Live Breaking News & Updates on Oosted By Oil Price Upticks

MANILA - Excess value added tax (VAT) collections, boosted by oil price upticks, and dividends from government-owned and controlled corporations (GOCCs) will be used for the additional PHP500 subsidy for Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries. During the Laging Handa public briefing aired over the state-owned PTV-4 on Wednesday, Department of Budget and Management acting Secretary Tina Rose Canda said around 13 million beneficiaries will benefit from the additional subsidy, which will cost the government an estimated PHP20 billion just for three months. "Ang excess revenues naman na ito ay manggagaling either sa dividends ng mga government corporations or doon sa excess VAT collections as a result noong pagtaas natin ng value ng petrolyo. So sa halip na pakinabangan iyan ng gobyerno, kumbaga ibabalik sa taumbayan - iyong pinakamahirap nating taumbayan, iyong ayuda na ito (The excess revenues will come either from the government corporations' dividends or from ....

Tina Rose Canda , Pantawid Pamilyang Pilipino Program , Department Of Budget , Laging Handa , Secretary Tina Rose Canda , Manila Excess Value Added Tax Vat Collections , Oosted By Oil Price Upticks , Nd Dividends From Government Owned And Controlled Corporations Goccs Will Be Used For The Additional Php500 Subsidy Pantawid Pamilyang Pilipino Program 4ps Beneficiaries During Laging Handa Public Briefing Aired Over State Ptv 4 On Wednesday , Epartment Of Budget And Management Acting Secretary Tina Rose Canda Said Around 13 Million Beneficiaries Will Benefit From The Additional Subsidy , Hich Will Cost The Government An Estimated Php20 Billion Just For Three Months Quot Ang Excess Revenues Naman Na Ito Ay Manggagaling Either Sa Dividends Ng Mga Corporations Or Doon Vat Collections Asa Result Noong Pagtaas Natin Value Petrolyo So Halip Pakinabangan Iyan Gobyerno , Umbaga Ibabalik Sa Taumbayan Iyong Pinakamahirap Nating , Yong Ayuda Na Ito The Excess Revenues Will Come Either From Government Corporations 39 Dividends Or Vat Collections Due Mainly Of Oil Price Increases So , Nstead Of The Government Benefiting From It We Will Return To People Poorest Them Asa Subsidy , Uot She Said Canda The Government Has No Other Excess Source Of Funds For Additional 4ps Subsidy Now Aside From Vat And Goccs 39 Dividends Because Doubled Its Php2 5 Billion Subsidies Public Utility Vehicle Puv Drivers By Php600 Million Agriculture Sector Quot Revenues Lang Ang Inaasahan Natin Dito , Asi Iyong Mga Regular Nating Collection Ay Para Din Sa Ongoing Na Proyekto , Ga Existing Na Programa Ng Gobyerno We Can Only Source The Funds From Excess Revenues , Ecause Our Regular Collections Are For Ongoing Projects , He Existing Programs Of The Government , Uot She Added Canda Said The Additional Subsidy For Puv Drivers And Agriculture Sector Will Be Released To Department Of Social Welfare Development By April Since Bureau Treasury Is Expected Releasea Certification End March Pna ,