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  • FF2021-78: Revenue Performance: January to September 2021
    Total national government (NG) revenues in January to September 2021 grew by 4.4% – from P2.14 trillion in 2020 to P2.24 trillion. Compared with the pre-COVID pandemic (2019) figures, total NG revenues were still lower by P90.8 billion or 3.9%.
  • FF2021-77: State of Social Protection in the ASEAN
    The International Labour Organization’s (ILO) flagship World Social Protection Report 2020-22 stressed the value of investing in social protection (SP) systems and SP’s inclusion in the COVID-19 pandemic recovery and rebuilding strategies. The report presented the situation in terms of SP coverage of broad population groups (e.g. children, mothers, elders), sectors (labor, health), and financing (level of expenditure).
  • PB2021-10: Modernizing Vat in the Digital Economy
    The digital economy is a broad range of economic activities that uses digitized information and knowledge as key factors of production that result in billions of everyday online connections. With the rise of the digital economy, taxation of intangibles has become a big challenge to policymakers and tax administrators. Among these challenges are tax revenue loss due to difficulty in tracing physical transactions at the border, missing taxable matters, creating competitive pressure on domestic suppliers, exemptions for imports of low valued goods, and unilateral taxing measures. These underlying challenges surfaced even more amid the strict enforcement of quarantine and lockdown measures due to the COVID-19 pandemic, forcing many firms and businesses to adopt new business models to cope with losses.
  • FF2021-76: Financial Risk Overview of Government-Owned and Controlled Corporations
    Government-owned and controlled corporations (GOCCs) receive budgetary support from the national government (NG) in the form of subsidies, equity, and net lending (for the servicing of corporate debts). The extent to which NG injects funds to GOCCs or how much the latter contribute to NG coffers through dividends would depend on the financial condition of the corporations. 
  • FF2021-75: INTELLECTUAL PROPERTY PROFILE OF THE PHILIPPINES
    According to the Intellectual Property Office of the Philippines, Intellectual Property (IP) refers to “creations of the mind, such as inventions (patents/utility model), a design (industrial design), a brand name (trademark) or literary and artistic works (copyright), symbols, names and images used in commerce.” It is protected in law which enable people to earn recognition or financial benefit from what they invent or create. 
  • FF2021-74: The Philippines and ASEAN MCs' Performance in the Rule of Law Index, 2021
    Effective rule of law combats poverty and disease, reduces corruption, and protects people from injustices (WJP 2021). The World Justice Project (WJP) Rule of Law Index (ROLI) 2021 presents a portrait of the rule of law in 139 countries worldwide (from 113 in 2016) by providing scores and rankings based on eight ROLI factors (Tables 3-6). The scores range from 0 to 1, with 1 indicating the country’s strongest adherence to the rule of law. Based on scores, countries are ranked: rank 1 represents the top adhering country. The Philippine Development Plan 2017-2022 (Chapter 6) targets improved/enhanced outcomes for the three ROLI factors by the plan’s end next year (2022): Fundamental Rights and Criminal Justice factors to move up to the upper 25 percentile; and Civil Justice factor to the upper 20 percentile. 
  • FF2021-73: NG CASH EXPENDITURES: SEPTEMBER 2021 UPDATE
    National Government (NG) cash expenditures for the period January-September 2021 increased to P3.4 trillion, but at a slower growth rate of 11.7% (Table 1). Expenditure-to-GDP (as of the 3rd quarter) grew by 1.5 percentage points to 25.3% from the same period in 2020. Note that NG spending in 2019 was only at 18.6% of a much higher GDP before the pandemic. Although revenue increased by 4.4% in 2021 after a steep decline in 2020, the deficit-to-GDP ratio still rose to 8.5% from 6.9%. 
  • FF2021-72: Third Quarter 2021 Philippine Economic Performance
    The Philippine economy posted a 7.1% year-on-year (Y-o-Y) growth in its Gross Domestic Product (GDP) for the third quarter of 2021, as reported by the Philippine Statistics Authority (PSA). Similarly, quarter-on-quarter (Q-o-Q) comparison shows a 3.8% rebound from the second quarter of 2021, a reversal from the quarterly deceleration since the third quarter of 2020. 
