Philippine budget - updates

Rappler's latest stories on Philippine budget


[ANALYSIS] How the budget deficit exploded under Duterte’s watch

Mar 05, 2020 - 1:16 PM

Allowing the deficit to blow up to 6.8% last quarter does not reflect well on fiscal managers and suggests fiscal irresponsibility and mismanagement

'Last chance': Andaya presses Senate to sign 2019 budget

Mar 16, 2019 - 2:35 PM

House appropriations chairperson Rolando Andaya Jr says both chambers only have until May to 'complete' their task on the 2019 budget

BUDGET ISSUES. House committee on appropriations chairperson Rolando Andaya Jr gestures during his press conference on March 11, 2019. Photo by Mara Cepeda/Rappler

Nazareno 2019 begins | Midday wRap

Jan 09, 2019 - 1:26 PM

Watch the midday wRap with Bea Cupin

Gov't now expects 2018 inflation to reach as high as 4.5%

Jul 02, 2018 - 5:55 PM

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.'

Samsung releases budget J6 for P13,990

Jun 19, 2018 - 5:52 PM

The J6 comes with a 5.6-inch HD display, a 1.6GHz octa-core processor, and Dolby Atmos sound technology

BLACK AND GOLD. The budget J6 will come in these two colors. Photo from Samsung

Gov't officials urge passage of budget reform bill

Feb 13, 2018 - 5:18 PM

The budget reform bill also seeks to streamline the financial transactions across government agencies under an integrated information system

SURVEY. Panel discussion with DBM Secretary Benjamin Diokno, COA Chairperson Michael Aguinaldo, House committee on Appropriations chairperson Karlo Nograles, and DLSU Jesse M Robredo Institution of Governance Director Francisco Magno on the 2017 Open Budget Survey happened on February 13, 2018. Photo by Aika Rey/Rappler

Why did PNP buy bomb-sniffing dogs instead of body cameras?

Feb 01, 2018 - 7:05 PM

Body cameras seem to be the more logical purchase, so why did the PNP opt to get dogs instead?

PUPS PRIORITIZED. The PNP presents newly acquired K-9 dogs in Camp Bagong Diwa, Taguig City. Photo by Rambo Talabong/Rappler

PH ranks first in Asia for budget transparency

Jan 31, 2018 - 12:28 PM

(UPDATED) The Philippine government provides adequate and timely information on the national budget, the 2017 Open Budget Survey shows

VIRAL: AirAsia tagged as 'worst' airline over baggage, PWD assistance fees

Dec 31, 2017 - 5:33 PM

Cavite Governor Jesus Crispin Remulla slams AirAsia for being the 'lousiest airline in the world'

Duterte vetoes 'riders' that 'circumvent Constitution' in 2018 budget

Dec 27, 2017 - 4:23 PM

Grants for monitoring expenses at the MTRCB, as well the ERC's use of income to augment operational expenses, are vetoed

2018 BUDGET. President Rodrigo Duterte signs the 2018 budget into law. He is flanked by members of the Philippine Congress. Photo by Albert Alcain/Presidential Photo

'Duterte spent confidential, intel funds better' – Diokno

Dec 20, 2017 - 3:14 PM

(UPDATED) 'I think in terms of effectiveness, Duterte is more effective than the past administrations [in using the funds],' Budget Secretary Benjamin Diokno says, even as opposition lawmakers decry getting a zero budget

BRIEFING. Budget Secretary Benjamin Diokno held a briefing on the 2018 national budget on December 20, 2017. Photo by Aika Rey/Rappler

#ThewRap: Things you need to know, July 3, 2017

Jul 03, 2017 - 9:36 AM

Hello Here are the stories you shouldn t miss this Monday

Duterte signs P3.35-trillion 2017 budget into law

Dec 22, 2016 - 2:19 PM

UPDATED This is the first budget to be enacted under the Duterte administration and the highest allocation by any administration so far

President Rodrigo Roa Duterte presides over the board meeting with the National Economic Development Authority (NEDA) at the State Dining Hall inside the Malacañan Palace on November 14, 2016. SIMEON CELI JR/Presidential Photo

House approves P3.35 trillion 2017 budget

Oct 19, 2016 - 6:14 PM

The Lower House restores the budget cuts made against state colleges and universities as well government hospitals

APPROVED. The House of Representatives approves the proposed budget for 2017 on October 19. Photo by Mara Cepeda/Rappler

2017 budget: House passes proposed P3.35T on 2nd reading

Oct 05, 2016 - 7:48 PM

Minority Leader Danilo Suarez is concerned how the proposed budget would be spent by the Duterte administration which is so focused on the war on drugs

PASSED ON 2ND READING. Lawmakers work for 9 hours to finish the plenary deliberations on the proposed 2017 budget on October 5. Photo by Mara Cepeda/Rappler

Proposed P3.35-trillion 2017 budget reaches House plenary

Sep 26, 2016 - 1:45 PM

The House of Representatives will hold plenary deliberations until October 7

BUDGET DEBATE. The House of Representatives holds the first plenary deliberation on the proposed 2017 budget on September 26. Photo by Mara Cepeda/Rappler

What's in the proposed 2017 national budget?

