# Senate Committee on Finance: DOF - September 22, 2026

Source: https://www.youtube.com/watch?v=53YJgm7eogw

AI-assisted working draft. AI can make errors. Always check quotations, names, rulings, and other consequential details against the official video.

**[00:40:00.000] Senator Joseph Victor "JV" G. Ejercito** (asr-000086)  
Good afternoon, ladies and gentlemen. Thank you for attending today's briefing on the fiscal year 2027 proposed expenditure program of the Department of Finance, attached agencies and corporations. I call the briefing to order. Since the plenary session is ongoing, we shall wait for our other colleagues to join us later on.

**[00:40:30.000] Senator Joseph Victor "JV" G. Ejercito** (asr-000087)  
So at this juncture, I'd like to recognize the Committee Secretary to acknowledge the resource persons present for today.

**[00:40:40.000] Committee Secretary** (asr-000087-split-2)  
Thank you, Mr. Chair. Good afternoon. For the briefing on the proposed FY 2027 budget of the Department of Finance and attached agencies and corporations: the Bureau of Customs, Bureau of Internal Revenue, Bureau of Local Government Finance, Bureau of the Treasury, Central Board of Assessment Appeals, Insurance Commission and National Tax Research Center,

**[00:41:00.000] Committee Secretary** (asr-000088)  
the Privatization and Management Office, and the Philippine Tax Academy. We would like to acknowledge our resource persons from DOF. We have Secretary Frederick Go together with Undersecretary Maria Edita Tan, Undersecretary Bayani Agabin, Undersecretary Niño Raymond Alvina, Undersecretary Carlo Fermin Adriano, Undersecretary Catherine Fong, Undersecretary Maria Angela Ignacio, Undersecretary Rolando Ligon Jr., and Undersecretary Joven Balbosa.

**[00:41:30.000] Committee Secretary** (asr-000089)  
Assistant Secretary Neil Adrian Cabiles, Assistant Secretary Chris Joy Diaz Teston, Assistant Secretary Angelica Sarmiento, Assistant Secretary Juvida Nafrata and Assistant Secretary Joel Baloro. For the attached agencies, we have BOC Commissioner Ariel Nepomuceno together with Assistant Secretary Jeek Casipit; BIR Commissioner Charlito Martin Mendoza with Deputy Commissioners Marisa Cabreros and Teresita Angeles; and BLGF Executive Director Ryan Martine.

**[00:42:00.000] Committee Secretary** (asr-000090)  
For the Bureau of the Treasury, Treasurer Sharon Almanza and Deputy Treasurer Kenneth Ian Francisco. For CBAA, Chairperson Robert Tobia and board member Attorney Gualberto Oison. For the Insurance Commission, OIC and Deputy Commissioner for the Management Support Services Group, Deputy Commissioner Ermar Benitez. For NTRC, Executive Director Mark Lester Aure. For PMO, Undersecretary Michael Peter Alejandro.

**[00:42:29.800] Committee Secretary** (asr-000094)  
For PTA, we have President Kiel Beltran. Also present are the heads of the government corporations without subsidy under the proposed FY2027 NEP. For SEC, we have Chairperson Francis Ed Lim. For Field Guarantee, we have President Alberto Pascual and Senior Vice President Giselle Pangal. For DBP, we have President Michael De Jesus and Executive Vice President Catherine Magana.

**[00:42:52.160] Committee Secretary** (asr-000095)  
For LBP, we have PCEO Maria Lynette Ortiz. For Maharlika Investment Corporation, we have PCEO Rafael Jose Consing Jr. and General Counsel Paul Salanga. For SSS, we have PCEO Robert Joseph Declaro.

**[00:43:07.260] Committee Secretary** (asr-000096)  
For the GSIS, we have President and General Manager Jose Arnulfo Veloso and EVP Jason Teng. We have also invited representatives from DBM and COA.

**[00:43:18.360] Committee Secretary** (asr-000097)  
From DBM, we have Ms. Mercedes de la Cruz, Ms. Aileen Malit.

**[00:43:22.160] Committee Secretary** (asr-000098)  
Ms. Faith Quintero and Ms. Hannah Navarro.

**[00:43:24.300] Committee Secretary** (asr-000099)  
For COA, we have Attorney Isabel Sirenia, Ms. Wilma Gismundo, Ms. Marian Catalan, Ms. Nicole Trinidad, Ms. Applejoy Doctolero, Ms. Paula Wilma Candelaria, Mr. Lester Bitangor, Ms. Catherine Mones, Ms. Yelan Castillo, Mr. Noriel Legrimas, Ms. Andrea Marie Alavastro, Mr. John Victor Valle, Mr. Mark Zenin Hipolito, and Ms. Monique Angelique Carvajal.

**[00:43:48.660] Committee Secretary** (asr-000100)  
Thank you, Mr. Chair.

**[00:43:50.220] Senator Joseph Victor "JV" G. Ejercito** (asr-000101)  
Thank you, ComSec.

**[00:43:52.160] Senator Joseph Victor "JV" G. Ejercito** (asr-000102)  
The Chair would like to acknowledge the presence of Senator Francis Pangilina. Thank you, sir, for joining us.

**[00:43:59.020] Senator Francis Kiko Pangilinan** (asr-000103)  
Thank you.

**[00:44:01.760] Senator Joseph Victor "JV" G. Ejercito** (asr-000104)  
Now, the Chair would like to give his opening statement. Good afternoon to our colleagues here at the Senate, guests, and resource persons, and to the Department of Finance.

**[00:44:09.900] Senator Joseph Victor "JV" G. Ejercito** (asr-000105)  
Today, the Committee on Finance will deliberate the proposed budget of the DOF, its attached agencies, and cooperation for the fiscal year 2027,

**[00:44:19.740] Senator Joseph Victor "JV" G. Ejercito** (asr-000106)  
and discuss relevant points in strengthening our economy.

**[00:44:22.320] Senator Joseph Victor "JV" G. Ejercito** (asr-000109)  
Our revenue efforts, managing debt levels, and expanding our financial resources.

**[00:44:28.560] Senator Joseph Victor "JV" G. Ejercito** (asr-000110)  
The Department of Finance plays a critical role in ensuring that the government has sufficient resources to fund our priorities,

**[00:44:36.900] Senator Joseph Victor "JV" G. Ejercito** (asr-000111)  
from healthcare and education to infrastructure, agriculture, social protection, and other essential services.

**[00:44:45.140] Senator Joseph Victor "JV" G. Ejercito** (asr-000112)  
To fund government programs and projects, revenue collection is critical.

**[00:44:49.360] Senator Joseph Victor "JV" G. Ejercito** (asr-000114)  
Kailangan nating malaman ang improvement sa

**[00:44:52.160] Senator Joseph Victor "JV" G. Ejercito** (asr-000115)  
BIR tax administration, digitalization at enforcement ay talagang nagresulta sa mas mataas na koleksyon,

**[00:45:00.000] Senator Joseph Victor "JV" G. Ejercito** (asr-000116)  
mas maayos na compliance at mas kaunting tax leakages.

**[00:45:04.860] Senator Joseph Victor "JV" G. Ejercito** (asr-000117)  
On the other hand, Bureau of Customs continues to face persistent challenges

**[00:45:09.300] Senator Joseph Victor "JV" G. Ejercito** (asr-000118)  
in combating smuggling and illicit trade.

**[00:45:12.300] Senator Joseph Victor "JV" G. Ejercito** (asr-000119)  
Kaya nais nating malaman sa kabila ng mas mababang budget ngayong taon,

**[00:45:17.680] Senator Joseph Victor "JV" G. Ejercito** (asr-000120)  
kaya ba nating palakasin ang border protection,

**[00:45:20.540] Senator Joseph Victor "JV" G. Ejercito** (asr-000121)  
masugpo ang smuggling at mapataas ang revenue collection.

**[00:45:23.420] Senator Joseph Victor "JV" G. Ejercito** (asr-000122)  
As the government continues to operate within a challenging fiscal environment

**[00:45:30.300] Senator Joseph Victor "JV" G. Ejercito** (asr-000123)  
and as we seek additional revenues, equally important are sound debt management,

**[00:45:36.500] Senator Joseph Victor "JV" G. Ejercito** (asr-000124)  
responsible borrowing, and prudent spending.

**[00:45:39.540] Senator Joseph Victor "JV" G. Ejercito** (asr-000125)  
So in discussing the proposed budget today, we want clear answers on three basic questions.

**[00:45:46.080] Senator Joseph Victor "JV" G. Ejercito** (asr-000126)  
Tama at sapat ba ang ating kinukulekta?

**[00:45:49.180] Senator Joseph Victor "JV" G. Ejercito** (asr-000127)  
Maayos at efficient ba nating ginagamit ang bawat piso?

**[00:45:52.660] Senator Joseph Victor "JV" G. Ejercito** (asr-000128)  
At responsable ba nating pinamamahalan ang ating utang at fiscal obligations

**[00:45:58.480] Senator Joseph Victor "JV" G. Ejercito** (asr-000129)  
upang hindi nating ipasa sa susunod na henerasyon?

**[00:46:02.940] Senator Joseph Victor "JV" G. Ejercito** (asr-000130)  
As our economy and fiscal needs continue to evolve,

**[00:46:05.860] Senator Joseph Victor "JV" G. Ejercito** (asr-000131)  
we must ensure that our country remains in a stable and sustainable fiscal position.

**[00:46:11.740] Senator Joseph Victor "JV" G. Ejercito** (asr-000132)  
And we owe it to the Filipino taxpayers to ensure that every peso requested

**[00:46:15.780] Senator Joseph Victor "JV" G. Ejercito** (asr-000133)  
is a peso efficiently and responsibly spent.

**[00:46:19.240] Senator Joseph Victor "JV" G. Ejercito** (asr-000134)  
Today's hearing gives us an opportunity

**[00:46:20.940] Senator Joseph Victor "JV" G. Ejercito** (asr-000135)  
to examine whether we can achieve a sustainable future

**[00:46:22.640] Senator Joseph Victor "JV" G. Ejercito** (asr-000136)  
and whether our revenue strategies, borrowings, investments,

**[00:46:27.200] Senator Joseph Victor "JV" G. Ejercito** (asr-000137)  
and financing mechanisms are putting us on the right track,

**[00:46:31.080] Senator Joseph Victor "JV" G. Ejercito** (asr-000138)  
not only for the coming year but for the years ahead.

**[00:46:34.680] Senator Joseph Victor "JV" G. Ejercito** (asr-000139)  
Thank you very much.

**[00:46:36.540] Senator Joseph Victor "JV" G. Ejercito** (asr-000140)  
And welcome, Secretary Frederick Go, the Undersecretaries,

**[00:46:41.060] Senator Joseph Victor "JV" G. Ejercito** (asr-000141)  
Treasurer Sharon Almanza, the USECs, ASECs, and the heads of agencies.

**[00:46:47.760] Senator Joseph Victor "JV" G. Ejercito** (asr-000142)  
Welcome to the DOF budget briefing.

**[00:46:50.540] Senator Joseph Victor "JV" G. Ejercito** (asr-000143)  
Thank you.

**[00:46:51.560] Senator Joseph Victor "JV" G. Ejercito** (asr-000144)  
I have worked with a lot of people.

**[00:46:52.640] Senator Joseph Victor "JV" G. Ejercito** (asr-000145)  
Some of you, familiar faces.

**[00:46:54.800] Senator Joseph Victor "JV" G. Ejercito** (asr-000146)  
We have passed a lot of vital measures.

**[00:46:58.280] Senator Joseph Victor "JV" G. Ejercito** (asr-000147)  
Pinagod niyo ako.

**[00:47:00.320] Senator Joseph Victor "JV" G. Ejercito** (asr-000148)  
Ilang measures yun, mga technical, but through your help.

**[00:47:03.840] Senator Joseph Victor "JV" G. Ejercito** (asr-000149)  
Yung si Carlo, yung si Catherine Fong.

**[00:47:06.560] Senator Joseph Victor "JV" G. Ejercito** (asr-000150)  
These are the people that backstop, that make me look good.

**[00:47:11.880] Senator Joseph Victor "JV" G. Ejercito** (asr-000151)  
Kahit nahirap at technical yung mga pinagpapasako, salamat sa inyo.

