The Department of Finance (DOF) has called upon international financial institutions to bolster their response capabilities and undertake comprehensive reforms amid the global economic recovery. Finance Secretary Benjamin E. Diokno said the combined impact of the pandemic, its aftermath, and the...
The Department of Finance (DOF) said the national government is planning to borrow at least $2 billion in the final three months of the year from both domestic and foreign investors. Finance Secretary Benjamin E. Diokno said the government will launch its latest retail dollar bond this week and...
The Department of Finance (DOF) reported an increase in the national government's budget deficit in August due to higher expenditures and a decline in revenue collections. During the month, the Marcos administration’s fiscal deficit amounted to P133 billion, a substantial 85 percent surge...
The Department of Finance (DOF) expressed its support for the inclusion of two proposed measures aimed at imposing taxes on single-use plastics and rationalizing the mining fiscal regime. Finance Secretary Benjamin E. Diokno said the DOF endorses the recent advancements made by the...
The Department of Finance (DOF) has welcomed the recent progress in consolidating legal frameworks for public-private partnership (PPP) projects. In a statement, Finance Secretary Benjamin E. Diokno said the enactment of Senate Bill No. 2233, also known as the PPP Act, would facilitate trade,...
The Department of Finance (DOF) reported that the Marcos administration's overseas roadshows have led to investment pledges exceeding P2 trillion. In a statement, the DOF said the government has secured a total of P2.2 trillion in investment commitments from various countries following the...
The Department of Finance (DOF) has assured that the Marcos administration will carefully balance the interests of consumers and farmers on the proposed reduction in rice import tariffs. Finance Secretary Benjamin E. Diokno said discussions are currently underway at the highest level within the...
The Department of Finance (DOF) has reported that the government’s recent changes to its corporate tax system have attracted $16.7 billion in investments. At the Philippine Economic Briefing in Dubai, Finance Secretary Benjamin E. Diokno said these investments include 45 major projects and 740...
The government met with several potential investors in Doha, Qatar to discuss the country’s economic policies and projects. The Philippine economic team, led by Finance Secretary Benjamin E. Diokno held its first investor briefing in the Middle East with Philippine Dialogue: Economic Outlook and...
Finance Secretary Benjamin Diokno has issued a call for responsible social media use among government officials and employees, highlighting the potential consequences of hasty online posts. Speaking from his experiences serving in multiple administrations, Diokno emphasized the importance of...
The Department of Finance (DOF) said the government has requested tollway concessionaires and operators to waive the toll fee increase for trucks carrying agricultural goods. Finance Secretary Benjamin E. Diokno said that exempting trucks is one of the government's steps to address the high costs...
The government will return unused loans from the World Bank and Asian Development Bank (ADB) that were intended for purchasing Covid-19 vaccines, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said during the Chat with SBED briefing last Friday that the World Bank has...
