The Department of Finance (DOF) facilitated the implementation of grants and technical assistance amounting to an estimated US$85.5 million, according to its yearend report. Know more:
THE Department of Finance facilitated the implementation of grants and technical assistance amounting to an estimated US$85.5 million, according to its yearend report, which confirmed that top revenue collection agencies surpassed the fullyear targets set by economic manager.
Other DOF accomplishments for 2022, enumerated in a news release by the Office of the Press Secretary on Sunday, are the resolution on tax incentives for business activities outside zone limits, commitment to Extractive Industries Transparency Initiatives and the revision of the implementing rules and regulations for the Build-Operate-Transfer Law.
It is aligned with Moody’s growth projection of 6.4 percent, the highest growth projection in the Asia-Pacific region, according to the DOF.
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