BusinessWorld E-paper
July 12, 2022
THE ECONOMIC TEAM’S plan to pursue new taxes on digital services and
pollutants, as well as “rightsizing” of the bureaucracy, may not generate
enough revenues needed to repay the Philippines’ ballooning debt,
experts said.
Finance Secretary Benjamin E. Diokno last week said they are considering the imposition of taxes on digital or online transactions, single-use plastics, and carbon emissions. This as the Marcos administration looks for new sources of revenue to lower the fiscal deficit and repay theP3.2-trillion additional debt incurred during the coronavirus disease 2019(COVID-19) pandemic.
