Weekly impact of lockdowns in NCR plus

THE NATIONAL Economic and Development Authority (NEDA) is expecting the economy to return to its pre-pandemic level by end of 2022 or early 2023, as quarantine restrictions continued to hamper growth.

National Government Fiscal Performance

THE NATIONAL GOVERNMENT narrowed its budget deficit to P121 billion in July as an uptick in revenues failed to offset muted government spending amid the pandemic, the Bureau of the Treasury (BTr) reported on Tuesday.

IMF’s record-high SDR allocation takes effect; Philippines gets $2.78 billion worth of funds

THE PHILIPPINES will receive $2.8-billion worth of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), as part of the latter’s efforts to help countries recover from the coronavirus pandemic.

Manila ranks low on list of ‘safe cities,’ lags behind regional neighbors

MANILA is again one of the least safe cities in the world after it dropped eight spots in a biennial index released by The Economist Intelligence Unit.

2022 Spending Priorities

THE NATIONAL GOVERNMENT is proposing to allocate P1.18 trillion for infrastructure projects in 2022, as it expects the sector to drive the economic recovery from the coronavirus pandemic.