Lazada Philippines aff_i?offer_id=3127&file_id=94990&aff_id=150634 - Finance Secretary Margarito Teves - LGU Philippines

normal_post - Finance Secretary Margarito Teves - LGU Philippines Author Topic: Finance Secretary Margarito Teves  (Read 137 times)

  • Webmaster
  • *****
  • avatar_1382_1499847132 - Finance Secretary Margarito Teves - LGU Philippines
  • Posts: 22787
  • medal1 - Finance Secretary Margarito Teves - LGU Philippinesmedal2 - Finance Secretary Margarito Teves - LGU Philippinesmedal3 - Finance Secretary Margarito Teves - LGU Philippines
  • NEED A WEBSITE? 09206301130 |
    • Share Post
xx - Finance Secretary Margarito Teves - LGU Philippines
Finance Secretary Margarito Teves
« on: November 21, 2017, 03:59:02 PM »
Teves cites need to improve tax collection
Davao City (31 August 2005) -- Finance Secretary Margarito Teves admitted to the banking sector that the country is in a tough situation although the economy is not doing too bad.

Teves was guest speaker during the recognition of outstanding Countryside Financial Institutions (CFIs) last Monday, August 29 at the Marco Polo Hotel.

Teves was joined by officers of the Land Bank of the Philippines headed by acting president and chief executive officer Gilda E. Pico.

He said the country's deficit is at P180 billion with a 3.5 percent growth domestic product.

Teves said it is a tough situation too for the collecting agencies which are still short of their targets.

He stressed the need to increase the collection of the Bureau of Internal Revenue and the Bureau of Customs.

He however said that the over performance of the Bureau of Treasury (BOT) has compensated the shortfalls of BIR and Customs..

The government, he said has come up with measures to ensure efficient tax collection.

"When there is resources there will be local infrastructure projects as well as funds for other projects," he said.

Teves also recognized the support of the CFIs in the countryside.

He was even hinting that the CFIs be linked to international financing institutions to undertake projects especially in the countryside.

Meanwhile the finance secretary reminds the government owned and controlled corporation (GOCC) to perform like the private sector and maximize profits.

He said it should undertake projects but with least cost for the government.

The government, he said should not engage in business where it doesn't have the competitive advantage.

"We do not need to go into business when we do not have the advantage," he said.

Teves was in Davao City for the first leg of the domestic road show on Republic Act. No. 9337 or the Reformed Value Added Tax. (PIA/pdbanzon) [top]

Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

personal015320100 - Finance Secretary Margarito Teves - LGU Philippines

pCloud Premium

Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

Margarito Teves as Philippine Vice-President in 2010?

Started by U.S. of America on LGU Philippines

4 Replies
Last post May 30, 2009, 04:44:05 PM
by iNsIktiSayD
BDO Leasing and Finance Inc

Started by Ligalig-Mike on Market & Economic Trends

0 Replies
Last post June 03, 2010, 07:25:35 PM
by Ligalig-Mike
deficit ng Finance Department

Started by on Philippine Archive

0 Replies
Last post November 21, 2017, 02:03:03 PM
Talking About Personal Finance

Started by Ligalig-Mike on Quotable Quotes

0 Replies
Last post April 10, 2012, 10:14:10 PM
by Ligalig-Mike
RE asset finance for PHL reaches USD 798-M in 2015

Started by on Philippine Archive

0 Replies
Last post March 07, 2017, 01:42:44 PM

Latest Topics

My precious... by hubag bohol
[Yesterday at 10:29:09 PM]

The Sad Eggplant by hubag bohol
[Yesterday at 10:11:40 PM]

Yogalutaw by hubag bohol
[Yesterday at 10:05:10 PM]

High five buddies by hubag bohol
[Yesterday at 09:56:18 PM]

The Effects of Emotions on the Body by hubag bohol
[Yesterday at 09:48:41 PM]

Perils, Pitfalls of Shifting to Federalism by islander
[August 11, 2018, 01:03:46 AM]

Grace under pressure par excellence by islander
[August 11, 2018, 12:16:48 AM]

Balaod nga masunod by
[August 07, 2018, 07:56:12 PM]

Money Isn’t Everything by hubag bohol
[August 06, 2018, 11:42:44 PM]

Bamboo Boxing by
[August 06, 2018, 11:13:33 PM]

SMF spam blocked by CleanTalk
pCloud Premium
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2018, SimplePortal