EDITORIAL: Fiscal reforms on track

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.


Improved revenues and quality spending curb deficit

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.


Cabinet execs launch PAMANA in Sulu

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.


DBM breaks up P150.5 billion lump-sum funds

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.


Government spending improves in Q2

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.