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State auditors demand transparency in Surigao del Norte s handling of COVID-19 funds, donations

State auditors demanded transparency in the handling of funds, grants and donations received by the Surigao del Norte provincial government to support programs addressing the effects of the anti- coronavirus-disease (COVID-19) pandemic in the province. The Commission on Audit revealed in its 2020 a

COA scolds Dinagat Island officials for stockpiling cadaver bags

The Commission on Audit has chided the provincial government of Dinagat Island for ‘stockpiling’ cadaver bags in response to the 2019 coronavirus disease (COVID-19) situation, saying that the procured items exceeded the three-month estimated number of deaths in the province. COA made the observatio

Budget gap narrows by 83 78% in April on tax collection surge

By TED CORDERO, GMA News Published May 25, 2021 6:48pm The national government’s fiscal balance yielded a narrower deficit in April as state revenues increased due to payment of income taxes during the period as well as the decline in public spending, Bureau of the Treasury (BTr) said Tuesday. Data released by the Treasury showed the budget deficit last month stood at P44.4 billion, down 83.78% from P273.9 billion in April 2020. The narrower fiscal shortfall “was driven by the 55.46% growth in revenue performance due to the payment of income taxes, vis-a-vis a 27.14% decline in expenditures from the substantial COVID-19 spending at the height of the imposition of the enhanced community quarantines last year.”

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