  • PB2021-09: Nature-Based Policies towards Green Recovery: Mitigating the Impacts of Climate Change and Future Disease Outbreaks
    Despite the enactment of environmental laws and policies, deforestation, pollution, and the severity of weather-related events in the Philippines have worsened over the years. The situation is compounded by the ongoing COVID-19 pandemic which led to the increasing generation of medical wastes in the country. While the government is struggling to address the challenges brought about by degradation, climate change and the pandemic, this can be an opportunity for the Philippines to build back better through a green recovery pathway.
  • FF2021-71: Education Performance of ASEAN Member States
    In the 2020 Human Development Index (HDI) of the United Nations Development Program (UNDP), the Philippines ranked 107th out of the 189 UN-member states included in the report. The HDI measures key dimensions of human development which include the following: 1) a long and healthy life; 2) access to education; and 3) a decent standard of living. 
  • FF2021-70: Philippine Performance in the 2021 IMD World Digital Competitiveness Ranking
    Developed by the Swiss-based International Institute for Management Development (IMD), the World Digital Competitiveness (WDC) ranking assesses an economy’s capacity to adopt and explore digital technologies that provide value-creating solutions in the long-term, leading to transformation of government practices, business models, and society. The 2021 WDC now covers 64 economies with the recent inclusion of Botswana. 
  • FF2021-69: Manufacturing Sector Performance
    According to the Philippine Statistics Authority (PSA), production of the manufacturing sector rose for the fifth straight month in August 2021 as many firms that produce essential goods continue to operate despite the community lockdowns implemented in Metro Manila. 
  • FF2021-68: 2020 Human Capital Index Select ASEAN Member States
    The World Bank defines Human Capital Index (HCI) as a measurement of the human capital that a child born today can expect to acquire by age 18, given the risks of poor health and poor education that prevail in the country where the child lives. The HCI ranges from 0 to 1 where a score of 0.5 implies that the future productivity of a child born today will be only half as productive as he/she would be if full health and complete education were attained. The index can also be related to the future income of countries. A score of 0.5 indicates that the future GDP per worker could be twice as hig. 
  • FF2021-67: Official Development Assistance: 2020 Update
    Republic Act 8182 defines the Official Development Assistance (ODA) as loans and grants contracted with foreign governments and international or multilateral lending institutions to promote sustainable social and economic development for the country. NEDA is mandated by the law to prepare and submit an annual review of the status and performance of all programs and projects financed by ODA. 
  • FF2021-66: Tax Revenue Performance in ASEAN-5
    The Revenue Statistics in Asia and the Pacific 2021 (OECD, July 2021) presents comparable data on tax revenues across the 24 Asian and Pacific economies. The report provides key tax indicators that track progress of domestic resources mobilization of these economies. The revenue database also presents detailed information on tax revenues broken down by major tax type by level of government. 
  • FF2021-65: LGU Financial Performance, CY 2019
    Section 5 of the Duterte Administration’s executive order (EO) 138 signed on June 1, 2021 provides that local government units (LGUs) shall be primarily and ultimately responsible and accountable for the provision of all basic services and facilities fully devolved to them in accordance with the standards for service delivery to be prescribed by the national government (NG). The 2022 National Expenditure Program (NEP) proposed a growth equity fund (GEF) to address issues on marginalization, unequal development, high poverty incidence, and disparities in the net fiscal capacities of LGUs, and to cover the funding requirements of programs, projects, and activities of poor, disadvantaged and lagging LGUs to gradually enable the full and efficient implementation of the functions and services devolved to them. 
  • FF2021-64: Electric Vehicles (EVs)
    Governments around the world aim to promote energy efficiency by reducing dependence on fossil fuels to protect not only the environment but also the industry stakeholders that are affected by the fluctuations in the price of imported fuels. An initiative in the transport sector is the adoption of electric vehicles (EVs) which gained attention globally as an alternative technology that lessens fuel usage and combustion emissions. 
