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MANILA — President Ferdinand Marcos Jr. asked Congress on Tuesday to approve a 7.2 trillion-peso ($118.1 billion) budget for 2027, 6% higher than this year, as his government sough...
The UA allocation for 2027 is 'the lowest amount nominally of the UAs since 2019 and only accounts for 1.5% of the total expenditure program — the lowest ratio since 1991,' says DB...
Will lawmakers again push for a higher amount for the Assistance to Individuals in Crisis Situations program?
The University of the Philippines System has a proposed allocation of P26.53 billion for next year, which is lower than the funding it received in the 2026 national budget
MANILA, Philippines – The House of Representatives is set to start tackling the proposed P7.2-trillion national budget for 2027 next week, Manila Rep. Bienvenido Abante Jr. announc...
MANILA, Philippines — While the government did not heed the call of budget watchdogs to eliminate unprogrammed appropriations (UA) in the national budget, the Department of Budget...
MANILA, Philippines — The national government’s outstanding debt is projected to climb to a record P21.479 trillion by end-2027 amid the peso’s depreciation and a slower pace of fi...
MANILA, Philippines — The Marcos administration’s budget deficit widened by 9.4 percent to P264.3 billion in June as government spending outpaced revenue collections, according to...
MANILA, Philippines – The Department of Budget and Management (DBM) has launched a centralized online platform allowing the public to track government spending from budget approval...
Inamin ni DBM chief Kim Robert de Leon na may P112 bilyong standby fund sa 2027 national budget na kinuwestiyon naman ni Rep. Leila de Lima. The post DBM chief pumiyok sa P112B `st...
MANILA, Philippines — The Philippine government’s outstanding debt surpassed the P19-trillion mark in June, showing its continued reliance on borrowing to finance the budget defic...
If it pushes through, Pax Silica's lease income is expected to 'far outweigh' the costs of managing the proposed New Clark City hub, according to Finance Secretary Frederick Go
MANILA, Philippines — The Marcos administration slashed its infrastructure disbursement program for 2027 by about 20.8 percent to P1.34 trillion from the P1.691 trillion initially...
The Marcos administration has lowered its macroeconomic targets through 2030 and raised the proposed 2027 national budget to P7.2 trillion as it adopted a revised fiscal framework...
MANILA — The Philippines‘ gross foreign reserves PHFXR=ECIdropped to $103.4 billion at the end of July from $104.7 billion a month earlier, the central bank said on Friday, citing...
Economic managers expect growth to moderate this year due to 'heightened domestic and external uncertainties,' including governance-related issues, geopolitical tensions in the Mid...
Move as One Coalition also questions the absence of funding for service contracting and fuel subsidies for transport drivers in the proposed 2027 budget of Department of Transporta...
MANILA, Philippines — The total funds and assets held by the Philippines’ financial institutions climbed to a fresh record high in June, crossing the P38-trillion mark for the firs...
MANILA, Philippines — The Philippine government has secured another 200 million euros ($230 million) in financing from French development agency Agence Française de Développement (...
MANILA — The Philippines’ budget planning committee announced a 2027-2030 GDP growth target of 5.0% to 6.0%, saying on Wednesday that elevated inflation this year may temper househ...
MANILA — The Philippines posted a trade deficit PHTBAL=ECI of $4.9 billion for June, preliminary official data showed on Thursday. Imports PHIMP=ECI in June rose 19.6% from a year...
This week saw two economic adjustments, one on the minimum wage, and the other on the World Bank’s class-ranking of the Philippines. Adjusting the minimum wage. On June 29 it was a...
Isusulong ni Senador Bam Aquino ang imbestigasyon sa P67B pondo para sa mga classroom project upang matiyak na maayos ang implementasyon nito. The post Senado sisilipin P67B pondo...
Ibinunyag ni dating DBM chief Benjamin Diokno na inabuso ng Kongreso ang unprogrammed appropriations sa pamamagitan ng mga budget insertion. The post Ex-DBM chief Benjamin Diokno b...
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