Revenues from tax reforms approved by Congress last year have exceeded expectations, Finance Secretary Carlos Dominguez 3rd told legislators on Tuesday.
“The Train Law, which you kindly passed and which was implemented at the start of 2018, contributed 33.7 billion pesos in revenues for the first half of the year — surpassing our target by 3.6 billion pesos,” Dominguez said at a briefing conducted by the interagency Development Budget Coordination Committee (DBCC).
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