On Standard and Poors’ Upgrade of the Philippines to Investment Grade Rating
Statement of the Secretary of Finance on Standard and Poors' Upgrade of the Philippines to Investment Grade Rating I would like to thank Standard and Poors for their upgrade of the Philippines to Investment Grade rating, from BB+ to BBB- with a stable outlook, today. We are very pleased that S&P, along with Fitch, has also now affirmed the Philippines strong economic and fiscal gains,... read more
On Phoenix Petroleum Philippines paid advertisements published today
Statement of Finance Secretary Cesar V. Purisima on Phoenix Petroleum Philippines paid advertisements published today The Department of Finance unconditionally supports the Department of Justice and Bureau of Customs in their resolution to charge the President and Chief Executive Officer of Phoenix Petroleum Philippines for violations of the Tariff and Customs Code of the Philippines in... read more
Purisima on Standard and Poors’ Upgrade of the Philippines to Investment Grade Rating
Statement of the Secretary of Finance on Standard and Poors' Upgrade of the Philippines to Investment Grade Rating I would like to thank Standard and Poors for their upgrade of the Philippines to Investment Grade rating, from BB+ to BBB- with a stable outlook, today. We are very pleased that S&P, along with Fitch, has also now affirmed the Philippines strong economic and fiscal gains,... read more
Statement of Finance Secretary Cesar V. Purisima on Phoenix Petroleum Philippines paid advertisements published today
The Department of Finance unconditionally supports the Department of Justice and Bureau of Customs in their resolution to charge the President and Chief Executive Officer of Phoenix Petroleum Philippines for violations of the Tariff and Customs Code of the Philippines in connection with allegations of unlawful and fraudulent imports of gas oil, unleaded gasoline and petroleum products. There... read more
On Takehiko Nakao’s nomination as ADB president
Secretary of Finance Cesar Purisima expressed his support for Japan's nominee for the presidency of the Asian Development Bank (ADB), Takehiko Nakao. Nakao currently serves as Japan's Vice Finance Minister for International Affairs, the same post previously held by outgoing ADB President Haruhiko Kuroda. We welcome the nomination of Vice Minister Nakao, whose qualifications make him an... read more
On GDP growth in Q4 2012
"The robust economic performance in 2012 shows us that Aquinomics works. Aquinomics is all about the public and the private sectors working together. Despite the uncertainty in the global economy, this public and private partnership allowed us to grow way above our historical trend. Take for instance construction, the public sector took the lead in the first and second quarters while the private... read more
On the January-November 2012 NG Fiscal Performance
Fiscal deficit as of November contained to 45.6% of full-year program BIR surpasses November collection target by 7.6% THE GOVERNMENT contained the fiscal deficit as of November to P127.3 billion, controlling the deficit level to 45.6% of the full-year program. With the solid government fiscal performance due to respectable improvements in the Aquino administrations spending and... read more
On January-October 2012 Fiscal Performance
Revenues surge 29.2% year-on-year in October Ten-month fiscal deficit at P115.736 billion with revenues up 11.8% and spending up 14.5% THE GOVERNMENT collected P134.320 billion in October, soaring 29.2% from the last year and bringing the ten-month aggregate revenue to P1.253 trillion. This is the second highest monthly growth for the year. The fiscal deficit for the first ten months of... read more
