The Aquino administration will begin to feel the pinch of insufficient revenues as early as next year given its failure to legislate new tax measures, a University of the Philippines economics professor said. On the sidelines of a Philippine Center for Economic Development-Institute of Public Economics and Regulations forum, Benjamin Diokno said the government already missed the boat in legislating new taxes as it has less than two years before the next elections. Politicians are reluctant to pass tax measures immediately before an election.
Govt missed the boat in legislating new tax measures, says economist
