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VAT refund for foreign tourists: PH may lose over P4B in revenue annually

VAT refund for foreign tourists: PH may lose over P4B in revenue annually
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P3-T revenues within median of ASEAN peers – DOF

The Department of Finance (DOF) said the national government’s (NG) collection of some P3-trillion revenues in 2021, about 15.5 percent of gross domestic product, remained within the median average range of other countries in the Association of Southeast Asian Nations (ASEAN) region. DOF Director R

Government revenue-to-GDP ratio performance seen ranking middle of the pack within ASEAN

Government revenue-to-GDP ratio performance seen ranking middle of the pack within ASEAN
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Fiscal discipline lowers debt by P2 2 T

The Department of Finance (DOF) estimated that the national government’s debt could have been P2.2 trillion more had President Duterte supported the revenue-eroding proposals in Congress at the height of the pandemic. In a statement, Finance Chief Economist Gil S. Beltran said that total debt wo

Diokno sees no need for spending cuts - BusinessWorld Online

Diokno sees no need for spending cuts - BusinessWorld Online
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