Tag: spending
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BMI says Philippine consumer spending to accelerate this year
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HOUSEHOLD CONSUMPTION is seen to accelerate this year amid easing inflation, Fitch Solutions’ unit BMI said. “We hold a positive outlook for consumer spending in the Philippines in 2024 and 2025,” it said in its latest commentary. “While household spending already recovered to the pre-COVID levels in 2022, the rate…
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Infrastructure spending jumps in April
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INFRASTRUCTURE SPENDING jumped in April amid the continued implementation of projects, the Department of Budget and Management (DBM) reported. Infrastructure and other capital outlays rose by 36.2% to P118.9 billion in April from P87.3 billion in the same month a year ago, according to the latest National Government disbursement report.…
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Gov’t urged to boost education spending as students fare badly in latest PISA study
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THE PHILIPPINE government should boost spending on its public education system, arts and technology, as well as improve on-the-job training programs for students after a global study found Filipino students among the worst in the world in creative thinking, according to economists and education experts.
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Budget surplus narrows in April as spending rises
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THE NATIONAL Government’s (NG) budget surplus narrowed in April as expenditures surged by 32%, outpacing the 22% rise in revenues, the Bureau of the Treasury said.
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Infrastructure spending increased by 15% in March, says Budget dep’t
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STATE SPENDING on infrastructure rose by 15% in March as the government ramped up disbursements for public works and defense modernization projects, the Department of Budget and Management (DBM) said.
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Filipinos now spending more on home redesign post-COVID
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THE GLOBAL coronavirus pandemic has forced Filipinos to rethink spaces and redesign certain areas of their home to make these more work-friendly.
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Infrastructure spending rises 27% in Feb.
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By Beatriz Marie D. Cruz, Reporter INFRASTRUCTURE spending jumped by 27% in February as the government ramped up road and defense modernization projects, the Department of Budget and Management (DBM) said. In the latest National Government (NG) disbursement report, infrastructure and other capital outlays rose by 26.6% or P16.7 billion…