Next year's midterm elections could temper government expenditures due to a scheduled ban on new spending, such that the Cabinet-level Development Budget Coordination Committee (DBCC) has urged prompt disbursements as well as implementation of programs and projects under the proposed...
The country’s ambition to become upper middle-income status could be achieved in 2026, later than the government’s projection of 2025. That is, if the peso does not depreciate.National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan, during a briefing on Thursday, June...
In light of the country's expected slower growth this year, the economic managers have adjusted downward the projected tax collections for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC).Budget Secretary Amenah F. Pangandaman confirmed to Manila Bulletin on Saturday, June 1,...
The Marcos administration is looking to ramp up the sale of government assets this year, data from the Development Budget Coordination Committee (DBCC) revealed.Based on the DBCC's quarter fiscal program approved last May 23, the national government expects to generate P42.12 billion in proceeds...
The Marcos administration has raised its budget deficit ceilings for the next five years to provide the necessary financial leeway to support the government's projects and programs.Based on the latest revenue and spending outlook from the Development Budget Coordination Committee (DBCC), the Marcos...
In response to global trade disruptions and geopolitical tensions, the Marcos administration has adjusted its economic growth targets, the Development Budget Coordination Committee (DBCC) announced.The DBCC, an inter-agency body responsible for setting the country's macroeconomic assumptions, has...
President Marcos is readying a national budget for 2025 that is expected to surpass the P6 trillion mark.The Development Budget Coordination Committee (DBCC) announced on Thursday, April 4, that the executive department's proposed national budget for the fiscal year 2025 is set at P6.200...
Amid accelerating inflation and subdued global markets, National Economic and Development Authority Secretary Arsenio M. Balisacan expressed openness to revising this year's economic growth target downward.Balisacan said that the Development Budget Coordination Committee (DBCC), an inter-agency body...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said.Budget Secretary Amenah F. Pangandaman said the Development...
The Department of Finance (DOF) has indicated that the Marcos administration may need to adjust its economic growth targets due to the lower-than-expected expansion recorded last year.Finance Secretary Ralph G. Recto emphasized the need for the Development Budget Coordination Committee (DBCC) to set...
Efficient implementation of catch-up plans has positioned the Marcos administration to exceed its infrastructure spending target for this year, data from the Development Budget Coordination Committee (DBCC) showed.The DBCC, an inter-agency body responsible for setting the government’s...
The Development Budget Coordination Committee (DBCC) has increased its government revenue projection for this year due to stronger-than-expected collections and higher income from the customs and treasury bureaus.The DBCC, an interagency body responsible for setting the government’s macroeconomic...
