The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said.Budget Secretary Amenah F. Pangandaman said the Development...
The approved national budget of nearly P6 trillion for next year will accelerate the country’s economic growth amid looming drought and high inflation, the country’s economic team stressed.President Ferdinand R. Marcos Jr. has signed into law the General Appropriations Act of 2024 which will...
The government will stick to its growth targets of 6.5 percent to 8 percent for the medium term, National Economic and Development Authority Secretary Arsenio M. Balisacan said on Wednesday, Dec. 13.Balisacan told reporters that the highest range could still be reduced but there are no plans to...
The target ratio for the country’s debt as a share of the gross domestic product (GDP) for the medium term is attainable, Department of Finance Secretary Benjamin E. Diokno said.In a panel discussion with the Philippines’ economic managers, Diokno said that the government’s target ratio will...
The Department of Fiannce (DOF) vowed to work with Congress for the passage of priority reforms under the Marcos administration’s Medium Term Fiscal Framework (MTFF) that aims to steer the country back to a high growth trajectory.
In a statement on Friday, Aug. 19, Finance Secretary...
House officials led by Speaker Martin Romualdez discussed with Depaetment of Finance (DOF) Secretary Benjamin Diokno on Thursday, Aug. 4 the Marcos administration’s Medium-Term Fiscal Framework (MTFF), which is seen to consolidate fiscal management and resource mobilization toward the fulfillment...
The House of Representatives, on Monday, Aug. 1, adopted House Concurrent Resolution (HCR) 2 which expresses the lower chamber’s support for the Marcos Administration’s Medium-Term Fiscal Framework (MTFF).
The House of Representatives (MANILA BULLETIN FILE PHOTO)
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The Department of Finance (DOF) unveiled the government's first-ever medium-term fiscal framework (MTFF) aimed at reducing the deficit, promoting fiscal sustainability, and enabling robust economic growth.
Finance Secretary Benjamin E. Diokno said the economic team has submitted the MTFF to...
Incoming Finance Secretary Benjamin E. Diokno wants to put in place a formal fiscal plan that will take control of government expenditures, set clear borrowing and revenue programs, as well as design policies to manage budget deficits in the next six-years.
Diokno, who is currently governor...
