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Higher govt revenues seen in 2022

ABS-CBN News
Posted at Dec 05 03:32 PM

Higher government revenues were attributed to improved tax collection and digitalization efforts of collection agencies, the DBCC said in a statement Read more »

Alan Cayetano uncovers 'expanded parked funds' modus in 2023 budget

Sherrie Ann Torres, ABS-CBN News
Posted at Sep 14 08:47 PM

Senate Finance committee chairman Sonny Angara assured the public that the chamber will scrutinize the proposed budget for each agency. Read more »

Does the weak peso really benefit OFWs' families?

Wena Cos, ABS-CBN News
Posted at Jul 08 09:26 PM

'Ang pinakamahalaga sa aming OFWs ay bumaba ang presyo ng bilihin sa Pilipinas, kasi 'yan ang magbibigay ng mas malaking value sa kinikita namin sa ibang bansa.' Read more »

Govt ready to continue subsidy if oil prices remain high

Wena Cos, ABS-CBN News
Posted at Jul 08 09:17 PM

The Department of Budget and Maagement said it has not received any request to continue funding for the program from the Department of Transportation. Read more »

DBCC further narrows 2022 PH economic growth target

ABS-CBN News
Posted at Jul 08 08:51 PM

Philippine economic managers on Friday said they remain optimistic on growth despite further narrowing the target for 2022. Read more »

DBCC narrows 2022 growth forecast, sees higher inflation

ABS-CBN News
Updated as of May 24 08:48 PM

The Philippine economy is seen growing between 7 to 8 percent in 2022, which is narrower than the earlier 7 to 9 percent growth forecast. Read more »

BIR collections in first quarter fall short of DBCC target: Finance Dept

ABS-CBN News
Posted at May 23 11:14 AM

BIR collections for the first quarter of 2022 fell short of target as business utilize their input VAT credits on purchases under the TRAIN Law. Read more »

Govt to give fuel subsidies to transport, agri sectors

ABS-CBN News
Posted at Feb 24 10:12 PM

Philippine economic managers on Thursday said the government is ready to provide fuel subsidies to the transport and agriculture sectors as world oil prices spike. Read more »

PH economy grows 5.6 percent in 2021, beats forecasts

ABS-CBN News
Updated as of Jan 27 07:40 PM

Philippine GDP grew faster than expected 5.6 percent in 2021 as looser COVID-19 restrictions pushed recovery, with growth at 7.7 percent in the fourth quarter. Read more »

Shift to Alert Level 3 to cost P3 billion in weekly losses: DBCC

ABS-CBN News
Posted at Jan 07 05:26 PM

The shift to Alert Level 3 from Alert Level 2 in Metro Manila, Bulacan, Cavite, Laguna, and Rizal will result in a gross value added (GVA) losses of P3 billion a week, the Development Budget Coordination Committee said Friday. Read more »

PH keeps inflation target range of 2 to 4 percent

ABS-CBN News
Posted at Dec 14 08:52 PM

The BSP said Philippine economic managers decided to maintain the inflation target range for 2022 up to 2024 after consulting with the central bank. Read more »

Philippines raises 2021 growth forecast to 5 to 5.5 pct

ABS-CBN News
Updated as of Dec 14 09:02 PM

Philippine economic managers now expect the country to grow 5 to 5.5 percent, up from an earlier forecast of 4 to 5 percent, after a strong third quarter expansion. Read more »

Road to economic recovery 'remains bumpy,' says BSP

ABS-CBN News
Posted at Aug 19 09:39 AM

Although on its way to bounce back, the path to economic recovery remains "bumpy," the Bangko Sentral ng Pilipinas said late Wednesday. Read more »

PH growth target lowered to 4-5 pct amid Delta lockdowns

ABS-CBN News
Posted at Aug 18 06:21 PM

Philippine economic managers have again lowered the growth target for 2021 due to the effects of the pandemic. Read more »

Inflation eases in Q2, to remain within target despite rising oil: BSP

ABS-CBN News
Posted at Jul 22 07:28 PM

Average headline inflation eased in the second quarter, and inflation is expected to remain within the government’s target range despite rising prices of crude oil, the Bangko Sentral ng Pilipinas said on Thursday.  Read more »

2022 budget ceiling pegged at over P5 trillion by PH economic managers

ABS-CBN News
Posted at Jul 19 07:45 PM

Philippine economic managers are eyeing a budget of P5.024 trillion next year, higher by 11.5 percent than the budget this year.  Read more »

PH Economic managers sticking to 6 to 7 pct growth target for the year

ABS-CBN News
Posted at Jul 19 06:55 PM

The Development Budget and Coordination Committee (DBCC) on Monday said it “reaffirmed the Gross Domestic Product (GDP) growth target of 6 to 7 percent in 2021." Read more »

DBCC lowers 2021 growth forecast amid virus surge, lockdowns

ABS-CBN News
Posted at May 18 05:29 PM

The Development Budget Coordination Committee on Tuesday said it has lowered its growth forecast for the economy to 6 to 7 percent, from an earlier projection of 6.5 to 7.5 percent.   Read more »

Economy seen held back by ‘excessive risk aversion' as PH posts worst contraction

ABS-CBN News
Posted at Jan 28 05:31 PM

After the Philippine economy posted its worst post-war contraction, economic managers on Thursday said the economy had been weighed down by lockdowns and that “prolonging the status quo of community quarantine and risk aversion is not an option.” Read more »

Dissecting Data: Looking back at the Philippine economy in 2020

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Dec 29 06:35 PM

2020 was a record year, a year like no other, for all the wrong reasons.  Read more »