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Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Budget surplus unlikely to last – Recto
The record budget surplus in January is unlikely to be sustained over the coming months, more so for the rest of the year, but the government is not worried so long as revenue targets are achieved, according to Finance Secretary Ralph Recto......»»
Unprogrammed appropriations boosted 2023 budget by P374 billion
The government has included a P374-billion additional program, on top of the P5.268 trillion national budget in 2023, the bulk of which were unprogrammed appropriations......»»
P4.57 trillion in agency budget released
Nearly 80 percent of the record P5.768 trillion budget for the year has been released as the government ramps up implementation of various programs......»»
DavOro guv refutes claims she barred dept heads from attending SP budget proceedings
DAVAO de Oro Governor Dorothy "Dotdot" Gonzaga clarified the information released by the Office of Vice Governor Jayvee Tyron Uy that among the factors of the delay of the approval of the Calendar Year Executive Budget for 2024 was because she prevented the department heads of the provincial local government unit from attending the Sangguniang Panlalawigan (SP) proceedings......»»
Charter Day bonus for Cebu City gov’t employees ‘still pending’
CEBU CITY, Philippines – The Charter Day bonus for Cebu City government employees is still subject to deliberation, meaning there is no definite final date yet as to when it will be given. Councilor Noel Wenceslao, chairman of the Committee on Budget and Finance, has confirmed that Supplemental Budget 1, which includes allocations for the.....»»
‘Imee budget realigning led to millions not receiving 4Ps’
Nearly 4.3 million poor Filipinos were deprived of cash aid under the government’s Pantawid Pamilyang Pilipino Program in 2023 after Sen. Imee Marcos realigned the 4Ps funding of P13 billion in the national budget to another social amelioration program, a member of the House of Representatives said yesterday......»»
Teachers urge Congress: Fund classrooms, not Charter plebiscite
he Alliance of Concerned Teachers on Thursday called on the House of Representatives to reallocate the budget earmarked for the proposed Charter change plebiscite toward constructing more classrooms amid the learning crisis......»»
DBM: Infrastructure, capital expenditures breach P1 trillion
Expenditures of the national government for infrastructure and other capital outlays grew to P1.02 trillion from January to November 2023 from only P861.8 billion in the same period in 2022, according to the Department of Budget and Management......»»
EDITORIAL - Under lock and key
The Civil Service Commission has reminded all government officials and employees of the April 30 deadline to submit their sworn Statements of Assets, Liabilities and Net Worth for 2023......»»
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 […].....»»
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 […].....»»
DMW’s new 10-point agenda to run on lesser 2024 budget
New Department of Migrant Workers Secretary Hans Leo Cacdac will prioritize overseas Filipino workers' protection and financial leverage despite his agency receiving a lower budget this year by some P2.935 billion......»»
Touring Osaka, Kyoto, and Nara on a budget
Touring Osaka, Kyoto, and Nara on a budget.....»»
55% in SEA ready for domestic travel for safe, budget-friendly destinations
55% in SEA ready for domestic travel for safe, budget-friendly destinations.....»»
B.C. s Filipino community celebrates federal budget nod to new cultural centre
Members of British Columbia's Filipino community say they're happy to see support in this week's federal budget to build a centre for their community......»»
DA proposes over P500 billion budget for 2025
The Department of Agriculture (DA) is proposing a P513.81 billion budget next year, more than double its current allocation of P208.58 billion to improve the country’s food security......»»
House of Representatives ratifies bicam report on P3.002-T national budget for 2016
MANILA, Dec. 17 (PNA) — The House of Representatives assured there will be no reenactment of this year’s national budget by ratifying Wednesday night the bicameral conference committee report on House Bill........»»
Low subsidy forces LRTA to cut budget for train rehab
The Light Rail Transit Authority is cutting its budget for the restoration of trains to make the most of the lower subsidy given to the agency this year......»»
Espinoza: No budget for coastal roads?
Espinoza: No budget for coastal roads?.....»»