  • FF2021-63: Family Planning Services during the Pandemic
    A 2020 pulse survey by the World Health Organization on the continuity of health services during the pandemic revealed the disruption in essential health services delivery, including for family planning.(FP) In the Philippines, the Department of Health reported that social distancing, mobility restrictions, and the fear of traveling to health facilities could negatively impact the client’s accessibility to FP information and services. These measures could have also affected the supply chain of FP supplies from the central office to the regional facilities. 
  • FF2021-62: The Philippines and AMS' Performance in the Worldwide Governance Indicators, September 2021
    Chapter 5 of the Philippine Development Plan (PDP) 2017-2022 targets to ensure people-centered, clean, efficient, and effective governance. By the end of the plan next year (2022), a national governance index (NGI) is envisioned to be fully developed and functional to address the call for a more context-sensitive indicator. To realize this goal, the PDP targets to improve the following governance dimensions in the Worldwide Governance Indicators (WGI): Control of Corruption (from baseline of 42% to PDP target of 50%); Regulatory Quality (from 53% to 60%); Government Effectiveness (from 58% to 62%); and Voice and Accountability (52% to 60%). The September 2021 WGI report revealed that as of last year (2020), actual percentile rankings for these dimensions are still below the desired PDP outcomes. 
  • FF2021-61: Covid-19 Resilience Ranking of Largest Economies, As of September 2021
    The world experienced the COVID-19 pandemic at the midterm of implementation of the Philippine Development Plan (PDP) 2017-2022. The PDP strategic framework was updated to align it with the imperatives for recovery and the new and better normal within the overall goal of a healthy and resilient Philippines. The COVID-19 Resilience Ranking is a snapshot of where the virus is being handled the most effectively with the least social and economic upheaval, compiled using 12 data indicators that span virus containment, quality of healthcare, vaccination coverage, overall mortality and progress toward restarting travel and easing border curbs. The Ranking captures which of the world’s biggest 53 economies (i. e., valued at more than $200 billion) are responding better (blue mark) and worse (orange mark) to the same once-in-a generation threat. 
  • FF2021-60: Investment Tax Expenditures 2018-2020
    As defined in Republic Act (RA) 10708 or the “Tax Incentives Management and Transparency Act” (TIMTA), tax incentives (which are also considered as investment tax expenditures) refer to fiscal incentives such as those which come in the form of income tax holiday (ITH) and special income tax rate, exemptions such as on imports (i.e., customs duty and VAT exemptions), deductions, credits or exclusions from the tax base to registered business entities. Registered members of the Cooperative Development Authority (CDA) also enjoy incentives on income tax, local VAT and percentage tax as provided under RA 6938, as amended by RA 9520 or “The Philippine Cooperative Code”. 
  • FF2021-59: Philippines’ Performance in the 2021 Global Innovation Index
    The Global Innovation Index (GII) is a yearly report published by the World Intellectual Property Organization (WIPO) in partnership with the Portulans Institute. The GII presents a muster of metrics to measure a country’s innovative capacity and assist decision-makers in government, business, and other sectors in making informed policies that would create a conducive environment for innovation. 
  • FF2021-58: Defying the Odds: Overseas Filipino Remittances in 2020 and 2021
    The pandemic has not hindered migrant workers and overseas Filipinos from sending in remittances to their families in the Philippines. The year-on-year declines in March-May and August of 2020 were compensated by higher remittances in the succeeding months. Initial projections (ADB 2020, JICA/CEPR Press 2020) of 20%-32% reductions in 2020 did not materialize, with the actual decline recorded at only 0.8% based on Bangko Sentral ng Pilipinas data. 
  • FF2021-57: Global Ranking on Ecosystem Services, Fisheries, And Water Resources
    The Ecosystem Vitality policy objective of the 2020 Environmental Performance Index (EPI)1 by the Yale Center for Environmental Law & Policy measures how well countries are preserving, protecting, and enhancing their ecosystems. Ecosystem Services, Fisheries, and Water Resources are three of the seven issue categories under this objective. 
  • FF2021-56: Philippine Performance in the 2021 FM Global Resilience Index
    The 2021 FM Global Resilience Index (GRI) is a tool designed to identify potential business vulnerabilities and opportunities across 130 countries and territories, based on condensed economic, supply chain, and risk quality data. Developed by the US-based multinational property insurance company, Factory Mutual (FM) Insurance Company, GRI measures are sourced from international organizations such as the United Nations, World Economic Forum, World Bank and the International Monetary Fund, and the firm’s internally collected data over the years based on conducted assessment across the globe. 
