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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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Regions growth to encourage investments—DOF

The economic recovery registered by the regions last year should encourage investments in their respective areas, the Department of Finance (DOF) said.

In the latest DOF Economic Bulletin, Finance Chief Economist Gil S. Beltran said economic growth rose in all 17 regions in 2021 as the country r ....

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High debt, low revenue bottlenecks to growth

High debt load and low revenue collection will become bottlenecks to the country’s return to a rapid and sustainable economic growth path, the Department of Finance (DOF) said.

As the government transitions to the next administration, Finance Chief Economist Gil S. Beltran said that fiscal conso ....

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