Rappler's latest stories on Department of Finance
The Sandiganbayan finds former Department of Finance officials guilty of graft for issuing fraudulent tax credit certificates in 1997 and 1998
By saying the country 'never, never defaulted on its loans,' the DOF is being naïve at best and disingenuous at worst
'The Philippines has no history of defaulting on its loans. So why are people saying now that we will default? They have no faith in the Philippines?' says Finance Secretary Carlos Dominguez III
Finance Undersecretary Bayani Agabin says that in the 'unlikely' event of a loan default, China cannot claim Reed Bank. Instead, the Philippines can sell gas and use the cash to pay Beijing.
Rappler reviews loan documents for the Philippines' infrastructure projects and finds that China is demanding more than others and wants deals kept opaque
Senior Associate Justice Antonio Carpio counters the claims of government officials who sought to downplay his warning against the repercussions of a government loan from China
Finance Assistant Secretary Antonio Lambino implies that the Philippines would not lose the gas-rich Reed Bank, as it is not considered a patrimonial asset
Finance Secretary Carlos Dominguez III says it is important to find out where foreign online gambling workers are located, given the 'national security implications' and their large presence here
(UPDATED) After ranking economists and analysts according to the accuracy of their inflation forecasts, the DOF looks into their GDP projections
While both tobacco and alcohol saw excise tax hikes back in 2012, the Department of Finance says alcohol lags behind in revenue contribution
More flood control and road projects are set to be funded by Japan this year
Taxes collected from sugar-sweetened beverages from January to October 2018 stand at P30 billion, 25% short of the P40-billion target
Finance Secretary Carlos Dominguez III says they will seek a last push discussion with legislators for the approval of the measures before the 2019 elections
Finance Undersecretary Gil Beltran says this setup will make courses of the Philippine Tax Academy available to all personnel of revenue agencies
'Sa job ko? My goodness... Kala ko kay Secretary [Carlos] Dominguez, hindi naman sa akin. But these are all speculation, okay,' says Diokno
Antagonistic remarks only put at risk otherwise friendly relations between government and the private sector
'I don't have to mention the names, I'll just mention some initials. ZTE, for instance,' says Finance Secretary Carlos Dominguez III
Economic managers urge the Department of Agriculture to invest in modern farming tools to improve farmer productivity
The Bureau of the Treasury says the year-to-date fiscal gap stands at P438.1 billion of the P523.6-billion target cap
Former president Gloria Macapagal Arroyo is on her 3rd and last term as Pampanga congresswoman and is planning to retire next year
The government's economic team says the Department of Agriculture must improve farmers' productivity to bring food prices down
The Philippine government rejects the findings, as Philippine finance and trade officials urge the World Bank to correct the 'inaccurate and understated findings'
Finance Secretary Carlos Dominguez III says this reduces the cost of doing business for Chinese and Filipino businessmen
'I don't meet him on economic matters,' says Finance Secretary Carlos Dominguez III
The Department of Finance sees less pressure to suspend the fuel excise tax hike in 2019, with Dubai crude prices possibly tapering off in the last quarter of 2018
Finance Assistant Secretary Tony Lambino says the Trabaho bill would convince more firms to expand due to additional incentives, contrary to views of business groups
Budget Secretary Benjamin Diokno says non-infrastructure projects will be the first in line to be reviewed for postponement
'Contrary to the wrong information spreading online, the Trabaho bill will not remove the VAT and customs duties exemption on the publication, sale, and importation of books,' says the Department of Finance
The Department of Finance (DOF) expects inflation to hit another 9-year high
Finance Undersecretary Karl Kendrick Chua says over 97,000 small and medium enterprises can expand their businesses and generate more jobs due to lower taxes
The investors raise concerns in a meeting with House officials and the Department of Finance to tackle the tax reforms under the Trabaho bill
Finance Secretary Carlos Dominguez III says foreigners 'will not invest' if the rules under federalism are not clear
'We are not naive. We know all ODA (official development assistance) projects of all countries are designed to influence,' says Finance Secretary Carlos Dominguez III
Economic managers aim to cut corporate taxes and push for a simpler fiscal incentive scheme, so what's stopping them? Two Goliaths: politics and money.
Finance Secretary Carlos Dominguez III forms a high-level task force to recover the P11 billion worth of undue tax credits
The Commission on Audit (COA) recommends that the Department of Finance come up with a 'more realistic budget proposal'
Build, Build, Build is currently financed by taxes, official development assistance, and commercial loans
Finance Secretary Carlos Dominguez III previously said the samurai bond sale will happen sometime in the 3rd or 4th quarter of the year
Ex-Department of Finance undersecretary Sunny Sevilla says he is 'dumbfounded' by his former agency's 'tone-deaf, misleading economic commentary'
Step down from your ivory tower and embrace reality – the reality of the shrinking peso, in the truest meaning of the word
The Philippines' budget deficit from January to April is at P115.9 billion, lower than the P167.1-billion projection
The proposed amount is more than twice the average allocation, and could be the agency's largest budget if approved
Customs Commissioner Lapena says, 'smugglers nowadays are bold to import these counterfeit items because majority of the Filipinos patronize fake products (for) its cheaper price'
Philippine Finance Secretary Carlos Dominguez III says the revenues would help pay off Japan's loan for the construction of the subway
During the country’s annual briefing with the Asian Development Bank, Finance Secretary Carlos Dominguez III says, 'Mindanao today is at the front and center of the Build, Build, Build infrastructure program'
Customs chief Isidro Lapeña says the bureau has to sustain until yearend the P2-billion monthly collection surplus it has registered so far
'Our efforts to create a more business- and investor-friendly environment are gaining traction,' says Socioeconomic Planning Secretary Ernesto Pernia, after an American firm ranked the Philippines as the best country to invest in
The Department of Finance attributes this to the higher prices of sin products such as cigarettes and alcoholic beverages
Dennis Mapa, dean of the UP Diliman School of Statistics, also says the P200 monthly subsidy for poor Filipino households is not enough to offset the impact of the tax reform law
The loan will go towards expanding the Plaridel Bypass Road from two lanes to a 4-lane carriageway national road