Slashing the Bureau of Customs ’ (BOC) proposed budget of over ₱28 billion for next year could mean depriving the country’s second-largest tax collection agency of ample equipment to modernize its operations and strengthen its border control against sea-based smuggling. Customs Commissioner...
Public construction is poised for a strong rebound in the second half of the year after two consecutive quarters of contraction, according to a senior budget official, but, restoring the Department of Public Works and Highways (DPWH) budget to the trillion-peso mark remains off the horizon....
Former Finance Secretary Benjamin E. Diokno warned that the proposed ₱7.2-trillion national budget for 2027 will be exceptionally tight, constraining government flexibility as economic growth slows and borrowing costs escalate. Speaking at the Kapihan sa Manila Bay forum on Wednesday, Aug. 12,...
Cabinet-level interagency Development Budget Coordination Committee (DBCC) has projected weaker state spending on infrastructure for 2027, even as the government seeks to revive flood control funding. According to the updated national government fiscal program for 2025 through 2029, the DBCC...
The national government’s outstanding debt is projected to breach the ₱21-trillion mark for the first time, hitting a record ₱21.48 trillion by the end of 2027 as the Marcos administration ramps up borrowing to fund infrastructure projects and development programs. According to medium-term...
Department of Budget and Management (DBM) Secretary Kim Robert de Leon revealed that the “rigorously” reviewed, record-high ₱7.2-trillion proposed national budget for 2027 has until mid-August to reach the Lower House. De Leon told reporters on the sidelines of the post-State of the Nation...
President Marcos has approved the 2027 national expenditure program (NEP), Malacañang disclosed. Presidential Communications Office (PCO) Secretary Dave Gomez bared this on Friday afternoon, July 10. "The Cabinet discussed and approved the 2027 national expenditure program as presented by the DBM...
The “Bridge of Promise” in Batangas City, which has served thousands of daily commuters but shows signs of deterioration, will be replaced with a stronger and permanent structure, Department of Public Works and Highways (DPWH) Secretary Vince Dizon said. Dizon said the bridge was originally...
