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  • BB2021-01: COVID-19 RELEASES: AN UPDATE AS OF 24 FEBRUARY 2021
    On 11 March 2020, the World Health Organization (WHO) characterized COVID-19 as a pandemic and called on all countries to take urgent and aggressive action to mitigate or prevent its spread. Republic Act (RA) 11469, also known as the “Bayanihan to Heal as One Act” or Bayanihan 1, was signed into law on 24 March 2020 as a response of the government to the COVID-19 crisis. Note that initial measures were already undertaken by the President through—(a) Presidential Proclamation No. 922 issued on 08 March 2020 declaring a State of Public Health Emergency throughout the Philippines, and (b) Presidential Proclamation No. 929 issued on 16 March 2020 imposing an Enhanced Community Quarantine (ECQ) throughout Luzon due to the continuing rise of confirmed COVID-19 cases, and the serious threat to the health, safety, security, and lives of the Filipino people.
  • FF2021-24: NG Cash Expenditures Performance, FY 2020
    National Government (NG) cash expenditures increased by 11.3% to P4.2 trillion in 2020 from P3.8 trillion in 2019. Expenditure-to-GDP ratio also went up by 4 percentage-points to 23.5% in 2020. The increase in GDP ratio can be attributed partly to lower GDP from the previous year. Higher cash expenditures coupled with lower revenue collection resulted in the doubling of deficits in 2020 to P1.4 trillion which was financed by borrowings.
  • FF2021-23: Employment Situation January 2021
    There is an estimated 3.9 million unemployed Filipinos in January 2021, which translates to an unemployment rate of 8.7% based on the Labor Force Survey Report of the Philippine Statistics Authority.
  • FF2021-22: February 2021 Inflation Report
    The Philippine Statistics Authority (PSA) defines Consumer Price Index (CPI) as an indicator of the change in the average retail prices of a predetermined fixed basket of goods and services commonly purchased by households relative to a base year. Inflation rate is derived by measuring the rate of change in the CPI between two periods.
  • FF2021-21: NG Revenue Performance FY 2020
    The national government (NG) yielded P2,856.0 billion in total revenues in fiscal year 2020, of which P2,504.4 billion were derived from tax sources and P351.5 billion from non-tax sources. As shown in Figure 1, actual tax collections exceeded the revised program of P2,205.2 by 13.6% (or an amount equivalent to P299.2 billion) but was significantly lower than the original target of P3,332.4 billion.
  • FF2021-20: World Risk Index 2020
    The Philippines ranked 9th in the world as the most affected country from extreme weather events in the 2020 World Risk Index (WRI) with a score of 20.96 (Table 1). On November 2020, Super Typhoon Goni (Rolly), the world’s most powerful tropical cyclone during the year brought torrential rains, violent winds, storm surges, and massive flooding all over Luzon. The Pacific island state of Vanuatu leads the index as the country with the highest disaster risk at 49.74.
  • FF2021-19: Outstanding Loans of the Philippine Banking Sector
    In December 2020, loans outstanding (net of reverse repurchase agreements) of the Philippine banking system declined by 1.3 percent to P10.1 trillion from P10.2 trillion in December 2019. The weak bank lending, largely a result of the pandemic, was already observed earlier in November 2020 when it fell by 0.2 percent. This was the first time that the growth in loans from the Philippine banking system contracted after more than 13 years of positive growth, according to the Bangko Sentral ng Pilipinas.
  • FF2021-18: Covid-19 Situation and Response in the ASEAN 6
    The COVID-19 pandemic heavily ravaged economies and disrupted lives. It prompted governments to impose lockdowns and health protocols to control the spread of infection. A year into the pandemic, countries continue to impose minimum health standards, and in some cases, lockdowns or some form of mobility restriction. These measures have the unintended effect of curtailing economic activity, thus, requiring governments to provide relief to individuals and support to different sectors, especially critically-affected ones.
  • FF2021-17: FY 2020 NDRRM Fund
    The FY 2020 National Disaster Risk Reduction and Management Fund (NDRRMF) is a lumpsum appropriation under Republic Act No. 11465 or the General Appropriations Act of 2020. The NDRRMF is intended for aid, relief and rehabilitation services to areas and communities affected by human-induced and natural calamities.
