The national government (NG) continues to manage the large debt it has inherited from the previous administration by growing the economy faster, thus bringing borrowings down to a sustainable level…
The Department of Finance (DOF) is maximizing the National Government’s (NG) revenue streams by privatizing non-performing and idle public assets in order to generate more funds to aid national development…
Finance Secretary Ralph G. Recto has assured the House of Representatives that the government is on-track to achieving its targets under the refined Medium-Term Fiscal Program that gradually reduces deficit…
Finance Secretary Ralph G. Recto has welcomed the Philippines' top performance in the Institute of International Finance (IIF)'s 2024 Investor Relations and Debt Transparency Report, crediting the Department of Finance…
Background The Philippines has been identified as one of the beneficiaries of a debt conversion program by the Italian Government under its 2011-2013 Programming Guidelines and Directions. This led to…
Finance Secretary Ralph G. Recto today urged the Congress to partner with the Department of Finance (DOF) in swiftly passing crucial reforms needed to reduce the Philippines’ deficit and debt levels during the 2024 Philippine Economic Outlook Briefing and Luncheon at the Admiral Hotel, Manila.
The Department of Finance (DOF), through the Bureau of the Treasury (BTr), has exercised proactive debt management by successfully converting the reference rate from floating to fixed on US$ 11.13…
Fitch Ratings has affirmed the Philippines’ ‘BBB’ credit rating with a Stable Outlook in view of strong growth and declining debt in its rating action commentary released on November 10,…
