Finance Secretary Carlos Dominguez III said his fellow workers at the Department of Finance and attached agencies did a good job last year that led to significant progress in the tax reform packages, substantial gains in revenue collections and official development assistance from the country’s development partners.
Dominguez, at the first DOF executive committee meeting this year, noted the successful bond issuances of the Bureau of the Treasury, particularly the first Premyo bonds sale that encouraged unbanked Filipinos to save and invest and the efforts of Undersecretary and chief economist Gil Beltran and the Department’s Domestic Finance Group to update the public about the latest economic trends.
He also commended the work of the DOF’s Revenue Operations Group and the Corporate Affairs Group, both led by Undersecretary Antonette Tionko, for raising the cash dividend contributions of, and instilling fiscal discipline in, government-owned and controlled corporations, and the Privatization Group led by Undersecretary Grace Karen Singson for its thorough review of state contracts and in getting the privatization program to move at a faster pace.