The Department of Finance (DOF) has vowed to resolve the complicated military and uniformed personnel (MUP) retirement and pension system that continues to take a heavy toll on the government’s yearly budget. Finance Secretary Benjamin E. Diokno said on Wednesday, Nov. 23, that the MUP pension...
President Ferdinand "Bongbong" Marcos Jr. has belied reports that Finance Secretary Benjamin Diokno would be replaced by Albay Representative Joey Salceda. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of the Office of the Press Secretary) Marcos labeled the circulating claims as "fake...
"Do not covet thy neighbor’s job." Albay 2nd district Rep. Joey Salceda (left) and DOF Secretary Ben Diokno (Facebook) Albay 2nd district Rep. Joey Salceda gave this reaction to House reporters Monday, Nov. 21, regarding the rumors that he could be appointed by Malacañang as the next Department...
The Department of Finance (DOF) said that meeting the government’s economic growth target this year has become more certain, given the sustained recovery of domestic demand and improved labor market conditions. Finance Secretary Benjamin E. Diokno said the government would meet the 6.5 percent to...
The Department of Finance (DOF) said the national government’s budget deficit this year may fall below ceiling due to higher than expected revenue collections of its two main tax agencies. Finance Secretary Benjamin E. Diokno said the fiscal deficit as a share of gross domestic product (GDP)...
The Philippine government has called for the inclusion of the needs and priorities of developing countries in the definition of climate finance as a floor amounting to $100 billion has been committed by developed countries to be mobilized for climate action every year. Through Philippine Ambassador...
Debt-watcher S&P Global maintained the Philippines' investment grade status with stable outlook as it expects the economy to remain robust on the back of strong domestic demand. S&P on Thursday, Nov. 17, kept the country's long-term foreign-currency rating at "BBB+," which is one notch away...
Former Finance chief Carlos Dominguez III has been conferred by Japanese Emperor Naruhito with Japan's distinguished award for local and non-local government officials. Domiguez received on November 9 the Grand Cordon of the Order of the Rising Sun for exercising "outstanding leadership in...
Senate Minority Leader Aquilino “Koko” Pimentel III questioned the proposed 2023 P2.3 billion budget for the Office of the Vice President (OVP) which is three times more than the 2022 budget of the previous administration. Pimentel then sought to have this amount decreased, including the...
The country’s economic recovery is gaining traction with the better than expected growth seen in the third-quarter, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the 7.6 percent gross domestic product (GDP) in July to September reflected the “many good news...
On track to achieving growth assumption of 6.5% to 7.5% for 2022 Finance Secretary, Benjamin Diokno, welcomed the Philippines' third quarter economic performance, which posted a gross domestic product (GDP) growth of 7.6 percent, under President Ferdinand "Bongbong" Marcos, Jr.'s (PBBM)...
The Department of Finance has rejected calls by industry groups to review the revised fiscal incentives tax regime and reportorial requirements for the grant of incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. Finance Secretary Benjamin E. Diokno, who also...
