FIRB grants P20.9 billion tax subsidies for public services

The Fiscal Incentives Review Board (FIRB), which is chaired by Finance Secretary Ralph G. Recto, has recently granted P20.9 billion worth of tax subsidy applications of government institutions to make public services more accessible and efficient for the Filipino people.

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A tax subsidy means that the national government shoulders the taxes and duties that public institutions would otherwise have to pay, in order for them to focus their resources on delivering better and more efficient public services to the people.

“This move is in line with President Ferdinand R. Marcos Jr.'s commitment to delivering more responsive public services. Ang mga tax subsidy na ito ay makakatulong para mas mapabilis at mas mapalawak ang serbisyo ng mga ahensya ng gobyerno para sa taumbayan,” the Finance Chief said.