2 weeks Gov’t may still borrow less in 2020—Dominguez MB |Biz
The Duterte administration may borrow less than programmed for the rest of the year should the government’s two main tax agencies continue to exceed their downscaled collection targets, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) While the Bureau of Internal Revenue (BIR) and Bureau of Customs were about 12 percent below their collections last year as of August, Finance Secretary Carlos G. Dominguez III noted that the two agencies have recently shown “positive developments.” Data from the DOF showed the BIR and Customs have raised P1.527 trillion in January ... more