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 149 times)

MIKELIGALIG.com

  • FOUNDER
  • Webmaster
  • *****
  • avatar_1382_1499847132 - Finance Secretary Margarito Teves - LGU Philippines
  • Posts: 22848
  • medal1 - Finance Secretary Margarito Teves - LGU Philippinesmedal2 - Finance Secretary Margarito Teves - LGU Philippinesmedal3 - Finance Secretary Margarito Teves - LGU Philippines
  • NEED A WEBSITE? 09206301130 | info@mikeligalig.com
    • 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]

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=88331.0
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

 

Booking.com

Latest Topics

When humans care enough by islander
[Yesterday at 02:47:18 AM]


The best way to do a selfie by islander
[Yesterday at 01:52:41 AM]


7 Signs You’re Headed for a Nervous Breakdown by islander
[October 18, 2018, 07:11:51 PM]


Hopelessness in the occupied Palestinian territories by islander
[October 18, 2018, 12:22:53 AM]


Making our own shameful history by islander
[October 17, 2018, 08:46:11 PM]


Optimist vs Pessimist by islander
[October 17, 2018, 05:33:48 PM]


Stephen Hawking's final book offers brief answers to big questions by islander
[October 16, 2018, 07:28:47 PM]


Even If the Worst Thing Happens by MIKELIGALIG.com
[October 16, 2018, 04:53:32 AM]


PNP Hiring by MIKELIGALIG.com
[October 14, 2018, 05:37:25 PM]


Wannabes and charlatans on the march by islander
[October 14, 2018, 01:01:51 PM]

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