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The Department of Finance (DOF) told state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to disconnect Lanao del Sur Electric Cooperative, Inc. (Lasureco) from the grid and curtail Maguindanao Electric Cooperative, Inc. s (Magelco s) supply of power after failing to settle their outstanding debts of P16 billion in total. ....
The national debt would have soared to an all-time high of P15.4 trillion by the end of 2022 had the government caved in to legislation to provide additional stimulus to the poorest households, according to the Department of Finance. ....
The Cabinet-level Fiscal Incentives Review Board (FIRB) has directed all investment promotion agencies to submit their schedule of investor fees for adjustment purposes. ....
The Department of Finance is urging the incoming administration of President-elect Ferdinand “Bongbong” Marcos Jr. to cut wasteful expenditures to make sure the government keeps enough cash to finance priority projects. ....