MANILA (Reuters) - Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not favour raising taxes even as the incoming government is set to inherit a huge pile of debt..
Diokno, who is President-elect Ferdinand Marcos's choice to lead the finance ministry, would rather see an improvement in tax administration and collection, including reducing corruption through digitalisation, he said.
"To me, grow the economy, focus on tax administration first, improve the collection," Diokno told ANC news channel.
Diokno's comments should help ease concerns among labour groups, which have opposed proposals by the outgoing government to impose more excise taxes on oil, defer scheduled tax cuts, and remove some value-added tax exemptions.
Marcos on Thursday said he preferred to reduce the tax burden for those suffering from the economic impact of the pandemic.
Diokno, who before being appointed central bank governor in 2019 served as budget minister, said he was "satisfied with the current tax structure".
The tax system has already undergone reform in the past six years after incumbent President Rodrigo Duterte's government lowered corporate and personal income taxes while raising levies on tobacco and alcohol products.
The new Marcos administration is inheriting 11.7 trillion pesos ($224 billion) in government debt, equivalent to 60.5% of gross domestic product as of the end of 2021, the highest ratio in 16 years, fuelled by borrowing to address the COVID-19 pandemic.
The debt level was almost double the 6.4 trillion pesos of liabilities when Duterte took office in June 2016, government data showed.
"I am not worried about the level of the debt," said Diokno, who sees it as "easily manageable" as long as the economy is able to return to a pre-pandemic annual growth rate of 6% to 7%.
($1 = 52.26 Philippine pesos)
EUR/USD
1.0798
+0.0011 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (6)
Sell (3)
EUR/USD
1.0798
+0.0011 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (6)
Sell (3)
GBP/USD
1.2642
+0.0019 (+0.15%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (2)
USD/JPY
151.24
-0.12 (-0.08%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (1)
AUD/USD
0.6529
+0.0014 (+0.22%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
USD/CAD
1.3544
+0.0006 (+0.05%)
Summary
BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (2)
Sell (2)
EUR/JPY
163.28
+0.03 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
EUR/CHF
0.9735
+0.0008 (+0.08%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Gold Futures
2,254.80
42.10 (1.90%)
Summary
BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (5)
Sell (0)
Silver Futures
25.100
+0.002 (+0.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Copper Futures
4.0115
-0.0003 (-0.01%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (7)
Sell (0)
Crude Oil WTI Futures
83.11
+1.76 (+2.16%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Brent Oil Futures
86.99
+0.04 (+0.05%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (3)
Natural Gas Futures
1.752
+0.034 (+1.98%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (6)
US Coffee C Futures
188.53
-2.12 (-1.11%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Euro Stoxx 50
5,082.85
+1.11 (+0.02%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
S&P 500
5,254.35
+5.86 (+0.11%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (3)
Sell (8)
DAX
18,504.51
+27.42 (+0.15%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
FTSE 100
7,952.62
+20.64 (+0.26%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
Hang Seng
16,541.42
0.00 (0.00%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (1)
US Small Cap 2000
2,120.15
+5.80 (+0.27%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (5)
Sell (4)
IBEX 35
11,074.60
-36.70 (-0.33%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
BASF SE NA O.N.
52.930
-0.320 (-0.60%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
Bayer AG NA
28.43
+0.01 (+0.04%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
277.80
+0.35 (+0.13%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Adidas AG
207.00
+2.30 (+1.12%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
Deutsche Lufthansa AG
7.281
+0.104 (+1.45%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (6)
Siemens AG Class N
176.96
+0.04 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
Deutsche Bank AG
14.582
-0.030 (-0.21%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
EUR/USD | 1.0798 | ↑ Buy | |||
GBP/USD | 1.2642 | ↑ Buy | |||
USD/JPY | 151.24 | ↑ Buy | |||
AUD/USD | 0.6529 | ↑ Buy | |||
USD/CAD | 1.3544 | Buy | |||
EUR/JPY | 163.28 | ↑ Buy | |||
EUR/CHF | 0.9735 | ↑ Buy |
Gold | 2,254.80 | Buy | |||
Silver | 25.100 | ↑ Buy | |||
Copper | 4.0115 | ↑ Buy | |||
Crude Oil WTI | 83.11 | ↑ Buy | |||
Brent Oil | 86.99 | Neutral | |||
Natural Gas | 1.752 | ↑ Sell | |||
US Coffee C | 188.53 | ↑ Sell |
Euro Stoxx 50 | 5,082.85 | ↑ Sell | |||
S&P 500 | 5,254.35 | ↑ Sell | |||
DAX | 18,504.51 | ↑ Buy | |||
FTSE 100 | 7,952.62 | ↑ Sell | |||
Hang Seng | 16,541.42 | Neutral | |||
Small Cap 2000 | 2,120.15 | Neutral | |||
IBEX 35 | 11,074.60 | ↑ Sell |
BASF | 52.930 | ↑ Buy | |||
Bayer | 28.43 | Buy | |||
Allianz | 277.80 | ↑ Buy | |||
Adidas | 207.00 | ↑ Buy | |||
Lufthansa | 7.281 | ↑ Sell | |||
Siemens AG | 176.96 | ↑ Buy | |||
Deutsche Bank AG | 14.582 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,910/ 8,080 (30/ 30) # 1,364 |
SJC HCM | 7,900/ 8,100 (0/ 0) # 1,384 |
SJC Hanoi | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Danang | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Nhatrang | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Cantho | 7,900/ 8,102 (0/ 0) # 1,386 |
Cập nhật 29-03-2024 20:51:56 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,232.75 | -1.61 | -0.07% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 24.690 | 25.180 |
RON 95-III | 24.280 | 24.760 |
E5 RON 92-II | 23.210 | 23.670 |
DO 0.05S | 21.010 | 21.430 |
DO 0,001S-V | 21.640 | 22.070 |
Dầu hỏa 2-K | 21.260 | 21.680 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $82.82 | +5.39 | 0.07% |
Brent | $86.82 | +5.18 | 0.06% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.600,00 | 24.970,00 |
EUR | 26.020,03 | 27.447,78 |
GBP | 30.490,41 | 31.787,64 |
JPY | 158,93 | 168,22 |
KRW | 15,91 | 19,28 |
Cập nhật lúc 18:53:13 29/03/2024 Xem bảng tỷ giá hối đoái |