  • FF2021-55: Personnel Complement of the National Government
    The Philippine bureaucracy, which is composed of civilian and military/uniformed personnel (MUP), has grown over the years. The total number of permanent positions in the National Government (NG) has increased from 1,260,555 in 2011 to 1,878,974 in 2020. Civilian personnel comprise 76.2% (1.4 million) of the total in 2020, while MUP account for the remaining 23.8% (447,763). On average (2011-2020), total NG positions grew at 4.6% annually. Note that it was only in 2020 that the total positions slightly declined due to a decrease of 23,286 in total civilian personnel positions.
  • FF2021-54: Employment Situation July 2021
    The country posted a 6.9% unemployment rate in July 2021, the lowest since the global pandemic in early 2020, according to the July 2021 Labor Force Survey (LFS) report of the Philippine Statistics Authority (PSA). This translated to about 3.1 million unemployed Filipinos aged 15 years and older.
  • ABN2021-28: NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY FY2022
    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.  
  • BB2021-06: ANALYSIS OF THE REGIONAL ALLOCATION OF THE FY 2022 NATIONAL BUDGET
    The 2022 National Budget which is the last full-year budget crafted by the Duterte Administration is crucial to ensure that it brings back the country on track and prevents any long-term scarring of the adverse effects of the COVID-19 crisis. With the implementation of the Supreme Court ruling on the Mandanas-Garcia case in 2022, LGUs will have additional resources that will enable them to carry out the functions vested upon them under the Local Government Code of 1991.
  • FF2021-53: 2020 BUDGET UTILIZATION
    The FY 2020 Statement of Appropriations, Allotments, Obligations, Disbursements and Balances (SAAODB) released by the Department of Budget and Management (DBM) reports the authorized appropriations, adjustments, total available appropriations, allotments, obligations incurred, unobligated allotments, disbursements, and utilization rates of departments and agencies of the National Government (NG).
  • ABN2021-27: DEPARTMENT OF FINANCE FY2022
    The Agency Budget Notes (ABN) on the Department of Finance 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.  
  • ABN2021-26: COMMISSION ON HUMAN RIGHTS FY2022
    The Agency Budget Notes (ABN) on the Commission on Human Rights 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.  
  • ABN2021-25: DEPARTMENT OF TRANSPORTATION FY2022
    The Agency Budget Notes (ABN) on the Department of Transportation 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.  
  • ABN2021-24: DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS FY2022
    The Agency Budget Notes (ABN) on the Department of Public Works and Highways 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.  
  • PB2021-08: Migrant Workers and Overseas Filipinos in the Face of the Pandemic and Other Global Challenges
    The COVID-19 pandemic is not the first health crisis faced by Overseas Filipinos (OFs). However, none of the other crises such as SARS, Ebola, and MERS-CoV had resulted in massive job losses, displacement, and repatriation. The ongoing health crisis has been particularly difficult and arduous for migrant workers while wide gaps in policies and implementation of laws were exposed at the expense of displaced and returning Overseas Filipino Workers (OFWs). There has been a huge drop in deployment rate in 2020. Border controls, travel restrictions, lockdowns and quarantines in many countries in the world literally shut the doors for Filipinos to work abroad.
  • ABN2021-23: DEPARTMENT OF EDUCATION FY2022
    The Agency Budget Notes (ABN) on the Department of Education 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.  
  • ABN2021-22: DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES FY2022
    The Agency Budget Notes (ABN) on the Department of Environment and Natural Resources 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.  
  • ABN2021-21: COMMISSION ON HIGHER EDUCATION FY2022
    The Agency Budget Notes (ABN) on the Commission on Higher Education and Industry 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.  
  • ABN2021-20: DEPARTMENT OF JUSTICE FY2022
    The Agency Budget Notes (ABN) on the Department of Justice 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.  
  • ABN2021-19: DEPARTMENT OF TRADE AND INDUSTRY FY2022
    The Agency Budget Notes (ABN) on the Department of Trade and Industry 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.  
