Finance Secretary Ralph G. Recto has dismissed worries about the country's ballooning debt stock, affirming the government's capability to meet all maturing financial obligations. Recto said that the current total government debt, which amounted to P14.51 trillion as of November last year,...
The Department of Finance (DOF) has vowed to prioritize efforts aimed at curbing the elevated consumer prices that are impeding the country's economic growth and hindering the generation of additional government revenues. In a briefing on Wednesday, Jan. 24, Finance Secretary Ralph G. Recto said...
The Department of Budget and Management (DBM) said that it allocated nearly P50 billion last year to finance programs designed to aid individuals and families during times of crises. Budget Secretary Mina F. Pangandaman said the Protective Services of Individuals and Families in Difficult...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I recently received a very precious birthday gift. Made by Kapampangan artist Donna Camaya, I immediately felt it was a token and labor of love as soon as I uncovered and saw the insightful art piece — a vibrant acrylic tissue painting...
Finance Secretary Ralph G. Recto met with the government’s tax collectors to discuss strategic plans to achieve the Marcos administration's target of generating P4.3 trillion in revenues this year. On Tuesday, Jan. 23, Recto held a meeting with the Bureau of Internal Revenue's (BIR) management...
The Department of Finance (DOF) said the Philippines is committed to providing a welcoming environment for potential investors from the United States, symbolically represented by the concept of rolling out a "red carpet." In a statement, Finance Secretary Ralph G. Recto has assured US officials of...
BSP Governor Eli M. Remolona (left) swore in Finance Secretary Ralph G. Recto as a new member of the Monetary Board during a ceremony at the BSP headquarters in Manila on Monday, Jan. 22, 2024. Finance Secretary Ralph G. Recto has formally assumed the role of the government's representative to...
The Department of Education (DepEd) is scheduled to present the 2024 Basic Education Report (BER) before the month ends. Vice President and Education Secretary Sara Duterte is expected to present the Basic Education Report (BER) 2024 on Jan. 25, 2024 (DepEd file photo) DepEd, on its official...
Department of Health (DOH) Secretary Teodoro Herbosa on Wednesday, Jan. 17 expressed his opposition to the impending PhilHealth premium hike this year. DOH "I want continued suspension of the increase until we have the actuarial on how long we will sustain the suspension. I don't think PhilHealth...
Finance Secretary Ralph G. Recto was briefed by the Bureau of the Treasury about the country’s strategic financing program, which includes the government’s plan to borrow over P2 trillion this year. The Department of Finance (DOF) reported that Officer-in-Charge National Treasurer Sharon P....
The Department of Budget and Management (DBM) has clarified that the additional P12 billion budget allocated by Congress to the Commission on Elections (COMELEC) is not earmarked for the purpose of Charter Change. Budget Secretary Amenah F. Pangandaman said on Wednesday, Jan. 17, that the allocated...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. President Ferdinand R. Marcos Jr. (PBBM) noted in his New Year’s Message that "every new beginning allows us to reflect on what we have accomplished, move forward with the lessons we have learned, and reinforce the unity we have...
