despite it having the same percentage of voting population as Mindanao, as well as being the places where President Ferdinand "Bongbong" Marcos Jr. has “won handily". Aklan 2nd District Rep....