  • ABN2021-18: COMMISSION ON ELECTIONS FY2022
    The Agency Budget Notes (ABN) on the Commission on Elections 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.  
  • ABN2021-17: OFFICE OF THE OMBUDSMAN FY2022
    The Agency Budget Notes (ABN) on the Office of the Ombudsman 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.  
  • ABN2021-16: DEPARTMENT OF INFORMATION AND COMMUNICATIONS TECHNOLOGY FY2022
    The Agency Budget Notes (ABN) on the Department of Information and Communications Technology 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.  
  • ABN2021-15: DEPARTMENT OF LABOR AND EMPLOYMENT FY 2022
    The Agency Budget Notes (ABN) on the Department of Labor and Employment 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.  
  • ABN2021-14: DEPARTMENT OF AGRICULTURE FY2022
    The Agency Budget Notes (ABN) on the Department of Agriculture 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.  
  • ABN2021-13: DEPARTMENT OF INTERIOR AND LOCAL GOVERNMENT FY2022
    The Agency Budget Notes (ABN) on the Department of Interior and Local Government 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.  
  • ABN2021-12: CIVIL SERVICE COMMISSION FY2022
    The Agency Budget Notes (ABN) on the Civil Service Commission 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.  
  • ABN2021-11: COMMISSION ON AUDIT FY2022
    The Agency Budget Notes (ABN) on the Commission on Audit 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.  
  • ABN2021-10: DEPARTMENT OF TOURISM FY2022
    The Agency Budget Notes (ABN) on the Department of Tourism 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.  
  • ABN2021-09: DEPARTMENT OF HUMAN SETTLEMENTS AND URBAN DEVELOPMENT FY2022
    The Agency Budget Notes (ABN) on the Department of Human Settlements and Urban Development 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.  
  • ABN2021-08: THE JUDICIARY FY2022
    The Agency Budget Notes (ABN) on The Judiciary 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.  
  • ABN2021-07: DEPARTMENT OF SCIENCE AND TECHNOLOGY FY2022
    The Agency Budget Notes (ABN) on the Department of Science and Technology 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.  
  • ABN2021-06: DEPARTMENT OF ENERGY FY2022
    The Agency Budget Notes (ABN) on the Department of Energy 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.  
  • ABN2021-05: DEPARTMENT OF HEALTH FY2022
    The Agency Budget Notes (ABN) on the Department of Health 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.  
  • ABN2021-04: Department of Social Welfare and Development FY2022
    The Agency Budget Notes (ABN) on the Department of Social Welfare and Development 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.  
  • ABN2021-03: DEPARTMENT OF NATIONAL DEFENSE FY2022
    The Agency Budget Notes (ABN) on the Department of National Defense 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.  
  • BVT2021: BUDGET COMPARISON TABLES 2021 Adjusted Spending Program 2022 Proposed Budget
    The national budget complements the government’s development agenda, with the ultimate goal of delivering a better quality of life for the people. With the COVID-19 pandemic, more is expected from the government in terms of vital socioeconomic services.
  • ABN2021-02: DEPARTMENT OF FOREIGN AFFAIRS FY2022
    The Agency Budget Notes (ABN) on the Department of Foreign Affairs 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.  
  • ABN2021-01: DEPARTMENT OF AGRARIAN REFORM FY2022
    The Agency Budget Notes (ABN) on the Department of Agrarian Reform 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.  
  • BB2021-05: BRIEFING NOTES FOR THE DBCC PRESENTATION - DIMENSIONS OF THE PROPOSED FY 2022 NATIONAL BUDGET
    The FY 2022 National Budget is crucial as the country battles on its third year the COVID-19 pandemic, and strives to restore the economy even as its recovery is threatened by surges of cases and lockdowns, and calamities. With a record-breaking contraction of 9.6% in 2020, and a rather depressed economic outlook for 2021, next year's budget should be able to strategically allocate resources to address underlying causes of uncertainties in the economy.
