The national government will repay the full amount of its cash advances to the Bangko Sentral ng Pilipinas (BSP) ahead of the January maturity date, the Department of Finance (DOF) said. In a letter addressed to BSP Governor Benjamin E. Diokno, Finance Secretary Carlos G. Dominguez III said that...
The bill which seeks to extend the availability of the 2021 appropriations up to December 31, 2022 has hurdled second reading at the Senate. The Senate approved House Bill No. 10373 which seeks to extend the validity of the 2021 national budget with Senator Panfilo Lacson manifesting his dissent on...
The Department of Finance (DOF) ranked Paranaque City as the fifth richest city in the country as it earned P6.3 billion in local revenue generation in 2020. Based on the report of DOF’s Bureau of Local Government Finance (BLGF), Paranaque City was one of the top 10 performing provinces, cities...
The Department of Finance (DOF) urged the Department of Labor and Employment (DOLE) to harness digital technology in building a database and payout system for the labor force to efficiently and swiftly deliver aid to workers needing assistance in times of crises. In a statement, Finance Secretary...
The Department of Finance (DOF) has directed the Government Service Insurance System (GSIS) and the Land Bank of the Philippines to assist the Philippine Crop Insurance Corp. (PCIC) in managing the risks and enhancement of its investment portfolio. Finance Secretary Carlos G. Dominguez III said the...
Government economic managers are on higher alert with the COVID-19 Omicron scare to curtail its possible impact on growth, lockdowns to contain transmission, and other collateral damage to the economy. The Department of Finance (DOF) was first to call for an effective method to minimize the...
Muntinlupa emerged as one of the 10 top performing cities in local revenue generation in the country in 2020. The Bureau of Local Government Finance under the Department of Finance issued the list of the national top performing provinces, cities and municipalities in local revenue generation for...
The Securities and Exchange Commission (SEC) has accelerated the implementation of its digitalization reforms to further improve the ease of doing business in the country and spur the growth of domestic enterprises. In a report to Finance Secretary Carlos G. Dominguez III, SEC Chairman Emilio...
Senator Panfilo Lacson on Wednesday said bared his proposed amendments to the P5-trillion national budget for 2022, which includes slashing a total of over P9-billion questionable worth of appropriations. In a statement, Lacson said he proposed reduction of funds for items such as farm-to-market...
The Philippine government’s outstanding debt nears the P12-trillion mark in October this year due to higher domestic borrowings, the Bureau of the Treasury reported on Wednesday, Dec. 1. As of October 2021, the national government’s total debt reached P11.971 trillion, up by P54.48 billion...
The Department of Finance (DOF) has beefed up its digitalization initiatives, which include facilitating trade online and making the filing of tax exemptions more convenient, to better serve the public and improve its oversight functions and policy-making processes. Finance Secretary Carlos G....
Senate Finance Committee chair Senator Sonny Angara on Sunday renewed his call for the Philippine Health Insurance Corp. (PhilHealth) to settle all of its obligations, particularly to private hospitals. Angara noted PhilHealth’s financial obligations to private hospitals have accumulated to...
