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In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. [2] The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and ...
H.B. number Date of introduction Short title Description HB00001: July 1, 2019: National Values, Etiquette, and Moral Uprightness Act: Seeks to establish the Commission on Filipino Values which shall conduct a nationwide consultation, craft a Program on National Values, Etiquette and Moral Uprightness; and draft a road map for its implementation.
Rene Estorpe, the barangay captain of Agdao Centro, claimed these promises came from the PBA Partylist, a party-list political party representing the country's athletes. [25] A PBA party-list coordinator from barangay San Antonio admitted to distributing coupons for government aid to lure people in her village to sign for the PI forms. [26]
The lower house, led by House Speaker Martin Romualdez, a cousin of the president, voted 285-3 late on Wednesday to approve budget spending of 6.352 trillion pesos ($113.5 billion) for 2025, a 10% ...
The Philippines is allocating 256.1 billion pesos ($4.38 billion) for defence spending in 2025, the budget ministry said on Monday, up 6.4% from this year's budget as the country seeks to ...
July 20 – President Marcos signs into law Republic Acts No. 12009 or the New Government Procurement Act and 12010 or the Anti-Financial Account Scamming Act. [194] July 21 – The Philippines announces an agreement with China on resupply missions to the BRP Sierra Madre following the June 17 altercation with the China Coast Guard. [195]
In 2020, the position of Speaker was disputed, which in the latter part of the year threatened the passage of a bill legislating the national government's budget for 2021. The dispute involved then-speaker and Pateros–Taguig representative Alan Peter Cayetano and Marinduque representative Lord Allan Velasco .
The inclusion of the conditional cash transfer program caused the budget for the Department of Social Welfare and Development to increase 123% from PHP15.4 billion to PHP34.3 billion. The PHP1.645 trillion budget was passed by the House of Representatives on October 16 in a marathon session. [23]