Latest blog articles
Fiscal autonomy, taxation in proposed Bangsamoro Autonomous Region need further clarification — DOF
Senate deliberation for the passage of the Bangsamoro Basic Law
MANILA, Philippines — Today’s Senate deliberation for the passage of the Bangsamoro Basic Law (BBL) centered on the issue on Bangsamoro Region’s autonomy on fiscal and taxation aspects.
Department of Finance Secretary Carlos Dominguez said that the national government cannot just let go of the important programs and easily hand them over to the administration of the Bangsamoro Region.
Dominguez cited the health and agriculture sectors in particular.
“As far as I know the health and agriculture sectors as devolve functions hardly improved health status in different regions, different provinces hardly improve agricultural production,” said the finance secretary.
The secretary also said that it is important to have transparency in the 72 billion peso-bloc grant per year to the Bangsamoro government.
“And if the people they don’t agree that this money spent this correctly then we will have a problem,” said Dominguez.
Dominguez added that the Congress should also clarify the issue of taxation.
“That the differentiation between national taxes and local taxes are very very clear, so there’s no confusion I think the law is very clear on that, I think there are gray areas,” said the official.
The chairman of the Senate subcommittee on BBL Senator Juan Miguel Zubiri assures that the financial management will remain in the power of the Bangsamoro government.
“Bibigay po natin yung power na y an sa Bangsamoro parliament kasi pangit naman na ididikta na muli tayo” said Zubiri.
The Senate targets to approve the BBL before the session break in March. — Nel Maribojoc | UNTV News & Rescue
The post Fiscal autonomy, taxation in proposed Bangsamoro Autonomous Region need further clarification — DOF appeared first on UNTV News.