The Department of Budget and Management (DBM) reported that higher public spending from July to September this year greatly contributed to a stronger-than-expected economic growth. Budget Secretary Amenah F. Pangandaman said the accelerated government spending in the third quarter contributed 36...
The Department of Finance (DOF) has reported that the country's debt and fiscal indicators improved in the third quarter owing to the robust economic performance. As of September 2023, the government's debt-to-gross domestic product (GDP) ratio, a measure of the country's debt relative to its...
The Department of Budget and Management (DBM) directed government agencies with the lowest budget utilization rates to improve their spending, according to Senator Juna Edgardo "Sonny" Angara. During the plenary debates on the 2024 General Appropriations Bill (GAB) or House Bill No. 8990, Angara...
The Department of Budget and Management said that President Marcos showed support to the Filipino Muslims through the approval of an executive committee for the commemoration of Islamic presence in the country. In a statement, Budget Secretary Amenah F. Pangandaman expressed her gratitude towards...
The Department of Finance (DOF) said the job quality for Filipinos is steadily improving, with the country's underemployment rate dropping below its pre-pandemic level. In a statement, Finance Secretary Benjamin E. Diokno said the underemployment rate of 10.7 percent recorded in September was the...
Finance Secretary Benjamin E. Diokno has ramped up the anti-graft efforts of the Department of Finance through the strengthened operations of the Revenue Integrity Protection Service (RIPS). “Prudent fiscal management must be underpinned by transparency and accountability. As custodians of public...
WATCH: VP and @DepEd_PH Secretary Sara Duterte welcomed the move to discuss the legality of transferring funds. She expressed optimism that the "wisdom" of the Supreme Court will "finally resolve" the issue. (Video courtesy of DepEd) @manilabulletin https://t.co/ZdBrokJoRz...
President Marcos' chief economic manager said the government's swift and resolute actions to combat inflation were responsible for the considerable decrease in consumer prices recorded in October. In a statement, Finance Secretary Benjamin E. Diokno lauded the 4.9 percent headline inflation...
Finance Secretary Benjamin E. Diokno is urging the National Power Corp. (NPC) to improve access to electricity in remote communities. During the NPC's 87th Anniversary, Diokno reminded the company of its mission to provide electricity to remote areas and islands in the Philippines and assured them...
The Department of Social Welfare and Development (DSWD) is set to hold a national consultative meeting with local chief executives on Nov. 8 to strengthen the Kapit-Bisig Laban sa Kahirapan-Comprehensive and Integrated Delivery of Social Services (Kalahi-CIDSS). DSWD Secretary Rex Gatchalian will...
Finance Secretary Benjamin E. Diokno believes that borrowing costs in the country have hit a ceiling. On the sidelines of the Retail Dollar Bond 2 listing on the Philippine Dealing and Exchange Board on Monday, Nov. 6, Diokno stated that there is no rationale to warrant a further increase in...
The Department of Social Welfare and Development (DSWD) urged all sectors to work together in order to enhance children’s health and nutrition as the country celebrates the 31st National Children’s Month (NCM) this November. Secretary Rex Gatchalian called for collaboration among stakeholders...
