Finance Secretary Carlos Dominguez III has thanked the Congress for its crucial role in ensuring that the government is financially able to meet the challenges of the crisis spawned by…
The country’s consolidated General Government (GG) debt stood at P6.79 trillion in the third quarter of 2019, or down by 0.4 percentage point to the ratio of 37.2 percent of…
More than 115,000 employees of small businesses adversely affected by the work stoppage resulting from the coronavirus pandemic have already received their cash grants under the Small Business Wage Subsidy…
The Economist ranks the Philippines 6th among selected emerging economies in the world, and the best among those ranked from Southeast Asia, in terms of economic, fiscal, and financial management.…
In line with the provisions of Republic Act (RA) No. 11469, or the Bayanihan to Heal as One Act, which seeks to provide relief to Filipinos impacted by the severe…
The Philippines and the Asian Development Bank (ADB) signed Tuesday (April 28) an agreement for a US$200-million loan on additional financing for the government’s efforts to provide unconditional emergency cash…
The Philippines signed Tuesday (April 28) a US$100-million loan agreement with the World Bank that aims to strengthen the country’s capacity to prevent, detect and respond to the threat posed…
The government has thus far spent around P258 billion, or 73 percent of the P352 billion it has released for its coronavirus response programs, on emergency subsidies and other forms…
The Department of Finance (DOF) has proposed to extend the net operating loss carry-over (NOLCO) for small businesses to five years, with the government absorbing as much as P139.6 billion…
Total collections of the Bureau of Internal Revenue (BIR) from January to mid-April this year dived further to P480.64 billion, which is P226.15 billion or 32 percent below what it…
