Tag: Fiscal Performance
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Decline in Budget Deficit Praised by DBM Chief
Budget Secretary Amenah Pangandaman expressed satisfaction over the reduction in the national budget deficit. In her statement on Friday, she highlighted that the decrease surpassed initial expectations. “We are thrilled to report that our 2024 budget deficit has fallen to 5.7 percent of GDP, equivalent to P1.506 trillion. This achievement is beyond our projections,” stated…
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Philippine Budget Secretary Commits to Sustained Fiscal Performance Amid Improved Deficit
Budget Secretary Amenah Pangandaman has pledged to intensify efforts to uphold the government’s commendable spending performance. This commitment comes in the wake of a reported 5.7% reduction in the national budget deficit for 2024, a development that has filled Pangandaman with joy. The announcement followed a report from the Bureau of the Treasury (BTr) indicating…
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Northern Samar Upgraded to First-Class Province Amid Economic Growth
In a significant development for Northern Samar, the province has been elevated from a second-class to a first-class status in 2024, reflecting a robust improvement in its fiscal performance over the past three years. This upgrade was announced by Governor Edwin Ongchuan, who highlighted the progress in an undated photo shared by the provincial government.…
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