The controversial Procurement Service (PS) under the Department of Budget and Management has kept over P10.8 billion in transferred funds for years without returning the money to the Bureau of Treasury. COA logo & HQ The Commission on Audit disclosed in the 2020 annual audit report (AAR) for...
As the national government is being criticized for alleged slow distribution of cash assistance (ayuda), an official of the Department of the Interior and Local Government (DILG) said it was because of the strict protocols that have to be observed. In an Interview over GMA News, DILG Undersecretary...
The Bureau of the Treasury will team up with the country’s leading banks to let small investors buy at easy terms retail dollar bonds (RDBs) that the government is planning to issue this year to fulfill part of its domestic financing requirements. National Treasurer Rosalia de Leon said several...
Government debt inched up anew in June this year due to higher borrowings from foreign creditors. Data from the Bureau of the Treasury showed that the national government’s outstanding debt stock stood at P11.166 trillion as of June, up by P94.9 billion from P11.071 trillion in the previous...
The national government’s budget deficit fell below the ceiling in the first-semester of the year due to lower-than-expected spending, the Bureau of the Treasury reported. The Duterte administration’s January to June 2021 fiscal gap reached P716.1 billion, lower by 29 percent against the P1.018...
The Fire Officer Examination (FOE), Penology Officer Examination (POE), and Basic Competency on Local Treasury Examination (BCLTE) will be conducted on October 10. (CSC Facebook page) This was announced by the Civil Service Commission (CSC) in a Facebook post on Monday, July 19. “The Civil...
The Bureau of the Treasury is planning to sell the Philippine government’s first retail dollar-denominated bond (RDB) targeted mainly at overseas Filipino investors. During a virtual briefing on Thursday, July 15, National Treasurer Rosalia V. de Leon said the government is firming up the details...
Malacañang is waiting for the report from line agencies to determine the amount of unspent funds under the Bayanihan to Recover as One Act (Bayanihan 2), which expired on June 30. Presidential spokesperson Harry Roque said the Bayanihan 2 funds were released to line agencies, but they were given...
The Philippines breached the P11 trillion debt level in May this year as loans made by the national government amid the pandemic continued to grow. The Bureau of the Treasury reported on Monday, July 5, that the government's outstanding financial obligations rose 24 percent to P11.071 trillion in...
The Duterte administration has completed its third foreign commercial borrowing this year. Screen Shot 2021-06-29 at 9.59.33 AM The national governm Screen Shot 2021-06-29 at 9.59.33 AM ent has raised $3 billion, equivalent to P146 billion, from a dual tranche offering of 10.5-year and 25-year...
The Duterte administration is set tap the overseas debt markets anew, marking its third commercial borrowing for the year, to support the national government’s wider budget deficit ceiling. On Monday, June 28, the Bureau of the Treasury announced the launching of a benchmark-sized US dollar bond...
Increased revenue haul allowed the Duterte administration to narrow its budget deficit in May this year, the Bureau of the Treasury reported on Tuesday, June 22. The national government trimmed its budget gap by 0.91 percent to P200.3 billion from P202.1 billion in May last year after revenue...
