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                    [Title] => DBCC okays spending cuts
                    [Summary] => Rising debt service cost has forced the Development Budget Coordinating Committee (DBCC) to implement even deeper cuts in government spending in an attempt to prevent a deficit blow-out. 


Budget Secretary Emilia Boncodin said yesterday that based on early indications, there would be a significant increase in interest payments because of rising interest rates. 


Since the budget allocation for debt service will end up eating more than expected for 2004, Boncodin said there was a need to implement even more cuts in government spending for the rest of the year. 


                    [DatePublished] => 2004-05-28 00:00:00
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                    [AuthorName] =>  Des  Ferriols
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                    [Title] => Guingona deplores use of IMF to push GMA poll bid
                    [Summary] => Vice President Teofisto Guingona Jr. chided Finance Secretary Juanita Amatong and Budget Secretary Emilia Boncodin yesterday for invoking the name of the International Monetary Fund (IMF) in what he claimed was an obvious bid to push for President Arroyo’s election in May.


Guingona could not conceal his displeasure over the statements of Amatong and Boncodin who warned Friday that the IMF was worried  about  risks of reversals in the country’s economic policies in the event Mrs. Arroyo will not win in May.


                    [DatePublished] => 2004-03-02 00:00:00
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                    [AuthorID] => 1732629
                    [AuthorName] => Sammy Santos
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                    [Title] => IMF airs concern over Congress’ failure to pass revenue measures
                    [Summary] => The International Monetary Fund (IMF) has expressed concern over the sustainability of the government’s fiscal management program.
                    [DatePublished] => 2004-02-26 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
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AMATONG AND BONCODIN

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                    [Title] => DBCC okays spending cuts
                    [Summary] => Rising debt service cost has forced the Development Budget Coordinating Committee (DBCC) to implement even deeper cuts in government spending in an attempt to prevent a deficit blow-out. 


Budget Secretary Emilia Boncodin said yesterday that based on early indications, there would be a significant increase in interest payments because of rising interest rates. 


Since the budget allocation for debt service will end up eating more than expected for 2004, Boncodin said there was a need to implement even more cuts in government spending for the rest of the year. 


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                    [ArticleID] => 240991
                    [Title] => Guingona deplores use of IMF to push GMA poll bid
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Guingona could not conceal his displeasure over the statements of Amatong and Boncodin who warned Friday that the IMF was worried  about  risks of reversals in the country’s economic policies in the event Mrs. Arroyo will not win in May.


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                    [Title] => IMF airs concern over Congress’ failure to pass revenue measures
                    [Summary] => The International Monetary Fund (IMF) has expressed concern over the sustainability of the government’s fiscal management program.
                    [DatePublished] => 2004-02-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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abtest

DBCC okays spending cuts

By Des Ferriols | May 28, 2004 - 12:00am

Rising debt service cost has forced the Development Budget Coordinating Committee (DBCC) to implement even deeper cuts in government spending in an attempt to prevent a deficit blow-out. Budget Secretary Emilia...

Business

Guingona deplores use of IMF to push GMA poll bid

By Sammy Santos | March 2, 2004 - 12:00am

Vice President Teofisto Guingona Jr. chided Finance Secretary Juanita Amatong and Budget Secretary Emilia Boncodin yesterday for invoking the name of the International Monetary Fund (IMF) in what he claimed was an...

Business

IMF airs concern over Congress’ failure to pass revenue measures

By Des Ferriols | February 26, 2004 - 12:00am

The International Monetary Fund (IMF) has expressed concern over the sustainability of the government’s fiscal management program.

Business