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Finance chief assures enough funds for COVID-19 vaccines

ABS-CBN News
Posted at Jan 14 01:24 PM

Finance Secretary Carlos Dominguez III said the DOF has “in place” P75 billion of the P82.5 billion budget required to provide vaccines to around 55 percent of the population. Read more »

Exclude land ownership from Cha-cha discussions says Finance chief

ABS-CBN News
Posted at Jan 12 07:01 PM

Land ownership should be left out of discussions on Charter change, Finance Secretary Carlos Dominguez said on Tuesday.  Read more »

Debt, budget deficit levels rising but remain manageable: Finance chief

ABS-CBN News
Posted at Jan 12 06:10 PM

The Philippines’ rising debt and budget deficit levels remain manageable and sustainable, the Department of Finance said on Tuesday.    Read more »

Government may do NAIA rehab itself says Finance chief

Warren de Guzman, ABS-CBN News
Posted at Jan 12 04:02 PM

The government may undertake the rehabilitation of the Ninoy Aquino International Airport itself following failed bids from the private sector, Finance Secretary Carlos Dominguez said on Tuesday.  Read more »

Gov’t says fiscal stimulus enough despite forecasting worst post-war recession

ABS-CBN News
Posted at Dec 03 10:49 PM

The 2021 budget will be enough to revive the economy, government officials said on Thursday despite projecting the worst full-year recession since World War 2. Read more »

Finance chief tells PITC: Return P1.15-B interest earnings to national treasury

Katrina Domingo, ABS-CBN News
Updated as of Nov 30 04:12 PM

Finance Secretary Carlos Dominguez has asked the Department of Trade and Industry (DTI) to return to the Bureau of Treasury some P1.5 billion in interest earnings the Philippine International Trading Corp. (PITC) made through public funds lodged in the state trading company. Read more »

Finance chief orders BIR, Customs to investigate cooperatives used for rice imports

ABS-CBN News
Posted at Nov 27 04:49 PM

Finance Secretary Carlos Dominguez III has ordered the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) to help the Department of Agriculture in investigating the alleged use of cooperatives by private traders as dummies for rice imports.    Read more »

P73.2 billion needed to vaccinate 60 million Filipinos vs COVID-19: Dominguez

Rose Carmelle Lacuata, ABS-CBN News
Updated as of Nov 24 04:37 AM

MANILA (UPDATED)- Finance Secretary Carlos Dominguez III on Monday night said the government needs at least P73 billion to buy COVID-19 vaccines for 60 million Filipinos. Read more »

Climate Change body urged to map out 'clear, concrete' policies for disaster risk reduction

ABS-CBN News
Posted at Nov 19 11:41 AM

Finance Secretary Carlos Dominguez III urged the Climate Change Commission (CCC) to "aggressively advocate" and put in place "concrete policy proposals" for the protection of the environment and mitigate disaster risks. Read more »

Dominguez bats for FIST bill this year as tight lending seen hitting businesses

ABS-CBN News
Posted at Nov 18 07:34 PM

Finance Secretary Carlos Dominguez called on lawmakers to pass a bill this year that will let banks offload bad loans as a study released Wednesday showed tight lending has been affecting businesses amid the COVID-19 crisis. Read more »

Hontiveros eyes incentives for LGUs to help raise funds for local programs

ABS-CBN News
Posted at Nov 16 10:00 PM

MANILA - Senator Risa Hontiveros on Monday said she will propose provisions on the budget of the Department of Finance (DOF) to give incentives to local government units (LGUs) when they borrow from banks and financial lenders to help the national government in financing local projects. Read more »

Despite shrinking economy, Dominguez hopeful PH can recover by managing COVID-19 risks

ABS-CBN News
Updated as of Nov 10 11:48 PM

Finance Secretary Carlos Dominguez III is hopeful the Philippine economy can go back on track.   Read more »

EU commits additional funding worth 150-M euros to PH mostly for Mindanao projects: DOF

ABS-CBN News
Posted at Nov 05 02:22 PM

The DOF said two-thirds of the amount will help finance programs to boost agricultural productivity in Mindanao and provide electricity to its far-flung small island-communities.  Read more »

No to new taxes, sell off state-owned assets to cover revenue shortfall: Dominguez

ABS-CBN News
Updated as of Nov 02 03:43 PM

Dominguez said the government will instead borrow money from commercial sources, even from the Bangko Sentral ng Pilipinas.   Read more »

Finance chief urges policymakers to treat climate crisis with same urgency as COVID-19

ABS-CBN News
Posted at Oct 23 04:53 PM

The Department of Finance said Friday fiscal policymakers worldwide should also act on the climate emergency with the same "urgency" as the COVID-19 pandemic. Read more »

US extends $213 million grant to the Philippines for poverty reduction, good governance

ABS-CBN News
Posted at Oct 12 02:49 PM

The United States has extended a $213 million (P10.8 billion) grant to the Philippines to fund poverty reduction, strengthen good governance and promote private sector-led growth, the Department of Finance said Monday. Read more »

Further lockdowns may bring 'more damage to economy', says Finance chief

Warren de Guzman, ABS-CBN News
Updated as of Oct 07 01:01 PM

Finance Secretary Carlos Dominguez said Wednesday another lockdown to contain the spread of COVID-19 could bring more damage to the economy.  Read more »

Dominguez bats for revival of mining industry to generate jobs

Warren de Guzman, ABS-CBN News
Posted at Oct 07 12:44 PM

Finance Secretary Carlos Dominguez said Wednesday the mining industry in the country must be revived to generate jobs especially in rural areas.   Read more »

Pilipinas kailangang buksan ang ekonomiya sa harap ng pandemya: Dominguez

Arra Perez, ABS-CBN News
Posted at Oct 06 03:10 AM

MAYNILA - Sa harap ng COVID-19 pandemic, maituturing na "good" o mabuti ang financial position ng Pilipinas, ayon kay Finance Sec. Carlos Dominguez nitong Lunes. Read more »

PH 'exceeds' P2.2-T estimated tax revenue this year, says Finance chief

Katrina Domingo, ABS-CBN News
Posted at Sep 23 02:03 PM

Finance Secretary Carlos Dominguez on Wednesday said the Philippines has already exceeded this year's estimated P2.2 trillion tax revenue as early as August. Read more »