The economic team has made adjustments to improve the current proposals for the military and uniformed personnel (MUP) pension reform after its initial consultations with the Armed Forces of the Philippines (AFP), Philippine Air Force (PAF), and Presidential Security Group (PSG).
The economic team met with members of the Philippine Air Force (PAF) to discuss the proposed reforms to balance the creation of a fair military and uniformed personnel (MUP) pension system while preserving the country’s overall fiscal health during a dialogue held at the Colonel Jesus Villamor Air Base in Pasay City on May 26, 2023.
Congress approved on May 31, 2023 the Maharlika Investment Fund (MIF) Act of 2023. The House of Representatives adopted the Senate version of the bill. SB 2020 was passed on third reading with 19 affirmative votes, one negative vote, and one abstention.
The economic team, comprised of representatives from the Department of Finance (DOF), Bureau of the Treasury (BTr), Government Service Insurance System (GSIS), Department of Budget and Management (DBM), together with the office of Senator and Defense Committee Chair Jinggoy Estrada, met with members of the Armed Forces of the Philippines (AFP) to kick off dialogues on the military and uniformed personnel (MUP) pension system on May 25, 2023 at Camp General Emilio Aguinaldo, Quezon City.
On behalf of the Philippine Government, Finance Secretary Benjamin E. Diokno signed the Metro Rail Transit (MRT) Line 3 Rehabilitation Project (II) loan agreement with Japan International Cooperation Agency (JICA), represented by Chief Representative in the Philippines Sakamoto Takema, on May 26, 2023 at the Department of Finance (DOF) office in Manila.
The Department of Finance(DOF) is the government's steward of sound fiscal policy. It formulates revenue policies that will ensure funding of critical government programs that promote welfare among our people and accelerate economic growth and stability.
Learn MoreThe economic team has made adjustments to improve the current proposals for the military and uniformed personnel (MUP) pension reform after its initial consultations with the Armed Forces of the Philippines (AFP), Philippine Air Force (PAF), and Presidential Security Group (PSG).
Read MoreThe economic team met with members of the Philippine Air Force (PAF) to discuss the proposed reforms to balance the creation of a fair military and uniformed personnel (MUP) pension system while preserving the country’s overall fiscal health during a dialogue held at the Colonel Jesus Villamor Air Base in Pasay City on May 26, 2023.
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The Civil Service Commission (CSC) is launching the 'CSC in Action' program on PTV 4 Ulat Bayan Weekend starting on February 2023. Please watch and share this short clip to get to know more details about the upcoming program.
The 60 second feature on CNN International's television highlighted that the Philippines had one of the fastest growing pre-COVID 19 regional economies, and is expected to bounce back in 2022.
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