  • FF2021-16: Philippine Global Talent Competitiveness Ranking 2019-2020
    The Global Talent Competitiveness Index (GTCI) involves a set of policies and practices that enables a country to attract, develop, and retain the human capital that contributes to the productivity of a country. The GTCI was jointly produced by the European Institute of Business Administration (INSEAD), the Adecco Group (a multinational human resource consulting company), and Singapore’s Human Capital Leadership Institute.
  • FF2021-15: 2020 Global Connectivity Index: Performance of ASEAN Member-States
    The Global Connectivity Index (GCI) is a report published by Huawei Technologies to analyze a broad spectrum of indicators for information and communications technology (ICT) infrastructure and digital transformation. The GCI benchmarks 79 countries according to their performance in four pillars and 40 indicators that track the impact of ICT on a nation’s economy, digital competitiveness and future growth. Combined, these countries account for 95 percent of global GDP.
  • DP2021-01: Estimating the Cost of Regularizing Barangay Officials
    There are a total of 45 bills currently filed that seek to establish a Magna Carta for Barangays that will provide barangay officials with compensation at par with City/Municipal Councilors. Currently, the barangay chairperson receives a minimum rate of P1,000 per month while the barangay kagawads, secretary, treasurer, and SK chairpersons receive a minimum of P600. The proposed legislation will entitle the barangay chairpersons to compensation ranging from salary grades 24-27, depending on LGU type. Meanwhile, barangay kagawads will be given eighty percent (80%) of the salary of their barangay chairperson, and the SK chairpersons, barangay secretaries, and treasurers are set to receive seventy-five percent (75%). This paper aims to estimate the funding that the proposed measure entails.
  • FF2021-14: Philippines’ Performance in the Worldwide Governance Indicators, 2020
    The Worldwide Governance Indicators (WGI) project of the World Bank (WB) reports on the six broad dimensions of governance for over 215 countries and territories over the period 1996 to 2019. The dimensions include: 1) Voice and Accountability; 2) Political Stability and Absence of Violence; 3) Government Effectiveness; 4) Regulatory Quality; 5) Rule of Law; and 6) Control of Corruption. The Philippine Development Plan (PDP) envisions that by next year (2022), the country will have improved rankings in the global governance indices..
  • FF2021-13: NG Financing: November 2020 Update
    The National Government (NG) borrows from domestic and external sources to finance its operations and investments, given inadequate tax and non-tax revenues. Borrowings form an integral part of NG financing, especially during periods of economic distress, when a decline in economic activity leads to lower revenues. The greater role of borrowings is evident during economic contractions, such as the crisis that resulted from the COVID-19 pandemic.
  • FF2021-12: Provision of Water for Safe Drinking, Sanitation, and Hygiene in the Philippines
    The ongoing COVID-19 pandemic highlights the importance of access to adequate water for safe drinking, sanitation, and hygiene (WASH)1 in preventing diseases. For instance, the World Health Organization recommended washing hands with soap and water for at least 20 seconds to eliminate the virus effectively.
  • FF2021-11: Corruption Perception Index (CPI), 2020
    The Corruption Perceptions Index (CPI) was first launched in 1995 by the Transparency International (TI). The goal of the CPI is to provide data on extensive perceptions of corruption within countries, and to enhance understanding of levels of corruption from one country to another. The countries and territories included in the CPI report increased from 41 in 1995 to 180 in 2020.
  • FF2021-10: 2020 Philippine Economic Performance
    The Philippine economy, as measured by the gross domestic product (GDP), contracted by 8.3 percent in the fourth quarter of 2020 from a growth of 6.7 percent in the same period in 2019. For the whole of 2020, GDP shrank by 9.5 percent from an expansion of 6.0 percent in 2019. This is at the low-end of the government’s growth estimate of -8.5% to -9.5% for 2020. According to the Philippine Statistics Authority (PSA), the 9.5 percent GDP contraction in 2020 is the worst economic performance ever based on recorded data since 1945.
  • FF2021-09: GLOBAL CLIMATE RISK INDEX 2021
    The Philippines ranked 17th in the world as the most affected country from extreme weather events in the Global Climate Risk Index (CRI) 2021. The country got a score of 26.67 using 2019 data. In 2018, it ranked 2nd in the index with a score of 11.17, the lowest during the 2015-2019 period. Note that Typhoon Mangkhut (Ompong), a category 5 super typhoon and the most powerful typhoon recorded worldwide in 2018, made landfall in Cagayan province in September of that year.
