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The quality of jobs for Filipinos continues to improve as the country’s underemployment rate decreased to 10.7 percent in September 2023, the lowest figure ever recorded since earliest available data starting April 2005.
The Department of Finance (DOF), through its Revenue Integrity Protection Service (RIPS), has stepped up its anti-graft drive under the leadership of Finance Secretary Benjamin E. Diokno.
Overall inflation in the Philippines dropped to 4.9 percent in October 2023 from 6.1 percent in the previous month, lower than the Bangko Sentral ng Pilipinas (BSP)’s forecast of 5.1 to 5.9 percent.
Finance Secretary and National Power Board ex-officio Chair Benjamin E. Diokno has commended the National Power Corporation (NPC) for its recent energy sector accomplishments and highlighted its important role in advancing President Ferdinand R. Marcos, Jr.’s goal of a more sustainable and resilient energy system in the country.
Finance Secretary Benjamin E. Diokno has highlighted that the successful Retail Dollar Bond 2 (RDB 2) issuance will drive long-term economic growth and enable greater financial inclusion among Filipinos.
Finance Secretary Benjamin E. Diokno has noted that the narrowing National Government (NG) deficit for the first nine months of 2023 due to higher revenue collections and better expenditure performance is a strong indication that the country’s debt-to-GDP ratio will continue to stabilize.
Finance Secretary Benjamin E. Diokno has commended the local treasurers all over the country as they embark on playing a crucial role in the success of the Barangay and Sangguniang Kabataan (BSK) elections on October 30, 2023.
Finance Secretary Benjamin E. Diokno met with Credendo, a state-owned European credit insurance group and Belgian Export Credit Agency, on October 27, 2023 following the inaugural Global Gateway Forum in Brussels, Belgium.