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Subsidies, fuel tax suspension would have increased gov't debt — DOF

The Philippine government’s running debt stock would have ballooned to P15.4 trillion by the end of this year had the Duterte administration yielded to proposals such as spending more on pandemic relief and suspending the fuel excise tax, according to the Department of Finance (DOF). ....

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Fiscal discipline lowers debt by P2.2 T

The Department of Finance (DOF) estimated that the national government’s debt could have been P2.2 trillion more had President Duterte supported the revenue-eroding proposals in Congress at the height of the pandemic.

In a statement, Finance Chief Economist Gil S. Beltran said that total debt wo ....

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PDP-Laban endorses Romualdez as next House Speaker

House Majority Leader and Leyte First District Rep. Martin Romualdez (File photo) MANILA - The Partido Demokratiko Pilipino-Lakas ng Bayan (PDP)-Laban on Saturday endorsed House Majority Leader Martin Romualdez as the next Speaker of the House of Representatives in the 19th Congress. In a press statement, PDP-Laban president and Energy Secretary Alfonso Cusi said around 65 PDP-Laban members who were able to secure seats in the House of Representatives have declared support for Romualdez. "I am pleased to announce that the Partido Demokratiko Pilipino-Lakas ng Bayan party is endorsing House Majority Leader and Leyte First District Rep. Martin Romualdez as the Speaker of the House of Representatives in the incoming 19th Congress of the Philippines," Cusi said. The PDP-Laban is confident that Romualdez, cousin of presumptive president Ferdinand "Bongbong" Marcos Jr., can "unite and lead" Congress for the passage of significant laws and initiatives for the ben ....

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