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Jul 5, 2016 @ 0:53

DOF pushes higher soft drinks tax

A proposal to raise taxes slapped on sweetened beverages would be pitched at today’s Cabinet-level, inter-agency Development Budget Coordination Committee (DBCC) meeting alongside widening the budget deficit target to 3 percent of the economy as early as this year.

Separately, Finance Secretary Carlos G. Dominguez said a reorganization was in the works at the Department of Finance (DOF) in the next six months, with the appointment of four new undersecretaries up for President Rodrigo R. Duterte’s approval.

“We have our revised organizational structure that will guide DOF operations. This new structure is an output of the transition process.

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