THE closure and suspension of 28 mine sites across the country will cost 17 affected cities and municipalities in 10 provinces more than P821 million annually in foregone revenues, the Department of Finance (DoF) said on Monday.
Earlier, Finance Secretary Carlos Dominguez 3rd directed local treasurers to submit their respective reports on how the Department of Environment and Natural Resources (DENR) directives could impact on revenues of host local government units (LGU).
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