Department of Budget and Management (DBM) Secretary Amenah Pangandaman on Thursday, Aug. 3, denied that the agriculture sector will get a lower budget allocation under the proposed P5.768-trillion National Expenditure Program (NEP) for 2024. Budget Secretary Amenah Pangandaman (RTVM screenshot) She...
The Maharlika fund would be invested in agriculture, infrastructure, and energy development, President Ferdinand “Bongbong” Marcos Jr. said on Tuesday, July 18, after signing into law the bill creating the Maharlika Investment Fund (MIF) and allaying fears of fund mismanagement. President...
Senior Deputy Speaker Pampanga 3rd district Rep. Aurelio "Dong" Gonzales Jr. (Facebook) The Philippines can do better than the upgraded Gross Domestic Product (GDP) forecast of the World Bank (WB), as far as Senior Deputy Speaker Pampanga 3rd district Rep. Aurelio "Dong" Gonzales Jr. is concerned....
Government spending is vital to national growth. It is one of the four components of Gross Domestic Product (GDP). The other three are consumer spending, business investment, and net exports. In the past two years, Statista reports that the ratio of government expenditure to GDP in the past three...
Three years after the onset of the pandemic that plunged the economy into a steep recession, the Philippine Statistics Authority’s most recent announcements on three key indicators of the country’s economic health evoked reasonable optimism. First, the unemployment rate declined to 4.7 percent...
House Speaker Martin Romualdez (left) and President Ferdinand "Bongbong" Marcos Jr. (Speaker's office) House Speaker Martin Romualdez has credited the Marcos administration for the country's recent economic upswing, in terms of gross domestic product (GDP). In a statement Friday, May 11, Romualdez...
President Ferdinand "Bongbong" Marcos Jr. said the country is slowly recovering from its previous economic slump after posting a 6.4-percent Gross Domestic Product (GDP) growth rate in the first quarter of the year. Marcos expressed this through a social media post on Thursday, May 11....
Allocate the equivalent of at least 6 percent of the Philippines' gross domestic product (GDP) to education. This, according to House Deputy Minority leader and ACT Teachers Party-list Rep. France Castro, will help the Marcos administration address the severe classroom backlog and learning crisis...
The National Economic and Development (NEDA) expects slower growth for next year due to substantial external and internal headwinds. Socioeconomic Planning Secretary Arsenio M. Balisacan said the economy would likely grow above seven percent this year, but it is expected to expand at a much slower...
House Speaker Martin Romualdez sees warmer relations between the Philippines and the United States (US) under the Marcos administration that will bring economic gains to the two nations. Speaker Martin Romualdez (right) speaks during a luncheon caucus of the US-Philippines Society at the Manila...
The third quarter 2022 Gross Domestic Product (GDP) growth rate was maintained at 7.6-percent. However, changes were observed in all industries except public administration and defense; compulsory social activities. The major contributors were: real estate and ownership of dwellings, from 3.1...
The Philippines' stronger than expected 2022 gross domestic product (GDP) growth rate of 7.6 percent is all well and good, but it must be felt by Filipinos. Bagong Henerasyon Party-list Rep. Bernadette Herrera “Economic growth must be inclusive and it must be felt all across the country for all...
