The national government’s budget balance swung back to a deficit in the first semester of the year, with public spending expanding by double digits from a year ago, data from the Bureau of the Treasury (Btr)showed.
Read MoreFinance Secretary Carlos Dominguez today said the “wide gamut” of political and economic initiatives outlined by President Duterte in his first-ever State of the Nation Address (SONA) will let the new government put on the fast lane its 10-point socioeconomic agenda meant to disperse income and spell progress for all over the next six years.
Read MoreFinance Secretary Carlos Dominguez III has formally created the Anti-Red Tape Team at the Department of Finance (DOF) and has appointed Undersecretary Gil Beltran as its chairperson, in line with President Duterte’s very first directive for all government offices to provide fast and hassle-free frontline services to the public.
Read MoreExecutive Secretary Salvador Medialdea, Governor AmandoTetangco, members of the Monetary Board, my distinguished predecessor, former prime minister and finance minister Cesar Virata, Dr. Lucio Tan and family, treasurer Bobby Tan, BIR Commissioner Billy Dulay, Securities and Exchange Commission Chairman Teresita Herbosa, SSS Chairman Juan Santos, SSS President Emilio de Quiros, PDEA Director General Isidro Lapeña, friends from the Chinese Federation, chairman Florencia Tarriela, vice chairman Felix Alfiler and the rest of the PNB Board, president Reynaldo Maclang, dear friends:
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