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PHL economic managers to US business, Fil-Ams: Govt to focus on reducing poverty, inequality

WASHINGTON, D.C. – The Philippine Secretaries of Finance, Budget and Management, and Socioeconomic Planning discussed the Duterte Administration’s plan of action to reduce poverty and inequality during engagements with the business and Filipino-American communities on 05 October...
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Budget chief Diokno: No US manipulation of PHL peso

MANILA, Sept 28 (Mabuhay) – Budget Secretary Benjamin Diokno on Wednesday contradicted the statement of President Rodrigo Duterte that the Americans are supposedly “undermining” and “manipulating” the depreciation of the Philippine peso. “Rational behavior lang ‘yan eh. Siyempre...
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Duterte admin keen on creating a Department of Housing

MANILA, Aug 31 (Mabuhay) – The Duterte administration is keen on creating a Department of Housing to focus on providing shelter for the informal sector, a Cabinet official said Wednesday. “In a Cabinet meeting, there was a recent decision to […]
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Food, medicine to remain VAT exempt for seniors

MANILA (Mabuhay) — Senior citizens will still enjoy value added tax exemptions (VAT) on food, medicine and education expenses even as the government seeks to expand the scope of the levy to offset a planned reduction in income taxes, Budget […]
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Ex-Budget chief Abad denies Aquino admin underspent P1 trillion

MANILA (Mabuhay) — Former Budget chief Florencio B. Abad on Wednesday said that contrary to Budget Secretary Benjamin E. Diokno’s estimates, underspending of the Aquino administration would not hit P1 trillion. “Diokno is assuming that the shortfalls become permanent...
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Groups file cases vs. Aquino, Abad over DAP

MANILA  (Mabuhay) – Several groups on Friday filed charges against former President Benigno Aquino III and former Budget Secretary Florencio Abad before the Office of the Ombudsman over the implementation of the Disbursement Acceleration Program, some parts of which were […]
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Diokno vows no more underspending in gov’t

MANILA  (Mabuhay) – Economist and incoming budget secretary Benjamin Diokno on Wednesday said he will boost government spending when he returns to office, this time under the President-elect Rodrigo Duterte’s administration. Diokno previously served as budget secretary during the...
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EO on pay hike already under Palace review — Coloma

MANILA, Feb 12 (Mabuhay) — The draft Executive Order (EO) that would implement the first tranche of the salary hike for government employees is now under review by the Office of the President, a Palace spokesman said Friday. “According to […]
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Abad hopes Congress will pass gov’t pay hike bill after May polls

MANILA, Feb 4 (Mabuhay) — Budget Secretary Florencio “Butch” Abad is still counting on Congress to pass the proposed law increasing the salaries of government employees when it resumes session after the national and local elections. Abad said: “[What are […]
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2016 budget is last appropriations bill under Aquino administration – DBM

MANILA, Dec 17 (Mabuhay) – The Department of Budget and Management (DBM) on Thursday welcomed Congress’ ratification of the P3.002-trillion 2016 national budget, the last appropriations bill crafted under the Aquino administration. In a statement, Budget Secretary Florenc...