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Friday, March 29, 2024

Duterte creates new Finance unit

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President Rodrigo Duterte created a specialized group at the Finance Department to provide strategic advice and research on fiscal policies in support of the administration’s socio-eonomic reform agenda focused on sustaining high growth, eradicating extreme poverty and growing the economy to upper-middle income status by 2022.

The president issued Executive Order No. 31which placed the Strategy, Economics and Results Group directly under the Secretary of Finance who, in turn, will assign an undersecretary and assistant secretary to supervise its operations.

The Finance Department said the group would be headed by Undersecretary Karl Kendrick Chua, whom Finance Secretary Carlos Dominguez III assigned to help craft the Duterte administration’s

Comprehensive Tax Reform Program and coordinate closely with the Congress in fine-tuning the proposal to make the tax system simpler, fairer and more efficient.

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