By Benjamin E. Diokno Secretary of Finance After the highly unprecedented pandemic, followed by Russia’s invasion of Ukraine and a weakening China growth, the global economy is likely to face…
Majority of taxpayers will receive further personal income tax cuts beginning January 1, 2023 pursuant to Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law, which,…
The Bureau of the Treasury (BTr)’s November 2022 cash operations report showed positive results as the National Government (NG) budget deficit decreased to PHP123.9 billion, which is 3.7 percent or…
Finance Secretary Benjamin Diokno stressed the vital role finance ministers play in integrating green solutions into global economic recovery and development. “[M]inistries of Finance across the globe play a vital…
The Department of Finance (DOF) underscored the importance of public access to local government financial data in monitoring and improving the performance of local government units (LGUs). “We acknowledge the…
Finance Secretary Benjamin Diokno reaffirmed the Marcos administration’s commitment to invest in the digital economy as he underscored the valuable role of technology in finance. “Technology has a well-defined role…
President Ferdinand R. Marcos Jr. approved the Philippine Development Plan (PDP) 2023-2028 at the National Economic and Development Authority (NEDA) Board meeting on December 16, 2022. PDP 2023-2028 shall guide…
President Ferdinand R. Marcos Jr. signed into law Republic Act (RA) No. 11936 or the General Appropriations Act (GAA) of 2023 in a ceremony held at the Malacañan Palace on…
President Ferdinand R. Marcos Jr. led a series of meetings with European-based businesses during his three-day working visit to Brussels, Belgium to showcase investment opportunities in the Philippines. Finance Secretary…
President Ferdinand R. Marcos, Jr. highlighted the Philippines’ new role as country coordinator for the dialogue between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) at…
