The Department of Finance (DOF) celebrated on April 24, 2023 126 years of serving the Filipino people as the country’s steward of sound fiscal policy.
The Development Budget Coordination Committee (DBCC) announced the economic team’s pursuit of additional tax measures in order to bolster revenues to finance the Marcos Jr. administration’s socioeconomic development agenda during the DBCC Press Conference on April 24, 2023.
The Inter-agency Committee on Inflation and Market Outlook (IAC-IMO) convened its first principals-level meeting on April 20, 2023 to discuss updates on specific measures to mitigate food and non-food inflation.
Finance Secretary Benjamin E. Diokno shared the government’s development agenda with business leaders during the Chinese-Filipino Business Club Inc. (CFBCI) Forum with the theme, “Strengthening Economic Resilience and Sustainability: Charting the Path Towards Inclusive Growth,” on April 19, 2023 at the Century Park Hotel, Manila.
Finance Secretary Benjamin E. Diokno emphasized the need for economies to incorporate climate financing into their development efforts in his message for the Vulnerable Twenty (V20) Group Ministerial Meeting X “From Accra to Marrakech: Advancing Fit-for-Climate Financial Architecture and Development-Positive Climate Action” on April 16, 2023.
Finance Secretary Benjamin Diokno briefed investors on the Philippines’ growth agenda during the Philippine Economic Briefing (PEB) held on the sidelines of the World Bank - International Monetary Fund (WB-IMF) Spring Meetings on April 12, 2023 (Eastern Daylight Time) at the Fairmont Washington, D.C., Georgetown.
Finance Secretary Benjamin Diokno stressed the role of the World Bank Group (WBG) and International Monetary Fund (IMF) in supporting countries, especially emerging markets and developing economies (EMDEs), in combating the multiple global crises during his intervention at the 2023 Intergovernmental Group of Twenty-Four (G-24) Ministerial Meeting on April 11, 2023 (Eastern Daylight Time) in Washington, D.C., U.S.A.
The February 2023 unemployment rate stood at 4.8 percent, significantly down from the 6.4 percent recorded in the same period in 2022. More Filipinos have joined the workforce. The February…
The inflation rate in March 2023 further eased to 7.6 percent from 8.6 percent in February 2023. This is within the inflation forecast of the Bangko Sentral ng Pilipinas (BSP)…