**[00:47:17.200] Senator Joseph Victor "JV" G. Ejercito** (asr-000152)  
Anyway, I'd like to ask Senator Francis Kiko Pangilinan

**[00:47:21.700] Senator Joseph Victor "JV" G. Ejercito** (asr-000153)  
for his opinion.

**[00:47:22.640] Senator Joseph Victor "JV" G. Ejercito** (asr-000154)  
His opening statements, if there's any.

**[00:47:25.120] Senator Francis Kiko Pangilinan** (asr-000155)  
I would rather listen to their presentations, Mr. Chairperson.

**[00:47:29.020] Senator Joseph Victor "JV" G. Ejercito** (asr-000156)  
Okay, since there are no more questions,

**[00:47:30.820] Senator Joseph Victor "JV" G. Ejercito** (asr-000157)  
I now call on Secretary Frederick Go to deliver his opening statement

**[00:47:34.240] Senator Joseph Victor "JV" G. Ejercito** (asr-000158)  
and to present the 2027 proposed expenditure program

**[00:47:38.060] Senator Joseph Victor "JV" G. Ejercito** (asr-000159)  
of the Department of Finance and its attached agencies and corporations.

**[00:47:41.760] Senator Joseph Victor "JV" G. Ejercito** (asr-000160)  
The floor, sir.

**[00:47:43.520] DOF Secretary Frederick D. Go** (asr-000161)  
Thank you, Chairperson Senator JV Ejercito,

**[00:47:47.520] DOF Secretary Frederick D. Go** (asr-000162)  
Vice Chairperson, Senator Kiko Pangilinan,

**[00:47:51.280] DOF Secretary Frederick D. Go** (asr-000163)  
Senate Committee Member,

**[00:47:52.640] DOF Secretary Frederick D. Go** (asr-000164)  
members, colleagues in government, good afternoon.

**[00:47:55.060] DOF Secretary Frederick D. Go** (asr-000165)  
Thank you for this opportunity to present the proposed

**[00:47:57.960] DOF Secretary Frederick D. Go** (asr-000166)  
fiscal year 2027 budget of the Department of Finance,

**[00:48:02.760] DOF Secretary Frederick D. Go** (asr-000167)  
its bureaus, and attached agencies.

**[00:48:06.020] DOF Secretary Frederick D. Go** (asr-000168)  
The DOF has a critical mandate,

**[00:48:08.420] DOF Secretary Frederick D. Go** (asr-000169)  
raise resources the government needs,

**[00:48:11.080] DOF Secretary Frederick D. Go** (asr-000170)  
manage them responsibly,

**[00:48:13.060] DOF Secretary Frederick D. Go** (asr-000171)  
and protect the country's fiscal stability.

**[00:48:16.000] DOF Secretary Frederick D. Go** (asr-000172)  
We are the government's fundraiser,

**[00:48:18.660] DOF Secretary Frederick D. Go** (asr-000173)  
but raising revenue is only one part of the job.

**[00:48:22.640] DOF Secretary Frederick D. Go** (asr-000174)  
We also have to manage debt,

**[00:48:24.820] DOF Secretary Frederick D. Go** (asr-000175)  
strengthen financial systems,

**[00:48:27.300] DOF Secretary Frederick D. Go** (asr-000176)  
improve tax and customs administration,

**[00:48:29.840] DOF Secretary Frederick D. Go** (asr-000177)  
and make sure that the government has the fiscal space

**[00:48:32.540] DOF Secretary Frederick D. Go** (asr-000178)  
to fund its priorities.

**[00:48:36.260] DOF Secretary Frederick D. Go** (asr-000179)  
When this administration took office in 2022,

**[00:48:39.460] DOF Secretary Frederick D. Go** (asr-000180)  
the country was carrying 12.79 trillion

**[00:48:42.200] DOF Secretary Frederick D. Go** (asr-000181)  
in national government debt,

**[00:48:45.200] DOF Secretary Frederick D. Go** (asr-000182)  
much of it accumulated during the pandemic.

**[00:48:48.200] DOF Secretary Frederick D. Go** (asr-000183)  
Our task since then has been clear,

**[00:48:51.320] DOF Secretary Frederick D. Go** (asr-000184)  
rebuild fiscal space,

**[00:48:52.640] DOF Secretary Frederick D. Go** (asr-000185)  
while continuing to support growth

**[00:48:54.520] DOF Secretary Frederick D. Go** (asr-000186)  
and invest in the country's future.

**[00:48:57.520] DOF Secretary Frederick D. Go** (asr-000187)  
As a response,

**[00:48:58.500] DOF Secretary Frederick D. Go** (asr-000188)  
we crafted the country's medium-term fiscal framework in 2022,

**[00:49:02.920] DOF Secretary Frederick D. Go** (asr-000189)  
the government's blueprint for reducing our deficit and debt

**[00:49:05.900] DOF Secretary Frederick D. Go** (asr-000190)  
as a percentage of GDP,

**[00:49:08.460] DOF Secretary Frederick D. Go** (asr-000191)  
while creating more jobs,

**[00:49:10.020] DOF Secretary Frederick D. Go** (asr-000192)  
increasing people's incomes,

**[00:49:11.940] DOF Secretary Frederick D. Go** (asr-000193)  
and reducing poverty.

**[00:49:14.200] DOF Secretary Frederick D. Go** (asr-000194)  
It set us on a path of gradual and sustained fiscal consolidation

**[00:49:18.560] DOF Secretary Frederick D. Go** (asr-000195)  
to restore fiscal space,

**[00:49:20.860] DOF Secretary Frederick D. Go** (asr-000196)  
while continuing to invest in the future,

**[00:49:22.620] DOF Secretary Frederick D. Go** (asr-000197)  
while continuing to invest in the foundations of growth.

**[00:49:25.100] DOF Secretary Frederick D. Go** (asr-000198)  
But our recovery has not happened in an easy environment.

**[00:49:29.840] DOF Secretary Frederick D. Go** (asr-000199)  
Over the years,

**[00:49:30.580] DOF Secretary Frederick D. Go** (asr-000200)  
external pressures and global uncertainties

**[00:49:32.780] DOF Secretary Frederick D. Go** (asr-000201)  
have disrupted supply chains

**[00:49:34.460] DOF Secretary Frederick D. Go** (asr-000202)  
and pushed inflation up,

**[00:49:36.740] DOF Secretary Frederick D. Go** (asr-000203)  
affecting the pace of growth.

**[00:49:39.120] DOF Secretary Frederick D. Go** (asr-000204)  
In this context,

**[00:49:40.440] DOF Secretary Frederick D. Go** (asr-000205)  
we needed to recalibrate our growth and fiscal targets

**[00:49:43.300] DOF Secretary Frederick D. Go** (asr-000206)  
to keep them realistic and responsive

**[00:49:45.460] DOF Secretary Frederick D. Go** (asr-000207)  
to evolving economic conditions.

**[00:49:47.980] DOF Secretary Frederick D. Go** (asr-000208)  
But the direction of our fiscal policy

**[00:49:50.460] DOF Secretary Frederick D. Go** (asr-000209)  
has remained consistent.

**[00:49:51.900] DOF Secretary Frederick D. Go** (asr-000210)  
We have been working hard to ensure that

**[00:49:52.600] DOF Secretary Frederick D. Go** (asr-000211)  
we have pursued stronger revenue collection,

**[00:49:55.240] DOF Secretary Frederick D. Go** (asr-000212)  
disciplined expenditure,

**[00:49:57.020] DOF Secretary Frederick D. Go** (asr-000213)  
and prudent debt management.

**[00:50:00.280] DOF Secretary Frederick D. Go** (asr-000214)  
Total revenues have grown by an average of 10.54% annually

