The Civil Service Commission (CSC) has approved the appointments of the executive officers of the Philippine Tax Academy (PTA), including the president and the three chancellors of the institution. PTA President and Department of Finance (DOF) Chief Economist Gil Beltran said the CSC cleared the
THE Philippines’s debt-to-gross domestic product (GDP) ratio soared to 63.5 percent in the first quarter, the highest in 17 years. This is also above the internationally recommended 60-percent threshold by multilateral lenders for emerging markets like the Philippines, and also the highest since the country’s debt-to-GDP ratio hit 65.7 percent…
THE Department of Finance (DOF) expressed confidence that the country’s economy will grow by 7 percent in the last quarter of the year to hit the higher end of the government’s revised full-year GDP growth target at 5.5 percent. Finance Chief Economist Gil Beltran said a 7-percent fourth-quarter GDP growth…
THE country’s economy needs to grow by 5 to 5.5 percent in the second half of this year to hit the government’s full-year target of 4 to 5 percent, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil Beltran said the country’s average economic growth for the…
A CONSUMER group is asking the government to suspend the excise tax on petroleum products to provide relief to many sectors amid the pandemic, as oil companies announced another round of price hikes effective midnight Tuesday. The top government economist, however, said suspending the excise tax is not yet necessary…