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Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned her confidential fund to government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for an […].....»»
Continue serving with care, compassion, PBBM tells DSWD
President Ferdinand R. Marcos Jr. emphasized the importance of serving the public with care and compassion during the Department of Social Welfare and Development's (DSWD) 73rd anniversary celebration. He commended the DSWD for its continuous efforts in providing aid to disaster victims and the disadvantaged sectors. President Marcos urged the DSWD to treat the poor and vulnerable with kindness and empathy, highlighting the agency's role in uplifting communities. He also noted the significant increase in the agency's budget, particularly for programs such as Pantawid Pamilyang Pilipino Program (4Ps), senior pension, food catering operations, and the food stamps program. President Marcos emphasized that the DSWD's programs are designed to offer a hand up rather than a handout, aiming to empower individuals and families to improve their circumstances. He underscored the government's commitment to dignified giving and support for those in need, emphasizing the agency's role in providing assistance while promoting self-sufficiency......»»
Recto urged to pursue progressive taxes
Newly appointed Finance Secretary Ralph Recto should backpedal from pursuing consumption-based taxes and instead focus on more progressive ones in order to generate revenues amid the country’s limited fiscal space, economists said......»»
How safe is our space?
Safe Spaces Act (Bawal Bastos Law) or the Republic Act No. 11313 was enacted into law in April 2019. It was signed by former President Rodrigo Duterte to increase protection against sexual harassment whether online or in the physical space. This covers all forms of gender-based sexual harassment (GBSH) committed in public spaces, educational or training institutions, workplaces, and online spaces......»»
Councilor urges social media influencers to observe local laws
The Davao City councilor, Temujin “Tek” Ocampo, has urged social media influencers to familiarize themselves with local ordinances before promoting areas to their followers. Ocampo, who heads the Committee on Environment and Natural Resources, appreciates the promotion of Davao City by social media influencers but emphasizes the importance of understanding local laws before attracting crowds to specific areas. He expressed gratitude for the promotion but highlighted the challenge of controlling the influx of people once a location is featured. Ocampo plans to collaborate with Councilor Al Ryan Alejandre, Chair of the Committee on Tourism and Beautification, to accredit social media vloggers through the local government unit. He underscored the need for accredited vloggers, recognizing their contributions to the city and addressing any mistakes they might make. This initiative aims to balance recognition for positive actions with corrective measures for any missteps. The concerns arose in November 2023 when a Davao City-based environment group criticized a travel vlogger for promoting recreational activities in a river within the Panigan-Tamugan Watershed. Following a waste dumping incident on January 11, 2024, the group urged Dabawenyos, especially vloggers and influencers, to refrain from visiting protected areas for leisure. They emphasize the importance of understanding and respecting rules and regulations before endorsing specific parts of the city......»»
With over 460 million children living in conflict, child protection systems must be strengthened, says UNODC Executive Director
In a world where "460 million children were living in contexts of conflict in 2022", child protection systems must be strengthened, said Ms. Ghada Waly, Executive Director of the United Nations Office on Drugs and Crime (UNODC), at a high-level conference at the European Parliament. At the Protection of Children in Armed Conflict conference in Brussels, organize.....»»
BARMM launches social services programs online portal
BARMM launches social services programs online portal.....»»
Caritas Philippines hits Charter change initiative; says Constitution ‘not a political football’
DAVAO CITY (MindaNews / 12 January) – The social action arm of the Catholic Bishops Conference of the Philippines has expressed its opposition to moves to amend the 1987 Constitution and urged instead the government to “focus on strengthening basic social services, combating corruption, and implementing programs that address the plight of the poor.” In […].....»»
US budget deficit tops half a trillion
Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December a.....»»
Solon sipsip sa China, campaign fund inaasinta
Parang suso kung sumipsip sa China ang isang mambabatas para lamang makakuha ng campaign fund sa pagtakbo niya sa 2025 elections. The post Solon sipsip sa China, campaign fund inaasinta first appeared on Abante......»»
SSS taps Metrobank to manage P1.5 billion fund
Social Security System (SSS), the state-pension fund, has selected Metrobank Trust, the trust banking arm of the Ty-led Metropolitan Bank & Trust Co. (Metrobank) to manage a P1.5 billion balanced fund......»»
New Board Members for UN Voluntary Trust Fund for Victims of Trafficking in Persons Announced
Vienna, 2024: The latest board of trustees of the UN Voluntary Trust Fund for Victims of Trafficking in Persons (UNVTF) has been established. The board is now constituted of:The five anti-human trafficking experts, representing the five UN Regional Groups, were appointed by the UN Secretary General Antonio Guterres to provide strategic guidance to the Trust Fund over th.....»»
MUP pensions, Maharlika Fund pose risks to PH economy, says new study
Dr. Margarita Debuque-Gonzales, a former senior research fellow of government think-tank PIDS, says the Filipino people ‘should be the ones to monitor the Maharlika Fund because this is your fund’.....»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned any confidential funds to the government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for […].....»»
GOCC subsidies down 18 percent to P164 billion in 2023
Budgetary support to state-run firms slipped to P164 billion last year amid a tight fiscal space but the health and agriculture sectors remain the priorities for subsidies......»»
P146 billion airport contracts set for signing this year
The Department of Transportation will sign this year more than P146 billion worth of contracts for the privatization of four airports, freeing up fiscal space for the government and building up the public-private partnership landscape......»»
Recto wants to expand free education
The government should make fiscal space available to expand free education in the country, according to Finance Secretary Ralph Recto, as he deviates yet again from his predecessor......»»