In hunt for revenue sources, DOF tapped ‘creativity’ well

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Meanwhile, to boost revenue collection without inflicting new taxes on the public, priority revenue reform measures were signed into law this year.

Recto said the move reflects lawmakers’ “wisdom” that PhilHealth has adequate resources to finance their obligations and improve benefit packages despite having no subsidies next year.

To establish a real property valuation system to empower local government units to be financially self-sufficient, RA 12001 (Real Property Valuation and Assessment Reform law, or RPVara) was enacted last June.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Government Taxes Year Finance Recto Percent Revenues Billion Rice Trillion Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 16:06:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1455 words

Reading Time: 9 minutes read

Sentences: 55 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24676019

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 15 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 16 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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