• 21 October 2016
MANILA, Oct. 21 - The Duterte administration’s revenue collection has outstripped expenditures last August owing to prudent spending and strong tax payments, the Department of Finance (DOF) announced. Based on the Bureau of the Treasury report submitted to Finance Secretary Carlos Dominguez III, the national government doubled its budget surplus in August this year to P32.6 billion from P15 billon in the same month last year. The surplus in August, the first under the Duterte administration, dragged down the eight-month fiscal gap to P138.4 billion, leaving the government ample fiscal room to support growth for the remainder of the year. The end-August budget deficit is also well within the P388.87 billion ceiling for the year, but significantly higher compared to P3.4 billion gap incurred in the same period in 2015. During the month, government revenues reached P209.6 billion, up by 19 percent from P176.7 billion in the previous year. Of that amount, the Bureau of Internal Revenue (BIR) contributed P157.5 billion to the state coffers, while the Bureau of Customs (BOC) generated P33.1 billion in revenues. Both the BIR and BOC, accounting for a combined 90 percent ...Read more

DA-BFAR launches search for outstanding coastal community

 CENTRAL  21 October 2016
QUEZON CITY, Oct. 21 - The Department of Agriculture’s Bureau of Fisheries and Aquatic Resources (DA-BFAR) launched on Monday, October 17, a program called Malinis and Masaganang Karagatan (MMK), which will award coastal municipalities for their efforts in protecting and conserving marine env ...Read more

Pay hike, job security and employment, gov’t’s top concern, says DOLE

 CENTRAL  21 October 2016
MANILA, Oct. 21 - Increasing workers’ pay, job security, and boosting employment generation are among the Duterte administration’s top priority concerns, Labor Secretary Silvestre Bello III said.   “We are working towards adjusting salaries. Although this has to go through a long proc ...Read more