New taxes may have to be introduced to fund the incoming Marcos administration’s priority projects, but the timing would have to be carefully considered, Socioeconomic Planning Secretary-designate Arsenio M. Balisacan said. READ:
NEW TAXES may have to be in
“If you want more public services, if you want to invest a lot into our health and education, and social sector, and to our farmers, you must have sources of money for that. Obviously, you can only go so far with an improved tax administration,” he said in a June 16 roundtable withAsked if new taxes would be introduced in the next six years, Mr. Balisacan replied: “I think we should. Part of theIncoming Finance Secretary Benjamin E.
“You don’t want to raise, I suppose, taxes when economic conditions are difficult,” the incoming National Economic and Development Authority director-general said.
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