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Massive privatization to lift gov't revenues

Manila Bulletin

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August 14 2025

To help fund the P6.793-trillion 2026 national budget, government revenues are projected to reach nearly P5 trillion next year, boosted in part by a P101-billion target from privatization proceeds—massively higher than this year's P5-billion goal.

- BY DERCO ROSAL

According to the Marcos Jr. administration's 2024-2028 fiscal program, this year's revenue target of P4.52 trillion is expected to jump by 10.2 percent to P4.98 trillion in 2026. This would be equivalent to 16.2 percent of gross domestic product (GDP), up from 15.9 percent this year.

Target collections from taxes are set at P4.63 trillion for next year, higher by 10 percent from P4.21 trillion this year. This covers revenues to be raised by the country's main tax agencies—the bureaus of Internal Revenue (BIR) and of Customs (BOC).

Based on the President's budget message, “this will be achieved through intensified digitalization initiatives in our tax-collection system as well as recent tax reforms, particularly the value-added tax (VAT) on nonresident digital service providers (DSPs).”

MÁS HISTORIAS DE Manila Bulletin

Manila Bulletin

Of Reggie and coincidence

Renzied developments in the political arena—the reshuffle and then the denial—have been driving me, and I believe the market as well, nuts, as reflected by the rollercoaster trading in the foreign exchange (forex) and equities.

time to read

2 mins

November 21, 2025

Manila Bulletin

Manila Bulletin

Int'l film taps beauty and mystery of Manila

For a change, frequent Philippine traveler, singer, and humanitarian Qymira (Leslie Loh in real life) played a different role during her latest visit.

time to read

2 mins

November 21, 2025

Manila Bulletin

Manila Bulletin

Palace won't reveal why Bersamin quit

Malacañang refused to divulge the reason behind the sudden exit of Executive Secretary Lucas Bersamin from the Cabinet, choosing to keep the matter at rest.

time to read

2 mins

November 21, 2025

Manila Bulletin

Manila Bulletin

Where Filipino beauty takes center stage

The Beauty Edit Gallery at Spatio is a curated hub of homegrown Filipino beauty brands

time to read

2 mins

November 21, 2025

Manila Bulletin

Manila Bulletin

NASA unveils close-up pictures of the comet popping by from another star

NASA unveiled closeup pictures on Wednesday, Nov. 19, of the interstellar comet that’s making a quick one-and-done tour of the solar system.

time to read

2 mins

November 21, 2025

Manila Bulletin

A fashion state of mind

From wonder to rebellion, Bang Pineda shows streetwear as more than clothing

time to read

2 mins

November 21, 2025

Manila Bulletin

ICC summarizes court orders, rulings on Duterte

The Pre-Trial Chamber I (PTC I) of the International Criminal Court (ICC) released a summary of decisions and orders issued by way of email on the crimes against humanity case against former President Rodrigo Duterte to the Office of the Prosecution, the Office of Public Counsel for Victims, and the defense team.

time to read

1 mins

November 21, 2025

Manila Bulletin

Manila Bulletin

Destinator debuts as Mitsubishi's latest seven-seat offering

Raising the bar for family crossovers

time to read

3 mins

November 21, 2025

Manila Bulletin

BOP deficit narrows at end-Oct.

Despite hitting an eight-month high in October, the Philippines’ balance of payments (BOP) position remained at a yawning deficit in the first 10 months at $4.61 billion, a full swing from a surplus of $4.39 billion in the same period last year.

time to read

1 mins

November 21, 2025

Manila Bulletin

Manila Bulletin

Lily Franky reflects on aging, cherished friendships in PH

Renowned Japanese actor and illustrator Lily Franky graced the shores of the Philippines to promote his latest cinematic endeavor, \"Diamonds in the Sand,\" a compelling entry in the 2025 QCinema International Film Festival.

time to read

3 mins

November 21, 2025

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