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Website. www.cbo.gov. The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. [1] Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as ...
Sixth State of the Nation Address of President Rodrigo Duterte. President Rodrigo Duterte delivering his sixth and last State of the Nation Address at the Batasang Pambansa in Quezon City. Date. July 26, 2021 (2021-07-26) Duration. 2 hours and 39 minutes. Venue.
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.
The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of February 2024, the total national debt of the Philippines amounts to ₱15.18 trillion ($269.4 billion). [1]
The 18th Congress of the Philippines (Filipino: Ikalabingwalong Kongreso ng Pilipinas), composed of the Philippine Senate and House of Representatives, met from July 22, 2019, until June 1, 2022, during the last three years of Rodrigo Duterte's presidency. The convening of the 18th Congress followed the 2019 general elections, which replaced ...
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
The CBO forecast in April 2020 that the budget deficit in fiscal year 2020 would be $3.7 trillion (17.9% GDP), versus the January estimate of $1 trillion (4.6% GDP). CBO also forecast the unemployment rate would rise to 16% by Q3 2020 and remain above 10% in both 2020 and 2021. [93]
Contents. 2022 in the Philippines. 2022 in the Philippines details notable events that occurred in the Philippines in 2022. The COVID-19 pandemic, which largely defined the preceding two years (2020 and 2021), continued into 2022.