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PHOTO JOURNALS

SOURCE: Press and Public Affairs Bureau


FOCUS ON FEDERALISM

FOCUS ON FEDERALISM
 

06 February 2018 05:39:41 PM

The House committee on constitutional amendments chaired by Rep. Roger Mercado on Tuesday discussed the administration of resource generation and fiscal allocation under a federal system of government. The committee sought the recommendations of the Department of Finance (DOF) and Department of Budget and Management (DBM) on budget reforms that would increase accountability and transparency, the feasibility of each regional state to propose its own budget, and how national debt should be allotted. DBM Undersecretary Tina Rose Marie Canda said the DBM could study the expenditure required at the regional and federal levels if they could be provided a model of the proposed federal government and its powers and structures. DOF Director Juvy Danofrata explained how taxes could bring in the revenue needed both at the regional and state levels, though policy should be crafted to avoid overburdening the consumer. Rep. Lawrence Fortun noted that it was important to first determine the resource generation capability of each regional state. / PC/CMBE

 
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