ShareThisMANILA — Malacañang has assured that there will be no imposition of new taxes, saying that the present thrust of the Aquino administration is to generate more revenues through efficient collection rather than adopt new tax measures.
“The commitment is to focus on more efficient revenue collection rather than getting more revenues through new tax measures,” said Secretary Herminio “Sonny” Coloma of the Presidential Communications Operations Office.
Coloma underscored the dynamism of governance and economic conditions in the country stressing that some factors may compel the President to revisit possible options that will be economically helpful to the government.
The dynamism of economic forces may create a concrete situation that could make the President reconsider several measures that will help the country, he added.
Coloma noted that the Aquino administration also wants to assure the people that their money is spent wisely and
does not unnecessarily go to corruption as presently perceived by taxpayers.
These measures have started to create good results, as data showed that the country’s first quarter actual deficit dropping recently as a result of increased revenue collection, he explained.
The non-imposition of new tax measures was one of President Benigno Aquino III’s campaign pledges in the May 2010 presidential election.
He also vowed to fight corruption and alleviate poverty as well as go after the excesses of the Arroyo administration.