Finance dept eyes 30 pct rise in budget

MANILA – The Department of Finance is seeking a 30 percent increase in its budget next year, with the Bureau of Internal Revenue again getting the lion’s share of the appropriations.

“These programs will allow us to effectively raise more funds to finance our pandemic response and economic recovery programs. The BIR will get P10.85 billion or almost half of the DOF’s budget, primarily to boost the bureau's revenue collection capacity, Dominguez said.

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Finance chief: Proposed abolition of PS-DBM, PITC ‘worth looking at’Finance Secretary Carlos Dominguez III says the proposal to abolish the Procurement Service of the Department of Budget and Management, as well as the Philippine International Trading Corporation, is “worth looking at.”
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