THE shares of local government units (LGUs) in the national tax allotment (NTA) will equate to about 35 percent in 2026, according to the Department of Finance (DOF).

THE Department of Finance (DOF) announced last Thursday it tapped the unrestricted P107.3-billion excess funds of the Philippine Deposit Insurance Corp. (PDIC) so government could generate additional cash without inflicting new taxes.

THE coming Asia and the Pacific Regional Meeting (APRM) will serve as a platform for citizens to participate and engage in the budget preparation process, the Department of Budget and Management (DBM) said.

FINANCE Secretary Ralph G. Recto believes another 25-basis-point (bps) reduction in the country’s policy rate this week would be beneficial to spur economic investments next year.

Civilian government employees, including public school teachers, will receive P7,000 in medical allowance as early as January next year, according to Budget Secretary Amenah F. Pangandaman.

THE national government racked up P1.759 trillion in domestic and foreign borrowings from January to July 2024 to address the state’s budgetary needs.  

PRESIDENT Ferdinand R. Marcos Jr. has issued two proclamations creating a special economic zone (SEZ) in Mandurriao, Iloilo City and expanding another in Malvar, Batangas to stimulate economic growth.

Power distributor Romblon Electric Cooperative Inc. (Romelco) was granted a 25-year legislative franchise by President Ferdinand R. Marcos Jr. to supply power to three island municipalities in the province of Romblon.

AS the government intensified enforcement operations against the illicit trade of excise-taxed items, the Bureau of Internal Revenue (BIR) has released new guidelines for the disposal of seized goods.

THE national government spent P1.216 trillion to pay its domestic and foreign debts from January to May this year, according to the Bureau of the Treasury (BTr).

STATE gaming firm Philippine Amusement and Gaming Corporation (Pagcor) announced its net income expanded by 121.48 percent to P6.56 billion from January to June this year, from P2.96 billion recorded in the same period in 2023, driven by increased gro...

ISSUES such as procurement that hound public agencies, government financial institutions (GFIs) and state-run corporations, heighten risks of underspending, according to Budget Secretary Amenah F. Pangandaman.

THE Bangko Sentral ng Pilipinas (BSP) is seen to lower interest rates more than previously forecasted and might start cutting rates in the third quarter of 2024, according to research analysts at Nomura International (Hong Kong) Ltd.

DESPITE advanced economies’ sustainable debt trajectory, the rising debt servicing costs, social and defense spending and climate-related greening investments pose risks to fiscal sustainability, according to the Oxford Economics Group Ltd.

AS the Philippines maintained its rank in the International Institute for Management’s (IMD)  World Competitiveness Ranking for 2024, the government banks on the implementation of Executive Order (EO) No. 59 on “Streamlining the Permitting Process for...

THE infrastructure flagship projects (IFPs) permitting process will now only go through 18 issuing agencies, reduced from 30 agencies, approved within 20 working days with all applications processed simultaneously to speed up the country’s infrastruct...

ABOUT P1 billion has been released to earmark the water, sanitation and hygiene (Wash) projects to bring safe and resilient water supply and sanitation services to lagging communities.

The government has released 88.7 percent of the P5.767-trillion national budget for 2024 as of end-May to accelerate the implementation of the state’s programs and projects.

THE Bureau of Customs (BOC) announced it intercepted the shipment of more than 28,000 reams of smuggled cigarettes in Lanao del Norte on Tuesday, May 14.  

THE national government’s disbursements from January to February this year rose by 16.4 percent to P722.5 billion from P620.7 billion recorded in the same period a year ago, according to the Department of Budget and Management (DBM). 

THE national government reported that it spent more in terms of amortization than interest payments, the sum having totaled P158.898 billion in debt payments for January this year, according to the Bureau of the Treasury (BTr).

THE Bureau of Customs (BOC) said on Sunday that it has discovered over P7 billion worth of fake goods in simultaneous raids in Caloocan City and Bocaue, Bulacan.

ASSERTING the Department of Finance’s (DOF) plan to not push for new taxes this year, the government’s top official in formulating sound fiscal policies said revenue collection efficiency must be prioritized.

A new roster of senior officials was appointed by President Ferdinand R. Marcos Jr. in the Department of Finance (DOF) to ensure the country’s long-term fiscal sustainability and accelerate inclusive economic growth.

THE national government successfully raised its full programmed amount from the tender of Treasury bills (T-bills) after the Bureau of the Treasury (BTr) saw favorable rates on Monday. 

THE Department of Finance (DOF) has confirmed the dismissal of an erring personnel of the Bureau of Internal Revenue (BIR) who was tagged in the tampering and altering of the Point of Sales-Cash Register Machine (POS-CRM), read a statement issued by t...

FINANCE Secretary Ralph G. Recto on Monday sought out  potential Australian investors to take advantage of the wide range of trade and investment opportunities in the Philippines.

THE national government successfully raised its full programmed amount from the tender of Treasury bills (T-bills) even with the slight increase in auction yields for the eleventh straight week.

THE national government’s outstanding debt as of end-January this year rose to a new record high of P14.79 trillion, according to the Bureau of the Treasury (BTr).

THE Bureau of Customs (BOC) reported seizing about P1 billion worth of illegally imported vape and ukay-ukay products on Friday, March 1.

THE two-day Intergovernmental Group of Twenty-Four (G-24) Technical Group Meetings (TGMs) discussed strategies to effectively address current economic challenges including climate financing, changes in the global trade regime, domestic resource mobili...

Finance Secretary Ralph G. Recto said on Monday that the government will finalize by next month the third tranche of the loan agreement worth P55.7 billion for the Metro Manila Subway Project.

The Bureau of the Treasury (BTr) again saw mixed results in its tender of Treasury bills (T-bills) partly due to higher bid yields that were rejected in Monday’s auction.

THE Bureau of Internal Revenue (BIR) announced last Monday it won a tax evasion case against those behind the seller of the “Tap Fog” products, with an estimated civil liability of about P1.2 billion.

THE manual processing of requirements for small online sellers and gig workers to be exempted from the 1-percent withholding tax defeats the purpose of the Bureau of Internal Revenue’s (BIR) digitalization efforts, according to a tax expert.