Gov’t revenue outstrips expenditures in August

The Duterte administration’s revenue collection has outstripped expenditures last August owing to prudent spending and strong tax payments, the Department of Finance (DOF) announced today. Based on the Bureau of…

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Number of indigent senior pensioners to increase under 2017 budget

The proposed P3.35 trillion national budget for 2017 of the Duterte administration will increase the number of indigent senior citizens receiving social pensions of P500 each to 2.8 million following…

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V20 countries need extra $100-B to fight climate change–Dominguez

Finance Secretary Carlos Dominguez III has lauded the Vulnerable Twenty (V20) Ministerial Dialogue for having spotlighted the plight of all countries most vulnerable to climate change, but said a lot…

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IMF supports DOF tax reform plan

An International Monetary Fund (IMF) team has given its nod to the comprehensive tax reform plan of the Department of Finance (DOF) for being “net revenue positive with due attention…

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Dominguez says PRRD fully committed to ‘inclusive growth’ agenda

Finance Secretary Carlos Dominguez III has assured foreign credit rating institutions that President Duterte remains “fully engaged” in implementing his 10-point socioeconomic agenda focused on inclusive growth, while vigorously carrying…

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