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BIR may not meet target

The Bureau of Internal Revenue (BIR) will have to raise some P175 billion for the remaining two months of the year to hit its P940-billion collection target, a job considered by insiders as “mission impossible.”

The Bureau of Internal Revenue (BIR) reported yesterday a collection of P686.2 billion during the first nine months of the year, P78.9 billion higher compared to the collection for the same period last year.

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Budget Surplus

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WASHINGTON D.C. (via PLDT) – President Aquino announced yesterday that the government posted a P9.22-billion budget surplus in August due to higher tax revenues. The Chief Executive made the surprise announcement about the government’s fiscal position last month during his meeting with the Filipino communities from Washington, Maryland and Virginia. Finance Secretary Cesar V. Purisima, […]

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