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Finance dept eyes 30 pct rise in budget

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Finance dept eyes 30 pct rise in budget, BIR to get lion's share of funding

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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