P80B from new tax measures unlikely

By Niel Mugas

Oct 20, 2004 12:11 am

THE government is unlikely to achieve its target of P80 billion in additional revenues as only five tax-reform measures are expected to be approved by Congress, Rep. Joey Sarte Salceda of Albay disclosed Tuesday.

In his 123-page paper titled 'Dimension of a Fiscal Crisis,' Salceda admitted that despite the need for the passage of the eight tax measures certified urgent by Malacañang, only five are likely to be passed.

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