President Marcos’ chief economic manager said that domestic consumer spending, especially by the emerging workforce population of Gen Z, would remain the leading contributor to economic growth. In a statement, Finance Secretary Benjamin E. Diokno said Wednesday, Aug. 3, that the young...
The Department of Finance-Bureau of Local Government Finance (DOF-BLGF) cited Parañaque as the sixth richest city nationwide in terms of locally sourced revenues (LSR) during the fiscal year 2021. BLGF executive director Niño Raymond Alvina said Parañaque earned P6.2 billion in local revenue...
Quezon City, Makati, Manila, Cainta, Limay and Carmona emerged as the top cities and municipalities in the Philippines with the highest locally sourced revenues (LSRs) in 2021. The Department of Finance’s Bureau of Local Government Finance (BLGF) revealed the country’s top performing provinces,...
The Muntinlupa City government took eighth place among cities in the Philippines in collection efficiency of local revenues in 2021. The Bureau of Local Government Finance (BLGF) under the Department of Finance (DOF) announced the top performing provinces, cities, and municipalities based on...
The Department of Finance (DOF) ordered the Bureau of Internal Revenue (BIR) to fast-track its digitalization program to enable the government exceeds its revenue targets. Speaking at the BIR anniversary celebration, Finance Secretary Benjamin E. Diokno said the bureau, which contributes about...
The Department of Finance (DOF) stressed the critical role of a robust agriculture industry in growing the economy at a sustainable and inclusive pace and supporting poverty alleviation in the long term. In a statement on Tuesday, Aug. 2, Finance Secretary Benjamin E. Diokno said a more vibrant,...
The Department of Budget and Management (DBM) has released another round of targeted cash subsidy to the most vulnerable Filipino households reeling from increases in fuel prices and food costs. In a statement, Budget Secretary Amenah F. Pangandaman said Tuesday, Aug. 2, that the DBM approved the...
The Department of Finance (DOF) welcomed the enactment of the Agriculture, Fisheries and Rural Development Financing Enhancement law, commonly known as Agri-Agra law, that is expected to boost the local farm sector. In a statement Friday, July 29, Finance Secretary Benjamin E. Diokno said Republic...
The Department of Finance (DOF) said the government will make sure that gains from economic recovery will trickle down the ordinary Filipinos, saying the Marcos administration has strategic interventions to attain it. In a statement, Finance Secretary Benjamin E. Diokno said Friday, July 29, that...
The Department of Finance (DOF) vowed to continue investing heavily in digitalization, technological innovation, and human capital development to remain competitive in a fast-changing and tech-driven global economy. Finance Secretary Benjamin E. Diokno said on Thursday, July 8, that the Philippines...
The Department of Budget and Management (DBM) said that the implementation of big-ticket infrastructure projects should remain under the national government despite the Mandanas ruling. Budget Secretary Amenah F. Pangadaman said in an interview with reporters that the national government is...
President Marcos’ economic team will work closely with Congress, the private sector, and civil society in a unified approach to economic recovery and long-term growth, the Department of Finance (DOF) said. At the Post-State of the Nation Address (SONA) Economic Briefing on Tuesday, July 26,...
