“I am pleased to note that the National Government has recorded a budget deficit of P2.5 billion in October 2014, 77% narrower than the year-ago deficit, as revenue collections maintain its quick-paced growth. The year-to-date budget deficit was at P33.6 billion, well-within the program.
Read MoreTRANSCRIPT: 44th IAFEI World Congress in The Shangri-La, Makati, October 16, 2014 – Finance Sec. Cesar Purisima
“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.
Read MoreFinance Secretary and PDIC Chairman Cesar V. Purisima was presented the “Deposit Insurance Organization (DIO) of the Year” award by PDIC President Valentin A. Araneta in simple ceremonies held on December 10, 2013. Purisima congratulated the entire PDIC workforce for the international recognition. He also commended the PDIC for living up to President Benigno S. Aquino III’s advocacy for good governance in Philippine institutions. He urged the PDIC to sustain and continually improve its operations in the performance of its multi-faceted role as Deposit Insurer, Co-regulator of banks, and Receiver and Liquidator of closed banks.
Read MoreDepartment of Finance Secretary Cesar Purisima spoke before the prestigious Les Entretiens de Royaumont (The Royaumont Interviews) on 30 November 2013.
Read MoreStatement by the Hon. Cesar V. Purisima,
Governor of the Bank for the Philippines
DOF Secretary Cesar Purisima called on the country’s certified public accountants to step up and work with the government to improve tax compliance, particularly the continuing decline of tax collections from self-employed professionals.
Read More“From the perspective of the Philippines, Ms. Janet Yellen is an excellent and worthy choice as successor to Chairman Ben Bernanke of the Federal Reserve. Her nomination is an historic one, as the first woman to helm the position of undoubtedly the world’s most important central bank.
Read More“As part of our goal to institutionalize good governance through legislation, I would like to reiterate the Department’s support for House Bill No. 2765, An Act Rationalizing the Grant and Administration of Fiscal Incentives for the Promotion of Investments and Growth, and for Other Purposes, also known as the Fiscal Incentives Rationalization Bill, as filed by Representative Luigi Quisumbing of the 6th district of Cebu.
Read MoreAt a meeting of the government’s cabinet officials to prioritize the cabinet’s legislative proposals, Finance Secretary Cesar Purisima put forward a list of proposed bills to answer key economic concerns of both the government and private sector. The meeting will result in a list of measures which the executive branch will propose for legislative action at the start of the 16th Congress on July 22, coinciding with President Benigno S. Aquino III’s State of the Nation Address.
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