27.5 C
Friday, April 10, 2020
Home News Latest Stories Govt targets over P4T in revenues by 2022

Govt targets over P4T in revenues by 2022


THE government seeks to raise over P4 trillion in revenues by the end of the Duterte administration in 2022 as it accounted for the expected collections from the comprehensive tax reform packages.

A Development Budget Coordination Committee’s (DBCC) medium-term program obtained by reporters showed that the  inter-agency body expected the government’s total revenues to rise by 10.5 percent or P3.149 trillion this year.

Revenues in 2020 are seen to increase by 12.3 percent to P3.536 trillion, 11.8 percent to P3.953 trillion by 2021, and 11.7 percent to P4.416 trillion by 2022.

Revenues are seen to be sourced from Package 1A or the Tax Reform for Acceleration and Inclusion or Train Law, the fuel marking program, Package 1B, and Package 2 Plus. MAYVELIN U. CARABALLO 


‘Libingan’ burial for fallen frontliners: Lawmaker

A party-list representative has sought for state honors and burial at the Libingan ng mga Bayani (Heroes Cemetery) for Coronavirus disease 2019 frontliners who...

Lawmaker appeals Caraga coronavirus testing facility

A lawmaker is pushing for the establishment of a coronavirus disease (Covid-19) testing facility in the Caraga Region to help assess and address the...

Taiwan demands apology from WHO chief over virus ‘slander’

Taiwan demanded an apology from the World Health Organization (WHO) chief on Thursday after he accused the island's government of leading personal attacks against...

Young army officer dies of suspected Covid symptoms

A Junior army officer has died after experiencing symptoms of the coronavirus disease (Covid-19), with his test results yet to be confirmed. Brig. Gen. Edgard...

As outbreaks flatten in places, Japan, India see more cases

NEW YORK: Coronavirus infections are spiking in Japan and creating hot spots in India's congested cities just as the US and some of the...

Today's Front Page