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A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
The Financial Supervision Sector, which enforces and monitors compliance to banking laws to promote a sound and healthy banking system; The Payments and Currency Management Sector, which maintains the safety and integrity of the Philippine currency and ensuring a well-functioning payments and cash ecosystem;
The move to steel shot reduced the use of 16 and 20 gauges for waterfowl hunting, and the shorter, 2 + 3 ⁄ 4-inch (70 mm), 12-gauge shells as well. However, the 3 + 1 ⁄ 2-inch (89 mm) 12-gauge shell, with its higher SAAMI pressure rating of 14,000 psi (97 MPa) compared to standard 2 + 3 ⁄ 4-inch (70 mm) and 3-inch (76 mm) 12-gauge shells ...
The final version was received by President Benigno Aquino III on April 30, 2013 and signed into law on May 29, 2013. On March 4, 2024, the Philippine National Police amended the Implementing Rules and Regulations of R.A. 10591, allowing civilians to own a semi-automatic rifle not more than 7.62 mm caliber. [2]
Specifically, Section 12 of this Act mandates that "the government arsenal shall be utilized in the production of basic weapons, ammunition and other munitions for the use of the Armed Forces of the Philippines and the Philippine National Police (PNP), as well as for the sale and export of products in excess of AFP/PNP requirements." [4]
The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
The Philippine National Bank was established in 1916 with the aim of maintaining the gold exchange standard.To support this, currency reserves were created. However, these reserves, which came from the New York branch of the bank, were later transferred to Manila and used to provide loans to agricultural companies for export.