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MANILA, Philippines (Updated 7:30 p.m.) — Marikina City Rep. Stella Quimbo's defense of the confidential funds, particularly those allocated to the Office of the Vice President and the Department of Education, as well as the Maharlika Investment Fund, has ignited controversy within the Liberal Party, according to LP President Edcel Lagman (Albay representative)
Senator Win Gatchalian urged the Bureau of Internal Revenue (BIR) to intensify its efforts to eliminate the proliferation of ghost and fake receipts, stating that such activities are denting government revenues and adversely affecting micro enterprises.
The c (AFP) said it needs P9 billion to develop and secure the areas in the West Philippine Sea that the country occupies.
MANILA, Philippines — The House of Representatives is aiming to allocate P3 billion for “development projects” in Pag-asa in the town of Kalayaan in Palawan.
Four former officers of the defunct Technology and Livelihood Resource Center (TLRC) have been sentenced to up to 47 years in prison following their conviction for graft and malversation of public funds.
During the Development Budget Coordination Committee (DBCC) briefing to the Senate on the proposed PHP 5.768-trillion National Budget for Fiscal Year (FY) 2024, Finance Secretary Benjamin E. Diokno gave an overview of the Medium-Term Fiscal Framework (MTFF), revenue collection performance, and legislative priorities identified by the Department of Finance (DOF) that would help the government achieve the MTFF targets.
Finance Secretary Benjamin E. Diokno on Wednesday asserted that any proposed reforms in the pension system for military and uniformed personnel (MUP) must directly and squarely address the substantial budgetary implications stemming from indexation and the absence of personnel contributions.
The country’s headline inflation rate rose to 5.3 percent in August 2023 from the 4.7 percent recorded in the previous month. This brings the year-to-date inflation rate to 6.6 percent, higher than the Development Budget Coordination Committee (DBCC) assumption of 5.0 to 6.0 percent for full year 2023.