Budget chief confident on tax reform, Marawi rehab

Reuters

Posted at Sep 26 2017 05:46 PM

TOKYO - Budget Secretary Benjamin Diokno said on Tuesday that he is confident the tax reform package of 134 billion pesos ($2.6 billion) will be approved. 

The tax reforms, critical to President Rodrigo Duterte's ambitious infrastructure plans, has been approved by the lower house of Congress in May. The bill still needs Senate approval. 

Diokno, speaking on the sidelines of a seminar in Tokyo, also dismissed concerns about the financial impact of the ongoing conflict in Marawi, saying the estimated cost so far is only 3 billion pesos, a fraction of the annual budget. 

Diokno also said he needed to see the final plans for Marawi
before deciding on how to finance reconstruction.