Rappler's latest stories on government spending
Gov't spends big in December, lifting 2019 expenditures above target
The Philippines' 2019 GDP growth is likely to be revised upward, given the higher-than-expected government spending in December
[OPINION] Who should be the next budget secretary?
For the sake of policy continuity, it would be best for the DBM to be led by a technocrat and not a politician
Infrastructure continues to boost gov't spending in August 2018
Bulk of infrastructure and capital outlay disbursement in August goes to public works and military communication equipment
Gov't spending peaks by 34% to P328.1 billion in July 2018
'We maintain our projection that underspending will be eliminated under our watch,' says Budget Secretary Benjamin Diokno
Gov't fiscal deficit narrows to P193 billion mid-2018
Despite lower fiscal deficit, Budget Secretary Benjamin Diokno says that disbursements for the half of the year surpassed programmed expenditure
Infrastructure push to generate P31 trillion – NEDA
The National Economic and Development Authority also says over a million jobs will be generated every year because of the government's Build, Build, Build program
DBM: Gov't spending up by 12% to P292 billion in May 2018
The Department of Budget and Management attributes the increase to completed infrastructure projects and higher government personnel pay
#ThewRap: Things you need to know, May 24, 2018
Hello! Here are the stories you shouldn't miss this Thursday.
Metro Manila Subway leads expected infra buildup in 2018
The subway is expected to break ground in Q3 as one of 6 major rollouts next year while government spending is up 10% to P2.241 trillion through January to October of this year
Road repairs lift infrastructure spending in August
Disbursements for infrastructure and other capital outlays reach P40.1 billion in August, thanks to completed projects of the DPWH and other projects of the DepEd and DOH
World Bank cuts Philippine GDP forecast again
The World Bank's new projections are 6.6% for 2017 and 6.7% for 2018, down from the previous forecasts of 6.8% and 6.9%, respectively
Government infrastructure spending up 25% to P48.4B in July
July s result means government spending on infrastructure and other capital expenditures stands at P297 5 billion so far this year up 11 1
Gov't spending, agriculture lift Philippine GDP in Q2 2017
Spending on infrastructure is a bright spot for the economy in the 2nd quarter of 2017 but in a role reversal it s now the private sector and not the government that is lagging
Gov't spending on infrastructure falls by P9B in April
The Department of Budget and Management says the drop is mainly due to the absence of big ticket expenditures in the military s modernization program which are set for later in the year
Duterte foreign policy, Anti-Distracted Driving Act, Mike Pence | Evening wRap
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Gov't infra push fails to spark economy in Q1
The Duterte administration s Build Build Build program has yet to break ground and lift the economy leaving the private sector to fill the void
Trump to insist on border wall funds as budget deadline looms
Will US President Donald Trump veto the spending bill if the Mexico border wall isn t funded?
