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PHILIPPINE DEVELOPMENT FORUM

2007 Fiscal Progress & Prospects. PHILIPPINE DEVELOPMENT FORUM. SECRETARY GARY B. TEVES Department of Finance 8 March 2007. Outline of Presentation. 2007 NG Fiscal Program Fiscal Objectives. SUSTAIN. S. trengthen gains in revenue collection. NG Fiscal Program. U.

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PHILIPPINE DEVELOPMENT FORUM

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  1. 2007 Fiscal Progress & Prospects PHILIPPINE DEVELOPMENT FORUM SECRETARY GARY B. TEVES Department of Finance 8 March 2007

  2. Outline of Presentation • 2007 NG Fiscal Program • Fiscal Objectives

  3. SUSTAIN

  4. S trengthen gains in revenue collection NG Fiscal Program

  5. U ndertake proactive debt management NG Financing Program

  6. S tep up privatization efforts • PTIC • MERALCO • SAN MIGUEL CORP.

  7. Consolidated Public Sector Balance T ighten GOCC oversight through performance contracts

  8. A ggressive campaign against tax evaders & smugglers • Revenue Integrity Protection Service (RIPS) • Run After Tax Evaders (RATE) • Run After The Smugglers (RATS) “ You can run, but you can’t hide…” - Comm. Boy Morales

  9. I nvigorate domestic capital market • Channels funds to investments &provides diversified & higher returns for domestic savings • Provides access to local currency funding for private sector projects • Enhance the ability of the market to price risks • Attracts different types of investors • Capital market reforms forces better financial reporting in both the financial and real sectors of the economy

  10. N eed for continued support

  11. PHILIPPINE DEVELOPMENT FORUM “No man is an island, entire of itself; every man is a piece of the continent.” John Donne Poet (1572-1631)

  12. 2007 Fiscal Progress & Prospects PHILIPPINE DEVELOPMENT FORUM SECRETARY GARY B. TEVES Department of Finance 8 March 2007

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