The Health Sector Reform Agenda Support Programme (HSRASP), implemented jointly by the Department of Finance (DoF) through the Municipal Development Fund Office (MDFO) and Department of Health (DoH), and with funding from the Kreditanstalt fur Weiderafbau (KfW) has a total allocation of Euro 1.17 Million Performance Based Grant (PBG). This will be distributed to twelve (12) LGUs that have availed of financing from the HSRASP.On 18 May 2012, the DOF, through National Treasurer Roberto B. Tan (Treasurer of the Philippines and Chairman MDFO-Policy Governing Board), Director Maylene M. Beltran (Director IV, Bureau of International Health Cooperation-DOH), and Ms. Olga Caday-Asaña (KfW) has entitled five (5) Local Government Units (LGUs) with a Performance Based Grant from the Health Sector Reform Agenda Support Programme (HSRASP) with a total of Euro 115,079.54 Performance Based Grant (PBG). Said LGUs that have been given with PBG entitlement are the following with their corresponding amount of grant: Gamu, Isabela (Euro 12,129.27), Casiguran, Sorsogon (Euro 9,289.79), Solano, Nueva Vizcaya ( Euro 19,685.04), San Mariano, Isabela (Euro 45,844.20), and Luna, Isabela (28,131.24). The 30% of the grant has already been awarded to the LGUs during the signing of the Tripartite Memorandum of Agreement (MOA) as a result of their compliance with Health Indicators of the DoH and Governance Condition requirements set forth in the Performance Based Incentive Policy (PBIP). The remaining 70% of the grant entitled to the LGUs shall be given on the last quarter of the year (2012) after assessing the LGUs performance, based on a set of performance measures indicated in the MOA.
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against JOLINECAA CORPORATION (JOLINECAA) and its President ANECITO M. CAMPOS (CAMPOS) for their willful failure to pay deficiency taxes for taxable year 2006 despite repeated demands, in violation of Section 255, in relation to Sections 253 (d) and 256, of the National Internal Revenue Code of 1997, as amended (Tax Code).
Read MoreTHE AQUINO administration recorded a budget surplus in April due to continued double-digit growth in revenue collections more than enough to support an accelerated spending, government data showed.
Read More16 May 2012, Manila, Philippines: The National Government posted fiscal surplus of P31.024 billion for the month of April, the highest recorded ever. The January to April fiscal deficit of the National Government was registered at P2.885 billion.
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