Finance Secretary Carlos G. Dominguez III (Photo from DOF) MANILA - The Department of Finance (DOF) has prepared a proposed fiscal consolidation program for the incoming administration, citing the need to increase revenues to pay for pandemic-related spending starting 2023 and sustain economic growth. In a briefing on Wednesday, Finance Secretary Carlos G. Dominguez III said the proposed fiscal consolidation and resource mobilization plan is aimed at helping the new administration "hit the ground running and take advantage of the momentum created by the Duterte administration over the last six years." Under the proposal, the government needs to raise revenues, improve tax administration, and cut unnecessary spending with fiscal reforms. It entails three packages, the first one of which is for implementation in 2023 and the next two are for implementation in the next two years. Among the proposals under the first package are a three-year deferment of the personal income tax re