Finance Secretary Carlos Dominguez III said the country’s growth momentum remains on track despite President Duterte’s declaration of martial law in Mindanao on Tuesday night to quickly and decisively contain the threats of lawless elements in a limited area distant from the island’s major business centers.
Read MoreSome 160 netizens have gone online to express their support for the speedy congressional approval of the proposed Tax Reform for Acceleration and Inclusion (TRAIN) bill that aims to lower personal income tax (PIT) rates and institute other reforms in the current tax system to make it fairer, simpler and more efficient.
Read MoreThe country’s key fiscal indictors improved in the first three months of the year as the rise in state tax collections continued to outpace growth, while the national government’s budget gap and outstanding debt remained very well managed.
Read MoreThe Social Security Commission (SSC) has given its full backing to the Comprehensive Tax Reform Program (CTRP) package that the Department of Finance (DOF) wants the Congress to approve to make the country’s taxation simpler, fairer and more efficient, especially for the poor and middle-income Filipinos.
Read MoreQuicker economic growth sets the stage for wider fiscal space through greater investments in infrastructure, conditional cash transfer (CCT) and micro-lending programs, which, in turn, accelerate poverty reduction and spell financial inclusion, according to a Department of Finance (DOF) study.
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