Taxes collected by the Bureau of the Internal Revenue (BIR) that coursed through electronic payment channels have now accounted for more than four-fifths, the Department of Finance (DOF) announced. Based on a report submitted by BIR Commissioner Caesar R. Dulay to the DOF, about P1.67 trillion or...
Finance Secretary Carlos G. Dominguez III vowed that the national government will meet its targets in bringing genuine autonomy to the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). During the presentation of the Intergovernmental Relations Body's (IGRB) first-year...
The Bangko Sentral ng Pilipinas (BSP) said it has fully awarded its 28-day bills offered at P100 billion. The BSP securities auction received P162.80 billion tenders on Friday, lower than January 15’s P167.25 billion bids. The BSP bills fetched a lower average rate this week of 1.6362 percent...
The Department of Finance (DOF) is set to enter into negotiations with the United States Trade and Development Agency (USTDA) for a possible grant for the Bureau of Internal Revenue’s (BIR) digital transformation program. In a statement, the DOF said President Rodrigo R. Duterte has...
The Department of Finance (DOF) said the Intergovernmental Relations Body (IGRB) of the national and Bangsamoro governments have resolved four mechanisms to ensure a successful and functional autonomous region in Muslim Mindanao. In a statement, Finance Secretary Carlos G. Dominguez III said...
Government revenues from the private traders’ rice importations rose last year due to higher tariff rates and volume, data from the Department of Finance (DOF) showed. Based on the Bureau of Customs report submitted to the DOF, the country’s total rice imports reached 2.38 million metric tons...
The economic bounce-back will be anchored on the Philippines’ ability to reopen as safely as possible together with a slew of pump-priming measures buttressed by the government’s strong fiscal position, the Duterte administration’s chief economic manager said....
The Department of Finance (DOF) is working on fresh loans from multilateral financial institutions, bilateral partners and domestic creditors to fund the government’s coronavirus response programs. Finance Secretary Carlos G. Dominguez III said they are now working to borrow $1.46 billion,...
The Department of Finance (DOF) assured that the government has sufficiently funds to procure enough doses of COVID-19 vaccines from various sources in line with its target to inoculate around half of the population. In a statement, Finance Secretary Carlos Dominguez III said...
The Department of Agriculture (DA) needs to re-strategize amid rising prices of major food items, the Department of Finance (DOF) said. In his latest economic bulletin, Finance Undersecretary Gil S. Beltran, said the DA should look for alternative supplies of vegetables after the successive...
Mostly from domestic market The large structural liquidity in the local financial system will let the government continue preferring the domestic market as a key source of its funding requirements in 2021 to mitigate the buildup of foreign exchange risks from external borrowings, a Cabinet official...
Slightly below programmed The Duterte administration is likely incurred slightly lower than programmed budget deficit last year due to favorable revenue performance, the Department of Finance (DOF) said. Speaking at the Management Association of the Philippines (MAP) virtual meeting, Finance...
