Purisima: We welcome the upgrade, but we are still a notch underrated The Department of Finance welcomed news of Moody's upgrading the Philippines' credit rating from Baa3 to Baa2 by…
“Economic growth rates offer a picture of a country’s trajectory, and growth is rarely a straight line. The Philippines under President Aquino’s leadership has consistently shown that we have changed…
P7.6 trillion debt reflects a decrease of P79.0 billion from end December 2013 figure As of March 2014, Outstanding Public Sector Debt was recorded at P7.6 trillion, equivalent to 64.3%…
Ratio improved 7 percentage points from 44.3% figure posted in 2009 As of June 2014, the General Government Debt stood at P4.5 trillion or 4.4% year-on-year up from June 2013…
“The second quarter GDP growth of 6.4% demonstrates the increasing resiliency and diversity of the Philippine economy with varied sectors of the economy leading our growth. “While consumption was is…
Street vendors wait for customers on an overpass in Manila, the Philippines. Consumer prices rose 4.9 percent in July from a year earlier, the fastest pace since October 2011. The…
Outstanding Public Sector Debt to GDP down to 70.2% as of 2013 Q2 General Government Debt to GDP at 39.2% as of 2013 Q2 As of June 2013, Outstanding Public…
BIR posts highest tax effort since 2000 As of September 2013, the National Government posted a Deficit-to-GDP ratio of 1.2%, way below the projected 2.0% for 2013. The budget deficit…
General Government Debt down to 38.9% of GDP As of March 2013, the Philippines’ Consolidated Public Sector Debt was recorded at P7.7 trillion, equivalent to 71.3% of GDP. The ratio…
The Secretary of Finance today announced that in 2012 the overall deficit of the public sector was P163.3 billion, equivalent to 1.5% of GDP. This amount is P11.8 billion lower…
