State expenditures on infrastructure and capital outlays increased in March due to public works projects around the country, the Department of Budget and Management (DBM) said on Thursday. The DBM’s latest disbursement report showed expenditures up 41.1 percent to P87.8 billion in the third month of 2021 versus P62.2 billion a year ago. It was […]
Read MoreMANILA, Philippines — Sales of imported vehicles rose by 40 percent in the four months to April as all segments registered growth, even as government imposed lockdowns due to the surge in COVID-19 cases and slapped provisional safeguard duties on imported automobiles. The Association of Vehicle Importers and Distributors Inc. (AVID) said it sold a […]
Read MoreMANILA, Philippines — Infrastructure spending of the Duterte administration grew in March, although the turnout was slower compared to the preceding month as pandemic restrictions continued to block building activities. The national government spent P107 billion in capital outlays in March, up 37.4% year-on-year, the budget department reported Thursday, a result which was slower than […]
Read MoreThe Philippines has maintained its solid fiscal position by guaranteeing that the government can always afford to pay its foreign borrowings, according to Finance Secretary Carlos Dominguez 3rd. Dominguez was quoted as saying in a statement released by the Department of Finance on Wednesday that foreign borrowings have proven to be an efficient tool for driving economic growth and ensuring […]
Read MoreFigure raised to 9.4% from previous 8.9% The government’s fiscal gap ceiling this year was raised by the country’s economic managers, who expect higher public expenditure on the coronavirus disease 2019 (Covid-19) pandemic response. Budget Secretary Wendel Avisado said on Tuesday night that the interagency Development Budget Coordination Committee (DBCC) revised this year’s deficit program upward […]
Read MoreMANILA, Philippines — Alarm bells were rang over a yawning budget deficit that is only set to widen this year, but the economic impact of additional spending springing from it appears to be nearly nil that puts into question whether government is spending on the right priorities. If there’s any consolation, economic officials led by […]
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Thailand
