President Marcos' economic managers have revised their growth projections for this year and adjusted their outlook for the following years amid global uncertainties.Budget Secretary Amenah F. Pangandaman said in a statement that the country’s economy, as measured by gross domestic product (GDP),...
President Marcos' economic team plans to reassess the country's macroeconomic assumptions following a significant slowdown in consumer prices, the Department of Budget and Management (DBM) said.Budget Secretary Amenah F. Pangandaman said that the economic managers might consider revising the 2024...
Department of Finance (DOF) Secretary Ralph Recto on Wednesday, August 14 said that the Maharlika Investment Fund (MIF) has not yet ventured into any investments and has only spent “very minimal” funds. Department of Finance (DOF) Secretary Ralph Recto (Senate PRIB Photo) Recto,...
Members of the Development Budget Coordination Committee (DBCC) are scheduled to convene next week to assess the country’s economic targets.Budget Secretary Amenah F. Pangandaman said that the inter-agency body responsible for setting the government’s macroeconomic assumptions will hold a...
The Development Budget Coordination Committee (DBCC) expects that the national government's budget deficit would widen in the latter part of the year, driven by catch-up spending.In the DBCC mid-year report, the inter-agency body responsible for determining the government's macroeconomic assumptions...