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,...
The Duterte administration closed the books with a lower than expected budget deficit in the first semester, driven mainly by higher revenue collection by the Bureau of the Customs (BOC) from expensive fuel imports. The Bureau of the Treasury reported on Tuesday, July 26, that the national...
Economic managers vowed full support behind the private sector, as the Department of Finance (DOF) asked investors to trust President Ferdinand R. Marcos Jr.’s government. “As the President said yesterday , the sate of the economy is sound. So, my advice to the private sector is trust your...
BIR told to hit collection target By Chino S. Leyco The new administration expects the Bureau of Internal Revenue (BIR), the government’s main tax agency, to attain its collection target this year despite weaker than expected performance in the six-semester. Finance Secretary Benjamin E. Diokno...
Finance Secretary Benjamin E. Diokno has called for "heightened attention" to the current geopolitical events and post pandemic changes in the international financial system. The chief economic manager manager of President Ferdinand Marcos Jr.'s administration made this call even as he expressed...
The Senate Committee on Finance is ready to tackle the proposals seeking to rightsize the bureaucracy that would be filed in the Upper Chamber, Senator Sonny Angara said on Tuesday, July 19. Angara, who chairs the finance panel, said it is about time for the government to rightsize the bureaucracy...
The Department of Finance (DOF) has ordered the Securities and Exchange Commission (SEC) to continue its digitalization initiatives in expanding the country’s capital market and to support economic growth. Finance Secretary Benjamin E. Diokno, said on Tuesday, July 19, that his marching order to...
The Marcos administration will continue pursuing a whole-of-nation approach in mitigating climate risks, committing the Philippines to be at the forefront of global climate action, the Department of Finance (DOF) said. At a recent G20 high-level breakfast discussion on climate change mitigation,...
The Bangko Sentral ng Pilipinas (BSP) has authorized the government to borrow $3.54 billion from foreign creditors in the second quarter of this year. The new approved public sector foreign borrowing is 26 percent higher than the $2.80 billion borrowing in the second quarter last year. But it is 26...
