Latest Breaking News On - Inance secretary carlosg dominguez iii said the proposed fiscal consolidation and resource mobilization plan is aimed at helping new administration quot hit ground running take advantage of momentum created by duterte over last six years under proposal - Page 1 : comparemela.com

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

Valery brionCarlosg dominguezDepartment of financeBureau of the treasury btrFinance secretary carlosTax reformValue added taxMotor vehicle user chargeUndersecretary valery brionFinance secretary carlosg dominguez iii photo from dof manila the department of has prepareda proposed fiscal consolidation program for incoming administrationIting the need to increase revenues pay for pandemic related spending starting 2023 and sustain economic growth ina briefing on wednesdayInance secretary carlosg dominguez iii said the proposed fiscal consolidation and resource mobilization plan is aimed at helping new administration quot hit ground running take advantage of momentum created by duterte over last six years under proposalHe government needs to raise revenuesImprove tax administrationNd cut unnecessary spending with fiscal reforms it entails three packagesHe first one of which is for implementation in 2023 and the next two are years among proposals under package area three year deferment personal income tax reduction reform acceleration inclusion train law starting