January to November Fiscal Deficit at P26.8 billion
Purisima: Prudent fiscal management keeps us in virtuous cycle
“I am pleased to note that the National Government’s budget balance in November 2014 was at a surplus of P6.8 billion, wider than the year-ago surplus of P1.0 billion. Year-to-date, the budget balance was at a deficit of P26.8 billion, well-within the program,” Finance Secretary Cesar Purisima said.
Operatives of the Bureau of Customs Intelligence Group apprehended a total of seven container vans containing various smuggled items from China at the Manila International Container Port on Tuesday (December 23). Among the items seized are at least 360 kilograms of mercury (quicksilver) worth an estimated P1.8-Million, various pain and anti-arthritis medicines, and assorted counterfeit footwear and apparel.Read More
Students joined the Department of Finance (DOF) and Bureau of Internal Revenue’s (BIR) earnest tax campaign to boost compliance and revenues by hosting an inter-university marketing competition. Participants in the finals round of the marketing tilt dubbed the Ateneo Intercollegiate Marketing Seminar (AIMS) held last 6 December 2014 bested each other in developing strategies to communicate the value of paying taxes right to the Filipino public.Read More
Revenue collections by the Bureau of Customs (BOC) continued to grow at double-digit levels even as the price of imported petroleum products tempered in November. From January to November 2014, the Bureau collected P P331.171-Billion, up 17.8% year-on-year.Read More