Malacañang has defended the decision of President Ferdinand "Bongbong" Marcos Jr. to release the P221.424-million in confidential funds to the office of Vice President Sara Duterte last year, saying the President saw the need to release the amount. Vice President Sara Duterte (Ali Vicoy) Marcos,...
The Department of Finance (DOF) warned that keeping rice prices artificially low for a long time could have negative effects. Finance Secretary Benjamin E. Diokno said implementing price ceilings on rice could help control rising prices in the short term, but such intervention should only be...
(Ali Vicoy / Manila Bulletin File Photo) The Department of Social Welfare and Development (DSWD) said it is prepared to provide cash assistance to small rice retailers who may suffer losses as a result of the Malacanang-mandated rice price ceiling, which came into effect on Tuesday, Sept. 5....
The Department of Budget and Management (DBM) said it has allocated P882.2 billion to the Department of Public Works and Highways (DPWH) for next year to expedite the government’s socio-economic development initiatives. Budget Secretary Amenah F. Pangandaman said the DPWH's proposed budget will...
The Department of Budget and Management (DBM) said the government's one-time fuel assistance, aimed at helping public transport drivers and operators cope with skyrocketing gasoline and diesel prices, is expected to be released this week. Budget Secretary Amenah F. Pangandaman said the Department...
Given the strain on public funds caused by high dropout rates, the Department of Finance (DOF) suggested that the government's free tertiary education program be reserved for deserving students. Finance Secretary Benjamin E. Diokno said that offering free tuition to all students in government-run...
The Department of Finance (DOF) has stated that simplifying regulations and procedures for infrastructure projects will lead to quicker approvals for Public-Private Partnership (PPP) initiatives. Finance Secretary Benjamin E. Diokno said that prompt evaluation of projects is crucial in creating a...
President Ferdinand "Bongbong" Marcos Jr. conferred the Order of National Scientists (ONS) and the Presidential Medal of Merit to two officials for their contribution to the country in terms of healthcare and international trade. President Marcos confers the Order of National Scientist upon...
The Department of Science and Technology (DOST) welcomed the opportunity to collaborate with the private sector from the United States (US) in Science, Technology, and Innovation (STI) as it is expected to bring many benefits, such as knowledge exchange as well as technological breakthroughs. DOST...
The Department of Budget and Management (DBM) said the national government will continue to support displaced, underemployed, and seasonal Filipino workers next year. Budget Secretary Amenah F. Pangandaman said the DBM has proposed P12.919 billion in funding for the Tulong Panghanapbuhay sa Ating...
The Department of Finance (DOF) has reported that the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law has spurred investment worth over P720 billion. Under the CREATE law, the government has provided tax incentives to major projects amounting to a total...
BEYOND BUDGET (Part 2) Assalamu alaikum wa Rahmatullahi wa Barakatuh. Last week, I discussed the basis and dimensions of the optimized 2024 National Expenditure Program (NEP), which we submitted to Congress for deliberations and approval. As I have said, our national budget will lay the...
