The Department of Finance (DOF) said the government recognizes that domestic resource mobilization, including tax revenues, is critical for sustainable development. | ManilaBulletin
During the Addis Tax Initiative General Assembly, Finance Secretary Benjamin E. Diokno said tax collection is a critical component of sustainable development, as it provides the resources necessary to finance essential public services.
The finance chief said this confluence of factors hindered countries to make significant progress toward achieving development goals. Against the backdrop of the theme "Stepping up financing for sustainable development," the 2023 ATI General Assembly convened ATI members for high-level discussions on the progress and challenges of DRM.
The government has pursued revenue-enhancing policies and game-changing reforms that enhance fiscal consolidation efforts and improve revenue generation mechanisms. For proper DRM, the government has been expediting its digitalization efforts in order to eradicate corruption and improve the efficiency of the Bureau of Internal Revenue and Bureau of Customs.
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