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The Department of Budget and Management (DBM; Filipino: Kagawaran ng Badyet at Pamamahala) [1] is an executive body under the Office of the President of the Philippines.It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [ 31 ] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
www.neda.gov.ph. The National Economic and Development Authority (NEDA; Filipino: Pambansang Pangasiwaan sa Kabuhayan at Pagpapaunlad) is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the president of the Philippines as chairman of the NEDA board, with the ...
Minister of Budget and Management: 1 Jaime C. Laya: June 12, 1978 January 12, 1981 Ferdinand Marcos [2] 2 Manuel Alba: January 25, 1981 February 25, 1986 3 Alberto Romulo: February 25, 1986 March 8, 1987 Corazon Aquino: Secretary of Budget and Management: 4 Guillermo Carague: March 13, 1987 February 12, 1992 Corazon Aquino [3] 5 Salvador ...
Likewise, the 400,000-piece Philippine Revolutionary Papers (PRP), also known as the Philippine Insurgent Records (PIR), were returned by the United States in 1957. [2] After many moves throughout its history, the National Library finally moved to its present location on June 19, 1961, in commemoration of the 100th birthday of José Rizal. [5]