2018 Budget has P60B for Salary Hike of Uniformed Personnel, P10B for Marawi

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A P60-billion budget for the salary hike of military and uniformed personnel (MUP) in government and a P10 billion fund for the reconstruction of war-stricken Marawi City were included in the Senate version of the proposed P3.767 trillion national budget for 2018, Sen. Loren Legarda said on Wednesday. All 16 senators present in the session hall of the Senate unanimously approved the 2018 budget. Legarda, chair of the Senate Committee on Finance, described the budget bill as a “compassionate budget” addressing the needs of the people, those who serve the people, the most vulnerable sector, and the often neglected segments of the society.…

Senate Approves Tax Reform Bill

Senate Approves Tax Reform Bill

About 6.8 million of the country’s 7.5 million individual income taxpayers would be exempt from paying income taxes starting January, but most Filipinos would pay more for fuel, sweetened beverages and electricity under a tax bill the Senate approved on third and final reading on Tuesday night. The Senate voted 17-1 to approve the Tax Reform Acceleration and Inclusion (TRAIN) bill, with Sen. Risa Hontiveros being the lone dissenter. Sen. Sonny Angara, chair of the ways and means committee, said the measure was expected to generate P100 billion to P130…