DOF budget, shrinking in the last 3 years, gets House panel OK

The Committee on Appropriations of the House of Representatives has endorsed the P17.3-billion budget of the Department of Finance and its attached agencies for 2020 --- a proposed outlay that decreased for the third straight fiscal year since 2018.   Finance Secretary Carlos Dominguez III said the DOF's 2020 budget plan is P1.59 billion or 8 percent lower than its 2019 budget of P18.9 billion, which is likewise belowthe preceding year's P19.7-billion allocation.   "We will continue to build on our efforts to maintain fiscal stability and to improve our revenue collection performance to achieve inclusive economic growth for our country," Dominguez said. Sultan Ku...

Keep on reading: DOF budget, shrinking in the last 3 years, gets House panel OK