  • CSP-59: A COMPENDIUM OF BRIEFS ON PRIORITY LEGISLATIVE PROPOSALS FOR THE SECOND HALF OF THE 18TH CONGRESS
    The urgent demands of policy formulation, midway into the Eighteenth Congress, involves the continuous grind of the legislative mill even as key legislation have been enacted in the first half, notably those that seek to address the COVID-19 pandemic, namely the Bayanihan to Heal as One Act (Bayanihan 1) and the Bayanihan to Recover as One Act (Bayanihan 2), among other measures likewise crucial to national development. To give research support to the remaining work of the Eighteenth Congress, the Congressional Policy and Budget Research Department (CPBRD) produced this compendium of briefs on 96 individual legislative proposals classified into four policy areas, namely economic, social development, fiscal, and governance.  Each brief presents key aspects requiring legislative intervention and the salient features of the specific legislative proposal.
  • FF2021-08: Food Security Index 2019 ASEAN Member States
    The Global Food Security Index (GFSI) by The Economist Intelligence Unit (EIU) and Corteva Agriscience considers the core issues of food affordability, availability and quality across a set of 113 countries. GFSI further assesses a country’s exposure to the impact of a changing climate, its susceptibility to natural resources risks, and how the country is adapting to these risks. Scores are categorized as weak (20.0- 39.9), moderate (40.0 - 59.9), good (60.0 - 79.9), and very good (80.0+).
  • FF2021-07: 2020 Asian Water Development Outlook: Performance of ASEAN Member States
    The Asian Water Development Outlook (AWDO) is a report published by the Asian Development Bank (ADB) and the Asia-Pacific Water Forum (APWF) which aims to assess water management and security conditions of 49 economies in the Asia-Pacific region. To measure the extent of water security, each country is assessed in the AWDO through the National Water Security Index (NWSI) representing the five stages of water security. The NWSI has a maximum value of 5 and a maximum score of 100. Each stage of the index corresponds to the total scores of a country’s five key dimensions (KDs) on water security with the most advanced stage categorized as “model” and the least advanced as “nascent.”
  • FF2021-06: The Philippines in the 2020 Network Readiness Index
    The Network Readiness Index (NRI) provides a holistic framework for assessing the multi-faceted impact of Information and Communications Technology (ICT). The NRI was developed by the World Economic Forum as part of the Global Information Technology Report (GITR) published by the Portulans Institute.
  • FF2021-05: OVERSEAS FILIPINO WORKERS PROFILE
    Prior to the onslaught of the COVID-19 pandemic, there was an estimated 2.2 million Overseas Filipino Workers (OFWs) according to the 2019 Survey on Overseas Filipinos (SOF) Report by the Philippine Statistics Authority (PSA). OFWs with existing work employment contracts, referred to as Overseas Contract Workers (OCWs), comprised 96.8% or roughly 2.1 million, while only 3.2% or about 70,000 were those without contract. A slight decrease in the number of OFWs was noted in 2019 compared to 2017 and 2018 surveys.
  • FF2021-04: Benchmarking Public-Private Partnership (PPP) Procurement
    Robust and reliable infrastructure is a key driver of economic growth and improved standards of living. While several economies rely on the government in the provision of public infrastructure to address chronic infrastructure gaps, many have also turned to public private partnerships (PPPs) to design, finance, build and operate infrastructure projects to address the government’s budgetary constraints. PPPs refer to any contractual arrangement between a public entity or authority and a private entity in the provision of a public asset or service, wherein the private entity bears significant risks and has management responsibility (World Bank, 2018).
  • FF2021-03: E-Government Development and E-Participation Indices, 2020
    The E-Government Development Index (EGDI) is a composite indicator which is used to measure the readiness and capacity of national institutions to use information and communications technologies (ICTs) to deliver public services. It is the product of a survey—the only global report that assesses the e-government development status of all United Nations Member States. It is based on the weighted average of three normalized indices: 1) telecommunications infrastructure index (TII), 2) human capital index (HCI), and 3) online service index (OSI).
  • CSP-58: FISCAL ROADMAP TO ECONOMIC RECOVERY
    Fiscal policy can play an important role in supporting robust and equitable economic growth. The COVID-19 pandemic and its economic consequences have caused potential output in many countries to decline sharply. As such, government responses should be swift, concerted and commensurate with the severity of the public health crisis, with fiscal tools taking a key role. Restoring growth is essential in mitigating fiscal challenges ahead.
