FINANCE Secretary Cesar V. Purisima said the Aquino fiscal performance is “strong.” The budget deficit of only P17.231 billion vis-à-vis its P152.128 billion ceiling for the first six months of the year is an indictation of this.
WITH a budget deficit of only P17.231 billion compared to its P152.128 billion ceiling for the first six months of the year, the Aquino administration’s fiscal performance remained strong, Finance Secretary Cesar V. Purisima said in a statement.
A report from the Department of Budget and Management noted that disbursements of the national government from April to June this year improved to P349.6 billion or 85.8% of program compared to first quarter spending which reached only 81% of the target.
DESPITE recent hostilities, Cabinet officials this week trooped to Sulu to launch development projects under PAMANA (Payapa at Masaganang Pamayanan or Peaceful and Resilient Communities), the government’s program and framework for peace and development.
THE Aquino administration has fleshed out P150.5 billion in lump-sum funds of government agencies in the proposed P1.816 trillion 2012 National Budget to promote transparency and allow agencies to measure outcomes of their spending.
THE Department of Agriculture and a state university are teaming up to optimize the agribusiness potentials of indigenous herbs and spices.
THE Bureau of Internal Revenue (BIR) this week filed a criminal complaint against Carlota Cristi Manalo-Tan, owner of Figaro Coffee Shop, for tax evasion for failing to pay P59 million in taxes despite hefty earnings.