Indonesian growth slows in 3rd quarter
The economy expanded 5 02 year on year from July to September slightly below forecasts and slower than a revised 5 19 in the second quarter according to the statistics agency
Bank of Japan delays inflation goal in blow to 'Abenomics'
The bank now expects to hit 2 inflation by March 2019 – 4 years later than its original target
Japan big manufacturers' confidence at multi-year low
Sentiment among big manufacturers drops to its lowest levels since Japanese Prime Minister Shinzo Abe kicked off Abenomics in 2013
Weak Japanese growth puts pressure on Abe
Economists are increasingly writing off Japanese Prime Minister Shinzo Abe s more than 3 year attempt to cement a lasting recovery
Economists upbeat on PH prospects for 2nd half of 2016
The Philippine economy is firing on all cylinders but economists say boosting spending is as critical as ever
Japan approves huge stimulus for sluggish economy
The 273 billion package which includes tens of billions of dollars for infrastructure spending is expected to be approved by parliament in September
Japan PM unveils $266B stimulus plan to boost economy
Prime Minister Shinzo Abe gives few details about the plan except to say about half would be fiscal measures
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
Dominguez: Ceiling on spending could be raised this year
The Duterte administration s economic managers also plan to fast track infrastructure projects
IMF says not recanting on neoliberalism, austerity
Maurice Obstfeld the International Monetary Fund s top economist says an article by 3 other IMF economists was widely misinterpreted
Spend for growth, OECD urges governments
The Organization for Economic Cooperation and Development says there is an urgent need for governments to ramp up spending
IMF economists question faith in neoliberal doctrine
Instead of delivering growth some neoliberal policies have increased inequality says 3 economists from the International Monetary Fund
G7 warns over global economy as currency row flares
G7 finance ministers also oppose Britain s possible exit from the European Union as well as vow to clamp down on terrorist financing
'Brexit' in spotlight at G7 meeting in Japan
The G7 – which also includes the US Japan Germany France Italy and Canada – backs Britain remaining in the EU
Currency wars, fiscal stimulus rift in focus at G7 meeting
Japan believes large scale stimulus spending is the way to spur global growth but Germany and Britain are not keen on the idea
PH imports up 1.2% in February
This growth indicates that amid a global economic slowdown domestic demand especially investments remains strong says Socioeconomic Planning Secretary Emmanuel Esguerra
IMF ups call for action against global economic slide
The International Monetary Fund urges leaders to expand fiscal stimulus and structural reforms
Improving efficiency in infra key to PH growth – economist
An IMF economist says the Philippines could see significant growth if it ensures better public investment efficiency
Moody's: PH growth in 2016 likely better than peers
The Philippines has shown strong growth compared to export oriented Asian economies says Moody s
Foreign direct investments seen to hit $6.3B in 2016
BSP also sees FDI inflows rising to 6B this year on the back of the country s sustained economic growth
ING Bank forecasts 6% PH GDP growth in Q3
The Manila office of the Dutch financial institution says the growth accelerates on the back of increased government spending for the first 8 months of 2015
World Bank again cuts PH growth forecast for 2015
The latest projection of 5 8 this year takes into account risks from the slow global economic recovery rising interest rates China’s slowdown and El Niño
Credit Suisse trims PH growth forecast
The bank revises the country’s gross domestic product growth forecast to 6 1 instead of 6 4 this year but maintains 2016’s projection at 6 4
PH economy still a bright spot in Asia - ADB
Asian Development Bank’s latest report shows that the country’s growth prospects are the opposite of the rest of Asia which faces its slowest growth since the turn of the millennium
Catch-up measures rev up infra spending in July
The infrastructure spending and capital outlay for July alone surge to 92 9
Why can't government spend more?
The solution to the problem of corruption carried the seed of the next problem: the zeal for good governance complicated the work of government unnecessarily
ADB maintains growth forecast for PH
The Asian Development Bank retains its growth assumptions for the country at 6 4 in 2015 and 6 3 in 2016
Business leaders bare suggestions to build on PH gains
Leaders from the power finance and real estate industries chart their growth and suggest further reforms in 2016 and beyond
What happened to the Philippine economy in 2014?
There is reason to expect sustained growth in 2015 with election spending starting even in 2015 as 2016 involves the presidency
DTI: Public spending to put PH back on ‘high growth path’
Economists however do not share Trade Secretary Gregory Domingo’s optimism of over 7 growth for 2015 as they lower expectations for the country’s growth
Economists lower expectations for 2014 Philippine economic growth
With only a 3rd quarter economic growth of 5 3 experts say that ‘normalized’ government spending private consumption and investments will help the country stay on its growth track
Philippine economy slows down to 5.3% in Q3
UPDATED Agriculture sector growth contracts to 2 7 in the third quarter the lowest in 5 years Government underspending also stunts the economy s growth
Gov't to tag climate change expenditures in the PH budget
National government agencies tag climate change expenditures in the proposed 2015 projects in order to promote transparency and accountability