**[00:50:05.360] DOF Secretary Frederick D. Go** (asr-000215)  
over the last four years.

**[00:50:09.080] DOF Secretary Frederick D. Go** (asr-000216)  
And in 2025,

**[00:50:11.040] DOF Secretary Frederick D. Go** (asr-000217)  
the BIR surpassed 3 trillion pesos

**[00:50:13.940] DOF Secretary Frederick D. Go** (asr-000218)  
in tax collections for the first time.

**[00:50:17.080] DOF Secretary Frederick D. Go** (asr-000219)  
We continue to strengthen collections

**[00:50:19.240] DOF Secretary Frederick D. Go** (asr-000220)  
while mobilizing additional non-tax revenues

**[00:50:21.800] DOF Secretary Frederick D. Go** (asr-000221)  
and managing the economy.

**[00:50:22.600] DOF Secretary Frederick D. Go** (asr-000222)  
As a result,

**[00:50:26.820] DOF Secretary Frederick D. Go** (asr-000223)  
the fiscal deficit has continued to narrow

**[00:50:29.120] DOF Secretary Frederick D. Go** (asr-000224)  
as we remain on track

**[00:50:31.180] DOF Secretary Frederick D. Go** (asr-000225)  
toward our medium-term consolidation targets.

**[00:50:35.100] DOF Secretary Frederick D. Go** (asr-000226)  
From 8.6% in 2021

**[00:50:37.300] DOF Secretary Frederick D. Go** (asr-000227)  
and 7.3% in 2022,

**[00:50:40.240] DOF Secretary Frederick D. Go** (asr-000228)  
we are bringing it down to 5.4%

**[00:50:43.100] DOF Secretary Frederick D. Go** (asr-000229)  
by the end of 2026.

**[00:50:47.280] DOF Secretary Frederick D. Go** (asr-000230)  
Our debt indicators also remain manageable.

**[00:50:50.440] DOF Secretary Frederick D. Go** (asr-000231)  
In 2025,

**[00:50:51.700] DOF Secretary Frederick D. Go** (asr-000232)  
national government debt stood at 63.2% of GDP

**[00:50:55.700] DOF Secretary Frederick D. Go** (asr-000233)  
while general government debt settled at 56.8% of GDP,

**[00:51:01.060] DOF Secretary Frederick D. Go** (asr-000234)  
well below the 70% international benchmark

**[00:51:04.080] DOF Secretary Frederick D. Go** (asr-000235)  
for debt sustainability

**[00:51:05.640] DOF Secretary Frederick D. Go** (asr-000236)  
and within a manageable range

**[00:51:08.260] DOF Secretary Frederick D. Go** (asr-000237)  
compared with other emerging economies.

**[00:51:11.680] DOF Secretary Frederick D. Go** (asr-000238)  
More importantly,

**[00:51:13.440] DOF Secretary Frederick D. Go** (asr-000239)  
we have maintained a prudent debt mix,

**[00:51:16.780] DOF Secretary Frederick D. Go** (asr-000240)  
predominantly domestic,

**[00:51:18.280] DOF Secretary Frederick D. Go** (asr-000241)  
predominantly carrying fixed interest rates,

**[00:51:20.300] DOF Secretary Frederick D. Go** (asr-000242)  
and predominantly,

**[00:51:21.700] DOF Secretary Frederick D. Go** (asr-000243)  
structured with long repayment terms

**[00:51:24.480] DOF Secretary Frederick D. Go** (asr-000244)  
of at least five years.

**[00:51:28.540] DOF Secretary Frederick D. Go** (asr-000245)  
First,

**[00:51:29.500] DOF Secretary Frederick D. Go** (asr-000246)  
67% of our debt is domestic.

**[00:51:33.700] DOF Secretary Frederick D. Go** (asr-000247)  
This reduces our exposure to foreign exchange risks

**[00:51:36.620] DOF Secretary Frederick D. Go** (asr-000248)  
while also supporting the continued development

**[00:51:39.400] DOF Secretary Frederick D. Go** (asr-000249)  
of our local capital market.

**[00:51:41.980] DOF Secretary Frederick D. Go** (asr-000250)  
Second,

**[00:51:42.780] DOF Secretary Frederick D. Go** (asr-000251)  
90% of our debt carries fixed interest rates.

**[00:51:46.020] DOF Secretary Frederick D. Go** (asr-000252)  
This provides greater certainty

**[00:51:47.520] DOF Secretary Frederick D. Go** (asr-000253)  
in our debt servicing costs

**[00:51:48.980] DOF Secretary Frederick D. Go** (asr-000254)  
and shields us from sudden increases

**[00:51:51.140] DOF Secretary Frederick D. Go** (asr-000255)  
or fluctuations

**[00:51:51.700] DOF Secretary Frederick D. Go** (asr-000256)  
in global interest rates.

**[00:51:54.380] DOF Secretary Frederick D. Go** (asr-000257)  
And third,

**[00:51:55.580] DOF Secretary Frederick D. Go** (asr-000258)  
84.1% of our debt

**[00:51:57.860] DOF Secretary Frederick D. Go** (asr-000259)  
has long-term repayment periods,

**[00:52:00.560] DOF Secretary Frederick D. Go** (asr-000260)  
meaning we have several years

**[00:52:01.780] DOF Secretary Frederick D. Go** (asr-000261)  
before these obligations fall due.

**[00:52:05.440] DOF Secretary Frederick D. Go** (asr-000262)  
These generally refer to debt

**[00:52:07.880] DOF Secretary Frederick D. Go** (asr-000263)  
with maturities of over five years.

**[00:52:11.520] DOF Secretary Frederick D. Go** (asr-000264)  
This longer maturity profile

**[00:52:13.740] DOF Secretary Frederick D. Go** (asr-000265)  
reduces our refinancing risks

**[00:52:15.720] DOF Secretary Frederick D. Go** (asr-000266)  
and gives us greater predictability

**[00:52:17.780] DOF Secretary Frederick D. Go** (asr-000267)  
in managing our debt obligations.

**[00:52:20.460] DOF Secretary Frederick D. Go** (asr-000268)  
This strategic,

**[00:52:21.700] DOF Secretary Frederick D. Go** (asr-000269)  
borrowing mix

**[00:52:22.640] DOF Secretary Frederick D. Go** (asr-000270)  
strengthened our resilience

**[00:52:24.240] DOF Secretary Frederick D. Go** (asr-000271)  
to external shocks

**[00:52:25.260] DOF Secretary Frederick D. Go** (asr-000272)  
and made our debt obligations

**[00:52:27.120] DOF Secretary Frederick D. Go** (asr-000273)  
more predictable

**[00:52:27.840] DOF Secretary Frederick D. Go** (asr-000274)  
and manageable

**[00:52:28.660] DOF Secretary Frederick D. Go** (asr-000275)  
over the long term.

**[00:52:31.940] DOF Secretary Frederick D. Go** (asr-000276)  
The market's assessment

**[00:52:33.860] DOF Secretary Frederick D. Go** (asr-000277)  
of our fiscal fundamentals

**[00:52:35.400] DOF Secretary Frederick D. Go** (asr-000278)  
is also reflected

**[00:52:36.420] DOF Secretary Frederick D. Go** (asr-000279)  
in the confidence

**[00:52:37.320] DOF Secretary Frederick D. Go** (asr-000280)  
of international investors.

**[00:52:39.880] DOF Secretary Frederick D. Go** (asr-000281)  
Our sovereign credit ratings

**[00:52:41.360] DOF Secretary Frederick D. Go** (asr-000282)  
remain at investment-grade levels.

**[00:52:44.220] DOF Secretary Frederick D. Go** (asr-000283)  
We have two A- ratings

**[00:52:46.040] DOF Secretary Frederick D. Go** (asr-000284)  
from Japanese credit rating agencies,

**[00:52:48.540] DOF Secretary Frederick D. Go** (asr-000285)  
and this reflects

**[00:52:49.780] DOF Secretary Frederick D. Go** (asr-000286)  
continued confidence

**[00:52:50.780] DOF Secretary Frederick D. Go** (asr-000287)  
in the country's

**[00:52:51.680] DOF Secretary Frederick D. Go** (asr-000288)  
economic fundamentals

**[00:52:53.060] DOF Secretary Frederick D. Go** (asr-000289)  
and our capacity

**[00:52:54.500] DOF Secretary Frederick D. Go** (asr-000290)  
to manage our public finances.

**[00:52:58.720] DOF Secretary Frederick D. Go** (asr-000291)  
Higher credit ratings reflect

**[00:53:00.940] DOF Secretary Frederick D. Go** (asr-000292)  
minimal default risk,

**[00:53:02.600] DOF Secretary Frederick D. Go** (asr-000293)  
signaling lenders

**[00:53:04.240] DOF Secretary Frederick D. Go** (asr-000294)  
to offer lower interest rates.

**[00:53:06.680] DOF Secretary Frederick D. Go** (asr-000295)  
When the country can borrow

**[00:53:07.840] DOF Secretary Frederick D. Go** (asr-000296)  
at lower interest rates,

**[00:53:08.920] DOF Secretary Frederick D. Go** (asr-000297)  
private businesses can also borrow

**[00:53:10.800] DOF Secretary Frederick D. Go** (asr-000298)  
at lower interest rates.

**[00:53:13.840] DOF Secretary Frederick D. Go** (asr-000299)  
We have also seen progress

**[00:53:15.080] DOF Secretary Frederick D. Go** (asr-000300)  
in our integration

**[00:53:15.960] DOF Secretary Frederick D. Go** (asr-000301)  
into global capital markets

**[00:53:17.420] DOF Secretary Frederick D. Go** (asr-000302)  
with the upcoming historic debut

**[00:53:19.720] DOF Secretary Frederick D. Go** (asr-000303)  
of our peso-denominated government bonds in

**[00:53:21.620] DOF Secretary Frederick D. Go** (asr-000304)  
JPMorgan's Government Bond Index

**[00:53:24.620] DOF Secretary Frederick D. Go** (asr-000305)  
Emerging Markets

**[00:53:25.620] DOF Secretary Frederick D. Go** (asr-000306)  
in January 2027.

**[00:53:28.700] DOF Secretary Frederick D. Go** (asr-000307)  
This is significant

**[00:53:30.000] DOF Secretary Frederick D. Go** (asr-000308)  
because our first-ever inclusion

**[00:53:31.880] DOF Secretary Frederick D. Go** (asr-000309)  
in a major global bond index

**[00:53:34.520] DOF Secretary Frederick D. Go** (asr-000310)  
reflects a strong vote of confidence

**[00:53:36.440] DOF Secretary Frederick D. Go** (asr-000311)  
in our solid fundamentals

**[00:53:37.940] DOF Secretary Frederick D. Go** (asr-000312)  
and fiscal discipline.

**[00:53:40.580] DOF Secretary Frederick D. Go** (asr-000313)  
These results are the product

**[00:53:42.120] DOF Secretary Frederick D. Go** (asr-000314)  
of disciplined fiscal management,

**[00:53:44.340] DOF Secretary Frederick D. Go** (asr-000315)  
and the 2027 proposed budget

**[00:53:46.500] DOF Secretary Frederick D. Go** (asr-000316)  
carries that same discipline forward.

**[00:53:49.780] DOF Secretary Frederick D. Go** (asr-000317)  
For next year,

**[00:53:51.020] DOF Secretary Frederick D. Go** (asr-000318)  
our new general appropriations

**[00:53:54.420] DOF Secretary Frederick D. Go** (asr-000319)  
amount to 28.6 billion pesos.

**[00:53:58.260] DOF Secretary Frederick D. Go** (asr-000320)  
Automatic appropriations

**[00:54:00.260] DOF Secretary Frederick D. Go** (asr-000321)  
will be 3.4 billion pesos,

**[00:54:02.180] DOF Secretary Frederick D. Go** (asr-000322)  
including retirement

**[00:54:03.740] DOF Secretary Frederick D. Go** (asr-000323)  
and life insurance premiums

**[00:54:05.220] DOF Secretary Frederick D. Go** (asr-000324)  
and special accounts

**[00:54:06.260] DOF Secretary Frederick D. Go** (asr-000325)  
in the general fund.

**[00:54:07.260] DOF Secretary Frederick D. Go** (asr-000326)  
Overall, we have a department-wide allocation

**[00:54:10.520] DOF Secretary Frederick D. Go** (asr-000327)  
of 32.034 billion pesos,

**[00:54:13.220] DOF Secretary Frederick D. Go** (asr-000328)  
which is 3.49% lower

**[00:54:16.300] DOF Secretary Frederick D. Go** (asr-000329)  
than the 2026 GAA level,

**[00:54:19.140] DOF Secretary Frederick D. Go** (asr-000330)  
equivalent to a decrease

**[00:54:21.020] DOF Secretary Frederick D. Go** (asr-000331)  
of 1.159 billion pesos.

