Senatorial candidate Sorsogon Governor Francis ‘’Chiz’’ Escudero on Friday, April 8 said the Department of Education (DepEd) should immediately release the funds intended for its field offices to prepare public schools across the country for face-to-face classes. Escudero made the call...
It was a Bohol mayor who ignited the passion of independent presidential candidate Senator Panfilo "Ping" M. Lacson to scrutinize the national budget. At the start of a meeting with representatives of sectoral groups in Bohol on Tuesday, Lacson thanked Jagna Mayor Joseph Rañola for teaching him...
The national government’s budget deficit narrowed in February this year owing to lower public spending. Data from the Bureau of the Treasury showed that the government incurred a P105.8 billion fiscal gap during the month, down by nine percent from P116 billion in February 2021. The slimmer...
Infrastructure spending accelerated last year, but it was mainly driven by low base effect of the Covid-19 pandemic in 2020, the Department of Budget and Management (DBM) reported. Public spending on infrastructure and other capital outlays rose 31 percent to P895.1 billion in 2021 from P681.5...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
The national government posted a bigger budget deficit in the first month of the year owing to higher interest payments, data from the Bureau of the Treasury showed. The government incurred a P23.4 billion fiscal gap in January 2022, higher by 66.3 percent compared with P14.1 billion in the same...
Senatorial candidate Gilbert “Gibo” Teodoro said on Sunday he is optimistic that the next set of members in Congress would play a crucial role in helping the new administration manage its public debt with P12-trillion worth of loans. The former Tarlac represenative and 1989 Bar toopnotcher said...
Senatorial candidate and Sorsogon Governor Francis ‘’Chiz’’ Escudero on Saturday, March 12 strongly suggested that government consider realigning funds or passing a supplemental budget as he warned of more oil price hikes that would require greater fuel subsidy for affected sectors in the...
If there's one program that the UniTeam tandem of former senator Bongbong Marcos and Davao City Mayor Sara Duterte-Carpio would want to resuscitate, it's the CHED Scholarship Program or CSP. Davao City Mayor Sara Duterte and former senator Bongbong Marcos (Lakas-CMD Media) "The UniTeam stands firm...
The Department of Budget and Management (DBM) has released P3 billion to fund the government’s fuel subsidies for the public utility vehicle (PUV) and the agriculture sector. DBM Officer-in-Charge Undersecretary Tina Rose Marie L. Canda said on Thursday, March 10, that they released P2.5 billion...
The problems concerning the country’s healthcare sector that were exposed during the height of the Covid-19 pandemic will remain high up on the list of priorities of Partido Reporma standard-bearer Senator Panfilo ‘"Ping" Lacson and running mate Senate President Vicente Sotto III even as the...
The Duterte administration’s budget deficit fell below ceiling last year driven mainly by higher than expected revenues as well as slightly below programmed spending, the Bureau of the Treasury reported. Data from the Treasury bureau showed Tuesday, March 1, that the national government incurred...
