1 / 12

Progress and Prospects of Philippine Fiscal Management - 2007 Development Forum

In the 2007 Philippine Development Forum, Secretary Gary B. Teves from the Department of Finance presented a comprehensive outline focused on the National Government's fiscal program. The objectives included strengthening revenue collection, proactive debt management, and intensified privatization efforts. Strategies aim to tighten oversight and combat tax evasion via the Revenue Integrity Protection Service. Key initiatives also discussed involved invigorating the domestic capital market to enhance investment and attract diverse investors, ensuring sustainable growth and financial stability.

kamil
Télécharger la présentation

Progress and Prospects of Philippine Fiscal Management - 2007 Development Forum

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related