  • FF2021-02: Official Development Assistance: 2019 Update
    Official Development Assistance (ODA) is an important source of development financing for the Philippines. Republic Act No. 8182 or the Official Development Assistance Act of 1996 defines ODA as a loan or grant contracted with foreign governments (with whom the country has diplomatic or trade relations) and international or multilateral lending institutions. ODA contains a grant element of at least twenty-five percent (25%) and is intended to promote sustainable social and economic development and welfare.
  • FF2021-01: Paying Taxes in ASEAN-10
    The Paying Taxes report is an annual study by the Pricewaterhouse Coopers (PWC) and the World Bank Group. The 2020 report (14th edition) presents a comparative analysis on the tax systems of 190 countries, specifically the taxes and mandatory contributions that a medium-sized company must pay in a given year as well as the administrative burden of paying taxes and complying with post-filing procedures (i.e. VAT refunds and tax audits).
  • FF2020-50: NDRRM Fund
    Section 22 of the “Philippine Disaster Risk Reduction and Management Act of 2010” (RA 10121) provides for the National Disaster Risk Reduction and Management (NDRRM) Fund. It is appropriated annually for disaster risk reduction, mitigation, prevention and preparedness activities. The Office of Civil Defense (OCD) through the National Disaster Risk Reduction and Management Council (NDRRMC) manages the Fund (NDRRMF).
  • FF2020-49: Employment Situation October 2020
    About 3.8 million Filipinos were unemployed, or an unemployment rate of 8.7% in the third quarter of 2020, was estimated by the Labor Force Survey (LFS) of the Philippine Statistical Authority (PSA). The unemployment rate improved by at least 1.3 percentage points from the 10.0% estimated in July 2020 or a decrease in the number of unemployed persons by 758,000. This figure is also the lowest since April 2020, but it is still higher than the 4.6% recorded in the 3rd quarter of 2019. The underemployment rate was also lower at 14.4% from 17.3% in July 2020.
  • DP2020-01: The Role of Fiscal Decentralization in Reducing Poverty and Inequality: Empirical Evidence using the Regional Authority Index
    Papers favoring decentralization argue that subnational governments (SNGs) are better situated than the national government to ascertain citizens’ preferences, making SNGs more responsive to local needs through poverty-alleviating and inequality-reducing initiatives, among others. Several decentralization-related measures had been filed in the 18th Congress, including those calling for constitutional change of the system of government to promote broader regional autonomy and equitable wealth distribution. This paper aims to contribute to the national discussion on the role of decentralization in reducing poverty and inequality. By using the cross-country Regional Authority Index as measure of fiscal decentralization and by employing a fixed-effects model, this paper finds a significant and inverse relationship between the decentralization and poverty, and decentralization and inequality. One key finding is the importance of SNGs in co-determining national policies, such as the distribution of national taxes. This suggests the significance of a mechanism through which SNGs are represented and take part in decisions concerning national policies.
  • FF2020-48: NG EXPENDITURE UPDATE: JANUARY-SEPTEMBER 2020
    The National Government (NG) deficit as of the third quarter of 2020 widened to P879.2 billion or almost three times higher than last year's level. Table 1 shows that on a year-on-year basis (i.e., considering only the first three quarters of the year), expenditures in 2020 grew by 15.1%, which is 9.6 percentage points higher than the growth in 2019, but still slower than the 23.6% spending growth posted in 2018. As a ratio to GDP, total expenditures amounting to P3.02 trillion is higher at 23.6% compared to about 19% in the past two years. However, this is partly due to lower than expected GDP during the height of the pandemic that also resulted in lower revenue collection.
  • FF2020-47: Pagcor Revenues and Contributions, 2015-2019
    Presidential Decree No. 1869 signed in July 1983 consolidated all laws issued in relation to the Philippine Amusement and Gaming Corporation or PAGCOR (i.e. PD 1067-A, 1067-B, 1067-C, 1399 and 1632). Under the PAGCOR charter, the corporation is mandated to: (a) regulate, operate, authorize and license games of chance, games of cards and games of numbers, particularly casino gaming; (b) generate revenues to finance the government’s socio-civic and national development programs; and (c) help promote the tourism industry.
