Tag: gov’t
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Sen. Robin Appeals to Gov’t for Less Restrictive Treatment of Refugees
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Sen. Robinhood “Robin” C. Padilla on Thursday appealed to the government to adopt a less restrictive treatment of refugees and stateless persons, especially those displaced by armed conflict, violence, persecution and insecurity. Padilla made the appeal in a message of solidarity at the culminating activity of the 10-year implementation of…
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Gov’t to consider new taxes if revenue collection falls short — Recto
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THE GOVERNMENT will only consider introducing new taxes if revenue collection falls short of target, the Department of Finance (DoF) said. “It’s easy to pass a tax law. It’s easy to do a tabletop revenue estimate. What’s always harder is implementing the law and collecting the tax,” Finance Secretary Ralph…
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Gov’t looking to raise $500 million from Samurai bonds
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THE PHILIPPINE government is eyeing to raise about $500 million (P29.22 billion) from an offering of Japanese yen-dominated bonds within the year, Finance Secretary Ralph G. Recto said on Tuesday.
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Gov’t allots P1.28-T for infrastructure in 2025
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THE NATIONAL Government (NG) is expected to spend P1.28 trillion on infrastructure and capital outlays next year, the Department of Budget and Management said. Under next year’s Budget of Expenditures and Sources of Financing, infrastructure and other capital outlays are expected to jump by 3.04% from P1.24 trillion this year.…
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Gov’t urged to look for new sources of revenue
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THE NATIONAL GOVERNMENT (NG) should look for new sources of revenues and improve tax administration, as it seeks to reduce dependence on borrowings to fund the national budget, lawmakers and analysts said over the weekend.
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DoE seeks PSALM extension to prevent P300-B liability for gov’t
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THE DEPARTMENT of Energy (DoE) said the corporate life of Power Sector Assets and Liabilities Management Corp. (PSALM) should be extended to prevent the government from assuming P300 billion in liabilities. Energy Secretary Raphael P.M. Lotilla said that the government initially expected it would take 25 years to complete the…
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Gov’t urged to prepare for expected surge in rice imports
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THE MARCOS ADMINISTRATION should ensure that the lower tariffs on imported rice will not result in a further decline in rice self-sufficiency, the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said. In a letter to President Ferdinand R. Marcos, Jr., PCAFI President Danilo V. Fausto aired the group’s “grave…
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Gov’t urged to boost education spending as students fare badly in latest PISA study
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THE PHILIPPINE government should boost spending on its public education system, arts and technology, as well as improve on-the-job training programs for students after a global study found Filipino students among the worst in the world in creative thinking, according to economists and education experts.
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PHL gov’t should consider raising taxes, analysts say
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THE GOVERNMENT should consider raising taxes in order to ramp up revenues and meet its fiscal consolidation targets, analysts said.
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Gov’t mulls sale of stake in SCTEx
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THE DEPARTMENT of Finance (DoF) is looking to sell the government’s stake in the Subic-Clark-Tarlac Expressway (SCTEx), possibly to state pension funds, in order to boost revenues, Finance Secretary Ralph G. Recto said. “We’re looking at selling those shares. Maybe the Social Security System (SSS) and Government Service Insurance System…