Review of the Medium-Term Macroeconomic Assumptions and Fiscal Program for FY 2023 to 2028 December 5, 2022 The Development Budget Coordination Committee (DBCC) reviewed the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets for FY 2023 to 2028 to take into account the latest domestic developments, global economic status, and the administration’s priorities and continue reading : JOINT STATEMENT OF THE DBCC ON THE REVIEW OF THE MEDIUM-TERM MACROECONOMIC ASSUMPTIONS AND FISCAL PROGRAM FOR FY 2023 to 2028
DBCC JOINT STATEMENT ON THE SURGE OF COVID-19 CASES
January 7, 2022 The Development Budget Coordination Committee is closely monitoring the impact of the elevated number of COVID-19 cases, especially in the National Capital Region (NCR) and its neighboring provinces. We estimate that the shift from Alert level 2 to Alert level 3 for NCR plus, which includes Metro Manila, Bulacan, Cavite, Laguna, and continue reading : DBCC JOINT STATEMENT ON THE SURGE OF COVID-19 CASES
THE JUNE 2021 LABOR FORCE SURVEY RESULTS JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS
SOCIOECONOMIC PLANNING SECRETARY KARL KENDRICK T. CHUA FINANCE SECRETARY CARLOS G. DOMINGUEZ BUDGET AND MANAGEMENT OIC TINA ROSE MARIE L. CANDA AUGUST 3, 2021 The labor force survey results for June 2021 show the limits of job creation without major relaxations in quarantine restrictions, especially in the National Capital Region. With the emergence of the continue reading : THE JUNE 2021 LABOR FORCE SURVEY RESULTS JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS
Economic Development Cluster Press Statement
Economic Development Cluster Press Statement January 30, 2020; 5:00 PM Podium Floor, Department of Finance Fellow workers in government; Friends in the media; Ladies and gentlemen; Good afternoon. The Economic Development Cluster of President Rodrigo Roa Duterte’s Cabinet met earlier today to review the country’s economic performance in 2019 and forge a strategy continue reading : Economic Development Cluster Press Statement
JOINT STATEMENT ON THE 177th DBCC MEETING
We, the members of the Development Budget Coordination Committee (DBCC), held a meeting to revisit the macroeconomic assumptions and medium-term fiscal and growth targets of the government. This is in light of recent developments, both domestic and external, as well as in preparation for the proposed 2021 National Expenditure Program (NEP).
JOINT STATEMENT ON THE 175TH DBCC MEETING: REVIEWING THE MACROECONOMIC ASSUMPTIONS AND FISCAL PROGRAM OF THE GOVERNMENT
March 13, 2019 We, the members of the Development Budget Coordination Committee (DBCC), held a meeting to revisit the macroeconomic assumptions and medium-term fiscal and growth targets of the government. This is in light of recent developments, both domestic and external, as well as in preparation for the proposed 2020 National Expenditure Program (NEP). The continue reading : JOINT STATEMENT ON THE 175TH DBCC MEETING: REVIEWING THE MACROECONOMIC ASSUMPTIONS AND FISCAL PROGRAM OF THE GOVERNMENT
JOINT STATEMENT ON FEBRUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
March 5, 2019 We, the economic managers, are pleased by the report that the country’s inflation rate slid further to 3.8 percent in February as price levels start to normalize and settle back to the government’s target. This is appreciably lower than the 4.4 percent rate in January, which shows the government’s resolve coupled with continue reading : JOINT STATEMENT ON FEBRUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
JOINT STATEMENT ON JANUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
February 5, 2018 We, the economic managers, are glad to report that the country’s inflation rate in January further slowed down to 4.4 percent. This gives us an auspicious start in our efforts this year to keep inflation manageable and bring it back to the government’s target range of 2 to 4 percent for 2019. January’s inflation outturn continue reading : JOINT STATEMENT ON JANUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
JOINT STATEMENT ON FULL-YEAR 2018 INFLATION FROM THE ECONOMIC TEAM (NEDA-DOF-DBM)
January 4, 2019 We, the economic managers, welcome the news that the country’s inflation rate came to a seven-month low at 5.1 percent in December 2018 sharply down from November’s 6.0 percent. This signifies that the mitigating measures already in force are broadly effective. Slower price increases in food and non-alcoholic beverages and transportation continued continue reading : JOINT STATEMENT ON FULL-YEAR 2018 INFLATION FROM THE ECONOMIC TEAM (NEDA-DOF-DBM)
JOINT STATEMENT OF THE ECONOMIC TEAM ON THE PERFORMANCE OF THE PHILIPPINE ECONOMY FOR Q4 AND FULL-YEAR 2018
JOINT STATEMENT OF THE ECONOMIC TEAM ON THE PERFORMANCE OF THE PHILIPPINE ECONOMY FOR Q4 AND FULL-YEAR 2018 January 24, 2019 Philippine economic growth remained stable as it grew 6.1 percent in the fourth quarter of 2018 from the revised 6.0 percent recorded in the third quarter. This steady performance—the seventh consecutive year that the continue reading : JOINT STATEMENT OF THE ECONOMIC TEAM ON THE PERFORMANCE OF THE PHILIPPINE ECONOMY FOR Q4 AND FULL-YEAR 2018
ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION
The economic managers are pleased to report that inflation rate has markedly slowed to 6.0 percent in November 2018, suggesting the efficacy of anti-inflationary measures taken by the government and pointing to continuing reduction going forward. Today, the Philippine Statistics Authority announced that year-on-year inflation eased to 6.0 percent in November from 6.7 percent in October 2018, the lowest rate since the 5.7 percent rate in July. In fact, continue reading : ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION
ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION
The economic managers are pleased to report that inflation rate has markedly slowed to 6.0 percent in November 2018, suggesting the efficacy of anti-inflationary measures taken by the government and pointing to continuing reduction going forward. Today, the Philippine Statistics Authority announced that year-on-year inflation eased to 6.0 percent in November from 6.7 percent in continue reading : ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION
