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Duterte may sign 2020 budget in first week of January: spokesman

Arianne Merez, ABS-CBN News
Posted at Dec 26 03:17 PM

Duterte is still studying the budget proposal, said Presidential Spokesperson Salvador Panelo. It will mark the second straight time that the national budget was not signed before the start of the year it was earmarked for. Read more »

Senate, House ratify 2020 national budget, up for Duterte signature

ABS-CBN News
Updated as of Dec 11 10:38 PM

A bicameral conference approved the budget proposal earlier on Wednesday. Sen. Panfilo Lacson skipped the signing of the bicameral report on Wednesday due to alleged "last minute insertions." Read more »

Economic growth momentum rests on budget passage: analyst

ABS-CBN News
Updated as of Nov 11 12:52 PM

Gross domestic product grew 6.2 percent in the third quarter, on the back of a recovery in government spending that was weight down by the delayed approval of the 2019 budget. Read more »

Philippines to reclaim growth momentum with spending 'catch-up': finance chief

ABS-CBN News
Posted at May 24 01:25 PM

The "carefully crafted and bold" program aims to keep full year growth above 6 percent, said Dominguez, the head of President Rodrigo Duterte's economic team. Read more »

Vetoed budget items not in priority list: Finance chief

ABS-CBN News
Updated as of Apr 16 02:27 PM

President Rodrigo Duterte vetoed P95 billion in items from the 2019 budget because they are not included in his administration’s programmed priorities, the head of his economic team said Tuesday. Read more »

Budget surplus widens in Jan as reenacted spending plan kicks in

ABS-CBN News
Updated as of Mar 18 03:29 PM

The surplus reached P44.5 billion in January, up 337 percent from the comparable period in 2018, according to the Bureau of Treasury. Read more »

Philippines meets 2018 spending goal, ends 12 years of underspending: Diokno

ABS-CBN News
Posted at Mar 06 09:31 AM

Actual disbursements in 2018 totaled P3.4 trillion, higher than the programmed P3.37 trillion, said Diokno, who was recently appointed Bangko Sentral ng Pilipinas governor. Read more »

Sotto seeks reenacted 2019 budget, House presses bicam hearings

ABS-CBN News
Updated as of Jan 30 03:16 PM

Sotto said he would suggest to Sen. Loren Legarda, the chairperson of the Senate finance committee, to "go for a reenacted budget." Funding for the May elections is in the 2018 budget, he said. Read more »

Ombudsman neither confirms nor denies Andaya’s claim of Diokno probe

Adrian Ayalin, ABS-CBN News
Posted at Jan 09 04:35 PM

MANILA - Ombudsman Samuel Martires on Wednesday refused to confirm nor deny a supposedly ongoing investigation involving Budget Secretary Benjamin Diokno, as revealed by House Majority Leader Rolando Andaya. Read more »

'Why are we wasting time?' Diokno asks solons as budget row drags

ABS-CBN News
Posted at Jan 09 12:52 PM

Further delays in the approval of the General Appropriations Act could set back "essential" projects, said Budget Secretary Benjamin Diokno.   Read more »

'Build Build Build' driving infra allocations higher: Diokno

ABS-CBN News
Posted at Jan 08 10:34 AM

Diokno said talking about politics and government projects is "taboo" during family gatherings. Read more »

Budget dept denies 'fund scam' in flood control projects

ABS-CBN News
Posted at Jan 07 11:45 AM

Budget Secretary Benjamin Diokno earlier dismissed claims of irregularities by Majority Leader Rolando Andaya as "illusory." Questions over alleged irregularities in the 2019 budget prevented its passage before the end of last year. Read more »

Feud over 'pork' comeback allegations imperils 2019 budget passage

ABS-CBN News
Updated as of Dec 13 01:21 AM

The Philippines on Wednesday was on the brink of ending the year without a national budget for the next 12 months as Speaker Gloria Arroyo's allies clashed with officials of the executive over alleged billions of pesos in alleged "insertions." Read more »

House to press further inspection of 2019 budget: Andaya

ABS-CBN News
Updated as of Jul 28 03:22 PM

House Majority Leader Rolando Andaya Jr the Senate had also agreed on a partial reenacted budget for 2019.  Read more »

Diokno on alleged P75-B budget 'insertions': Not my job to pick contractors

ABS-CBN News
Updated as of Dec 12 12:44 PM

Diokno also warned against not passing the 2019 General Appropriations Act before the end of the year, saying a reenactment of this year's expenditure program would "interrupt growth momentum." Read more »

Arroyo on alleged 'insertions': Ask House budget committee

RG Cruz, ABS-CBN News
Posted at Dec 11 04:51 PM

Arroyo said she was not the one who prepared the budget. Malacanang earlier said she should explain the alleged insertions in the General Appropriations Act. Read more »

Andaya says 2018 budget rushed, contractor favored

ABS-CBN News
Posted at Dec 11 11:07 AM

The House of Representatives has until this week to pass the 2019 General Appropriations Act before Congress adjourns for the Christmas holidays. Budget Secretary Benjamin Diokno is scheduled to appear in the House "question hour" on Tuesday. Read more »

PH to meet deficit target, 'first time in recent history,' says Dominguez

ABS-CBN News
Posted at Nov 28 10:12 AM

President Rodrigo Duterte is "moving ahead" with its spending schedule, as he pursues his "Build, Build, Build" infrastructure program, Dominguez told a business forum in Davao City. Read more »

Govt infra spending at P352.7B in first half, up 42 percent

ABS-CBN News
Posted at Aug 01 10:11 AM

Road projects by the Department of Public Works and Highways helped drive infrastructure spending in the first half, which was also 4 percent above target, Diokno told reporters. Read more »

Duterte government sells $2 billion in 10-year bonds

ABS-CBN News
Posted at Jan 19 09:53 AM

The Philippines on Friday sold $2 billion in 10-year bonds, reflecting the international market's "strong support" for President Rodrigo Duterte's government, the head of his economic team said. Read more »