2023 budget designed to shield PH economy from 'any shocks': DBM
MANILA - The PHP5.268 trillion national budget for 2023 contains allocations that will help protect the Philippine economy from the "negative" impact of internal and external shocks, the Department of Budget and Management (DBM) said on Wednesday. The DBM issued the statement a day after the Philippine Statistics Authority (PSA) reported that the country's headline inflation rate in January climbed to 8.7 percent from 8.1 percent in December 2022. The budget department said this year's national budget is composed of allocations intended for the implementation of the governmen...