Finance Secretary Benjamin E. Diokno shared with the American Chamber of Commerce of the Philippines (AmCham) the Marcos Jr. administration’s infrastructure development agenda.
Finance Secretary Benjamin Diokno assured the Fund Managers Association of the Philippines (FMAP) of the government’s support in implementing fiscal policies that help fund managers strengthen market resilience and empower…
In a report released on March 10, 2023, Japan’s leading credit watcher, Japan Credit Rating Agency (JCR) affirmed the Philippines’ investment-grade credit rating of ‘A-’ with a stable outlook amid…
The January 2023 unemployment rate stood at 4.8 percent, lower than the 6.4 percent outturn in January 2022 and the 5.3 percent in January 2020 or pre-pandemic. “The generally steady…
The February 2023 inflation rate slightly eased to 8.6 percent from the 8.7 percent recorded in January, mainly due to the lower contribution of transportation to overall inflation as a…
Finance Secretary Benjamin Diokno restated his firm commitment to complete real property tax administration reforms during the signing of the Memorandum of Agreement (MOA) and Memorandum of Understanding (MOU) with…
The Bureau of the Treasury (BTr)’s full-year 2022 cash operations report showed that the National Government (NG)’s budget deficit narrowed down to 7.3 percent of gross domestic product (GDP) from…
The Department of Finance (DOF), together with the Addis Tax Initiative (ATI), called for stronger inter-agency cooperation to reduce wasteful tax expenditures and boost trust in the tax system for more effective revenue mobilization.
The Development Budget Coordination Committee (DBCC) briefed the House of Representatives’ Committee on Appropriations, chaired by Representative Elizaldy Co, on February 28, 2023 to discuss the impact of high inflation on the country’s macroeconomic and fiscal outlook.
Finance Secretary Benjamin Diokno presented the Maharlika Investment Fund (MIF) as a tool for economic development to the business community during the Asia CEO Forum entitled “Maharlika Wealth Fund: Financing…