  • BB2021-04: BRIEFINGNOTES FOR THE DBCC PRESENTATION: THE PROPOSED FY2022 NATIONAL BUDGET AND ITS ASSUMED MACROECONOMIC PARAMETERS
    In crafting the proposed 2022 national budget, the Development and Budget Coordination Committee (DBCC) takes into account a set of macroeconomic assumptions which determines the plausibleness of the budget’s execution. This paper discusses these macroeconomic assumptions, comparing targets with the actual values of macroeconomic parameters and looking at the implications of such variables to the national budget.
  • BB2021-03: BRIEFING NOTES FOR THE DBCC PRESENTATION: THE PROPOSED FY 2022 NATIONALBUDGET AND THE MEDIUM-TERM FISCAL PROGRAM
    The proposed FY 2022 National Budget continues to provide fiscal support to COVID-19 response, as well as, the need for more robust economic recovery. Large pandemic-induced shocks have resulted to large negative output gaps, reflecting weak demand and high labor unemployment. Additional spending should be calibrated to the size of the output gap, and to focus on expenditure items, such as laboratory systems and vaccination, to address key downside risks to growth.
  • FF2021-52: Revenue Performance January to June 2021
    Total national government (NG) revenues in JanuaryJune 2021 grew slightly by 2.5% – from P1.45 trillion in 2020 to P1.49 trillion in 2021. Compared with the preCOVID pandemic (2019) figures, total NG revenues were still lower by P57.1 billion or 3.7%.
  • DP2021-02: Implications of the SC Ruling on the Mandanas - Garcia IRA Case
    The Supreme Court (SC) ruling on the Mandanas-Garcia Petition concerning the Internal Revenue Allotment (IRA) follows a long and persistent effort of local government units (LGUs) and stakeholders in demanding greater autonomy and resources from the national government (NG).
  • PB2021-07: Confronting the Philippine Housing Situation and Scanning Potential Solutions
    Addressing the ballooning housing backlog can be a part of the government’s initiatives for economic rebound during and after the pandemic. The estimated multiplier effect of every peso investment on housing can range from P1.93, P3.44, to as high as P16.61. This is because around 80 industries are involved in the construction of a single unit. However, issues on the land market, price-setting, financing, unserved segment, time-consuming processes, weaknesses of existing programs, and other institutional concerns beset the sector. Current efforts of the 18th Congress in prioritizing legislations on financing, rental subsidies, on-site or near-city resettlements, and land expropriation, try to resolve some of these problems. But much remains to be done. Ideas from local governments, Gawad Kalinga, and even some ASEAN member states, offer some insights and solutions.
  • FF2021-51: Second Quarter 2021 Philippine Economic Performance
    The Philippine Statistics Authority (PSA) reported an 11.8% year-on-year (YoY) growth in the Gross Domestic Product (GDP) for the second quarter of 2021. This is the highest quarterly GDP growth registered since 1988, but comes after the record low 17% contraction in the second quarter of 2020. Moreover, quarter-onquarter (QoQ) comparison reveals a contraction of 1.3% (Figure 1) in the second quarter of 2021 from the first quarter.
  • PB2021-06: Legislating National Land Use Policy: An Overarching Response to Sustainable Development
    This CPBRD Policy Brief delves into the current land use policies in the Philippines against the backdrop of interconnecting areas of concern and how the proposed National Land Use Act (NLUA) will address policy gaps, issues and challenges of the present structures and framework governing land use management.
  • FF2021-50: Status of Releases from NDRRMF (as of 30 June 2021)
    The National Disaster Risk Reduction and Management Fund under the FY 2021 General Appropriations Act is intended for aid, relief and rehabilitation services to areas and communities affected by calamities. Releases are made by the Department of Budget and Management upon the approval of the Office of the President and the recommendation of the NDRRM Council headed by the Secretary of National Defense.
  • CSP-60: DELVING INTO THE COUNTRY’S FUTURE OUTLOOK
    This socio-economic outlook is framed not only by the COVID-19 “black swan” but also by the recognized need to shore up the Philippines’ policy reform agenda toward sustaining and enhancing productivity and social equity. Prioritization of reforms taken in combination, in critical areas such as social protection, public health, foreign direct investments, supply chains and logistics, telecommunications/digital transformation reform and regulation, among others, can ultimately create the long-awaited architecture of resilience. This can be accomplished while building in flexibility attuned to the dynamism and unpredictability of the new environment and improving the capability to respond effectively and efficiently under the broadest range of risks and uncertainty.