**[00:54:25.480] DOF Secretary Frederick D. Go** (asr-000332)  
Against a government

**[00:54:26.460] DOF Secretary Frederick D. Go** (asr-000333)  
that must raise trillions of pesos

**[00:54:29.020] DOF Secretary Frederick D. Go** (asr-000334)  
in revenue

**[00:54:29.700] DOF Secretary Frederick D. Go** (asr-000335)  
and finance trillions more

**[00:54:31.880] DOF Secretary Frederick D. Go** (asr-000336)  
in public expenditure,

**[00:54:33.920] DOF Secretary Frederick D. Go** (asr-000337)  
the DOF and its attached agencies

**[00:54:35.860] DOF Secretary Frederick D. Go** (asr-000338)  
operate on a relatively small budget

**[00:54:39.220] DOF Secretary Frederick D. Go** (asr-000339)  
at 19.4 billion pesos.

**[00:54:42.540] DOF Secretary Frederick D. Go** (asr-000340)  
This accounts for more than half

**[00:54:44.000] DOF Secretary Frederick D. Go** (asr-000341)  
or about 61% of the total

**[00:54:46.100] DOF Secretary Frederick D. Go** (asr-000342)  
DOF proposed budget.

**[00:54:49.180] DOF Secretary Frederick D. Go** (asr-000343)  
Against this budget,

**[00:54:50.740] DOF Secretary Frederick D. Go** (asr-000344)  
the BIR is expected to collect

**[00:54:52.420] DOF Secretary Frederick D. Go** (asr-000345)  
approximately 3.7 trillion pesos

**[00:54:56.340] DOF Secretary Frederick D. Go** (asr-000346)  
in 2027.

**[00:54:58.520] DOF Secretary Frederick D. Go** (asr-000347)  
In other words,

**[00:55:00.080] DOF Secretary Frederick D. Go** (asr-000348)  
the BIR's entire proposed budget

**[00:55:02.160] DOF Secretary Frederick D. Go** (asr-000349)  
is equivalent to two days

**[00:55:04.560] DOF Secretary Frederick D. Go** (asr-000350)  
of projected collections.

**[00:55:06.900] DOF Secretary Frederick D. Go** (asr-000351)  
The Bureau of Customs or the BOC,

**[00:55:09.220] DOF Secretary Frederick D. Go** (asr-000352)  
on the other hand,

**[00:55:10.020] DOF Secretary Frederick D. Go** (asr-000353)  
has a proposed budget

**[00:55:11.000] DOF Secretary Frederick D. Go** (asr-000354)  
of 5.9 billion pesos

**[00:55:12.580] DOF Secretary Frederick D. Go** (asr-000355)  
against projected collections

**[00:55:14.100] DOF Secretary Frederick D. Go** (asr-000356)  
of approximately 1.1 trillion pesos.

**[00:55:18.560] DOF Secretary Frederick D. Go** (asr-000357)  
Its proposed budget is likewise

**[00:55:20.420] DOF Secretary Frederick D. Go** (asr-000358)  
equivalent to about

**[00:55:21.720] DOF Secretary Frederick D. Go** (asr-000359)  
two days of collections.

**[00:55:24.620] DOF Secretary Frederick D. Go** (asr-000360)  
The Bureau of Treasury or the BTR

**[00:55:26.840] DOF Secretary Frederick D. Go** (asr-000361)  
has a proposed allocation

**[00:55:28.080] DOF Secretary Frederick D. Go** (asr-000362)  
of 4.1 billion pesos.

**[00:55:30.620] DOF Secretary Frederick D. Go** (asr-000363)  
Its responsibility is to manage

**[00:55:32.840] DOF Secretary Frederick D. Go** (asr-000364)  
the government's cash,

**[00:55:34.300] DOF Secretary Frederick D. Go** (asr-000365)  
debt, and financing requirements,

**[00:55:36.620] DOF Secretary Frederick D. Go** (asr-000366)  
including the funding

**[00:55:37.620] DOF Secretary Frederick D. Go** (asr-000367)  
of the projected

**[00:55:39.440] DOF Secretary Frederick D. Go** (asr-000368)  
1.7 trillion pesos

**[00:55:42.280] DOF Secretary Frederick D. Go** (asr-000369)  
fiscal deficit in 2027.

**[00:55:46.000] DOF Secretary Frederick D. Go** (asr-000370)  
In terms of allocation,

**[00:55:47.800] DOF Secretary Frederick D. Go** (asr-000371)  
about 52% of our proposed budget

**[00:55:49.940] DOF Secretary Frederick D. Go** (asr-000372)  
under the new government is

**[00:55:50.200] DOF Secretary Frederick D. Go** (asr-000373)  
under the new general

**[00:55:51.440] DOF Secretary Frederick D. Go** (asr-000374)  
and automatic appropriations

**[00:55:53.480] DOF Secretary Frederick D. Go** (asr-000375)  
goes to personal services,

**[00:55:56.180] DOF Secretary Frederick D. Go** (asr-000376)  
35% to maintenance

**[00:55:57.700] DOF Secretary Frederick D. Go** (asr-000377)  
and other operating expenses,

**[00:55:59.440] DOF Secretary Frederick D. Go** (asr-000378)  
and about 13% to capital outlays,

**[00:56:02.720] DOF Secretary Frederick D. Go** (asr-000379)  
and less than 1% to financial expenses.

**[00:56:07.480] DOF Secretary Frederick D. Go** (asr-000380)  
This allocation reflects our focus

**[00:56:09.320] DOF Secretary Frederick D. Go** (asr-000381)  
on workforce upskilling

**[00:56:11.080] DOF Secretary Frederick D. Go** (asr-000382)  
and digital infrastructure.

**[00:56:13.820] DOF Secretary Frederick D. Go** (asr-000383)  
Digitalization and modernization

**[00:56:15.760] DOF Secretary Frederick D. Go** (asr-000384)  
initiatives remain a high priority

**[00:56:18.000] DOF Secretary Frederick D. Go** (asr-000385)  
across all agencies

**[00:56:19.200] DOF Secretary Frederick D. Go** (asr-000386)  
with a total budget

**[00:56:20.160] DOF Secretary Frederick D. Go** (asr-000387)  
of 3.8 billion pesos

**[00:56:21.660] DOF Secretary Frederick D. Go** (asr-000388)  
to transform processes,

**[00:56:23.680] DOF Secretary Frederick D. Go** (asr-000389)  
integrate systems,

**[00:56:24.700] DOF Secretary Frederick D. Go** (asr-000390)  
and deliver faster,

**[00:56:26.160] DOF Secretary Frederick D. Go** (asr-000391)  
more efficient services.

**[00:56:28.440] DOF Secretary Frederick D. Go** (asr-000392)  
At about 66%,

**[00:56:30.780] DOF Secretary Frederick D. Go** (asr-000393)  
the BIR accounts

**[00:56:33.180] DOF Secretary Frederick D. Go** (asr-000394)  
for the largest piece of the pie,

**[00:56:34.800] DOF Secretary Frederick D. Go** (asr-000395)  
followed by the Bureau of Customs

**[00:56:36.160] DOF Secretary Frederick D. Go** (asr-000396)  
at about 15%.

**[00:56:37.960] DOF Secretary Frederick D. Go** (asr-000397)  
These investments are designed

**[00:56:39.740] DOF Secretary Frederick D. Go** (asr-000398)  
to make compliance easier

**[00:56:40.920] DOF Secretary Frederick D. Go** (asr-000399)  
for taxpayers,

**[00:56:42.040] DOF Secretary Frederick D. Go** (asr-000400)  
cut red tape,

**[00:56:43.180] DOF Secretary Frederick D. Go** (asr-000401)  
and foster a culture

**[00:56:44.340] DOF Secretary Frederick D. Go** (asr-000402)  
of transparency

**[00:56:45.440] DOF Secretary Frederick D. Go** (asr-000403)  
in line with the President's call

**[00:56:47.920] DOF Secretary Frederick D. Go** (asr-000404)  
for zero tolerance on

**[00:56:50.160] DOF Secretary Frederick D. Go** (asr-000405)  
Corruption.

**[00:56:51.840] DOF Secretary Frederick D. Go** (asr-000406)  
Now, allow me to present

**[00:56:53.700] DOF Secretary Frederick D. Go** (asr-000407)  
the specific budget proposals

**[00:56:55.220] DOF Secretary Frederick D. Go** (asr-000408)  
of each DOF agency.

**[00:56:57.580] DOF Secretary Frederick D. Go** (asr-000409)  
As mentioned,

**[00:56:58.640] DOF Secretary Frederick D. Go** (asr-000410)  
the BIR has a proposed budget

**[00:57:00.020] DOF Secretary Frederick D. Go** (asr-000411)  
of 19.4 billion pesos,

**[00:57:01.840] DOF Secretary Frederick D. Go** (asr-000412)  
which is 6.9% higher

**[00:57:03.460] DOF Secretary Frederick D. Go** (asr-000413)  
than this year's GAA.

**[00:57:05.440] DOF Secretary Frederick D. Go** (asr-000414)  
This increase is driven in part

**[00:57:06.860] DOF Secretary Frederick D. Go** (asr-000415)  
by higher personnel services,

**[00:57:09.040] DOF Secretary Frederick D. Go** (asr-000416)  
following the compensation adjustments

**[00:57:10.700] DOF Secretary Frederick D. Go** (asr-000417)  
under EO64,

**[00:57:12.400] DOF Secretary Frederick D. Go** (asr-000418)  
Series of 2024.

**[00:57:14.240] DOF Secretary Frederick D. Go** (asr-000419)  
Meanwhile,

**[00:57:14.880] DOF Secretary Frederick D. Go** (asr-000420)  
MOOE will grow by 22.9%

**[00:57:17.200] DOF Secretary Frederick D. Go** (asr-000421)  
to cover increased operating needs

**[00:57:18.880] DOF Secretary Frederick D. Go** (asr-000422)  
and ensure the continuity

**[00:57:20.000] DOF Secretary Frederick D. Go** (asr-000423)  
of the Bureau's critical programs.

**[00:57:23.800] DOF Secretary Frederick D. Go** (asr-000424)  
On the other hand,

**[00:57:24.980] DOF Secretary Frederick D. Go** (asr-000425)  
following the budget increase

**[00:57:26.040] DOF Secretary Frederick D. Go** (asr-000426)  
for building construction

**[00:57:27.060] DOF Secretary Frederick D. Go** (asr-000427)  
and motor vehicle acquisition

**[00:57:28.540] DOF Secretary Frederick D. Go** (asr-000428)  
under the 2026 GAA,

**[00:57:30.460] DOF Secretary Frederick D. Go** (asr-000429)  
capital outlays are proposed

**[00:57:31.940] DOF Secretary Frederick D. Go** (asr-000430)  
to be 83.2% lower

**[00:57:34.740] DOF Secretary Frederick D. Go** (asr-000431)  
in the 2027 budget.

**[00:57:38.240] DOF Secretary Frederick D. Go** (asr-000432)  
The BOC's proposed 2027 budget

**[00:57:40.160] DOF Secretary Frederick D. Go** (asr-000433)  
of 5.9 billion pesos,

**[00:57:41.820] DOF Secretary Frederick D. Go** (asr-000434)  
on the other hand,

**[00:57:42.460] DOF Secretary Frederick D. Go** (asr-000435)  
is 9.7% lower

**[00:57:44.100] DOF Secretary Frederick D. Go** (asr-000436)  
than its 2026 budget.

**[00:57:46.480] DOF Secretary Frederick D. Go** (asr-000437)  
A substantial part

**[00:57:47.400] DOF Secretary Frederick D. Go** (asr-000438)  
of the reduction

**[00:57:48.000] DOF Secretary Frederick D. Go** (asr-000439)  
is in MOOE,

**[00:57:49.080] DOF Secretary Frederick D. Go** (asr-000440)  
particularly in ICT-related requirements.

**[00:57:52.200] DOF Secretary Frederick D. Go** (asr-000441)  
Our priority is to make full

**[00:57:53.400] DOF Secretary Frederick D. Go** (asr-000442)  
and effective use

**[00:57:54.200] DOF Secretary Frederick D. Go** (asr-000443)  
of existing digital systems,

**[00:57:56.620] DOF Secretary Frederick D. Go** (asr-000444)  
improve integration across platforms,

**[00:57:58.840] DOF Secretary Frederick D. Go** (asr-000445)  
and fund the critical requirements

**[00:58:00.820] DOF Secretary Frederick D. Go** (asr-000446)  
needed to move modernization forward.

**[00:58:03.560] DOF Secretary Frederick D. Go** (asr-000447)  
This year-on-year comparison

**[00:58:04.780] DOF Secretary Frederick D. Go** (asr-000448)  
is also affected

**[00:58:05.640] DOF Secretary Frederick D. Go** (asr-000449)  
by the 180.5 million confidential funds

**[00:58:08.560] DOF Secretary Frederick D. Go** (asr-000450)  
specifically provided in the 2026 GAA,

**[00:58:11.640] DOF Secretary Frederick D. Go** (asr-000451)  
which is no longer included

**[00:58:13.100] DOF Secretary Frederick D. Go** (asr-000452)  
in the 2027 NEP.

