2019

‘GAA should fund MWSS operations’

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By Jovee Marie N. Dela Cruz, Bernadette D. Nicolas and Jonathan L. Mayuga, March 21 2019; Business Mirror https://businessmirror.com.ph/2019/03/21/gaa-should-fund-mwss-operations/ Image Credit to Business Mirror For the Metropolitan Waterworks and Sewerage System (MWSS) to fully exercise its job, the chairman of the House Committee on Public Accounts on Wednesday said the budget of the regulatory body should […]

2019

House in ‘last-ditch’ bid to end budget impasse

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By Jovee Marie de la Cruz, March 21 2019; Business Mirror https://businessmirror.com.ph/2019/03/21/house-in-last-ditch-bid-to-end-budget-impasse/ Image Credit to Business Mirror The leadership of the House of Representatives on Wednesday formed a three-man team that will meet with their Senate counterparts to break the budget impasse in five days. House Committee on Appropriations Chairman Rolando Andaya Jr. made the statement […]

2019

Government set to release 4th tranche of salary hike

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By Bernadette D. Nicolas, March 21 2019; Business Mirror https://businessmirror.com.ph/2019/03/21/government-set-to-release-4th-tranche-of-salary-hike/ Image Credit to Business Mirror TWO months before elections and amid a budget impasse, President Duterte signed an executive order (EO) authorizing the grant of the fourth tranche of the increase in the salaries of government employees. EO 76, which was signed by the President on […]

2019

Sotto acknowledges August budget passage scenario

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By Charmaine A. Tadalan, March 19 2019; Business World https://www.bworldonline.com/sotto-acknowledges-august-budget-passage-scenario/ Image Credit to Philippine Star SENATE President Vicente C. Sotto III said failure to promptly resolve the dispute of both chambers of Congress over the 2019 budget will prolong the effectivity of the reenacted 2018 budget until August — a scenario that government economists said would […]

2019

More China loans eyed for PH infra projects

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By Ben O. de Vera, March 19 2019; Philippine Daily Inquirer https://business.inquirer.net/266994/more-china-loans-eyed-for-ph-infra-projects Image Credit to Philippine Star Top Philippine and Chinese officials will meet in Beijing this week to firm up financing for big-ticket infrastructure projects under the Duterte administration’s ambitious “Build, Build, Build” program. In a statement Monday, the Department of Finance (DOF) said […]

2019

Fiscal data bear imprint of budget delay

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By Karl Angelo N. Vidal, March 19 2019; Business World https://www.bworldonline.com/fiscal-data-bear-imprint-of-budget-delay/ Image Credit to Business World THE GOVERNMENT posted its first fiscal surplus in nine months in January, according to latest official data the Bureau of the Treasury released on Monday, with a drop in state spending blamed on delayed enactment of 2019’s P3.757-trillion national budget. […]

2019

House to withdraw budget version it sent to Senate, ending standoff

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By Jovee Marie N. dela Cruz & Butch Fernandez, March 19 2019; Business Mirror https://businessmirror.com.ph/2019/03/19/house-to-withdraw-budget-version-it-sent-to-senate-ending-standoff/ Image Credit to Business Mirror THE House of Representatives on Monday said it will withdraw the copy of the enrolled 2019 General Appropriations Act (GAA) that it earlier sent to the Senate for signature. San Juan City Rep. Ronaldo Zamora was […]

2019

DOF chief flags risks of underspending as 2019 budget stalls

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By Bianca Cuaresma, March 18 2019; Business Mirror https://businessmirror.com.ph/2019/03/18/dof-chief-flags-risks-of-underspending-as-2019-budget-stalls/ Image Credit to ABS-CBN News THE government is losing the opportunity to spend P500 million a day for productive activities such as education, health care, infrastructure and job creation with every week that the government is forced to operate on a reenacted budget, the Department of […]

2019

‘Population survey in limbo due to budget delay’

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By Cai Ordinario, March 18 2019; Business Mirror https://businessmirror.com.ph/2019/03/18/population-survey-in-limbo-due-to-budget-delay/ Image Credit to Philippine Statistics Authority The delay in the passage of the 2019 national budget has another possible casualty­—the Philippine Census of Population and Housing which should be conducted next year. Philippine Statistics Authority (PSA) Officer in Charge Rosalinda  Bautista told the BusinessMirror in an […]

2019

Neda: Reenacted budget to stall infrastructure projects, cut GDP growth this year

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By Cai Ordinario, March 14 2019; Business Mirror https://businessmirror.com.ph/2019/03/14/neda-reenacted-budget-to-stall-infrastructure-projects-cut-gdp-growth-this-year/ Image Credit to Business Mirror A REENACTED budget will likely result in the lowest GDP growth rate that the Philippines will see in nearly a decade as it would hamper jobs creation and the implementation of publicly funded projects. The National Economic and Development Authority (Neda) said […]