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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.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

Camp John Hay to unleash full potenial – Go

The recent decision of the Supreme Court (SC) resolving the legal dispute between the Bases Conversion and Development Authority (BCDA) and its lessee CJH Development Corp. (CJHDevCo) is expected to enable the development of the John Hay Special Economic Zone (SEZ) in Baguio City to its full potential, according to Special Assistant to the President for Investment and Economic Affairs Frederick Go......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2024

Announcing the new sub-$500 modular laptop with no RAM, storage or OS

The Daily Guardian: Framework Introduces Affordable Barebones Laptops In a bid to revolutionize the laptop industry, Framework has launched a new line of modular and.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 24th, 2024

New York police seek 3 men for deadly shooting after subway brawl

Police release security camera images of two of the three suspects, whom they describe as men in their 20s wearing ski masks who fled the scene on foot.....»»

Category: newsSource:  rapplerRelated NewsFeb 14th, 2024

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......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2024

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......»»

Category: newsSource:  manilanewsRelated NewsApr 21st, 2024

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.....»»

Category: sportsSource:  abscbnRelated NewsApr 1st, 2024

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......»»

Category: newsSource:  sunstarRelated NewsMar 4th, 2024

China maintains defence budget growth despite economic travails

Hong Kong, March 12 (ANI): At the 14th National People's Congress, China announced its defence budget for 2024 and interestingly maintained the growth rate of its military expenditure at precisely the same percentage as last year, as Chairman Xi Jinping continues to prioritize the People's Liberation Army (PLA) at the expense of other sectors of government funding. Indeed, according to figures released on the opening day.....»»

Category: newsSource:  manilanewsRelated NewsMar 12th, 2024

Metro Manila Subway project now 40% complete, says DOTr

The Philippines' first-ever underground mass transport system is almost halfway through completion after it recorded an overall project implementation progress rate at 40% as of January 2024......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

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......»»

Category: newsSource:  thedailyguardianRelated NewsApr 6th, 2024

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......»»

Category: newsSource:  thedailyguardianRelated NewsApr 6th, 2024

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......»»

Category: newsSource:  thedailyguardianRelated NewsApr 6th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Marcos approves release of P9.7 billion unprogrammed funds for DPWH projects

President Marcos has approved the release of P9.7 billion from the unprogrammed funds for public works and road repair whose original budget was slashed and included in the P60 billion in last-minute insertions in the 2024 national budget by some members of the House of Representatives......»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2024

Suspect in Metro stabbing in Studio City arrested in previous attacks NBC Los Angeles

The man arrested for fatally stabbing a woman on a Metro Red Line subway train in Studio City as she was on her way home from work early Monday was previously convicted of assaulting passengers on LAs public transit system, according to court records and law enforcement sources......»»

Category: newsSource:  manilanewsRelated NewsApr 27th, 2024

Government budget back to deficit in February

The government reverted back to a budget deficit in February after a quick surplus at the start of the year, but a narrower gap can still be expected as the tax season draws near......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

‘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......»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024