Business NEWS

President Rodrigo R. Duterte will propose at least P5-trillion national budget before his term ends.

A speedy release and spending of government appropriations could boost the Philippines’ credit outlook, senators said on Tuesday, July 13.

Senator Nancy Binay on Tuesday, June 22 said government should tell the public what is keeping it from disbursing available funds that are supposed to be used to effectively combat the impact of the coronavirus (COVID-19) crisis.

Senate Minority Leader Franklin Drilon on Sunday called on the government to provide for a full accounting of the P82.5-billion worth of coronavirus (COVID-19) vaccine procurement budget before it asks for additional funds.

Senator Sonny Angara on Friday urged the Department of Education (DepEd) to expedite the procurement and release of connectivity load for its teachers, as the budget for this purpose has been available for some time already under the 2021 national budget and the economic stimulus package Congress passed in response to the coronavirus (COVID-19) crisis.

Senator Joel Villanueva on Sunday, May 16 urged the government to use the P19.445 billion unused calamity funds under the 2020 and 2021 budget to finance the immediate repair of the Philippine General Hospital (PGH) which caught fire early morning today.

Congress can call for a special audit of the funds of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC), Senate Minority Leader Franklin Drilon said on Wednesday.

Senate Minority Leader Franklin Drilon on Tuesday, May 4 questioned the “speedy” release of P10.6-billion out of the P19-billion controversial budget of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC).

Senator Sherwin Gatchalian on Tuesday urged state economic managers to allocate more funds for the education sector in next year’s proposed national budget to help the sector’s recovery from the negative impact of the coronavirus disease (COVID-19) pandemic.