The Department of Budget and Management (DBM) said it has lined up several initiatives aimed at achieving open government and ensuring fiscal transparency. In a statement, Budget Secretary Amenah F. Pangandaman said she is supporting the promotion of open governance and fiscal transparency, which is...
The Department of Finance (DOF) reported that the national government posted a budget surplus in the first-month of the year owing to robust revenue collection and weak public spending. Finance Secretary Benjamin E. Diokno said on Friday, March 17, that the government fiscal surplus reached P45.75...
Road infrastructure in known tourist destinations in the country will receive higher funding from the national government this year, the Department of Budget and Management (DBM) said. In a statement, Budget Secretary Amenah F. Pangandaman said the government plans to construct, reconstruct,...
About 1,500 kilometers of roads and 161 bridges were built and improved around the country in six months, the Department of Public Works and Highways (DPWH) said. Public Works and Highways Secretary Manuel Bonoan in a Palace briefing on Tuesday, March 14, said he presented to the President the...
The Philippine economy is spared from the high-profile collapse of the Silicon Valley Bank (SVB), the Department of Finance (DOF) said on Wednesday, March 15. Finance Secretary Benjamin E. Diokno said local banks have no exposure to the problems faced in the US financial sector in the aftermath of...
There is no truth to rumors that President Ferdinand "Bongbong" Marcos Jr.'s second executive secretary since he assumed the position is resigning. This was confirmed on Tuesday by Executive Secretary Lucas Bersamin himself, who called the rumor in a statement as "fake news." He added that it is...
More than 70,000 infrastructure projects are expected to be implemented around the country this year, Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan announced. "[T]he Department of Public Works and Highways for this year, for 2023, is going to implement more than 70,000...
A non-profit organization believes that the government should amend the tax incentives for electric vehicles as it 'lacks inclusivity.' According to Philippine Business for Environmental Stewardship Secretary General Felix Jose Vitangcol, there seems to be a problem in the EO since only a limited...
The Department of Education (DepEd), led by Vice President and Education Secretary Sara Duterte, underscored the importance of providing a safer digital community for the protection of children and women. “I urge everyone to work with vigor and enthusiasm in promoting the advancement of inclusive...
International think-tank and research organization Stratbase ADR Institute believes that electric motorcycles' inclusion in tariff reductions under Executive Order No. 12 would be beneficial to the public. (Photo courtesy of DOST-PCIEERD) Under EO12, several types of EVs have received tariff...
The National Economic and Development Authority (NEDA) said the Regional Comprehensive Economic Partnership (RCEP) would further enhance the country’s market access. In a statement on Monday, Feb. 20, NEDA Secretary Arsenio M. Balisacan said that they remain steadfast in their support toward the...
The Maharlika Investment Fund (MIF) would be the alternative source of government financing once the Philippines becomes an upper-middle income economy, which disqualifies the country from less expensive development loans, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno...
