Rappler's latest stories on Development Budget Coordination Committee
PH economy to contract by up to 3.4%, higher debt seen in 2020
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
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
President Rodrigo Duterte's economic team lowers the Philippines' growth target to the 6.5% to 7.5% range for 2020 to 2022
Duterte's economic team sees stable inflation until his term ends
Economic managers project inflation to settle between 2.7% and 3.5% in 2019, far from the rates experienced last year
Inflation up, GDP down: Economic managers revise PH outlook
Finance Secretary Carlos Dominguez III says they revised the economic outlook to reflect the 'very different world' we are living in now
Gov't now expects 2018 inflation to reach as high as 4.5%
The government previously pegged inflation at just within 2% to 4%, but prices keep rising. Meanwhile, the deficit forecast is also raised to 'sustain the momentum of the Build, Build, Build program.'
Philippines to borrow more from foreign lenders
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
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
Credit Suisse upgrades Philippine GDP 2017 outlook on Q2 results
The global financial services giant now expects the Philippines gross domestic product to grow faster at 6 1 instead of 6 this year
Extrajudicial killings, tax reform, Prince | 12PM wRap
Watch the 12PM wRap with Paterno Esmaquel
Pay hike for cops, soldiers included in 2017 proposed nat'l budget
This is in relation to President Rodrigo Duterte s campaign promise to double the salaries of soldiers and policemen in 3 years
Gov't tax reform to cost P173.8B in lost revenue
To offset the loss the government is planning a series of measures such as eliminating some VAT exemptions and fiscal incentives
Balanced budget 'impractical' for the PH until 2022 – Diokno
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
DPWH starts 24/7 construction for key infra projects
This move is seen to help address the horrendous metro traffic that has dragged down productivity
Gov’t deficit rises to P120.3B in H1 2016
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
3rd UPDATE The country s GDP growth target for 2016 has been reduced to 6 7 and for 2017 to 6 5 7 5
Dominguez: Ceiling on spending could be raised this year
The Duterte administration s economic managers also plan to fast track infrastructure projects
PH 2015 inflation settles at 1.4%
While expected it is still below the government s 2015 target of 2 4 but upward price movements push December inflation to 1 5
PH economic growth picking up despite slip in exports – Moody's
Merchandise exports – which contribute 30 40 to GDP – however decline by 4 7 in the first semester the Philippine Statistics Authority says
Lower food prices pull down March inflation
UPDATED Cheaper prices of food staples resulted in 2 4 headline inflation in March well within the government’s target
Customs losses to reach P40B due to cheaper oil – Sevilla
Yet based on Rappler s computations the BOC s losses in 2014 are already at P44 12 billion even without the December 2014 figures
Inflation lowest at 3.7% in November
UPDATED The advent of the Christmas season plus the damage anticipated from RubyPH however could raise food prices
‘PH growth to slow down after Aquino’s term’
Growth is expected at 7 8 in 2017 according to DBCC projections
'No more cash' left of Malampaya fund
UPDATED But National Treasurer Rosalia de Leon gives assurances that the P137B – or the amount supposed to be remaining – is still available for appropriation
PH keeps 2013, 2014 growth targets
One of the world s fastest growing economies is keeping its growth targets at 6 to 7 this 2013 and 6 5 to 7 5 in 2014 opting to be more conservative as global uncertainties linger
Despite rising food prices, inflation target remains
Despite rising food prices the inflation target for 2012 to 2014 will stay at 3 to 5
