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Duterte directs agencies to revert accounts payable to state coffers

PRESIDENT Rodrigo R. Duterte has issued an executive order directing all national government agencies to revert all accounts payable which “remain outstanding for at least two years and for which no actual claim has been filed” to the national coffers.

Faster spending, consumption to boost economic growth

FASTER state spending, slower inflation and robust overseas remittances are seen to boost economic growth this semester, according to the latest joint assessment by the First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P).

A consumption-driven economy

Consumer spending has traditionally been the driving force behind the growth of the Philippine economy in recent years, with households contributing majority of aggregate...

From the Front Page: Green-light for fuel tax hike, rebuilding Marawi

In a reversal from their initial stance earlier this month, economic managers are set to issue another recommendation to Malacañang next week, this time...

Finance dep’t cites tax reform gains as retail firms report higher...

THE DEPARTMENT of Finance (DoF) touted the effectiveness of lower personal income tax (PIT) rates under the Tax Reform and Acceleration and Inclusion (TRAIN)...

Infrastructure spending, capital outlays top target in first half

Government spending on infrastructure and other capital outlays breached its first-semester target due to roadworks, the Budget department said. Budget Secretary Benjamin E. Diokno presented...

Proposed 2019 national budget

PRESIDENT Rodrigo R. Duterte and his Cabinet approved in a July 9 meeting the proposed P3.757-trillion national budget for 2019 that is designed to...

May sees infra, other capital outlays rise

INFRASTRUCTURE and other capital outlays continued to surge in May, the Department of Budget and Management (DBM) said on Wednesday, backing projections that gross domestic product (GDP) growth caught up with the official target this quarter.

May sees state revenues, spending rise

THE GOVERNMENT saw its fiscal deficit dip last month from the past year, as revenue growth slightly outpaced that of spending, the Bureau of the Treasury (BTr) reported on Monday.

Fiscal deficit shrinks by 2% in May

THE GOVERNMENT posted a P32.9-billion fiscal deficit in May, down 2% from P33.4 billion in the same month last year. Overall government revenues in May...

Infrastructure, other capital outlays surge

STATE SPENDING on infrastructure and other capital outlays nearly doubled in April as the government ramped up construction and improvement of roads and flood control systems and bought more equipment for its schools, the Budget department reported on Wednesday.

Fiscal deficit widens in first four months

THE GOVERNMENT saw its fiscal deficit grow nearly four times as much in the January-April period, but is still lower than what the government...

Spending boost widens fiscal deficit in Feb., first two months

By Elijah Joseph C. Tubayan Reporter A SURGE in spending drove the government’s fiscal position into deficit in February that was more than double the year-ago...

Risks ahead for financial markets in 2018

THE LAST THREE MONTHS of 2017 were, for the most part, a good quarter for local financial markets amid strong economic growth, stock market...

BMI flags rising risks in Philippine infrastructure

THE Philippines’ infrastructure sector faces rising risks from implementation hurdles and political concerns, BMI Research said in a Jan. 24 note. The Fitch Group unit...

Spending challenges flagged amid GDP growth

STANDARD CHARTERED Bank sees “steady” Philippine economic growth in 2018 on the back of an infrastructure development push, even as it expects state spending...

Duterte’s building boom may be expats’ ticket home

PRESIDENT Rodrigo R. Duterte’s plan to supercharge growth with a $180-billion infrastructure program is running into a roadblock: a lot of the people he...

The 2018 National Budget, Infrastructure, and Economic Growth

The government slogan “Build, build, build!” resonates for many, especially those who have some grounding on economic growth theories. In a serious attempt to...

Lazada, Zalora expect record holiday sales in PHL

By Krista A.M. Montealegre, National Correspondent E-COMMERCE portals are poised to rake in record holiday sales this year, as malls pursue their expansion at a time...

Bicameral budget talks start amid differences

BOTH CHAMBERS of Congress yesterday began meeting in a bid to ensure Dec. 19 enactment of next year’s proposed P3.767-trillion national budget, amid major...

DoF confident infra will sustain 7% GDP growth

THE GOVERNMENT is confident the economy will sustain a 7% growth rate over the medium term, the Finance department said. “The 6.5% growth for the...

State outlays for transport, hospitals, schools rise

GOVERNMENT disbursements on infrastructure and other capital outlays grew by nearly a fifth in August from last year, according to data the Department of...

LGU capital spending falls to P18-B in H1

CAPITAL SPENDING by local governments was P18 billion in the first half, down 35%, according to preliminary data from the Bureau of Local Government...

Fiscal gap pierces cap as spending sustains rise

By Elijah Joseph C. Tubayan Reporter THE COUNTRY’s fiscal deficit widened to breach its programmed ceiling in June and last semester, as state spending sustained its...

Infrastructure spending target doubted

AN international think tank doubts that the government plan to sharply raise infrastructure spending is doable, citing the slow rollout of projects and concerns...

Gov’t debt may top P7 trillion in 2018 amid infra push

THE GOVERNMENT’S outstanding debt may breach the P7 trillion mark next year, according to the Treasury bureau. Amid preparations for the Budget Expenditures and Sources...

Easing household spending weighs

A GLOBAL BANK has trimmed its growth forecast for the Philippines as increases in consumer spending and capital formation ease, and as potential long-term...

Infrastructure spending picks up amid concerns

By Elijah Joseph C. Tubayan and Ian Nicolas P. Cigaral, Reporters STATE infrastructure and other capital outlays surged in May, according to the Department of...

DBM hoping for 2018 budget approval by October

By Elijah Joseph C. Tubayan, Reporter THE Department of Budget and Management (DBM) is optimistic budget legislation for 2018 will be passed by October, alongside the...

Government to borrow P889.7 billion next year

By Melissa Luz T. Lopez, Senior Reporter THE GOVERNMENT plans to borrow over a fifth more in 2018 — with bulk of loans to be...

How the world spends its spare cash

This infographic originally appeared in BusinessWorld Weekender, Feb. 4-5 issue.

Philippine government disbursement performance

>> Read the related story: Spending on infra falls short despite Sept., Q3 rise