Finance Secretary Frederick D. Go said the Philippines’ transition to the World Bank’s upper-middle income category validates the Marcos administration’s economic reforms after the country joined economies such as Malaysia, Thailand, and China.
The Philippines has secured an AUD45 million (P1.9 billion) grant from Australia to fix bottlenecks in doing business and accelerate private sector growth.
Finance Secretary Frederick D. Go urged members of the Economic Development Committee (EDCom) to build on key policy gains and deepen interagency coordination to manage inflation and strengthen investments, as the panel wrapped up its sixth and final meeting for the year on Dec. 11, 2025.
The Fiscal Incentives Review Board (FIRB) has approved ₱20.9 billion in tax subsidies for various government institutions in a bid to make public services more efficient and accessible for Filipinos.
The Department of Finance (DOF) is focusing on digitalization, sustainability, and diversification to propel businesses and fortify the Philippine economy against future challenges.
The Department of Finance is spearheading the development of a Tax Administration Transition Plan for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), aimed at establishing a digitalized tax system.