Tag: Public Finance
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Palace Says 2026 Budget Near Final Approval Ahead of Signing
Overview: A Budget Set for Final Approval The Marcos administration is in the final stages of reviewing this year’s Congress-ratified P6.793-trillion national budget, with a signing ceremony anticipated the day following the review. As the executive prepares to seal the plan into law, lawmakers and Cabinet members are mindful of fiscal safeguards, priority programs, and…
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Government borrowings surge 75% in November
Philippines’ November Borrowing Surge Reflects Shift Toward Domestic Financing The Philippine government’s borrowings for November 2025 surged 75% year-on-year, according to the Bureau of the Treasury (BTr). The latest data show a clear tilt toward domestic debt, signaling a preference for local funding even as foreign exchange- dependent credit remains a tool for financing the…
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Curious case of Tamil Nadu: debt numbers tell a different story
Introduction: A numbers story that needs context A recent social media post by a Congress colleague claimed that Tamil Nadu’s debt trajectory is alarming. Headlines often latch onto big numbers, but raw figures rarely tell the full fiscal story. To understand Tamil Nadu’s debt responsibly, we need to examine the components behind the numbers: what…
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Tamil Nadu’s Debt Numbers: Why Bigger Isn’t Always Worse
Unpacking the Debate: Are Tamil Nadu’s Debt Figures Truly Alarming? Several recent posts from a Congress colleague have reignited a familiar debate about Tamil Nadu’s finances. The core claim is stark: the state’s debt is rising to alarming levels. A closer look, however, suggests that big numbers can tell a misleading story if they’re not…
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Claims Window: How to Secure SkillsFuture Credits and CDC Vouchers Before They Expire
Overview: Why You Should Act Now As Singapore heads into year-end budgeting and renewals, many residents may still have unclaimed government vouchers hanging in their accounts. Two of the most common forms are SkillsFuture Credit and Community Development Council (CDC) vouchers. These programs are designed to reduce the cost of education, training, and everyday essentials,…
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P2 Million Christmas Bonus? Congress in the Spotlight as 2026 Budget Moves Forward
Overview: What’s at stake with the 2026 GAB signing As the Philippines moves toward finalizing the 2026 General Appropriations Bill (GAB), whispers have grown into headlines about a substantial Christmas bonus for members of the House of Representatives and party-list groups. Reports initially described a potential P2 million payout for each congressman as a gratuity-like…
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P2 Million Christmas Provision for Philippine Congress: Clarifying the Extra Funding
What the proposal is really about A recent briefing surrounding the 2026 General Appropriations Bill (GAB) has sparked debate across the Philippines about a rumored P2 million allocation for each of the country’s 318 lawmakers, including party-list representatives. The figure has been reported in multiple outlets as a “Christmas bonus,” a term that has raised…
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Tinubu approves write-off of $1.42bn and ₦5.57tn NNPC debt
Overview: A Bold Fiscal Move President Bola Tinubu has directed a sweeping write-off of significant debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. The decision, which covers approximately $1.42 billion and ₦5.57 trillion, marks a pivotal intervention in Nigeria’s petroleum and public finance landscape. The approval, captured in…
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Tinubu Approves Write-Off of $1.42 Billion and ₦5.57 Trillion NNPC Debt
Key Move: Tinubu Greenlights Debt Write-Off for NNPC Ltd In a landmark decision, President Bola Tinubu has approved the write-off of substantial arrears owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. The measure cancels roughly $1.42 billion and ₦5.57 trillion in outstanding debts, a development that could have wide-ranging…
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Pakistan Hits $7 Billion Sukuk Milestone in 2025, Moves Closer to 20% Shariah-Compliant Debt Target
Overview: A landmark year for Pakistan’s Islamic finance In 2025, Pakistan has achieved a landmark breakthrough in Islamic finance by issuing more than Rs2 trillion ($7 billion) worth of sukuk, the nation’s central pillar for Shariah-compliant borrowing. The development comes as Finance Adviser Khurram Schehzad highlighted that the nation is nearing its ambitious target of…