Philippine government spending hits 65.22 billion USD in 2018
The Philippines' actual disbursements in 2018 was estimated at 3.41 trillion pesos (65.22 billion USD), Philippine Budget Secretary Benjamin Diokno said on March 6.
The Duterte administration is now carrying out its aggressive infrastructure modernisation programme. (Photo: philstar.com)
Hanoi (VNA) - The Philippines' actual disbursements in2018 was estimated at 3.41 trillion pesos (65.22 billion USD), PhilippineBudget Secretary Benjamin Diokno said on March 6.
The amount is slightlyhigher than the programmed disbursements of 3.37 trillion pesos (64.46 billionUSD), said Diokno, who was recently appointed as the governor of the Philippinecentral bank, Bangko Sentral ng Pilipinas (BSP).
This reverses 12 straight years of underspending where actual disbursements ofthe national government fell short of the programme, he said.
Spending was gone more into public infrastructure and personnel services, hesaid, adding that spending for infrastructure reached 886.2 billion pesos(16.96 billion USD), which is higher than the target of 868.6 billion pesos(16.63 billion USD) and is equivalent to 5.1 percent of the gross domesticproduct (GDP).
The Duterteadministration is now carrying out its aggressive infrastructure modernisationprogramme and reform agenda at full throttle to prop up the country's status asAsia's new economic powerhouse.
The economy expanded by6.2 percent during the year, recording 20 consecutive years of growth thatproved true its resiliency to external headwinds.-VNA
The Philippines registered a high level of economic growth in 2017 and 2018, according to Secretary of Department of Budget and Management Benjamin Diokno.
The Philippine Government is intensifying its plan to extend the national railway network from the current 77km to 1,900km in three years, which is the centre of the country’s economic development policy.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
The Duterte administration is now carrying out its aggressive infrastructure modernisation programme.
