The Department of Budget and Management (DBM) has shrugged off criticisms raised by some lawmakers against the hefty unprogrammed funds under the Marcos administration’s proposed national budget for next year. Budget Secretary Amenah F. Pangadaman on Wednesday, Aug. 31, said the DBM is ready to...
The government’s two main tax agencies secured more than a quarter of the Marcos administration’s budget for information and communications technology (ICT) next year, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said on Wednesday, Aug. 31, that the...
The government should prioritize giving out higher assistance to indigent senior citizens than having another round of cash-aid or “ayuda” for the general public, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said on Monday, Aug. 29, that with the national...
The Department of Finance (DOF) wants the Philippine Amusement and Gaming Corp. (Pagcor) to present a long-term plan on its conflicting roles as a gambling regulator and operator in the country. Finance Secretary Benjamin E. Diokno’s pronouncement came after he told lawmakers during the...
President Marcos’ chief economic manager said he will support the passage of a supplemental budget for next year should there will be a need to further boost the country’s economic growth. At the Development Budget Coordination Committee (DBCC) briefing with the House Appropriations Committee...
The Bureau of Internal Revenue (BIR) and the Bureau of Customs, the government’s two main tax agencies, are ramping up their respective anti-corruption campaigns by modernizing their operations through digitalization. In a statement on Friday, Aug. 26, Finance Secretary E. Benjamin Diokno has...
The national government, during President Marcos’ first month in office, incurred a much lower budget deficit owing to strong tax collections and slower spending, data from the Bureau of the Treasury showed. The Treasury bureau reported on Friday, Aug. 26, that the Marcos administration’s...
The Department of Finance (DOF) said that expenditures for debt burden make up only around a tenth of the Marcos administration’s proposed national budget next year. In a statement on Thursday, Aug. 25, Finance Secretary Benjamin E. Diokno said it was incorrect to cite debt burden as one-third of...
Trade and Industry Secretary Alfredo E. Pascual has assured that development and promotion of the health industry will be a major thrust for development during the six year term of President Ferdinand Marcos Jr. administration. Pascual was reacting to the challenge by Senator Pia Cayetano, author...
The Department of Finance (DOF) will continue borrowing mostly from the domestic debt markets under the Marcos administration on the back of the growing appetite of Filipino retail investors in government securities. In a statement on Tuesday, Aug. 23, Finance Secretary Benjamin E. Diokno said...
Malacañang remains tight-lipped on calls for President Ferdinand "Bongbong" Marcos Jr. to designate a full-time Department of Agriculture (DA) secretary to focus on issues affecting the agriculture sector. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) "We have no...
The Marcos administration would spend at least a fifth of its first full-year budget for infrastructure projects, the Department of Budget and Management (DBM) said on Monday, Aug. 22. In a statement, Budget Secretary Amenah F. Pangandaman said a total of P1.196- rillion have been allocated for the...