**[00:58:16.600] DOF Secretary Frederick D. Go** (asr-000453)  
Even with a lower budget,

**[00:58:18.200] DOF Secretary Frederick D. Go** (asr-000454)  
our direction,

**[00:58:18.780] DOF Secretary Frederick D. Go** (asr-000455)  
through the BOC,

**[00:58:19.540] DOF Secretary Frederick D. Go** (asr-000456)  
remains clear and firm,

**[00:58:20.700] DOF Secretary Frederick D. Go** (asr-000457)  
faster and more transparent processes,

**[00:58:22.700] DOF Secretary Frederick D. Go** (asr-000458)  
better use of technology,

**[00:58:24.100] DOF Secretary Frederick D. Go** (asr-000459)  
more effective border administration

**[00:58:25.880] DOF Secretary Frederick D. Go** (asr-000460)  
and enforcement,

**[00:58:26.940] DOF Secretary Frederick D. Go** (asr-000461)  
and more efficient

**[00:58:27.720] DOF Secretary Frederick D. Go** (asr-000462)  
revenue collection.

**[00:58:32.400] DOF Secretary Frederick D. Go** (asr-000463)  
Meanwhile,

**[00:58:33.220] DOF Secretary Frederick D. Go** (asr-000464)  
the BTR's proposed 2027 budget

**[00:58:35.120] DOF Secretary Frederick D. Go** (asr-000465)  
is 4.1 billion pesos,

**[00:58:37.040] DOF Secretary Frederick D. Go** (asr-000466)  
which is 13.7% lower

**[00:58:39.440] DOF Secretary Frederick D. Go** (asr-000467)  
than its 2026 GAA level.

**[00:58:42.520] DOF Secretary Frederick D. Go** (asr-000468)  
Most of the reduction

**[00:58:43.400] DOF Secretary Frederick D. Go** (asr-000469)  
is in MOOE

**[00:58:44.420] DOF Secretary Frederick D. Go** (asr-000470)  
for national government-related requirements,

**[00:58:46.420] DOF Secretary Frederick D. Go** (asr-000471)  
which declines

**[00:58:47.240] DOF Secretary Frederick D. Go** (asr-000472)  
from 576 million pesos

**[00:58:48.780] DOF Secretary Frederick D. Go** (asr-000473)  
to 45.8 million pesos.

**[00:58:51.620] DOF Secretary Frederick D. Go** (asr-000474)  
Based on the BTR's projections,

**[00:58:53.560] DOF Secretary Frederick D. Go** (asr-000475)  
available 2026 appropriations

**[00:58:55.640] DOF Secretary Frederick D. Go** (asr-000476)  
that remain valid through 2027

**[00:58:57.560] DOF Secretary Frederick D. Go** (asr-000477)  
are expected to be sufficient

**[00:58:59.660] DOF Secretary Frederick D. Go** (asr-000478)  
to cover bank transaction fees

**[00:59:01.440] DOF Secretary Frederick D. Go** (asr-000479)  
paid to authorized government depository banks

**[00:59:05.100] DOF Secretary Frederick D. Go** (asr-000480)  
and authorized agent banks

**[00:59:06.800] DOF Secretary Frederick D. Go** (asr-000481)  
for processing collections

**[00:59:08.540] DOF Secretary Frederick D. Go** (asr-000482)  
of the BIR, BOC,

**[00:59:10.880] DOF Secretary Frederick D. Go** (asr-000483)  
and the national collecting officers

**[00:59:12.520] DOF Secretary Frederick D. Go** (asr-000484)  
throughout the year.

**[00:59:14.340] DOF Secretary Frederick D. Go** (asr-000485)  
This adjustment is consistent

**[00:59:15.800] DOF Secretary Frederick D. Go** (asr-000486)  
with the funding level

**[00:59:16.860] DOF Secretary Frederick D. Go** (asr-000487)  
recommended by the DBM.

**[00:59:18.780] DOF Secretary Frederick D. Go** (asr-000488)  
The proposed 2027 budget

**[00:59:22.240] DOF Secretary Frederick D. Go** (asr-000489)  
of the DOF Office of the Secretary

**[00:59:24.340] DOF Secretary Frederick D. Go** (asr-000490)  
is 1.1 billion pesos,

**[00:59:26.220] DOF Secretary Frederick D. Go** (asr-000491)  
which is 13% lower

**[00:59:27.740] DOF Secretary Frederick D. Go** (asr-000492)  
than its 2026 GAA level.

**[00:59:31.160] DOF Secretary Frederick D. Go** (asr-000493)  
I am proud that DOF

**[00:59:32.320] DOF Secretary Frederick D. Go** (asr-000494)  
and several of our attached agencies

**[00:59:35.540] DOF Secretary Frederick D. Go** (asr-000495)  
reduced our budget

**[00:59:36.640] DOF Secretary Frederick D. Go** (asr-000496)  
by double-digit percentages.

**[00:59:39.220] DOF Secretary Frederick D. Go** (asr-000497)  
The decrease mainly comes

**[00:59:40.360] DOF Secretary Frederick D. Go** (asr-000498)  
from lower funding

**[00:59:41.160] DOF Secretary Frederick D. Go** (asr-000499)  
for ICT projects

**[00:59:42.340] DOF Secretary Frederick D. Go** (asr-000500)  
consistent with DBM recommended levels

**[00:59:45.540] DOF Secretary Frederick D. Go** (asr-000501)  
as we wind up

**[00:59:46.440] DOF Secretary Frederick D. Go** (asr-000502)  
the three-year information system

**[00:59:48.120] DOF Secretary Frederick D. Go** (asr-000503)  
strategic plan

**[00:59:48.660] DOF Secretary Frederick D. Go** (asr-000504)  
of the DOF next year.

**[00:59:51.220] DOF Secretary Frederick D. Go** (asr-000505)  
The 2027 proposal

**[00:59:52.740] DOF Secretary Frederick D. Go** (asr-000506)  
also no longer includes

**[00:59:54.100] DOF Secretary Frederick D. Go** (asr-000507)  
the funding provided in 2026

**[00:59:56.220] DOF Secretary Frederick D. Go** (asr-000508)  
for the planned Philippine hosting

**[00:59:58.740] DOF Secretary Frederick D. Go** (asr-000509)  
of the extractive industry

**[01:00:00.000] DOF Secretary Frederick D. Go** (asr-000511)  
Transparency Initiative Global Conference

**[01:00:02.600] DOF Secretary Frederick D. Go** (asr-000512)  
The Insurance Commission's

**[01:00:06.940] DOF Secretary Frederick D. Go** (asr-000513)  
2027 NEP level

**[01:00:08.580] DOF Secretary Frederick D. Go** (asr-000514)  
is 656.7 million

**[01:00:10.760] DOF Secretary Frederick D. Go** (asr-000515)  
which is 44.7%

**[01:00:13.080] DOF Secretary Frederick D. Go** (asr-000516)  
lower than its 2026

**[01:00:14.660] DOF Secretary Frederick D. Go** (asr-000517)  
GA level. The decrease is

**[01:00:16.580] DOF Secretary Frederick D. Go** (asr-000518)  
concentrated in MOE and capital

**[01:00:18.700] DOF Secretary Frederick D. Go** (asr-000519)  
outlay. In the 2027

**[01:00:20.860] DOF Secretary Frederick D. Go** (asr-000520)  
NEP, there's no more funding provision

**[01:00:22.480] DOF Secretary Frederick D. Go** (asr-000521)  
for motor vehicles and certain

**[01:00:24.420] DOF Secretary Frederick D. Go** (asr-000522)  
traveling, training, and consultancy

**[01:00:26.300] DOF Secretary Frederick D. Go** (asr-000523)  
expenses. Funding for

**[01:00:28.380] DOF Secretary Frederick D. Go** (asr-000524)  
ICT requirements under the Commission's

**[01:00:30.260] DOF Secretary Frederick D. Go** (asr-000525)  
Information Systems Strategic Plan and

**[01:00:32.280] DOF Secretary Frederick D. Go** (asr-000526)  
for other professional services

**[01:00:34.360] DOF Secretary Frederick D. Go** (asr-000527)  
is also lower.

**[01:00:36.400] DOF Secretary Frederick D. Go** (asr-000528)  
These amounts are consistent with the funding

**[01:00:38.360] DOF Secretary Frederick D. Go** (asr-000529)  
levels recommended by

**[01:00:40.320] DOF Secretary Frederick D. Go** (asr-000530)  
DBM for 2027.

**[01:00:45.800] DOF Secretary Frederick D. Go** (asr-000531)  
The BLGF NEP level is

**[01:00:48.180] DOF Secretary Frederick D. Go** (asr-000532)  
568.5 million pesos

**[01:00:50.140] DOF Secretary Frederick D. Go** (asr-000533)  
which is 42.9%

**[01:00:52.160] DOF Secretary Frederick D. Go** (asr-000534)  
lower than its 2026

**[01:00:54.460] DOF Secretary Frederick D. Go** (asr-000535)  
GA level. Most of the

**[01:00:56.200] DOF Secretary Frederick D. Go** (asr-000536)  
decrease is due to the 400 million

**[01:00:57.880] DOF Secretary Frederick D. Go** (asr-000537)  
allocation for the

**[01:00:59.820] DOF Secretary Frederick D. Go** (asr-000538)  
ADB-assisted

**[01:01:00.720] DOF Secretary Frederick D. Go** (asr-000539)  
LGRP in 2026 for which

**[01:01:03.940] DOF Secretary Frederick D. Go** (asr-000540)  
there is no corresponding provision in

**[01:01:05.620] DOF Secretary Frederick D. Go** (asr-000541)  
2027 as the foreign-funded project

**[01:01:07.800] DOF Secretary Frederick D. Go** (asr-000542)  
nears its completion.

**[01:01:10.000] DOF Secretary Frederick D. Go** (asr-000543)  
The 2027 NEP also carries

**[01:01:11.720] DOF Secretary Frederick D. Go** (asr-000544)  
no new capital outlay for digitalization

**[01:01:14.040] DOF Secretary Frederick D. Go** (asr-000545)  
projects and transportation equipment

**[01:01:15.800] DOF Secretary Frederick D. Go** (asr-000546)  
that were funded in 2026.

**[01:01:18.540] DOF Secretary Frederick D. Go** (asr-000547)  
However, funding for

**[01:01:19.760] DOF Secretary Frederick D. Go** (asr-000548)  
the BLGF's regular personal services

**[01:01:21.580] DOF Secretary Frederick D. Go** (asr-000549)  
and operating requirements is higher than in

**[01:01:23.540] DOF Secretary Frederick D. Go** (asr-000550)  
2026. The BLGF

**[01:01:25.680] DOF Secretary Frederick D. Go** (asr-000551)  
will nevertheless continue its core work on

**[01:01:27.680] DOF Secretary Frederick D. Go** (asr-000552)  
local revenue administration and fund management

**[01:01:29.800] DOF Secretary Frederick D. Go** (asr-000553)  
as well as the supervision of local

**[01:01:31.600] DOF Secretary Frederick D. Go** (asr-000554)  
treasury and assessment operations.

**[01:01:34.860] DOF Secretary Frederick D. Go** (asr-000555)  
Finally,

**[01:01:35.760] DOF Secretary Frederick D. Go** (asr-000556)  
the NTRC, PMO, and CBAA

**[01:01:37.820] DOF Secretary Frederick D. Go** (asr-000557)  
account for 0.96%

**[01:01:40.220] DOF Secretary Frederick D. Go** (asr-000558)  
of the DOF-wide

**[01:01:41.300] DOF Secretary Frederick D. Go** (asr-000559)  
2027 NEP with a

**[01:01:43.220] DOF Secretary Frederick D. Go** (asr-000560)  
combined allocation of 307.9

**[01:01:46.020] DOF Secretary Frederick D. Go** (asr-000561)  
million pesos.

**[01:01:47.460] DOF Secretary Frederick D. Go** (asr-000562)  
The NTRC's 2027 level

**[01:01:49.580] DOF Secretary Frederick D. Go** (asr-000563)  
is 3.6% lower

**[01:01:51.240] DOF Secretary Frederick D. Go** (asr-000564)  
at 148.4 million

**[01:01:53.580] DOF Secretary Frederick D. Go** (asr-000565)  
pesos mainly due to the

**[01:01:55.380] DOF Secretary Frederick D. Go** (asr-000566)  
non-inclusion of capital outlay provisions

**[01:01:57.560] DOF Secretary Frederick D. Go** (asr-000567)  
for ICT equipment and motor vehicles

**[01:01:59.520] DOF Secretary Frederick D. Go** (asr-000568)  
in the 2027 NEP.

**[01:02:01.860] DOF Secretary Frederick D. Go** (asr-000569)  
The PMO's budget at

**[01:02:03.100] DOF Secretary Frederick D. Go** (asr-000570)  
134.8 million pesos

**[01:02:05.100] DOF Secretary Frederick D. Go** (asr-000571)  
has a very minimal increase generally

**[01:02:07.640] DOF Secretary Frederick D. Go** (asr-000572)  
attributed to compensation

