DOF pledges tighter oversight, transparency

The Department of Finance (DOF) reaffirmed its commitment to transparency and fiscal discipline amid rising public concerns over alleged corruption and misuse of government funds, vowing to ensure that every peso collected is spent responsibly.

- By MARCO LUIS BEECH

Acknowledging the growing unease over corruption concerns, Finance Undersecretary Charlito Martin Mendoza stated that the DOF is working to ensure that all tax revenues are directed toward projects that yield the greatest economic and social impact.

“We take full responsibility for ensuring that the hard-earned tax revenues collected are not kept idle, but are translated directly and efficiently into concrete government programs and services with zero tolerance for leakage or misuse,” he said at the 4th SGV Tax Symposium at Makati.