  • FF2020-46: Third Quarter 2020 Philippine Economic Performance
    The Philippine economy, as measured by the gross domestic product (GDP), contracted by 11.5% in the third quarter of 2020 from an expansion of 6.3% in the same period in 2019 (Figure 1). While local economy continues to reel from the COVID-19 pandemic, the contraction in the third quarter is an improvement from the 16.9% decline in the second quarter of 2020. With the 10% contraction in the first three quarters of 2020, the economy needs to grow by 7.1% in the fourth quarter to meet the government’s full year target of -5.5%.
  • FF2020-45: Remittances Overseas Filipinos in August 2019-2020
    Personal remittances in August 2020, or house-tohouse transfers from overseas Filipinos (OFs) to their families, declined year-on-year by 4.1% to US$2.76 from US$2.87 billion recorded in August 2019. The cumulative remittances for the first eight months of the year totaled US$21.41 billion, a slight decrease of 2.6% from the US$ 21.99 billion recorded in the same month in 2019.
  • FF2020-44: January to September 2020 Revenue Performance
    The Cash Operations Report of the Bureau of Treasury (BTr) serves as a window to the fiscal performance of government in terms of revenue collections, expenditures, and fiscal balance (i.e. budget surplus or deficit). It also presents how the cash deficit is financed specifically through domestic and external borrowings.
  • FF2020-43: 2019 Economic Performance of the Philippine Regions
    Based on the report of the Philippine Statistics Authority (PSA) adopting 2018 as the new base year for the national income accounts, six of the 17 regions in the Philippines surpassed the 6.0% overall economic growth in 2019. The Bicol region registered the fastest growth rate at 7.4% from 6.9% in 2018. This was followed by the NCR (7.2%), Davao (7.0%), Ilocos (6.9%), Cagayan Valley (6.7%) and Western Visayas (6.4%). Except for Davao, these regions also bucked the deceleration in the growth of the overall economy. On the other hand, the regions which registered the lowest growth rates are: MIMAROPA (3.9%) and SOCCSKSARGEN (3.5%). Regional.
  • FF2020-42: Marine Plastic Pollution
    Globally, the Philippines ranked third in countries who pollute the oceans the most. Mismanaged plastic waste that is either littered or inadequately disposed usually find their way to the ocean as marine debris. In 2010, it was estimated that 1.88 million metric tons (MMT) of mismanaged plastic waste came from the Philippines with 750,000 metric tons eventually becoming plastic marine debris. China and Indonesia are the top two polluters.
  • FF2020-41: Regulatory Enforcement in Southeast Asia
    Regulatory enforcement is one of the factors measured under the Rule of Law Index (ROLI) of the World Justice Project (WJP). This particular ROLI factor examines how government regulations “are fairly and effectively implemented and enforced” in their respective territories and countries. It assesses different areas that governments continue to regulate such as consumer protection, occupational health and safety, public health, commercial transactions, among others. Each of the indicators or dimensions under this regulatory enforcement factor is scored from 0 to 1, with 1 indicating the strongest adherence to the rule of law.
  • FF2020-40: Employment Situation July 2020
    Some 4.6 million Filipinos were unemployed, or a 10.0% unemployment rate was recorded in the second quarter of 2020, according to the Labor Force Survey (LFS) of the Philippine Statistical Authority (PSA). This is lower than the record high 17.7% (7.3 million Filipinos) estimated in April 2020 when the government-imposed Enhanced Community Quarantine (ECQ) due to COVID-19 pandemic was still in effect.
  • FF2020-39: Fire Incidents and BFP Performance
    Republic Act No. 6975 created the Bureau of Fire Protection (BFP) as an attached bureau to the Department of the Interior and Local Government (DILG). BFP envisions a modern fire service fully capable of ensuring a fire-safe nation by 2034. The BFP modernization program seeks to upgrade the government’s firefighting capability to include fire protection services for buildings and structures, including forests, airports, ships and vessels docked at wharves. This is aligned with Sustainable Development Goal (SDG) No. 11 of the global indicator framework in making cities and human settlements inclusive, safe, resilient, and sustainable.
  • ABN2020-30: NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY FY 2021
    The Agency Budget Notes (ABN) on the National Economic and Development Authority contributes to the making of more informed reviews and deliberation of the proposed budget of the Agency submitted to Congress. The ABN provides budget-related information on agency plans and programs, physical accomplishments and financial management of prior year’s appropriations.  

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