department of finance

department of finance

Dominguez: Reducing poverty via high growth is Duterte admin’s paramount concern

Finance news
Economy
Washington DC — Finance Secretary Carlos Dominguez III said Thursday (Manila time) here that securing a credit rating upgrade is only secondary to the Duterte administration’s “paramount concern” of pursuing its ...
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4 out of 5 taxpayers to benefit from DOF tax plan

Finance news
News
Close to 4.7 million taxpayers who earn P250,000 or less per year will no longer have to pay personal income taxes by 2018 under Package One of the comprehensive tax ...
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PHL can ride out global financial market volatility: DOF

Finance news
Economy
The Philippines can ride out the current volatility of financial markets as the US Federal Reserve moves closer to normalization, the Department of Finance (DOF) said. In its ...
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Peso remains very strong: DOF

Finance news
Economy
September 28, 2016 — The Department of Finance (DOF) today said the Philippine peso “remains very strong” in real terms and that the current movement of the local ...
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P21.3-B DOF budget endorsed for House approval

Finance news
Economy
The House committee on appropriations has endorsed for congressional approval the P21.3-billion budget of the Department of Finance (DOF) and its attached agencies for 2017, which, according to ...
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Confidence in sustained PHL high growth remains strong: DOF

Finance news
Economy
The latest positive developments reflecting the bullish outlook of investors, international institutions, and foreign governments on the Philippine economy are telling marks that beyond the political noise, confidence ...
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General gov’t debt declines 35.4% in end-June

Finance news
Economy
General government (GG) debt relative to the country’s whole economy further declined to 35.4 percent even as the nominal level of debt increased to almost P4.9 trillion in ...
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Tax plan is linchpin of Duterte’s broader reform program: Dominguez

Finance news
Economy
The slew of tax reforms that the Department of Finance (DOF) is submitting to the Congress for its approval is the linchpin of a broader reform package envisioned ...
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Low tax efficiency requires reforms: DOF

Economy
SEPTEMBER 9, 2016 — The Department of Finance (DOF) today said the Philippines’ low tax-efficiency rate compared with those of other Southeast Asian economies highlights the need to reconfigure its ...
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Dominguez says PHL in ‘better shape’ now to borrow money for accelerated spending on infrastructure, human capital

Finance news
Economy News
The Philippines’ lower debt-to-GDP ratio compared to the previous years places it in “better shape” to borrow funds that would bankroll its accelerated spending on infrastructure, human capital ...
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