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Budget gap widens in first quarter

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File photo shows bunkhouses being built in Barangay Caibaan,Tacloban City. On the back of accelerated spending on infrastructure projects mainly in areas affected by Super Typhoon Yolanda, the government's budget shortfall rose by more than a quarter in the first three months of the year. Photo by NINO JESUS ORBETA

The government’s budget shortfall rose by more than a quarter in the first three months of the year on the back of accelerated spending on infrastructure projects, mainly in areas affected by Super Typhoon “Yolanda.”

Posted: May 1st, 2014 in Editor's Pick,Headlines | Read More »

Gov’t allots P30B as PPP backup kitty

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The government has set aside P30 billion from this year’s national budget as contingency fund for the Public-Private Partnership program. “This [P30 billion] will cover commitments made and obligations of the national government in the concession agreements for PPP projects,” Budget Secretary Florencio Abad (in photo) was quoted as saying in a report on the 2014 national budget published by Global Source. INQUIRER FILE PHOTO

The government has set aside P30 billion from this year’s national budget as contingency fund for the Public-Private Partnership (PPP) program.

Posted: January 3rd, 2014 in Editor's Pick,Headlines,Photos & Videos | Read More »

Public infra investments to focus on farm sector

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A rice field in Bicol; photo taken on Sept. 7, 2013. Agriculture Secretary Proceso J. Alcala on Wednesday, Oct. 9, 2013, predicted a surplus of 2.24 million metric tons of rice by yearend, which can meet the entire country’s needs for over two months.  PHOTO BY RICK ALBERTO

The agriculture sector, which accounts for a significant portion of the country’s poor and underemployed, will be a key focus of public investments in infrastructure, technology and other competitiveness measures under the country’s revised development plan through 2016.

Posted: November 8th, 2013 in Latest Business Stories | Read More »

DA seeks more funds for rice farms

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The Department of Agriculture is seeking an additional P200 million from the budget department to top up this year’s quick response fund (QRF), which is meant to address damage to rice farms caused by bad weather.

Posted: August 22nd, 2013 in Headlines | Read More »

Too much too soon

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The Aquino (Part II) administration wants to increase the 2014 budget for its program called CCT (conditional cash transfer), although its hardly used official name is “Pantawid Pamilyang Pilipino” program, to P63 billion.

Posted: August 8th, 2013 in Columnists,Inquirer Columns | Read More »

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