Economy

DOF Economic Bulletin on National Government (NG) Revenue Collection Performance for the First Three Quarters of 2020

DOF PR NG revenues dropped by 7.9% in the first three quarters of 2020 as the country battled a pandemic that led to nominal GDP slumping 8.6% during the period. Tax revenues dropped...

Domestic Liquidity Growth Eases in September

BSP PR Preliminary data show that domestic liquidity (M3) grew by 12.3 percent year-on-year to about ₱13.5 trillion in September. This was slower than the 13.7-percent (revised) expansion in August. On a...

Q3 2020 GDP contraction eased to 11.5 from 16.9 of Q2

The Philippine economy is slowly recovering from the impact of COVID-19 as more establishments and transportation are going back to business and employment resumes. The Philippine Statistics Authority (PSA) reported that the...

Dominguez cites key role of rural banks in agri modernization

DOF PR Finance Secretary Carlos Dominguez III has called on the rural banking sector to play a proactive role in transforming Philippine agriculture into a modern, high-growth sector that will help provide...

Q3 2020 inflation remains within target range

BSP PR The BSP published today the 76th issue of the quarterly BSP Inflation Report covering the period July-September 2020. The full text of the report is being released in PDF format...

National Government Debt Recorded at P9,369 Billion as of end-September 2020

PR MANILA, Philippines, 29 October 2020 – The National Government’s (NG) total outstanding debt stood at P9,368.88 billion as of end-September 2020. The total debt stock for the month fell by P246.15...

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