The Department of Finance (DOF) has reiterated its position that the revenue generation and health promotion objectives of the proposed sin tax reform bill are not mutually exclusive, as both goals are part of the broader government agenda of cutting the massive costs of alcohol abuse and e-cigarette consumption, and improving the lives of Filipinos.
Read MoreFinance Secretary Carlos G. Dominguez and World Bank Country Director Mara Warwick signed Thursday (Nov. 28) the loan agreement for the Second Social Welfare Development And Reform Program, which will provide additional financing for the Pantawid Pamilyang Pilipino Program (4Ps). This additional financing from World Bank worth USD 300 million will continue to support the delivery of conditional cash transfers to millions of beneficiaries until 2022. It will also further improve the project’s implementation performance, monitoring and evaluation procedures; and upgrade key dimensions of the 4Ps’ program management.
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