**[01:02:09.120] DOF Secretary Frederick D. Go** (asr-000573)  
adjustments.

**[01:02:11.520] DOF Secretary Frederick D. Go** (asr-000574)  
Similarly, the CBAA's proposed budget

**[01:02:13.460] DOF Secretary Frederick D. Go** (asr-000575)  
of 24.7 million pesos is higher

**[01:02:15.680] DOF Secretary Frederick D. Go** (asr-000576)  
mainly because of

**[01:02:16.960] DOF Secretary Frederick D. Go** (asr-000577)  
increased personnel services

**[01:02:19.260] DOF Secretary Frederick D. Go** (asr-000578)  
requirements under EO64.

**[01:02:23.340] DOF Secretary Frederick D. Go** (asr-000579)  
As I close,

**[01:02:25.420] DOF Secretary Frederick D. Go** (asr-000580)  
let me assure you that this budget proposal,

**[01:02:27.300] DOF Secretary Frederick D. Go** (asr-000581)  
adheres to the highest standards of

**[01:02:29.060] DOF Secretary Frederick D. Go** (asr-000582)  
fiscal discipline

**[01:02:30.000] DOF Secretary Frederick D. Go** (asr-000583)  
and prudent financial management.

**[01:02:33.380] DOF Secretary Frederick D. Go** (asr-000584)  
In fact, for five consecutive years,

**[01:02:35.300] DOF Secretary Frederick D. Go** (asr-000585)  
the DOF Office of the

**[01:02:37.240] DOF Secretary Frederick D. Go** (asr-000586)  
Secretary has earned an unmodified

**[01:02:39.360] DOF Secretary Frederick D. Go** (asr-000587)  
opinion from the Commission on Audit.

**[01:02:41.880] DOF Secretary Frederick D. Go** (asr-000588)  
This is a solid testament

**[01:02:43.220] DOF Secretary Frederick D. Go** (asr-000589)  
that the DOF

**[01:02:45.060] DOF Secretary Frederick D. Go** (asr-000590)  
raises, manages, and

**[01:02:47.120] DOF Secretary Frederick D. Go** (asr-000591)  
spends public funds with integrity,

**[01:02:49.500] DOF Secretary Frederick D. Go** (asr-000592)  
accountability, and utmost respect

**[01:02:51.440] DOF Secretary Frederick D. Go** (asr-000593)  
for every peso earned

**[01:02:52.640] DOF Secretary Frederick D. Go** (asr-000594)  
by the Filipino taxpayer.

**[01:02:55.480] DOF Secretary Frederick D. Go** (asr-000595)  
Beyond the size

**[01:02:57.920] DOF Secretary Frederick D. Go** (asr-000596)  
of our budget, we are equally

**[01:02:59.580] DOF Secretary Frederick D. Go** (asr-000597)  
mindful of how it is executed.

**[01:03:02.580] DOF Secretary Frederick D. Go** (asr-000598)  
At year-end

**[01:03:03.680] DOF Secretary Frederick D. Go** (asr-000599)  
2025, the DOF-wide obligation

**[01:03:05.760] DOF Secretary Frederick D. Go** (asr-000600)  
rate stood at 87%,

**[01:03:07.660] DOF Secretary Frederick D. Go** (asr-000601)  
while 90% of its obligations

**[01:03:09.600] DOF Secretary Frederick D. Go** (asr-000602)  
has been disbursed.

**[01:03:13.280] DOF Secretary Frederick D. Go** (asr-000603)  
To update you

**[01:03:14.100] DOF Secretary Frederick D. Go** (asr-000604)  
on our current year performance, as of

**[01:03:15.680] DOF Secretary Frederick D. Go** (asr-000605)  
July 31, 2026, the Department,

**[01:03:17.800] DOF Secretary Frederick D. Go** (asr-000606)  
its bureaus, and attached agencies had

**[01:03:19.540] DOF Secretary Frederick D. Go** (asr-000607)  
obligated 49%

**[01:03:21.540] DOF Secretary Frederick D. Go** (asr-000608)  
of available allotments under the

**[01:03:23.440] DOF Secretary Frederick D. Go** (asr-000609)  
2026 GAA. Of these

**[01:03:25.460] DOF Secretary Frederick D. Go** (asr-000610)  
obligations, 75% had

**[01:03:27.540] DOF Secretary Frederick D. Go** (asr-000611)  
already been disbursed.

**[01:03:29.380] DOF Secretary Frederick D. Go** (asr-000612)  
In the DOF, we understand that good

**[01:03:31.500] DOF Secretary Frederick D. Go** (asr-000613)  
budget execution requires both timely

**[01:03:33.460] DOF Secretary Frederick D. Go** (asr-000614)  
implementation and prudent use of public

**[01:03:35.580] DOF Secretary Frederick D. Go** (asr-000615)  
funds. That same discipline

**[01:03:37.520] DOF Secretary Frederick D. Go** (asr-000616)  
applies to our day-to-day operations.

**[01:03:40.300] DOF Secretary Frederick D. Go** (asr-000617)  
We continue to observe

**[01:03:41.400] DOF Secretary Frederick D. Go** (asr-000618)  
government-wide measures and energy

**[01:03:43.260] DOF Secretary Frederick D. Go** (asr-000619)  
conservation, prudent official

**[01:03:45.460] DOF Secretary Frederick D. Go** (asr-000620)  
travel, without compromising

**[01:03:47.620] DOF Secretary Frederick D. Go** (asr-000621)  
public service delivery.

**[01:03:50.560] DOF Secretary Frederick D. Go** (asr-000622)  
Mr. Chair, the

**[01:03:51.480] DOF Secretary Frederick D. Go** (asr-000623)  
DOF may operate on a budget of 32

**[01:03:53.460] DOF Secretary Frederick D. Go** (asr-000624)  
billion pesos, but we are responsible.

**[01:03:55.460] DOF Secretary Frederick D. Go** (asr-000625)  
For raising and

**[01:03:57.420] DOF Secretary Frederick D. Go** (asr-000626)  
managing resources measured in

**[01:03:59.200] DOF Secretary Frederick D. Go** (asr-000627)  
trillions. Our

**[01:04:00.960] DOF Secretary Frederick D. Go** (asr-000628)  
2027 budget is built around three priorities,

**[01:04:03.680] DOF Secretary Frederick D. Go** (asr-000629)  
strengthen revenue collection, modernize

**[01:04:05.480] DOF Secretary Frederick D. Go** (asr-000630)  
our systems and capabilities, and protect

**[01:04:07.520] DOF Secretary Frederick D. Go** (asr-000631)  
the country's fiscal position.

**[01:04:09.780] DOF Secretary Frederick D. Go** (asr-000632)  
We will continue to operate with

**[01:04:11.300] DOF Secretary Frederick D. Go** (asr-000633)  
discipline, executed

**[01:04:13.220] DOF Secretary Frederick D. Go** (asr-000634)  
accountability, and invest where we can deliver

**[01:04:15.180] DOF Secretary Frederick D. Go** (asr-000635)  
measurable value. We are not asking

**[01:04:17.460] DOF Secretary Frederick D. Go** (asr-000636)  
the government to spend more

**[01:04:19.420] DOF Secretary Frederick D. Go** (asr-000637)  
or less. We are asking

**[01:04:21.520] DOF Secretary Frederick D. Go** (asr-000638)  
that every peso do

**[01:04:23.100] DOF Secretary Frederick D. Go** (asr-000639)  
more. This is

**[01:04:25.420] DOF Secretary Frederick D. Go** (asr-000640)  
the standard we will hold ourselves

**[01:04:27.000] DOF Secretary Frederick D. Go** (asr-000641)  
to in 2027

**[01:04:29.320] DOF Secretary Frederick D. Go** (asr-000642)  
and that is our commitment to the Filipino

**[01:04:31.240] DOF Secretary Frederick D. Go** (asr-000643)  
people. Thank you, Mr. Chair and

**[01:04:33.340] DOF Secretary Frederick D. Go** (asr-000644)  
members of the committee. Together with

**[01:04:35.340] DOF Secretary Frederick D. Go** (asr-000645)  
all the heads of the bureaus and attached

**[01:04:37.380] DOF Secretary Frederick D. Go** (asr-000646)  
agencies of the Department of Finance,

**[01:04:40.160] DOF Secretary Frederick D. Go** (asr-000647)  
we are ready to respond

**[01:04:41.320] DOF Secretary Frederick D. Go** (asr-000648)  
to your questions.

**[01:04:42.770] Senator Joseph Victor "JV" G. Ejercito** (asr-000648-split-2)  
Thank you,

**[01:04:43.700] Senator Joseph Victor "JV" G. Ejercito** (asr-000649)  
Secretary Frederick Go.

**[01:04:45.640] Senator Joseph Victor "JV" G. Ejercito** (asr-000650)  
At this juncture, before

**[01:04:47.200] Senator Joseph Victor "JV" G. Ejercito** (asr-000651)  
we proceed to the questions

**[01:04:49.660] Senator Joseph Victor "JV" G. Ejercito** (asr-000652)  
of our colleagues,

**[01:04:51.620] Senator Joseph Victor "JV" G. Ejercito** (asr-000653)  
the Chair would like to recognize

**[01:04:53.340] Senator Joseph Victor "JV" G. Ejercito** (asr-000654)  
the presence of Senator Erwin Tulfo.

**[01:04:55.420] Senator Joseph Victor "JV" G. Ejercito** (asr-000655)  
Thank you, sir, for joining us. You may

**[01:04:57.100] Senator Joseph Victor "JV" G. Ejercito** (asr-000656)  
want to make

**[01:04:59.540] Senator Joseph Victor "JV" G. Ejercito** (asr-000657)  
an opening statement.

**[01:05:00.800] Senator Erwin Tulfo** (asr-000657-split-2)  
Thank you, Mr. Chair.

**[01:05:01.680] Senator Erwin Tulfo** (asr-000658)  
Actually, I have a hearing

**[01:05:02.980] Senator Erwin Tulfo** (asr-000659)  
next door with the

**[01:05:05.400] Senator Erwin Tulfo** (asr-000660)  
Philippine Reclamation Authority.

**[01:05:07.560] Senator Erwin Tulfo** (asr-000661)  
I'd just like to

**[01:05:08.340] Senator Erwin Tulfo** (asr-000662)  
support

**[01:05:11.260] Senator Erwin Tulfo** (asr-000663)  
Mr. Chairman

**[01:05:12.640] Senator Erwin Tulfo** (asr-000664)  
the budget requested

**[01:05:15.260] Senator Erwin Tulfo** (asr-000665)  
by the Department of Finance.

**[01:05:18.640] Senator Erwin Tulfo** (asr-000666)  
I noticed that there

**[01:05:21.420] Senator Erwin Tulfo** (asr-000667)  
will be some

**[01:05:22.160] Senator Erwin Tulfo** (asr-000668)  
or binawasan po

**[01:05:24.220] Senator Erwin Tulfo** (asr-000669)  
yung budget.

**[01:05:25.420] Senator Erwin Tulfo** (asr-000670)  
But I am for

**[01:05:27.100] Senator Erwin Tulfo** (asr-000671)  
I am for

**[01:05:29.280] Senator Erwin Tulfo** (asr-000672)  
actually, I support

**[01:05:31.740] Senator Erwin Tulfo** (asr-000673)  
the budget, their budget proposal

**[01:05:33.620] Senator Erwin Tulfo** (asr-000674)  
for next year. And I believe, Mr.

**[01:05:35.840] Senator Erwin Tulfo** (asr-000675)  
Chair, my own opinion,

**[01:05:37.620] Senator Erwin Tulfo** (asr-000676)  
since they're our money-making

**[01:05:39.920] Senator Erwin Tulfo** (asr-000677)  
agency, they're the ones,

**[01:05:41.960] Senator Erwin Tulfo** (asr-000678)  
they're the backbone of our

**[01:05:43.580] Senator Erwin Tulfo** (asr-000679)  
Ikanga funds for

**[01:05:45.700] Senator Erwin Tulfo** (asr-000680)  
next year, then why don't we give them

**[01:05:47.680] Senator Erwin Tulfo** (asr-000681)  
what they want and perhaps even

**[01:05:49.580] Senator Erwin Tulfo** (asr-000682)  
increase

**[01:05:50.380] Senator Erwin Tulfo** (asr-000683)  
what was our putback, what

**[01:05:53.660] Senator Erwin Tulfo** (asr-000684)  
was taken from them, from their

**[01:05:55.300] Senator Erwin Tulfo** (asr-000685)  
budget. Thank you, Mr. Chairman.

**[01:05:57.740] Senator Joseph Victor "JV" G. Ejercito** (asr-000686)  
Thank you, Senator

**[01:05:59.340] Senator Joseph Victor "JV" G. Ejercito** (asr-000687)  
Tulfo.

**[01:06:01.100] Senator Joseph Victor "JV" G. Ejercito** (asr-000688)  
Well, most agencies received

**[01:06:03.080] Senator Joseph Victor "JV" G. Ejercito** (asr-000689)  
Yes, Secretary Fred

**[01:06:04.940] Senator Joseph Victor "JV" G. Ejercito** (asr-000690)  
Go.

**[01:06:06.460] DOF Secretary Frederick D. Go** (asr-000690-split-2)  
Thank you, Mr.

