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Former Budget Undersecretary Tina Canda dies at 61

Former Budget Undersecretary Tina Canda dies at 61
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Duterte creates transition committee | Daily Express Online - Sabah's Leading News Portal

President Duterte has created a committee to ensure a proper and orderly transition to the next administration (pic)

Davao-city , Philippines , Manila , Russia , Ukraine , Russian , Sara-duterte-carpio , Karl-chua , Vladimir-putin , Ferdinand-marcos-jr , Tina-rose-canda , Teodoro-locsin-jr

Duterte creates transition committees

President Duterte has created a committee to ensure a proper and orderly transition to the next administration.

Davao-city , Philippines , Manila , Russia , Ukraine , Russian , Sara-duterte-carpio , Karl-chua , Vladimir-putin , Ferdinand-marcos-jr , Tina-rose-canda , Teodoro-locsin-jr

Excess VAT collections, GOCC dividends to fund more subsidies

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 excess VAT collections due mainly of oil price increases. So, instead of the government benefiting from it we will return it to the people -the poorest of them- as a subsidy)," she said. Canda said the government has no other excess source of funds for the additional 4Ps subsidy for now aside from the excess VAT and GOCCs' dividends because the government has doubled its PHP2.5 billion subsidies for public utility vehicle (PUV) drivers and by PHP600 million the subsidies for the agriculture sector. "Excess revenues lang ang inaasahan natin dito, sir, kasi iyong mga regular nating mga collection ay para din sa mga ongoing na proyekto, mga existing na programa ng gobyerno (We can only source the funds from excess revenues, sir, because our regular collections are for ongoing projects, the existing programs of the government)," she added. Canda said the additional subsidy for PUV drivers and the agriculture sector will be released to the Department of Social Welfare and Development by April since the Bureau of the Treasury is expected to release a certification by end-March. (PNA) }

Manila , Philippines , 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

DBM: Philippines to lose P117 billion if fuel excise tax suspended

The Philippines will lose P117 billion in revenues or 0.5% of the country's gross domestic product if the government suspends the collection of excise tax petroleum products, an official of the Department of Budget and Management said on Friday.

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Palace: Duterte considers all options to lessen impact of oil price hike

Palace: Duterte considers all options to lessen impact of oil price hike

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LTFRB to start distribution of P6,500 fuel subsidy to PUV drivers, operators next week

The Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday said it will begin the distribution of fuel subsidies to public utility vehicles (PUV) drivers and operators next week after the Department of Budget and Management (DBM) released the funds for the program.

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DBM releases funds for PUV, agri sectors' fuel subsidies │ GMA News Online

The Department of Budget and Management (DBM) on Thursday released P2.5 billion and P500 million in funds for the fuel subsidies for the public transport utility and the agriculture sectors respectively.

Russia , Ukraine , Karl-chua , Tina-rose-canda , Department-of-agriculture , Subsidy-program , National-economic , Department-of-transportation-dotr , Department-of-budget , Development-authority , Fuel-subsidy-program , Oil-price-hikes

DBM sees release of fuel subsidy this week or next week

DBM sees release of fuel subsidy this week or next week

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Gov't to fast-track programs in last 6 months of Duterte's term

Acting Presidential Spokesperson and Cabinet Secretary Karlo Nograles (File photo) MANILA - With the scheduled signing of the proposed 2022 national budget into law on Thursday, Malacanang assured that the national government will "fast track" all programs and projects meant to improve the lives of Filipinos in the last six months of President Rodrigo Duterte's term. "Tomorrow, naka-schedule po ang pagpirma ni Pangulong Rodrigo Roa Duterte ng 2022 general appropriations law (President Duterte is scheduled to sign the 2022 general appropriations law)," acting Presidential Spokesperson, Cabinet Secretary Karlo Nograles, said in a Palace press briefing on Wednesday. The signing of the second pandemic-era budget will guarantee that the government will not operate on a reenacted budget. "Maasahan natin (We can expect that) in the remaining six months of the term of President Duterte, we will implement and fast-track lahat ng mga programa, proyekto, and activities na nakapaloob sa (all programs, projects, and activities stipulated in the) 2022 national budget," he added. Nograles said these programs and projects need to be carried out before the forthcoming 45-day ban on new projects ahead of the May 2022 national elections. "Kailangan natin gawin ito dahil may (We need to do this because there is an) election ban so we have to already implement bago mag election ban para maramdaman agad ng ating mga kababayan (implement these before elections so that our fellowmen could benefit from them)," he said. Meanwhile, he also welcomed the results of a survey that showed that the majority of Filipinos will welcome 2022 "with hope rather than with fear." Based on the Social Weather Stations (SWS) survey, 93 percent of respondents said they would welcome the New Year with hope while only 7 percent of the respondents would enter 2022 with apprehensions. Despite the prevailing pandemic, Nograles reminded the public to do their part in ensuring a better year ahead. "Nandito ang gobyerno para gawin ang lahat ng makakaya pero kailangan din namin ang tulong ninyo. Sa pagtutulungan natin we can overcome yung challenges natin dito sa Covid. Patuloy natin gawin ang nararapat (The government is here to do its best but we also need your help. With everyone's help, we can overcome the challenges related to the coronavirus disease 2019)," he said. On Monday, acting Budget Secretary Tina Rose Canda said Duterte is expected to sign the proposed PHP5.024 trillion national budget by December 28, with some provisions up for veto. Nograles later confirmed that the signing of next year's budget was postponed because the Office of the President is still in the process of vetting and reviewing it. (PNA) }

Manila , Philippines , Malacanang , Antique , Filipinos , Karlo-nograles , Rodrigo-duterte , Tina-rose-canda , Pangulong-rodrigo-roa-duterte , President-rodrigo-duterte , President-duterte