The Department of Finance (DoF) categorically refuted reports alleging the imposition of new taxes and stressed that there is no need for additional revenue measures at this time, given the government’s robust fiscal position.
Finance Secretary Ralph G. Recto on Tuesday said that the government is properly managing its finances, ensuring that public needs are met without burdening the citizenry with new taxes.
The Finance Chief explained that as the government’s chief steward of fiscal discipline, the DoF upholds the vital responsibility of securing ample resources to safeguard the economy, especially in times of crisis.
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