GIR falls to $99.5 billion, BoP deficit nears forecast
The Philippines’ gross international reserves fell to $99.5 billion at end-September, their lowest monthly level since September 2023, while the balance of…
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12,312 results for “corruption and fiscal deficit”
Foreign reserves fall to three-year low as BOP deficit widens
The Philippines’ gross international reserves (GIR) fell to $99.5 billion at end-September, while the balance of payments (BOP) deficit widened to $9.1 billion…
BSP sees BoP deficits in 2026 and 2027
‘These deficits highlight the shock from elevated oil and commodity prices, which continue to weigh on the country’s external position.’ — Bangko Sentral ng…
BSP sees BOP deficits in 2026 and 2027
The Philippines’ balance of payments (BOP) deficit is projected to reach $9.2 billion this year and $8.5 billion in 2027 as elevated oil prices, transport…
Tax reforms could unlock 7.1% of GDP fiscal gains — WB
The Philippines could unlock fiscal gains equivalent to 3.6% to 7.1% of GDP through better tax collection, government procurement and public-sector efficiency,…
World Bank: tax reforms could unlock 7.1% of GDP in fiscal gains
The Philippines could unlock fiscal gains equivalent to as much as 7.1 percent of gross domestic product (GDP) by improving tax collection, government spending…
Marcos’ populist pivot could strain fiscal stance — analyst
Political analyst Julio Teehankee said President Ferdinand Marcos Jr.'s 2026 State of the Nation Address reflects a shift toward economic populism, warning…
Marcos' populist pivot could strain fiscal position — analyst
President Ferdinand R. Marcos Jr.'s shift in rhetoric during his 2026 State of the Nation Address (SONA) may pose challenges to his administration's fiscal…
OVP sustains high marks in fiscal management in 2025
The Office of the Vice President posted strong fiscal management in 2025, obligating over 92% of its P913.243 million budget and recording an 81% disbursement…
Isabela shines as all its cities and towns contribute to perfect fiscal audit
Isabela province achieves a perfect passing rate in the 2025 Good Financial Housekeeping audit, as all its cities and municipalities meet DILG standards for…
DOE open to power VAT cut but flags need for fiscal review
The Department of Energy says it is open to proposals to cut VAT on electricity to ease power costs, but warns any move must undergo careful fiscal review by…
Fiscal witchcraft must end
Congress moved roughly P303 billion in programmed items — the Armed Forces of the Philippines modernization, universal tertiary education, personal benefits,…
Fiscal deficit eases despite higher spending – BTr
The Philippines’ fiscal deficit narrowed to P171.2 billion in February 2026 as revenues surged 43.5% on stronger tax collections and early dividends, giving…
Salceda says Marcos’ fiscal moves put Phl on verge of credit upgrade
Former Albay Rep. Joey Salceda says President Ferdinand Marcos Jr.’s tighter fiscal controls and cuts to questionable spending have reduced the deficit and…
Lacson: Veto of nonessential unprogrammed funds strengthens fiscal discipline, curbs patronage
Sen. Ping Lacson backs President Marcos’ veto of unprogrammed budget items, saying it strengthens fiscal discipline, limits patronage, and protects key…
Fiscal burden of pay hike
In the context of a limited government budget, it’s crystal clear that the MUP partake of more and the civilian non-uniformed counterpart of less, yet both are…
