Department of Finance to Rationalize All Issuances

Finance Secretary Cesar V. Purisima signed a Department Order last 19 January 2016 rationalizing all issuances (e.g., Orders, Circulars, etc.) released by the Department of Finance, including all its bureaus…

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National Government Budget Surplus at P6.0 Billion in November 2015

Year-to-date balance registers a deficit of P46.5 billion The National Government’s budget balance in November 2015 was at a surplus of P6.0 billion, bringing the year-to-date balance to a deficit…

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Philippines Joins Asian Infrastructure Investment Bank

30 December 2015—The Republic of the Philippines will be signing the Articles of Agreement (AOA) of the Asian Infrastructure Investment Bank (AIIB) before year-end, joining the newly created multilateral institution…

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General Government Debt-to-GDP at 36.8% as of end-September 2015

Purisima: Keep ratio down to keep PH resiliency As of September 2015, the General Government debt to GDP ratio improved to 36.8% from 37.2% in Q3 2014. Finance Secretary Cesar…

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