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Tag: Budget department

Nomura says 6% growth for PH possible

Japanese financial group Nomura said over the weekend the Philippines can still hit the low end of the government’s 2019 growth target range of...

Measly pay hike for state workers scored

The Alliance of Concerned Teachers Philippines decried the Duterte administration’s proposed P31-billion budget for 1.2-million civilian government employees’ pay hike as it will not...

Subway project to start third quarter of 2018–DBM

Metro Manila’s first-ever subway project is expected to start its implementation as early as the third quarter of 2018, the Budget Department said Wednesday.  In...

‘More revenues up for priority projects’

Budget department on Wednesday remained confident that it will be able to secure additional revenues for the administration’s priority projects, despite lowered target revenues...

Infrastructure spending increased 18% in August

Infrastructure spending increased 18 percent in August to P40.1 billion from P34 billion a year ago, bolstering the total government spending for the month,...

BIR reorganization rejected

The Budget Department rejected the proposed reorganization of the Bureau of Internal Revenue, saying the plan could affect some functions of the tax collection...

Infra spending surged 31% to P46.2b in May

Public infrastructure spending surged 31 percent in May to P46.2 billion from P35.2 billion a year ago, with the construction of several infrastructure projects,...

With or without Gina, mining review pushed

THE Mining Industry Coordinating Council will spend P50 million to conduct an objective, fact-finding, and science-based review of the performance of existing mine operations. In...

Infra spending posted sluggish growth in July

Infrastructure spending posted a sluggish growth in July, the first month in office of the Duterte administration, data from the Budget Department show. The Budget...

Govt debt likely to rise by P339b

The government expects its outstanding debt to rise by P339 billion in 2017, data from the Budget Department show. The latest budget expenditures and sources...

Infrastructure spending up sharply in Q1 – Budget

Infrastructure and capital outlays spending of the government jumped 53 percent, or P36.3 billion, to P104.8 billion in the first quarter of 2016 from...

LGUs get P234-m share in mining

The Budget Department said Wednesday it released P234 million to local government units as a part of their share from taxes collected by the...
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