Tag: 2018 budget

President Duterte signs into law P3.77 trillion nat’l budget for 2018, and tax reform bill

  (Eagle News) — President Rodrigo Duterte signed into law on Tuesday the P3.77-trillion national budget for 2018 and the tax reform bill which is set to take effect on January 1 next year. The P3.77 trillion national budget which was ratified by Congress on December 12, is up 12 percent from the 2017 national budget. The Tax Reform for Acceleration and Inclusion (TRAIN) law, on the other hand, exempted from taxes the first P250,000 […]

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Congress approves 2018 national budget worth P3.767 trillion

  (Eagle News) — Congress has approved the reconciled version of the government’s national budget for 2018 worth P3.767 trillion, with the biggest allocation granted to education and infrastructure development. Senator Loren Legarda, chair of the Senate committee on finance, led the signing of the bicameral report on the approved budget. The report will be transmitted to both the Senate and House of Representatives for ratification before this will be sent to Malacanang for President […]

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