The Department of Finance will begin rightsizing its bureaucracy next year “to streamline its organization and processes to maximize efficiency and use of public funds.” READ:
This is aligned with the priority measures listed by President Ferdinand Marcos Jr. during his first State of the Nation Address in July where he underscored the need to “rightsize” the government bureaucracy.
It will also target private sector fund mobilization through public-private partnership projects and will launch pioneering projects with Project Management Office -led assets such as Basay Mining Rights, Tala Estate Property, and Food Terminal Inc. property.Tax administration reforms will be implemented to enhance tax efforts, maximize the government’s revenue potential, simplify taxpayer compliance and automate the processes of the Bureau of Internal Revenue and the Bureau of Customs.
The administration also eyes $9.2-billion worth of loans from multilateral development partners, and $9.8 billion in loans from bilateral lenders in the coming year.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC files criminal complaint vs four lending companiesThe Securities and Exchange Commission (SEC) has brought Suncash Lending Investors Corp., UCash Lending Investors Corp., Suncredit.ph Finance Corp., and ECredit Finance Inc. before the Department o…
Read more »
DOTr, DOST to integrate cashless payment in transport systems nationwideMANILA, Philippines — The Department of Transportation (DOTr) and the Department of Science and Technology (DOST) signed an agreement integrating cashless payment technologies in mass
Read more »
DOTr, DOST to integrate cashless payment in transport systems nationwideThe Department of Transportation and the Department of Science and Technology signed an agreement integrating cashless payment technologies in mass transportation systems nationwide. | zacariansINQ
Read more »
DBM, DILG urged to update LGU RATA, per diem rates to boost local tourismAlbay Representative Joey Salceda on Saturday urged the Department of Budget and Management (DBM) and the Department of the Interior and Local Government (DILG) to update the rates of the daily travel allowance and the representation and transportation allowance (RATA) of local government officials to boost local tourism.
Read more »
Marcos admin surpasses 2022 revenue target at P3.2-trillionMANILA, Philippines — The administration of President Ferdinand “Bongbong” Marcos Jr. has surpassed revenue targets in 2022, Malacañang said on Sunday, citing data from the Department of
Read more »
DepEd: Over 11,000 teachers hired in 2022The Department of Education (DepEd) cited the employment of more than 11,000 teachers as one of its accomplishments for 2022, Malacañang said Sunday.
Read more »