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Government borrowings seen to peak by 2025, 2026

BORROWINGS under the Marcos administration are expected to peak by 2025 or 2026 as the government raises its revenue through new tax measures in the coming years, according to the Department of Budget and Management (DBM). "The [borrowing] will peak by 2025 to 2026 depending on the collection and expenditure,"…
Amenahf Pangandaman Value Added Tax On Digital Services National Expenditure Program Department Of Budget Strategy Group Joselitor Basilio Term Fiscal Program

Duterte briefs PBBM on China trip, Xi meeting | Samuel P. Medenilla

FORMER President Rodrigo R. Duterte finally met with President Ferdinand R. Marcos Jr. on Wednesday evening in Malacañang to discuss his recent trip to China. In a brief statement, Presidential Communications Office Cheloy V. Garafil disclosed that Duterte talked about his meeting with Chinese President Xi Jinping in Beijing. “They…
Bogu Xinhua Juan Miguelf Zubiri Rodrigor Duterte Ferdinandr Marcos Jr Joel Villanueva Presidential Communications Office Cheloyv Garafil

DBM defends P2.93-B UP budget cut | Samuel P. Medenilla

The "budget cut" for the University of the Philippines (UP) in the 2024 National Expenditure Program (NEP) will not affect the number of enrollees it can accommodate, according to the Department of Budget and Management (DBM). DBM Secretary Amenah F. Pangandaman made the assurance amid the "seeming" P2.93 billion reduction…
University Of The Philippines Quezon City Amenahf Pangandaman National Expenditure Program Department Of Budget Expenditure Program

DBP defends 58% jump in OP's budget for 2024 trips

JUSTIFIED expenses that can help the government draw more investments in the country and beef up national cybersecurity. This was how the Department of Budget and Management (DBM) defended the higher budget allocated for President Ferdinand R. Marcos, Jr.’s local and overseas trips, as well as intelligence funds for all government…
Ferdinandr Marcos Jr Department Of National Defense Department Of Information National Expenditure Program Office Of The Vice Communication Technology

Bankers brave the rain to meet new BSP chief | Ma. Stella F. Arnaldo

Stella Arnaldo THE torrential rain last Friday certainly didn’t keep the leaders in the banking and financial sectors from attending the reception to get to know the new Bangko Sentral ng Pilipinas (BSP) Governor Dr. Eli M. Remolona Jr. and celebrate the monetary institution’s 30th anniversary. A proud product of…
New York University New York United States Hong Kong Columbia University Elim Remolona Jr

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EO 138 on full devolution may remain suspended until next year–DBM chief

The implementation of Executive Order (EO) No. 138 devolving more functions of the national government (NG) to local government units (LGU) will likely remain suspended until next year, according to the Department of Budget and Management (DBM).  In an interview with reporters in Malacañang on Thursday, Budget Secretary Amenah F. Pangandaman disclosed…
Ferdinandr Marcos Jr Rodrigor Duterte Department Of Budget National Economic Development Authority Neda National Expenditure Program

Chiz cautions vs halting project on US government say-so

SEN. Francis Chiz Escudero cautioned Malacañang to avoid being stampeded into blocking a Manila Bay reclamation project solely on the basis of the United State government’s concern over “long-term environmental impact” and the Chinese partner of the project proponent: a state-owned Beijing firm earlier blacklisted by Washington. Escudero said halting…
Manila Bay Philippines General United States South China Sea Brunei General World Bank

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