Budget and Management Secretary Florencio B. Abad said savings in public works through the reduction of project costs is expected to grow to about P6 to P7 billion by year-end. This will be done by instituting open, competitive and transparent bidding of public works projects, goods, and consultancy services.
Tax collections by the Bureau of Internal Revenue have reached a total of P302.94 billion from January to April this year. This figure exceeds the cumulative target for the period, which amounts to Php302.16 billion, by Php781 million or 0.3%.
The government Reciprocal Working Committee has begun drafting its version of the Comprehensive Agreement on Socio-economic Reforms that will be presented by the Government of the Philippines peace panel at the next round of formal talks with the Communist Party of the Philippines-New People’s Army-National Democratic Front of the Philippines.
Due to intensified intelligence gathering and security measures now being enforced in all Casino Filipino branches, the Philippine Amusement and Gaming Corporation (PAGCOR) recently uncovered one of the most ingenious and creative means of defrauding casinos.
The Department of Education reported that only 12% of its P1.6 billion cash advances remains to be liquidated, showing the department’s continuous improvements in financial housekeeping and transparent governanc