Philippine economic team looking for more sources to fund Bayanihan 3

Philippine economic team looking for more sources to fund Bayanihan 3
By JON VIKTOR D. CABUENAS, GMA News
Published April 26, 2021 5:42pm
The economic cluster is exploring additional sources of revenue, with the Bayanihan to Arise As One Act currently pending in Congress.
According to Finance Secretary Carlos Dominguez III, the economic team is now in talks with Congress leaders regarding the Bayanihan 3.
"Together we are exploring additional sources of revenue to mitigate the impact of an expenditure program on our fiscal deficit," Dominguez vsaid in a virtual press conference during the Sulong Pilipinas Forum on Monday.
Dominguez said among the avenues being studies is the possibility of cutting down non-essential government expenditures, and increasing the dividend rate of government-owned and -controlled corporations (GOCCs) to 75% from 50%.

Related Keywords

Philippines , Bayanihan , Quezon City , Rodrigo Duterte , Wendel Avisado , Sulong Pilipinas Forum On , Arise As One Act , Finance Secretary Carlos Dominguez , Sulong Pilipinas Forum , Monday Budget Secretary Wendel Avisado , பிலிப்பைன்ஸ் , பயானிஹான் , கயீஸந் நகரம் , எழும் என ஒன்று நாடகம் , நிதி செயலாளர் கார்லோஸ் டமிஂகெஸ் ,