DOF, Tax Academy tapped to guide BARMM officials
SECRETARY Carlos Dominguez III has directed key officials of the Department of Finance (DOF) led by Undersecretary Gil Beltran to guide executives of the new Bangsamoro government in running their finance and budget departments as well as in crafting sound policies and implementing effective revenue-generating measures to ensure the long-term fiscal stability of this new autonomous region in Mindanao.
In a meeting last Friday, Dominguez also directed Beltran to tap the Philippine Tax Academy (PTA) to help educate the new set of government officials of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) on fiscal management, financial planning and budgetrelated matters.
Dominguez told Beltran to form a technical working group (TWG) together with the Department of Budget and Management (DBM); Bureaus of Customs (BOC), of Internal Revenue (BIR) and of Local Government Finance (BLGF); and the Commission on Audit (COA) in assisting the Bangsamoro government, through the Bangsamoro Transition Authority (BTA), initially run its finance and budget departments.
The DOF cochairs with the BARMM minister of budget, finance and management the Intergovernmental Fiscal Policy Board (IGBF), which is designed to address revenue imbalances and fluctuations in the regional financial needs and revenue-raising capacity of the BARMM government.
The other IGBF members are the DBM, Department of Trade and Industry (DTI), National Economic and Development Authority (NEDA) and other BARMM appropriate ministries.
Presidential Peace Adviser Carlito Galvez Jr. said in the meeting at the DOF office in Manila that among the challenges faced by the BARMM are the inefMANILA
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