Sep 17, 2016 - 10:00 AM

Among agencies, the Office of the President, along with the education and public works departments are the top gainers

House to ensure timely passage of 2017 budget – Nograles

Aug 07, 2016 - 11:38 AM

The Department of Budget and Management proposes a P3 35 trillion national budget for next year

PROMPT BUDGET. The House of Representatives will ensure the timely passage of the 2017 budget, says Appropriations Committee Chairman Karlo Nograles. Plenary hall photo by Mara Cepeda/Rappler

Change in the Philippine national budget?

Jul 27, 2016 - 4:24 PM

President Rodrigo Duterte is set to submit his first proposed national budget to Congress in mid August Will it be truly ‘pork free’?

Higher budget, free tuition in state colleges: Easier said than done

Apr 22, 2016 - 9:00 AM

What can the presidential candidates do for higher education especially in the context of the ASEAN integration and the full implementation of the K to 12?

PROMISES. A promise common among presidential candidates is the increase of the education budget, especially for state universities and colleges. File photo by Mark Demayo

Aquino signs P3.002-trillion national budget for 2016

Dec 22, 2015 - 10:43 AM

This is the 6th and last budget passed under the Aquino administration


DBM: Lacson’s DAP, lump sum claims ‘inaccurate’

Jul 14, 2015 - 6:38 PM

This comes after former Senator Panfilo Lacson alleges that lump sums amounting to at least P424 billion are still present in the 2015 budget

5 steps to financial fitness

Mar 27, 2015 - 10:18 AM

What should you do to be financially prepared for any contingency?

Gov’t underspending narrows deficit to 0.6% of GDP in 2014

Mar 13, 2015 - 10:44 AM

To address underspending in 2014 the government says it will increase infrastructure investments by 4 of GDP in 2015

Cebu Pacific pays P52.11M fine

Jan 29, 2015 - 8:09 PM

The fine is deposited directly by the Civil Aeronautics Board in the national treasury account with nothing to compensate affected passengers

CAB to Cebu Pacific passengers: Seek compensation

Jan 26, 2015 - 10:56 AM

The Civil Aeronautics Board admits it has no power to compel the budget airline to reimburse the affected passengers

HOLIDAY FLIGHTS. Filipino informal settlers work next to a Christmas tree at a government housing project as a Cebu Pacific Air aircraft flies overhead in Paranaque city, south of Manila, Philippines, on December 3, 2014.  Photo by Francis Malasig / EPA

Cebu Pacific chief on holiday mess: 'I'm profoundly sorry'

Jan 21, 2015 - 11:39 AM

3rd UPDATE A House resolution is being crafted to direct erring airlines to compensate affected passengers on top of the fine going to national coffers

‘I AM SORRY.’ Cebu Pacific chief executive Lance Gokongwei reiterates the budget carrier’s apology to passengers inconvenienced during the holidays at a congressional hearing on January 21, 2015. File photo by Noel Celis/AFP

Gov’t posts P6.8-billion fiscal surplus in November

Dec 29, 2014 - 7:25 PM

This is the 4th time this year the government posts a surplus – a bad indicator for the economy dragged down by underspending

Vatican 'ills,' North Korea cyberattack, PH 2015 budget | The wRap

Dec 23, 2014 - 8:09 PM

Pope Francis says the Church suffers from a lust for power A cyberattack brings down North Korea’s internet President Aquino signs the 2015 budget

Gov’t deficit falls 86% for Jan-Oct

Dec 02, 2014 - 6:27 PM

Lower than target spending in the first 10 months of 2014 pulls down the national government’s budget deficit

Recto wants post-budget document that tracks implementation

Nov 18, 2014 - 8:52 PM

Senate Pro Tempore Ralph Recto says agencies should be required to report the execution of previously funded projects using the same line item format of the General Appropriations Act

BUDGET DOCUMENTS. Consisting of nine documents, budget documents measure almost one-foot thick and weigh around 11 kilos. Photo by Angela Casauay/

