It was also DepDev’s first time hosting the DBCC press briefing at its Mandaluyong office. Previously, these were held at the Finance department’s headquarters in Manila.

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The Development Budget Coordination Committee issued revised macroeconomic and fiscal targets for 2025-2028 last week, June 26.

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The DBCC recently updated its macroeconomic assumptions and fiscal program to reflect current global realities, including unforeseen escalations in the Middle East and new US tariffs.

The Philippine economic team slashed its growth forecasts for this year and the next three years, citing heightened global uncertainties such as the escalation of tensions in the Middle East and the ...

The economic team of the Marcos administration has turned less optimistic on the country’s growth prospects, slashing its growth assumption to as low as 5.5 percent this year amid the ...

In Burnet County, clean-up efforts continue after the deadly flash flooding. Officials say five people have died and a Marble Falls fire chief is still missing.

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The Marcos administration’s economic team, sitting as the Development Budget Coordination Committee (DBCC), has set the state expenditure’s plan for next year at P6.793 trillion.

MANILA, Philippines - Headwinds coming from the US tariffs and the war in the Middle East prompted the Marcos administration to temper its growth ambition, highlighting the growing challenges for an ...