The Intergovernmental Fiscal Policy Board (IFPB) has resolved to commence the review of the Annual Block Grant (Block Grant) formula for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) to…

The Department of Finance (DOF) was among the government agencies lauded and recognized by President Ferdinand R. Marcos, Jr. for playing a key role in the Philippines’ successful exit from…

Finance Secretary Ralph G. Recto has highlighted the sustained resilience of the Philippine economy, which continued to grow among the fastest in the ASEAN region at 5.4% in the first…

Finance Secretary Ralph G. Recto emphasized the continued strength and resilience of the Philippine labor market, with key indicators reflecting sustained stability. In March 2025, the country’s employment rate held…

Finance Secretary Ralph G. Recto underscored that the drop in the country’s inflation rate to 1.4% in April 2025—the lowest since November 2019—reinforces the government’s determination to ensure that this…

The Philippines, through the Department of Finance (DOF), has backed the World Bank’s (WB) new job creation agenda towards generating employment and advancing the quality of jobs in emerging markets…

The Philippines has secured its first Adaptation Fund (AF)-financed project worth USD 10 million during the 44th Board Meeting of the Adaptation Fund held in Bonn, Germany last April 8…

The Philippines was recently chosen to join the Adaptation Fund Board, an international climate fund established as a financial mechanism under the United Nations Framework Convention on Climate Change that…

Finance Secretary Ralph G. Recto has welcomed Fitch Ratings’ recent affirmation of the Philippines’ ‘BBB’ credit rating with ‘Stable’ outlook, which reflects the country’s strong medium-term growth amidst rising external…

The Department of Finance (DOF) categorically refuted reports alleging the imposition of new taxes and stressed that there is no need for additional revenue measures at this time, given the…