Saturday, 25 January 2025
25 Oct 2024
9:46AM
Philippine gov’t budget deficit rose in Sept as spending outpaced revenue growth
Despite the higher September deficit, the national government remains on track to meet its fiscal targets, with 65.4 percent of the P1.5-trillion full-year deficit program achieved as of September, the Bureau of the Treasury said.
4 Oct 2024
7:08AM
Philippine government reducing fiscal deficit at slower pace than planned, IMF says
The current consolidation plan was put in place to reduce the government’s deficit and debt, both of which grew due to massive spending during the COVID-19 pandemic.
29 Aug 2024
4:20PM
Gov’t borrows $2.5B via global bonds at lower-than-expected rates, boosting fiscal flexibility
Finance Secretary Ralph Recto expressed satisfaction with the strong investor response, noting, “compared to our regional peers, the Philippines’ issuance achieved among the best pricing in all of our tranches this year."
Philippine gov’t readies new foreign loan via Baa2-rated global bond issues — Moody’s
28 Aug 2024
5:44PM
Remolona cheers Moody’s rating decision, says BSP, gov’t working to boost grade further
23 Aug 2024
11:42AM
Moody's affirms PH investment-grade Baa2 debt rating, citing economic and fiscal reforms
23 Aug 2024
11:26AM
27 Aug 2024
8:06PM
Seven ex-Finance chiefs back Recto on using state firms’ excess funds for gov’t spending
Seven former Secretaries of Finance have expressed their support for Finance Secretary Ralph Recto's controversial order to utilize excess funds from state corporations to finance essential government projects.
19 Aug 2024
7:16AM
INSIDER VIEW: Our budget conundrum for ‘protecting the people, securing the state’
When talking of the budget for the military and other uniformed personnel, it is high time to talk about their pension system, which is afflicted by a critical illness slowly but surely endangering the overall fiscal health of the government. Critical reforms are urgently needed.
11 Jun 2024
7:29AM
IMF: PH fiscal recovery slower than expected amid economic growth
An International Monetary Fund (IMF) team on Monday conducted meetings with Philippine economic managers and highlighted concerns about the slower-than-expected pace of the country’s fiscal consolidation.
16 May 2024
9:20AM
INSIDER VIEW: Budget deficits and the challenge of PH education
A century ago, Joseph Schumpeter wrote, “the spirit of a people, its cultural level, its social structure, all this and more is written in its fiscal history. The public finances are one of the best starting points for an investigation of society.”
25 Apr 2024
4:05PM
SEC relaxes final cornerstone investor rules
By: Miguel R. Camus
The Securities and Exchange Commission (SEC) dropped the proposed 30-day lockup rule for early initial public offering buyers, known as cornerstone investors, as it issued new guidelines to spur market activity.
24 Apr 2024
3:20PM
Recto Completes Fiscal Team, Appoints New Revenue Operations Chief
Finance Secretary Ralph G. Recto has finalized his fiscal policy team at the Department of Finance (DOF), appointing Atty. Charlito Martin R. Mendoza as the Undersecretary for the Revenue Operations Group.
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