DBCC - updates

Rappler's latest stories on DBCC


PH economy to contract by up to 3.4%, higher debt seen in 2020

May 13, 2020 - 11:55 AM

Weak growth and higher spending due to the coronavirus crisis are expected to bloat the Philippines' budget deficit for 2020

Duterte's economic team proposes P4.64-trillion budget for 2021

Dec 11, 2019 - 7:00 PM

Universal health care, anti-poverty measures, climate change, and the peace process are among the government's priorities for 2021

Global slowdown spoils Duterte's 8% GDP growth dream

Dec 11, 2019 - 6:05 PM

President Rodrigo Duterte's economic team lowers the Philippines' growth target to the 6.5% to 7.5% range for 2020 to 2022

Philippines to borrow more from foreign lenders

Apr 25, 2018 - 8:15 AM

Budget Secretary Benjamin Diokno says the government decided to hike the share of foreign borrowings to 25% of the total financing program for the next 5 years, from the initial 20%

Duterte vetoes parts of tax reform law

Dec 22, 2017 - 7:12 PM

The vetoes will help the first package of tax reforms expected to reach the target P90 billion in revenue in 2018, according to the Department of Finance

President Rodrigo Roa Duterte shares a light moment with Finance Secretary Carlos Dominguez III during the cabinet cluster meeting in Malacañan Palace on November 6, 2017. ACE MORANDANTE/PRESIDENTIAL PHOTO

Credit Suisse upgrades Philippine GDP 2017 outlook on Q2 results

Aug 21, 2017 - 6:10 PM

The global financial services giant now expects the Philippines gross domestic product to grow faster at 6 1 instead of 6 this year

STRONGER. The upgrade is a result of a better-than-expected 2nd quarter 2017 results. Rappler file photo

Extrajudicial killings, tax reform, Prince | 12PM wRap

Aug 23, 2016 - 12:39 PM

Watch the 12PM wRap with Paterno Esmaquel

Pay hike for cops, soldiers included in 2017 proposed nat'l budget

Aug 22, 2016 - 8:56 PM

This is in relation to President Rodrigo Duterte s campaign promise to double the salaries of soldiers and policemen in 3 years

PARTIAL FULFILLMENT. The wage hike proposal is in partial fulfillment of his campaign promise to double the salaries of policemen and soldiers in 3 years. Photo by Pia Ranada/Rappler

Gov't tax reform to cost P173.8B in lost revenue

Aug 22, 2016 - 8:49 PM

To offset the loss the government is planning a series of measures such as eliminating some VAT exemptions and fiscal incentives

SPENDING BREAKDOWN. (from left) Socioeconomic Planning Secretary Ernesto Pernia, Budget secretary Benjamin Diokno and Finance Secretary Carlos Dominguez III detail the particulars of the 2017 budget to members of congress at the House of Representatives on August 22. Photo by Chrisee dela Paz/Rappler

Balanced budget 'impractical' for the PH until 2022 – Diokno

Aug 22, 2016 - 7:10 PM

Philippine economic managers flesh out the proposed P3 3 trillion national budget for 2017 – an amount seen to help free the country from high socioeconomic inequality

NOT FOR NOW. One thing is certain for the Philippine economy in the coming years: deficits are not going away, the economic team of President Rodrigo Duterte tells the House committee. Photos by Chrisee Dela Paz/Rappler

DPWH starts 24/7 construction for key infra projects

Aug 11, 2016 - 6:35 PM

This move is seen to help address the horrendous metro traffic that has dragged down productivity

DAY AND NIGHT. Department of Public Works and Highways (DPWH) inspecting the 24/7 construction of an infrastructure project along Quezon Avenue. Photo from DPWH

Gov’t deficit rises to P120.3B in H1 2016

Jul 27, 2016 - 6:57 PM

For the first 6 months of the year government spending totaled P1 22 trillion 14 higher than last year s P1 07 trillion

PH cuts GDP growth target for 2016, 2017

Jul 05, 2016 - 3:05 PM

3rd UPDATE The country s GDP growth target for 2016 has been reduced to 6 7 and for 2017 to 6 5 7 5

TRIMMED TARGETS. The Philippines expects lower economic growth this year and in 2017. In the photo are (L-R) NEDA's Pernia, DBM's Diokno, DOF's Dominguez, and BSP's Guinigundo, forming President Rodrigo Duterte's economic team. Photo by Chrisee Dela Paz/Rappler

Dominguez: Ceiling on spending could be raised this year

Jul 04, 2016 - 8:25 PM

The Duterte administration s economic managers also plan to fast track infrastructure projects

Moderate inflation in Jan-Feb over port relief, stable peso

Mar 05, 2015 - 4:33 PM

Despite the slight uptick February’s inflation of 2 5 is still within the target for 2015 the country’s economic chief says

Inflation lowest at 3.7% in November

Dec 05, 2014 - 3:02 PM

UPDATED The advent of the Christmas season plus the damage anticipated from RubyPH however could raise food prices

Despite rising food prices, inflation target remains

Feb 24, 2012 - 7:15 PM

Despite rising food prices the inflation target for 2012 to 2014 will stay at 3 to 5