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PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Philippine economy is once again a frontrunner in the ASEAN region posting the highest growth of 5.7% in the first quarter of 2024 despite the onslaught of El Niño, with the industry sector being the

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the quality of jobs in the Philippines has continued to improve as more Filipinos are engaged in formal and stable work—representing the largest portion of the employed workforce in the country, according to the

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ investment-grade credit rating of “A-” with a stable outlook is a strong vote of confidence in President Ferdinand R. Marcos, Jr.’s

31 January 2024 The Philippines finished strong in 2023 with a full-year gross domestic product (GDP) growth rate of 5.6 percent, outpacing major economies in Asia, such as China (5.2 percent), Vietnam (5.0 percent), and Malaysia (3.8 percent) based on the latest available data.

An Act Setting A Ceiling To The Indebtedness Of The Republic Of The Philippines To Ensure Macro-Economic Stability And Sustainable Growth And For Other Purpose (“Government Indebtedness Cap Act Of 2013”) Puts a cap on the indebtedness of the government at 60% of the

An Act Instilling Fiscal Discipline in the Public Sector by Establishing Principles of Responsible Financial Management and Promoting Full Transparency and Accountability in Government Revenue, Expenditure And Borrowing Programs (“Fiscal Responsibility Act”)