Finance Secretary Benjamin E. Diokno is calling on all Filipinos to embrace a positive and hopeful perspective as they look ahead to the new year and the economic opportunities it holds. In his New Year's message, Diokno, who serves as the country's chief economic manager, spoke about the...
The Philippines has officially rolled out a comprehensive insurance coverage aimed at protecting the country from infrastructure losses caused by natural disasters, the Bureau of the Treasury announced. In a statement, Treasury Officer-in-Charge Sharon P. Almanza said the National Indemnity...
Budget Secretary Amenah Pangandaman commended the Philippine National Police (PNP) for recruiting almost 300 former members of the Moro Islamic Liberation Front (MILF) and Moro National Liberation Front (MNLF). Pangandaman, co-chair of the Intergovernmental Relations Board (IGRB) for agreements...
(L-R) President Ferdinand Marcos Jr. and Department of Human Settlements and Urban Development (DHSUD) Sec. Jose Rizalino Acuzar (Photo by DHSUD) The Department of Human Settlements and Urban Development (DHSUD) is closing 2023 with an optimistic view that it would achieve new milestones in the...
The Department of Agriculture (DA) has announced that small farmers and fisherfolk facing potential disasters next year will be able to access financial assistance. Agriculture Secretary Francisco P. Tiu Laurel Jr. said the Philippine Crop Insurance Corp. (PCIC) has allocated P500 million as...
The Department of Finance (DOF) secured concessional financing for big-ticket infrastructure projects under President Marcos’ Build Better More Program as well as grants for various development projects to support the country’s rapid growth. Since the beginning of the Marcos administration, the...
President Marcos' chief economic manager assured Filipinos that they can depend on the government to mobilize efforts in addressing the expected rise in consumer prices, as inflationary pressures are projected to continue until next year. Finance Secretary Benjamin E. Diokno said that their top...
Senator Imee Marcos believes that the current administration should strengthen the implementation of former president Rodrigo Duterte's Executive Order (EO) No. 28, which sought to regulate and control the use of firecrackers and other pyrotechnic devices. Marcos made the remark on...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. It is truly a season of gratitude and hope! On Dec. 22, 2023, President Ferdinand Marcos Jr. (PBBM) signed the P5.768 trillion Fiscal Year (FY) 2024 General Appropriations Act (GAA). I believe that this is the best gift that our President...
The Department of Finance (DOF) assured that it will continue with its efforts to help local government units (LGUs) in fully taking over government functions and services. In a statement, the DOF said there will be a study on operationalizing full devolution, which will help delineate the...
The Department of Budget and Management (DBM) said the Marcos administration is making progress in reducing its reliance on borrowing to support spending, a positive development in its efforts to lessen the country's debt burden. Budget Secretary Amenah F. Pangandaman said the national government's...
The Department of Budget and Management (DBM) clarified that the unprogrammed funds in next year's budget do not contain actual money at present, and will only be utilized in the event of unexpected expenses and additional revenue. In a statement, Budget Secretary Amenah F. Pangandaman explained...