**[01:06:07.240] DOF Secretary Frederick D. Go** (asr-000691)  
Chair. I'd like to respond. I'd like to express

**[01:06:09.300] DOF Secretary Frederick D. Go** (asr-000692)  
my sincerest appreciation and gratitude

**[01:06:11.220] DOF Secretary Frederick D. Go** (asr-000693)  
for the statement made by Senator

**[01:06:13.020] DOF Secretary Frederick D. Go** (asr-000694)  
Erwin Tulfo.

**[01:06:15.620] DOF Secretary Frederick D. Go** (asr-000695)  
We really appreciate what

**[01:06:17.260] DOF Secretary Frederick D. Go** (asr-000696)  
you just said. As a matter of fact, before you

**[01:06:19.120] DOF Secretary Frederick D. Go** (asr-000697)  
stepped in, Mr. Senator,

**[01:06:21.260] DOF Secretary Frederick D. Go** (asr-000698)  
we actually mentioned that

**[01:06:23.180] DOF Secretary Frederick D. Go** (asr-000699)  
the budget of the BIR is

**[01:06:25.220] DOF Secretary Frederick D. Go** (asr-000700)  
only equivalent to two days

**[01:06:26.760] DOF Secretary Frederick D. Go** (asr-000701)  
collection and the budget of the

**[01:06:29.020] DOF Secretary Frederick D. Go** (asr-000702)  
Bureau of Customs is only equivalent to

**[01:06:30.840] DOF Secretary Frederick D. Go** (asr-000703)  
two days of collection

**[01:06:32.580] DOF Secretary Frederick D. Go** (asr-000704)  
and the DOF is actually

**[01:06:35.180] DOF Secretary Frederick D. Go** (asr-000705)  
we actually even received a

**[01:06:37.140] DOF Secretary Frederick D. Go** (asr-000706)  
NEP that had several

**[01:06:38.840] DOF Secretary Frederick D. Go** (asr-000707)  
reductions from our

**[01:06:40.640] DOF Secretary Frederick D. Go** (asr-000708)  
2026 levels.

**[01:06:43.500] DOF Secretary Frederick D. Go** (asr-000709)  
Thank you.

**[01:06:44.450] Senator Erwin Tulfo** (asr-000709-split-2)  
You're welcome,

**[01:06:45.660] Senator Erwin Tulfo** (asr-000710)  
Mr. Chair.

**[01:06:46.880] Senator Joseph Victor "JV" G. Ejercito** (asr-000711)  
Thank you, Senator Tulfo.

**[01:06:48.940] Senator Joseph Victor "JV" G. Ejercito** (asr-000712)  
Actually, there are ongoing

**[01:06:51.020] Senator Joseph Victor "JV" G. Ejercito** (asr-000713)  
budget hearings also. Senator Tulfo

**[01:06:52.940] Senator Joseph Victor "JV" G. Ejercito** (asr-000714)  
will be chairing budget

**[01:06:55.220] Senator Joseph Victor "JV" G. Ejercito** (asr-000715)  
hearings of several

**[01:06:56.880] Senator Joseph Victor "JV" G. Ejercito** (asr-000716)  
agencies. First to ask

**[01:06:59.280] Senator Joseph Victor "JV" G. Ejercito** (asr-000717)  
questions, first to arrive is of course

**[01:07:00.800] Senator Joseph Victor "JV" G. Ejercito** (asr-000718)  
Senator Francis Kiko

**[01:07:03.000] Senator Joseph Victor "JV" G. Ejercito** (asr-000719)  
Pangilinan. Sir, you go ahead with your

**[01:07:04.500] Senator Joseph Victor "JV" G. Ejercito** (asr-000720)  
questions.

**[01:07:05.390] Senator Francis Kiko Pangilinan** (asr-000720-split-2)  
Thank you,

**[01:07:07.100] Senator Francis Kiko Pangilinan** (asr-000721)  
Chairperson JV,

**[01:07:09.080] Senator Francis Kiko Pangilinan** (asr-000722)  
Senator JV. Magandang

**[01:07:11.160] Senator Francis Kiko Pangilinan** (asr-000723)  
hapon sa kanilang lahat.

**[01:07:13.960] Senator Francis Kiko Pangilinan** (asr-000724)  
I'd like to focus on

**[01:07:15.100] Senator Francis Kiko Pangilinan** (asr-000725)  
a few items.

**[01:07:17.780] Senator Francis Kiko Pangilinan** (asr-000726)  
First would be the

**[01:07:19.260] Senator Francis Kiko Pangilinan** (asr-000727)  
how much do we lose to smuggling?

**[01:07:23.280] Senator Francis Kiko Pangilinan** (asr-000728)  
What is the status of?

**[01:07:25.220] Senator Francis Kiko Pangilinan** (asr-000729)  
The single window

**[01:07:26.060] Senator Francis Kiko Pangilinan** (asr-000730)  
project?

**[01:07:28.700] Senator Francis Kiko Pangilinan** (asr-000731)  
When do you expect it to be fully operational?

**[01:07:32.400] Senator Francis Kiko Pangilinan** (asr-000732)  
I remember

**[01:07:33.040] Senator Francis Kiko Pangilinan** (asr-000733)  
in last

**[01:07:33.900] Senator Francis Kiko Pangilinan** (asr-000734)  
last budget

**[01:07:37.160] Senator Francis Kiko Pangilinan** (asr-000735)  
season, the estimate

**[01:07:38.940] Senator Francis Kiko Pangilinan** (asr-000736)  
losses in smuggling

**[01:07:41.380] Senator Francis Kiko Pangilinan** (asr-000737)  
was about 160

**[01:07:43.260] Senator Francis Kiko Pangilinan** (asr-000738)  
170 billion.

**[01:07:45.480] Senator Francis Kiko Pangilinan** (asr-000739)  
I don't know if that's updated.

**[01:07:47.640] Senator Francis Kiko Pangilinan** (asr-000740)  
Do you have estimates

**[01:07:49.200] Senator Francis Kiko Pangilinan** (asr-000741)  
and what is the status

**[01:07:51.240] Senator Francis Kiko Pangilinan** (asr-000742)  
of the law

**[01:07:53.300] Senator Francis Kiko Pangilinan** (asr-000743)  
that mandates a single window?

**[01:07:55.220] Senator Francis Kiko Pangilinan** (asr-000744)  
I say this because

**[01:07:56.480] Senator Francis Kiko Pangilinan** (asr-000745)  
well, precisely

**[01:07:59.300] Senator Francis Kiko Pangilinan** (asr-000746)  
when you have the single window, then

**[01:08:01.120] Senator Francis Kiko Pangilinan** (asr-000747)  
your document,

**[01:08:03.400] Senator Francis Kiko Pangilinan** (asr-000748)  
there is

**[01:08:03.820] Senator Francis Kiko Pangilinan** (asr-000749)  
a paper trail as to

**[01:08:07.300] Senator Francis Kiko Pangilinan** (asr-000750)  
what comes in, what comes out.

**[01:08:10.000] Senator Francis Kiko Pangilinan** (asr-000751)  
Clearly,

**[01:08:11.060] Senator Francis Kiko Pangilinan** (asr-000752)  
we will

**[01:08:13.380] Senator Francis Kiko Pangilinan** (asr-000753)  
do away with.

**[01:08:16.600] Senator Francis Kiko Pangilinan** (asr-000754)  
Nagtuturoan,

**[01:08:18.000] Senator Francis Kiko Pangilinan** (asr-000755)  
iba-iba ang dokumento,

**[01:08:20.540] Senator Francis Kiko Pangilinan** (asr-000756)  
iba sinasabi

**[01:08:21.380] Senator Francis Kiko Pangilinan** (asr-000757)  
ng BOC,

**[01:08:23.140] Senator Francis Kiko Pangilinan** (asr-000758)  
iba sinasabi ng DA.

**[01:08:25.220] Senator Francis Kiko Pangilinan** (asr-000759)  
I remember

**[01:08:29.960] Senator Francis Kiko Pangilinan** (asr-000760)  
a simple concept

**[01:08:32.720] Senator Francis Kiko Pangilinan** (asr-000761)  
of single window is

**[01:08:33.960] Senator Francis Kiko Pangilinan** (asr-000762)  
when I was

**[01:08:35.500] Senator Francis Kiko Pangilinan** (asr-000763)  
food security secretary

**[01:08:37.000] Senator Francis Kiko Pangilinan** (asr-000764)  
and chairman

**[01:08:39.900] Senator Francis Kiko Pangilinan** (asr-000765)  
of the board of NFA,

**[01:08:42.360] Senator Francis Kiko Pangilinan** (asr-000766)  
I was

**[01:08:43.920] Senator Francis Kiko Pangilinan** (asr-000767)  
perplexed that the BOC

**[01:08:45.980] Senator Francis Kiko Pangilinan** (asr-000768)  
had a different

**[01:08:48.040] Senator Francis Kiko Pangilinan** (asr-000769)  
set of documents for rice

**[01:08:49.960] Senator Francis Kiko Pangilinan** (asr-000770)  
importation

**[01:08:50.660] Senator Francis Kiko Pangilinan** (asr-000771)  
compared to the

**[01:08:53.840] Senator Francis Kiko Pangilinan** (asr-000772)  
NFA.

**[01:08:55.220] Senator Francis Kiko Pangilinan** (asr-000773)  
Which then had a

**[01:08:56.460] Senator Francis Kiko Pangilinan** (asr-000774)  
monopoly.

**[01:08:57.660] Senator Francis Kiko Pangilinan** (asr-000775)  
They weren't sharing

**[01:08:59.380] Senator Francis Kiko Pangilinan** (asr-000776)  
information when I stepped in.

**[01:09:02.680] Senator Francis Kiko Pangilinan** (asr-000777)  
So much so that

**[01:09:03.500] Senator Francis Kiko Pangilinan** (asr-000778)  
when the BOC

**[01:09:06.000] Senator Francis Kiko Pangilinan** (asr-000779)  
seizes

**[01:09:07.680] Senator Francis Kiko Pangilinan** (asr-000780)  
what

**[01:09:09.720] Senator Francis Kiko Pangilinan** (asr-000781)  
was reported to be

**[01:09:11.780] Senator Francis Kiko Pangilinan** (asr-000782)  
illegally

**[01:09:12.340] Senator Francis Kiko Pangilinan** (asr-000783)  
smuggled rice,

**[01:09:15.840] Senator Francis Kiko Pangilinan** (asr-000784)  
ang kwento nun is

**[01:09:17.720] Senator Francis Kiko Pangilinan** (asr-000785)  
biglang lalabas yung

**[01:09:19.320] Senator Francis Kiko Pangilinan** (asr-000786)  
NFA with a document

**[01:09:21.560] Senator Francis Kiko Pangilinan** (asr-000787)  
saying they have a permit.

**[01:09:25.220] Senator Francis Kiko Pangilinan** (asr-000788)  
In other words,

**[01:09:27.880] Senator Francis Kiko Pangilinan** (asr-000789)  
they were siloing.

**[01:09:31.280] Senator Francis Kiko Pangilinan** (asr-000790)  
So what we just,

**[01:09:33.760] Senator Francis Kiko Pangilinan** (asr-000791)  
a simple

**[01:09:34.260] Senator Francis Kiko Pangilinan** (asr-000792)  
setup was,

**[01:09:37.200] Senator Francis Kiko Pangilinan** (asr-000793)  
I told then the late Bertlina

**[01:09:39.400] Senator Francis Kiko Pangilinan** (asr-000794)  
and the administrator

**[01:09:41.160] Senator Francis Kiko Pangilinan** (asr-000795)  
of NFA

**[01:09:42.080] Senator Francis Kiko Pangilinan** (asr-000796)  
that we have one

**[01:09:44.480] Senator Francis Kiko Pangilinan** (asr-000797)  
document.

**[01:09:46.760] Senator Francis Kiko Pangilinan** (asr-000798)  
Same document.

**[01:09:48.260] Senator Francis Kiko Pangilinan** (asr-000799)  
We shared the same document because

**[01:09:49.920] Senator Francis Kiko Pangilinan** (asr-000800)  
then it was the

**[01:09:52.000] Senator Francis Kiko Pangilinan** (asr-000801)  
NFA that would approve the permits.

**[01:09:55.220] Senator Francis Kiko Pangilinan** (asr-000802)  
And then,

**[01:09:56.600] Senator Francis Kiko Pangilinan** (asr-000803)  
and therefore they had copies of the

**[01:09:59.440] Senator Francis Kiko Pangilinan** (asr-000804)  
what was legally

**[01:10:00.940] Senator Francis Kiko Pangilinan** (asr-000805)  
imported rice.

**[01:10:03.460] Senator Francis Kiko Pangilinan** (asr-000806)  
So we said,

**[01:10:05.260] Senator Francis Kiko Pangilinan** (asr-000807)  
we shared it with the BOC.

**[01:10:08.540] Senator Francis Kiko Pangilinan** (asr-000808)  
And lo and behold,

**[01:10:10.380] Senator Francis Kiko Pangilinan** (asr-000809)  
you know, we were confiscating

**[01:10:11.880] Senator Francis Kiko Pangilinan** (asr-000810)  
400 million, 500 million

**[01:10:14.160] Senator Francis Kiko Pangilinan** (asr-000811)  
worth of illegally

**[01:10:15.760] Senator Francis Kiko Pangilinan** (asr-000812)  
imported rice because we had one document.

