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Tag: Finance Secretary

Duterte admin to shield next generation of Filipinos from consequence of huge infra gap, says Dominguez

Finance Secretary Carlos Dominguez III said a massive infrastructure buildup, complemented by heavy investments in human capital formation and social protection for the poorest families, is the only way to shield the next generation of Filipinos from economic stagnation and preclude them from suffering the consequence of the huge infrastructure gap and insufficient spending on anti-poverty programs.

Dominguez says now is best time to invest in ASEAN

Finance Secretary Carlos Dominguez III said here Thursday that now is the best time to invest in the economies of the 10-nation Association of Southeast Asian Nations (ASEAN) that are expected to collectively become a strong driver of global growth in the next decade.

DOF: Dominguez had nothing to do with DILG supply contract

Assistant Secretary Paola Alvarez of the Department of Finance (DOF) said Thursday that Finance Secretary Carlos Dominguez III had only performed a “routine ministerial duty necessitated by the change in administration” in giving the go-ahead to the loan agreement for a project that was actually implemented exclusively by the Department of Interior and Local Government (DILG) and approved in the past Aquino government.

Growth momentum sustained despite political chatter, says Dominguez

Finance Secretary Carlos Dominguez III said the latest positive outlook of Fitch Ratings on the Philippines is proof enough that the political noise has “failed to dent” the country’s growth story resulting from its strong macroeconomic performance and continued political stability amid the Duterte administration’s reform agenda and tough war on illicit drugs and other crimes.

Dominguez: Duterte backs tax reform

President Duterte has given his full backing to the Comprehensive Tax Reform Program (CTRP), which will play a pivotal role in his government’s ambitious agenda to dramatically reduce poverty, achieve economic inclusion and catapult the country into an upper middle-income economy by the time he steps aside in 2022, according to Finance Secretary Carlos Dominguez III.