  • FF2021-49: Statistics on Biodiversity and Habitat Protection
    The Ecosystem Vitality policy objective of the 2020 Environmental Performance Index (EPI)1 by the Yale Center for Environmental Law & Policy measures how well countries are preserving, protecting, and enhancing their ecosystems.
  • FF2021-48: Philippines’ Performance in the Covid-19 Resilience Ranking, 2021
    The fourth pillar of the Duterte Administration’s socioeconomic strategy against COVID-19 aimed for an economic recovery program to create jobs and sustain growth. The COVID-19 resilience ranking (Bloomberg, June 2021) measures the success of 53 largest economies (valued at more than $200 billion) in containing the COVID-19 pandemic with least amount of social and economic disruption. Bloomberg considers various datasets, indicators, and indexes produced by organizations worldwide and applies three fundamental criteria—1) how complete is the data, 2) how current is the data, and 3) who collects the data—in whittling the list down to the 12 indicators that make up the Ranking. The data indicators are aggregated through the “max-min” method and scored on a 0-100 scale with 100 indicating the best performance and zero the worst, except on some indicators when the opposite applies.
  • PB2021-05: Institutionalizing Performance Budgeting Reforms in the Philippines
    This paper examines the crucial challenges in strengthening the policy and institutional framework for performance budgeting. Considered as a sound Public Financial Management (PFM) practice, performance budgeting seeks to strengthen the government’s focus on delivering societal results (e.g., number of people lifted out of poverty) that matter most in the spending of limited government funds. These challenges including the gaps in the existing legal framework, the capacity to implement the reform, and performance measurement systems--affect the quality and utilization of performance information in budget preparation, execution, and accountability.
  • FF2021-47: PCSO Financial Statistics, 2016 - 2020
    The Philippine Charity Sweepstakes Office (PCSO) is a government-owned and controlled corporation under the direct supervision of the Office of the President. A large part of the income from corporate operations goes to the Presidential Social Fund for the delivery of health programs, medical assistance and services, and other charities and the Prize Fund for the payment of prizes.
  • FF2021-46: Traffic Congestion in Metro Manila
    Latest data from TomTom Traffic Index showed that Metro Manila’s annual traffic congestion significantly dropped to 53 percent in 2020 from 71 percent in 2019. This means that a 30-minute trip would take 53 percent longer that it would have during baseline uncongested conditions in Metro Manila. Despite the improvement in the annual traffic congestion following the imposition of COVID-19 community lockdowns, the Philippines remains to be the fourth most congested city in the world, from second place in 2019.
  • PB2021-04: Ratifying the Regional Comprehensive Economic Partnership (RCEP) : What’s in Store for the Philippines
    As one of the signatories, the Philippines is expected to ratify the Regional Comprehensive Economic Partnership (RCEP) Agreement through Congress, specifically the Upper House or the Senate. As opinions vary on whether individual member countries stand to benefit from RCEP, there is a need to assess if the Agreement has the potential to benefit the Philippines in terms of trade and investments. This paper presents the topics included in the recently concluded RCEP Agreement, describes the economic linkages between the Philippines and its member states, examines the expected implications for the Philippines, and attempts to determine the possible steps the Philippines should take in order to maximize the gains from RCEP. Current data on Philippine trade and investments with RCEP member economies and related literature show that the Philippines will have minimal gains in being a member of the RCEP as the balance of trade with RCEP countries is expected to deteriorate and the bulk of current investments still comes from Japan and traditional non-RCEP economies such as the US and EU. However, given RCEP’s wider geographic coverage, the possibility of cumulation within RCEP if commitments to common/harmonized rules of origin for all goods traded in the region will be implemented has the potential to increase the Philippines’ trade and investments given the country’s moderately high global value chain participation, especially in medium- and high technology manufacturing sector. Maximizing the gains from RCEP, however, will depend on the country’s ability to address supply side constraints such as high administrative and compliance costs, infrastructure constraints, governance concerns, and market entry restrictions.
