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New Finance chief says 'realistic' revenue collection targets are important
Business World Philippines
|November 24, 2025
FINANCE Secretary Frederick D. Go said that setting a “realistic” revenue collection target is important, as revenue collection targets are at risk amid a corruption probe that has dampened economic growth.
In a Facebook post on Saturday, the Department of Finance (DoF) said Mr. Go “emphasized the importance of setting realistic revenue targets, noting that necessary budget adjustments need to be made.”
As of end-September, revenue collections climbed by 2.24% to P3.367 trillion, equivalent to 74.49% of the government's P4.52-trillion full-year goal.
In 2026, the government is targeting to collect P4.98 trillion in revenues.
At a meeting with National Treasurer Sharon P. Almanza, Mr. Go discussed the Treasury’s efforts to maintain a sustainable debt profile.
He said that “corrective actions must be taken to address current fiscal challenges and strengthen the government's overall fiscal challenges.”
The Philippine sovereign debt stood at P17.46 trillion at the end of September, still above the projected year-end debt level of P17.36 trillion this year.
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