Rph
Rph
The primary concern revolves around the signing of the 2018 General
Appropriations Act (GAA) and the Tax Reform for Acceleration and Inclusion
(TRAIN) law. These initiatives are designed to stimulate economic growth,
allocate resources for priority programs such as education and infrastructure,
and enhance government services. The 2018 national budget, amounting to
PHP 3.767 trillion, is the largest in Philippine history, this budget targets
sectors like education, infrastructure. Healthcare and defense as its top
priorities for improvement and change. The TRAIN law introduces personal
tax exemption and significant tax relief for many Filipino citizens; however,
this comes at the cost of increased taxes of essential goods which will then
be used to fund infrastructure and social services.
Though government figures like Se. Loren Legarda and Finance Sect.
Carlos Dominiguez praises the train law, many are against it and argues that
it negatively impacts certain groups, particularly women and low-income
families as though they may be exempted from paying tax, the increased
price of basic goods and services may have a greater effect.
The GAA aims to allocate resources for specific sectors that are
prioritized by the government. Social services receive the most attention in
the 2018 GAA, accounting for 38.7%, followed by economic services (30.5%),
general public services (16.4%), debt load (9.8%), and defense (4.6%). The
budget prioritizes education, healthcare, social services, and infrastructure,
as well as significant investments in national security and disaster recovery.
The GAA and the TRAIN law are both a great step towards improving
the economic standing of the Philippine, as the GAA focuses on vulnerable
sectors and groups, like education, healthcare and social services, and even
disaster preparedness, however, due to governmental delays, unequal
resource distribution, and intricate corruption, its efficacy is often
compromised. TRAIN Law, on the other hand, aims to simplify the tax code,
reduce taxes for low-income earners, and raise money for social services and
infrastructure. Despite these advantages, it also raises the cost of
necessities, which significantly affects low-income families and women and
independent workers. Due to the Philippines current political situation, and
issues surrounding the government, it cannot be helped that we will see this
project as flawed, and that corrupt government officials will capitalize the
President’s project.
Article 2: Duterte bats for new constitution that will hold officials
more accountable