The Philippines’ solid financial footing amidst the ongoing COVID-19 pandemic validates the “good work” of the Department of Finance (DOF) under the Duterte administration, as well as the correctness of the reforms and policies it has pursued to ensure adequate funding for the government’s strategic investments in, and for, the Filipino people, Secretary Carlos Dominguez III said Wednesday.
Total foreign investments (FI) approved in the second quarter of 2021 reached P22.50 billion, 45.5% higher compared with P15.46 billion in the same quarter in 2020.
For the first time since the pandemic in April last year, the unemployment rate here has dropped to 6.9% in July, according to the Philippine Statistics Authority (PSA) July 2021 Labor Force Survey (LFS).
Department of Finance (DOF) Secretary Carlos Dominguez III said Monday government debt and its share of domestic economic output rose last year due to pandemic-related spending but this remained fiscally viable and sustainable.
The Bangko Sentral ng Pilipinas (BSP) remains vigilant of evolving global and domestic price conditions and stands ready to deploy appropriate monetary policy tools necessary to safeguard its price and financial...
