Development Budget Coordinating News Today

A senior lawmaker is seeking approval of a bill that would cut taxes on energy-related products and services as fuel costs rise and crimps consumers’ purchasing power. Camarines Sur Rep. LRay F. Villafuerte is pushing for price-cut proposals after oil companies raised pump prices of gasoline and diesel on August…

(UPDATE) BUDGET Secretary Amenah Pangandaman on Wednesday promised sufficient funding for the Philippine Navy and the Philippine Coast Guard as they secure the countrys shorelines amid growing tensions in the West Philippine Sea (WPS).

(File photo) MANILA - Deputy Speaker Bernadette Herrera on Thursday urged the Development Budget Coordination Committee (DBCC) to convene in the next several days so they can firm up their recommendation to President Rodrigo Roa Duterte on the suspension of excise tax on oil amid the unabated fuel price hikes. Herrera said suspension is the only action the DBCC is authorized to exercise under Section 43 of the Tax Reform for Acceleration and Inclusion (TRAIN) law, but it is not their only option...

AS government revenues recover and spending mildly decelerates, the chairman of the House Committee on Ways and Means said the national government’s deficit this year will be P200 billion less than expected by the Development Budget Coordinating Committee. In a statement over the weekend, Albay Rep. Joey Sarte Salceda said the government is very…