Government keeps deficit at P31B for Jan-Sept

Oct 30, 2014 - 10:55 AM

The government receives flak for spending below program despite the need to accelerate expenditures for the reconstruction and rehabilitation in typhoon affected areas

Tap cash transfer to feed more public school kids – Recto

Oct 29, 2014 - 6:30 AM

Senate Pro Tempore Ralph Recto questions why the DSWD s conditional cash transfer program is increasing overhead costs and not for its feeding program

EASING HUNGER. Filipino children eat their meals during a feeding program initiated by a child advocates group to fight malnutrion and hunger (27 March 2009). Photo by Dennis Sabangan/EPA

Philippines posts P30-B budget surplus in August

Sep 25, 2014 - 5:14 PM

The surplus in August is 36 higher than the P22 billion surplus registered in the same period in 2013 Netting out interest payments government spending only grew by 4 year on year

Gov’t fiscal deficit narrows to P1.8-B in July

Aug 29, 2014 - 1:19 PM

The government s July deficit is down 97 from the same period in 2013 attributed to ramped up collection efforts by revenue generating agencies

Gov’t records P62.5-B budget deficit in June

Jul 28, 2014 - 2:50 PM

Increased government spending resulted in the deficit

6-FOLD HIGHER. The P62.5-billion budget deficit in June is 6-fold higher from the P8.5-billion recorded in June 2013. File photo by Agence France-Presse

Gov’t wipes out deficit end-May

Jun 26, 2014 - 12:30 PM

The government books a surplus for the first 5 months of 2014 as revenue collections grow by double digits

Photo by AFP

PH imports forecasts raised, exchange rate adjusted

Jun 21, 2014 - 2:03 PM

Despite revisions the growth target for 2014 is still attainable the NEDA chief says

ADJUSTED. Pressure from imports prompted adjustment to the exchange rate from P41 to 44 to P42 to 45 for the year until 2016. File photo by AFP

PH posts P81-B budget surplus in April

Jun 04, 2014 - 3:15 PM

This helped narrow down the deficit in January April to P3 3 billion versus P29 7 billion a year ago

Photo by AFP

Q1 deficit 'well within' target

Apr 30, 2014 - 4:51 PM

This as government revenues and spending fall below targets

Photo by AFP

Gov't reduces deficit to P9.7B in Feb

Apr 14, 2014 - 3:39 PM

The deficit was lower as government revenues grew faster than expenditures

Photo by AFP

Jan-Oct deficit falls nearly 3% to P112.5B

Dec 05, 2013 - 2:32 PM

The amount is well within government projections says the Treasury

DEFICIT. The Philippines budget gap continues to be well within government ceiling. AFP Photo

Senate increases Haiyan rehab fund to P15B

Nov 14, 2013 - 11:04 AM

The Senate increases the proposed rehabilitation fund for Yolanda in the 2014 budget to P15 billion

9-month deficit below gov't program

Oct 30, 2013 - 3:18 PM

The government incurs a deficit of P101B in Jan Sept below program as it misses revenue and spending targets

DEFICIT. The Philippines budget gap continues to be below government ceiling. AFP Photo

First-half deficit of P51-B below program

Jul 25, 2013 - 2:42 PM

The deficit fell below ceiling as the government missed its revenue and expenditure targets

DEFICIT. The Philippines budget gap continues to be below government ceiling. AFP Photo

Jan-May deficit at P43-B, below ceiling

Jun 27, 2013 - 11:33 AM

Purisima says the deficit continues to be well within government ceiling despite the healthy pace of expenditures

DEFICIT. The Philippines budget gap continues to be below government ceiling. AFP Photo

Yao group gets $16-M from AirAsia-Zest Air deal

May 24, 2013 - 3:36 PM

Drinks turned airline businessman Alfredo Yao receives 16 million and a 13 stake in AirAsia Philippines

PARTNERS. The Philippine unit of Malaysia's AirAsia signs a share swap deal with the Yao family for a stake in Zest Air

2012 deficit likely between 2% to 2.3% - budget chief

Feb 05, 2013 - 12:22 PM

The government s deficit likely hit 2 to 2 3 of GDP in 2012 says the DBM

DBM allots P8-B funds for disaster preps

Jan 08, 2013 - 4:39 PM

The funds will go to big ticket flood control and irrigation projects

11-mo budget deficit of P127-B only 46% of 2012 goal

Dec 27, 2012 - 12:16 PM

Budget deficit from the January to November period reaches only P127 3 billion less than half of the full year program of P279 106 billion