Behind the gift: 2018
budget & TRAIN
President Duterte signed and offered the 2018 P3.77 trillion
budget and the Tax Reform for Acceleration and Inclusion or TRAIN as gifts for
the Filipino people. These we hope would reach the intended parties through
proper management and utilization of funds which are people’s money.
What are in store for us? The budget includes additional
remunerations for the men in uniform: the personnel of the Armed Forces of the Philippines and
Philippine National Police. We pray that they continue to be our defenders and
keepers of the peace with vowed professionalism. Other civil personnel would
get a pay hike by tranches. This also covers free tuition for students in state
universities and colleges and we pray they become more scholarly and committed
to their respective careers. Here’s hoping that those in the private sector
will also get their corresponding pay increases.
The budget also covers widened infrastructure projects, era of
golden infrastructures, and social services to mention health and economic
upliftment plus additives to the Conditional Cash Transfer program, one of
which is the 4Ps for indigent families so they can go through their lives and
be better off in the long run.
One package under the TRAIN is exempting from taxation for those
earning not more than P250,000 a year. We hope that income earners would use
the huge savings for good --- emergency fund and future investment. But we have
to brace for higher price ceilings following added excise taxes on commodities
such as sweetened beverages and petroleum products. This would affect sales and
consumption. Never mind those addicted to cigarettes, alcoholic drinks, and
sweets whose prices will further spiral up but health is wealth guys. Transport
groups are now asking for higher pay hike and motorists will carry the brunt of
higher fuel prices. These added excise taxes will earn for us the necessary
revenues essential for public services. This means responsible spending and
wise and practicable use of earnings.
If the 2018 budget is meant for better public service, then it is
a gift. Of course, we desist imposition of more taxes but revenues have to be
raised to further fill the coffer for expenditures in public service. So be
prudent in spending and check if revenues land to their intended destinations.
Life is full of adjustments and we have to give meaning to these changes,
adjustments, or alterations.
Are the 2018 budget and TRAIN really pro-people and pro-poor?
Let’s see when we cruise another year.