Manila, May 4 -- Department of Finance (DOF) Secretary Carlos Dominguez III has thanked the Congress for its crucial role in ensuring that the government is financially able to meet the challenges of the crisis spawned by the coronavirus disease 2019 (Covid-19) pandemic with the legislative approval of the Tax Reform for Acceleration and Inclusion Act (TRAIN) and a "conservative" 2020 national budget.
Dominguez said the congressional approval of TRAIN three years ago enabled the government to dramatically raise its revenue collections, while the passage of the 2020 national budget made sure that public funds would be prudently spent on priority and essential programs and projects.
"I think we should look back and see what preparations the...