Tag: Government Spending
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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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Malacañang Confirms 2025 Budget Cleansed of Unnecessary Expenses
MANILA – The Presidential Palace has confirmed that President Ferdinand R. Marcos Jr. has meticulously removed all unnecessary items from the 2025 national budget, ensuring it aligns with the country’s key priorities. This announcement came in response to criticisms from the Catholic Bishops’ Conference of the Philippines (CBCP), who had expressed concerns over the budget’s…
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House Leader Defends 2025 Budget Against Allegations of Irregularities
In a robust defense of the 2025 national budget, Deputy Majority Leader and La Union 1st District Representative Paolo Ortega V refuted claims made by former President Rodrigo Duterte about the presence of ‘blank appropriations’ in the budget. Ortega labeled these accusations as disinformation intended to manipulate the budget process and reinstate confidential funds previously…
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Francis Marcos Steps Back from Senate Election to Save Public Funds
In a surprising move, senatorial hopeful Francis Leo Antonio Marcos announced his withdrawal from the upcoming May 12 midterm elections on Thursday. Marcos, who had previously been disqualified by the Commission on Elections (Comelec) but managed to secure a temporary restraining order from the Supreme Court, cited his desire to prevent unnecessary government expenditure as…
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DILG Expresses Gratitude to President Marcos for 2025 Budget, Promises Responsible Spending
The Department of the Interior and Local Government (DILG) has expressed its appreciation to President Ferdinand R. Marcos Jr. for approving the national budget of PHP6.32 trillion. The DILG, which received a significant allocation of P279.1 billion, committed to using these funds wisely under the 2025 General Appropriations Act. Secretary Jonvic Remulla emphasized the department’s…
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Marcos Jr. Commits to Constitutional Compliance in 2025 Budget Review
President Ferdinand R. Marcos Jr. is actively ensuring that the proposed 2025 General Appropriations Act (GAA) adheres to constitutional standards, according to Executive Secretary Lucas Bersamin. In a recent statement, Bersamin highlighted that a comprehensive review of the upcoming year’s budget is in progress to eliminate any items that may violate the Constitution. This review…
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President Marcos Jr. Delays Signing of 2025 Budget, Aims for Pre-New Year Approval
President Ferdinand R. Marcos Jr. has announced that he requires additional time to thoroughly review the proposed PHP6.352-trillion national budget for 2025. Speaking at an event at Villamor Air Base in Pasay City, Marcos expressed concerns over the numerous alterations made to the budget, emphasizing the need for a meticulous review to ensure funds are…
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