  • FF2021-45: Selected Health Indicators on Children in ASEAN Member States
    The 2019 United Nations Children’s Fund (UNICEF) report on the State of the World’s Children (SOWC) discusses issues involving children such as birth weight, nutrition, illnesses and immunization coverage, among others. The report noted the following health indicators on children in the Philippines: highest rate of low birth weight among ASEAN Member States (AMS); third highest percentage of pre-school children who are stunted; and lowest immunization coverage for vaccinepreventable diseases among AMS.
  • FF2021-44: Performance of the Philippines in the 2021 World Competitiveness Yearbook
    The World Competitiveness Yearbook (WCY), first published in 1989 by the International Management and Development (IMD), is a comprehensive annual report and worldwide reference point on the competitiveness of countries. It provides benchmarks and trends, as well as statistics and survey data based on extensive research. It analyzes and ranks countries according to how they manage their competencies to achieve long-term value creation.
  • PB2021-03: Moving Forward with Sustainable Forest Management: A Review of Philippine Forest Protection Policies
    The apparently massive decline in the country’s forest cover over the decades is alarming as forests provide vital ecological services and are crucial to human survival. Ideally, Philippine forest policies should promote sustainable forest management. This paper analyzes major forest policies of the country, namely Community-Based Forest Management (CBFM), National Greening Program (NGP)/Expanded NGP, National Integrated Protected Area System (NIPAS)/Expanded NIPAS, and assesses how responsive these policies are mainly in terms of helping to protect and/or enhance the country’s forest cover. The policies are studied based on relevance, effectiveness, impacts, equity, feasibility and sustainability. The reforms proposed by the author to make these policies work or succeed better are widely institutional in nature.
  • FF2021-43: Revenue Performance January to April 2021
    National government (NG) revenues in January-April 2021 grew by 3.9% -- from P950.8 billion in 2020 to P988.4 billion. Compared to pre-COVID pandemic (2019) level, NG revenue performance year-on-year (y-o-y) is behind by P8 billion.
  • FF2021-42: The Philippines’ Ranking in the 2021 Inclusive Internet Index
    The Philippines placed 68th spot (out of 120 countries) in the 2021 Inclusive Internet Index (3i). For 2018-2021, the ranking of the Philippines continuously declined from 55th to 68th. The Inclusive Internet Index (3i), commissioned by Facebook and developed by The Economist Intelligence Unit, seeks to measure the extent to which the Internet is not only accessible and affordable, but also relevant to all, allowing usage that enables positive social and economic outcomes at the individual and group levels.
  • FF2021-41: Outstanding Loans of the Philippine Banking Sector
    According to the Bangko Sentral ng Pilipinas (BSP), there are 12,870 total banks comprising the Philippine banking system (PBS) in 2019. The PBS includes universal and commercial banks, thrift banks, and rural and cooperative banks located all over the country plus their overseas offices. Universal banks make up almost half of the PBS, while the shares of other banks are as follows:
  • CN2021-01: A Look into the Banks' Compliance with the Agri-Agra Reform Credit Act of 2009
    The Agri-Agra Reform Credit Act of 2009 (Republic Act No. 10000) mandates all government and private banking institutions to allocate at least 25% of their total loanable funds for agriculture and agrarian reform beneficiaries (ARBs). Fifteen percent of the loanable funds must be allocated to the agriculture sector and the remaining 10% to ARBs.
  • FF2021-40: The Philippine Housing and Household Statistics
    The third strategic theme under the Governance Framework: Duterte Administration 2016-2022 is Permanent and Lasting Peace, reinforced by significantly improved welfare through housing, particularly for the marginalized and the impoverished. Despite the increasing demand for decent housing, the level of production as well as the budget allocation for residential projects and related services continue to be inadequate. This is partly reflected in the continuing housing backlog problem and in the increasing prices of housing units over the years.
  • FF2021-39: Sixth Ph-EITI Report
    The Philippine Extractive Industry Transparency Initiative (PH-EITI) is a multi-sectoral initiative that implements the EITI, the global standard of transparency in the mining, oil and gas industries for open and accountable governance of natural resources. PH-EITI was formally established through Executive Order (EO) No. 147, s. 2013, pursuant to EO No. 79, s. 2012.

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