Technology to aid economic recovery

Digital technologies will help the Philippine economy recover faster in the post-coronavirus disease 2019 pandemic crisis as it enables the government to collect more taxes for nation building, according to Finance Secretary Carlos Dominguez 3rd.

“We are supported by strong macroeconomic fundamentals, and we look forward to returning to the path of high growth when this emergency is over. The increased use of digital technologies will help us bounce back faster and stronger,” he said in a speech during the online announcement of winners for the Bureau of Internal Revenue (BIR)-led Hackatax Philippines Innovation Challenge.