"BIR posts P197.8-billion budget surplus in April" -- news! Ala eh, para sa akin, that is not news. Hindi ba, such surpluses do happen come April every year, and for the very simple reason that we all pay our annual income taxes on April 15 each year. This is no reason for the BIR to boast off.
As a matter of fact, even with that surplus, the government still had recorded a cumulative collection deficit of P2.9 billion for the period Jan to April. So, that P2.9 budget will be added to the total budget for the year, and the sum will be what the government must collect for the period May to December.
Again, sa isang bagong tax measure na naman nakatutok ang paningin ng BIR. I mean, the new Sin Tax measure now in Congress. But at best the proceeds from this new tax legislation will yet be collected next year, assuming it is passed this year. Then, that Sin Tax proceeds will be added to the new tax budget na kailangang bunuin in 2013. Aba, eh, paano na tayo makaka-ahon sa ating annual collection deficit.
Ergo, my thesis is: New tax measures have never, and will never, retrieve us from annual budget deficit. Lagi na lang bagong buwis ang solusyon natin dito, pero taon-taon budget deficit pa rin tayo. Ah, it's high time the gov't had learned of other cures to this problem.
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