**[01:10:18.540] Senator Francis Kiko Pangilinan** (asr-000813)  
And that's the whole principle of the

**[01:10:20.040] Senator Francis Kiko Pangilinan** (asr-000814)  
single window.

**[01:10:22.100] Senator Francis Kiko Pangilinan** (asr-000815)  
And that's how you address smuggling.

**[01:10:23.920] Senator Francis Kiko Pangilinan** (asr-000816)  
So anyway,

**[01:10:25.220] Senator Francis Kiko Pangilinan** (asr-000817)  
how much is the estimated

**[01:10:27.120] Senator Francis Kiko Pangilinan** (asr-000818)  
losses in terms of

**[01:10:29.720] Senator Francis Kiko Pangilinan** (asr-000819)  
tariffs, in terms of

**[01:10:31.280] Senator Francis Kiko Pangilinan** (asr-000820)  
duties

**[01:10:33.680] Senator Francis Kiko Pangilinan** (asr-000821)  
to smuggling?

**[01:10:36.300] Senator Francis Kiko Pangilinan** (asr-000822)  
And what is the

**[01:10:37.780] Senator Francis Kiko Pangilinan** (asr-000823)  
status of the single

**[01:10:38.760] Senator Francis Kiko Pangilinan** (asr-000824)  
window project?

**[01:10:42.360] DOF Secretary Frederick D. Go** (asr-000825)  
Yes, Mr. Vice Chair.

**[01:10:44.160] DOF Secretary Frederick D. Go** (asr-000826)  
Thank you.

**[01:10:45.480] DOF Secretary Frederick D. Go** (asr-000827)  
I will ask the Commissioner of Customs

**[01:10:49.860] DOF Secretary Frederick D. Go** (asr-000828)  
to answer your first question.

**[01:10:51.320] DOF Secretary Frederick D. Go** (asr-000829)  
And then I will ask the Undersecretary

**[01:10:53.460] DOF Secretary Frederick D. Go** (asr-000830)  
for Revenue Operations,

**[01:10:55.220] DOF Secretary Frederick D. Go** (asr-000831)  
to answer your second question.

**[01:10:57.200] DOF Secretary Frederick D. Go** (asr-000832)  
But before I pass the

**[01:10:59.220] DOF Secretary Frederick D. Go** (asr-000833)  
microphone to them,

**[01:11:01.000] DOF Secretary Frederick D. Go** (asr-000834)  
I'd just like to say that I

**[01:11:02.580] DOF Secretary Frederick D. Go** (asr-000835)  
totally agree with you

**[01:11:04.260] DOF Secretary Frederick D. Go** (asr-000836)  
on the National Single Window

**[01:11:06.820] DOF Secretary Frederick D. Go** (asr-000837)  
platform. As a matter of fact,

**[01:11:09.120] DOF Secretary Frederick D. Go** (asr-000838)  
I have been following that up

**[01:11:10.780] DOF Secretary Frederick D. Go** (asr-000839)  
periodically

**[01:11:13.680] DOF Secretary Frederick D. Go** (asr-000840)  
with consistency

**[01:11:15.620] DOF Secretary Frederick D. Go** (asr-000841)  
because I really believe that

**[01:11:17.020] DOF Secretary Frederick D. Go** (asr-000842)  
that National Single Window will be the key

**[01:11:19.040] DOF Secretary Frederick D. Go** (asr-000843)  
to credible information.

**[01:11:23.880] DOF Secretary Frederick D. Go** (asr-000844)  
And

**[01:11:24.520] DOF Secretary Frederick D. Go** (asr-000845)  
it just simply put makes a lot of sense that is how a lot of the

**[01:11:32.580] DOF Secretary Frederick D. Go** (asr-000846)  
better managed countries manage the information of importation.

**[01:11:38.460] DOF Secretary Frederick D. Go** (asr-000847)  
It won't make sense to those who are

**[01:11:41.500] DOF Secretary Frederick D. Go** (asr-000848)  
smuggling and benefiting from the illegal entry of goods or

**[01:11:50.660] DOF Secretary Frederick D. Go** (asr-000849)  
smuggle goods.

**[01:11:51.680] DOF Secretary Frederick D. Go** (asr-000850)  
And that's probably why it's not working because, for example,

**[01:11:54.320] DOF Secretary Frederick D. Go** (asr-000851)  
Because for as long as those

**[01:11:55.540] DOF Secretary Frederick D. Go** (asr-000852)  
who don't want it to work

**[01:11:56.720] DOF Secretary Frederick D. Go** (asr-000853)  
consider it,

**[01:11:59.520] DOF Secretary Frederick D. Go** (asr-000854)  
there might be efforts to...

**[01:12:04.440] Senator Francis Kiko Pangilinan** (asr-000855)  
So, yes.

**[01:12:07.720] Senator Francis Kiko Pangilinan** (asr-000856)  
But thank you for putting that on record

**[01:12:09.880] Senator Francis Kiko Pangilinan** (asr-000857)  
that it makes sense,

**[01:12:11.900] Senator Francis Kiko Pangilinan** (asr-000858)  
especially for us in government,

**[01:12:14.080] Senator Francis Kiko Pangilinan** (asr-000859)  
to ensure better revenue

**[01:12:17.920] Senator Francis Kiko Pangilinan** (asr-000860)  
through duties and customs duties

**[01:12:20.520] Senator Francis Kiko Pangilinan** (asr-000861)  
and other, you know.

**[01:12:25.440] Senator Francis Kiko Pangilinan** (asr-000862)  
Yeah, go ahead, please.

**[01:12:27.600] BOC Commissioner Ariel F. Nepomuceno** (asr-000863)  
Thank you, Mr. Chair,

**[01:12:29.320] BOC Commissioner Ariel F. Nepomuceno** (asr-000864)  
and Senator Kiko.

**[01:12:31.000] Senator Francis Kiko Pangilinan** (asr-000865)  
Before that, thank you for filing

**[01:12:32.540] Senator Francis Kiko Pangilinan** (asr-000866)  
the cases against Berches.

**[01:12:34.700] Senator Francis Kiko Pangilinan** (asr-000867)  
But my follow-up question later is

**[01:12:36.600] Senator Francis Kiko Pangilinan** (asr-000868)  
what about ECPB and the other...

**[01:12:39.740] BOC Commissioner Ariel F. Nepomuceno** (asr-000869)  
Yes, sir.

**[01:12:41.380] Senator Francis Kiko Pangilinan** (asr-000870)  
...those involved?

**[01:12:42.600] Senator Francis Kiko Pangilinan** (asr-000871)  
Similarly, the evidence was all there.

**[01:12:44.460] Senator Francis Kiko Pangilinan** (asr-000872)  
But go ahead, please.

**[01:12:45.900] BOC Commissioner Ariel F. Nepomuceno** (asr-000873)  
I'll answer the first question

**[01:12:47.300] BOC Commissioner Ariel F. Nepomuceno** (asr-000874)  
regarding the estimates.

**[01:12:48.240] BOC Commissioner Ariel F. Nepomuceno** (asr-000875)  
And if I can, Mr. Senator,

**[01:12:50.640] BOC Commissioner Ariel F. Nepomuceno** (asr-000876)  
pitch in a bit

**[01:12:51.320] BOC Commissioner Ariel F. Nepomuceno** (asr-000877)  
with regard to the second question

**[01:12:53.280] BOC Commissioner Ariel F. Nepomuceno** (asr-000878)  
on the NSW

**[01:12:54.740] BOC Commissioner Ariel F. Nepomuceno** (asr-000879)  
so we can put context

**[01:12:56.360] BOC Commissioner Ariel F. Nepomuceno** (asr-000880)  
on what's going on right now

**[01:12:57.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000881)  
with this project

**[01:12:58.520] BOC Commissioner Ariel F. Nepomuceno** (asr-000882)  
insofar as BOC is concerned.

**[01:13:01.120] BOC Commissioner Ariel F. Nepomuceno** (asr-000883)  
Your Honor, with regard to the estimates,

**[01:13:05.220] BOC Commissioner Ariel F. Nepomuceno** (asr-000884)  
there are various briefings that I had.

**[01:13:10.060] BOC Commissioner Ariel F. Nepomuceno** (asr-000885)  
The most conservative with regard to this

**[01:13:11.920] BOC Commissioner Ariel F. Nepomuceno** (asr-000886)  
is that we're losing a minimum

**[01:13:13.960] BOC Commissioner Ariel F. Nepomuceno** (asr-000887)  
of 30 billion pesos minimum.

**[01:13:16.900] BOC Commissioner Ariel F. Nepomuceno** (asr-000888)  
When I asked,

**[01:13:19.180] BOC Commissioner Ariel F. Nepomuceno** (asr-000889)  
why is this?

**[01:13:20.520] BOC Commissioner Ariel F. Nepomuceno** (asr-000890)  
Different from the 100 billion plus

**[01:13:22.280] BOC Commissioner Ariel F. Nepomuceno** (asr-000891)  
that I heard over the news,

**[01:13:24.200] BOC Commissioner Ariel F. Nepomuceno** (asr-000892)  
the explanations, of course,

**[01:13:25.680] BOC Commissioner Ariel F. Nepomuceno** (asr-000893)  
were the discrepancies might be attributed

**[01:13:28.780] BOC Commissioner Ariel F. Nepomuceno** (asr-000894)  
to the existence of,

**[01:13:31.020] BOC Commissioner Ariel F. Nepomuceno** (asr-000895)  
for example, the economic zones

**[01:13:32.660] BOC Commissioner Ariel F. Nepomuceno** (asr-000896)  
wherein the data coming from

**[01:13:36.080] BOC Commissioner Ariel F. Nepomuceno** (asr-000897)  
other international agencies

**[01:13:38.980] BOC Commissioner Ariel F. Nepomuceno** (asr-000898)  
did not account for the imports

**[01:13:43.520] BOC Commissioner Ariel F. Nepomuceno** (asr-000899)  
that would go directly to the export zones,

**[01:13:46.500] BOC Commissioner Ariel F. Nepomuceno** (asr-000900)  
which are supposed to be not intended to...

**[01:13:50.520] BOC Commissioner Ariel F. Nepomuceno** (asr-000901)  
The raw materials being used

**[01:13:51.980] BOC Commissioner Ariel F. Nepomuceno** (asr-000902)  
are not intended to be sold locally.

**[01:13:54.420] BOC Commissioner Ariel F. Nepomuceno** (asr-000903)  
So may describe pan silang po doon.

**[01:13:55.940] BOC Commissioner Ariel F. Nepomuceno** (asr-000904)  
But still,

**[01:13:57.060] BOC Commissioner Ariel F. Nepomuceno** (asr-000905)  
even with the estimate of 30 billion,

**[01:13:59.200] BOC Commissioner Ariel F. Nepomuceno** (asr-000906)  
30 billion is still huge,

**[01:14:00.860] BOC Commissioner Ariel F. Nepomuceno** (asr-000907)  
even if it's the most conservative

**[01:14:02.240] BOC Commissioner Ariel F. Nepomuceno** (asr-000908)  
available information.

**[01:14:05.560] BOC Commissioner Ariel F. Nepomuceno** (asr-000909)  
But with regard to the second question...

**[01:14:09.600] Senator Francis Kiko Pangilinan** (asr-000910)  
Just to clarify, Commissioner,

**[01:14:11.380] Senator Francis Kiko Pangilinan** (asr-000911)  
how many...

**[01:14:12.380] Senator Francis Kiko Pangilinan** (asr-000912)  
What is your estimate

**[01:14:13.200] Senator Francis Kiko Pangilinan** (asr-000913)  
of the number of containers

**[01:14:15.560] Senator Francis Kiko Pangilinan** (asr-000914)  
that enter the country on a daily basis?

**[01:14:17.960] Senator Francis Kiko Pangilinan** (asr-000915)  
About 5,000? 6,000?

**[01:14:20.520] BOC Commissioner Ariel F. Nepomuceno** (asr-000916)  
2 million a year,

**[01:14:23.440] BOC Commissioner Ariel F. Nepomuceno** (asr-000917)  
so divided by 360.

**[01:14:25.560] BOC Commissioner Ariel F. Nepomuceno** (asr-000918)  
That's 80,000, right?

**[01:14:27.420] BOC Commissioner Ariel F. Nepomuceno** (asr-000919)  
Roughly 80,000.

**[01:14:29.000] BOC Commissioner Ariel F. Nepomuceno** (asr-000920)  
We call it, Mr. Senator, TEUs.

**[01:14:31.960] BOC Commissioner Ariel F. Nepomuceno** (asr-000921)  
TEUs would represent

**[01:14:33.200] BOC Commissioner Ariel F. Nepomuceno** (asr-000922)  
yung debente or 20-footer container.

**[01:14:35.760] Senator Francis Kiko Pangilinan** (asr-000923)  
Yes.

**[01:14:36.800] Senator Francis Kiko Pangilinan** (asr-000924)  
So if that's 2 million a year,

**[01:14:39.900] Senator Francis Kiko Pangilinan** (asr-000925)  
a day.

**[01:14:43.400] Senator Francis Kiko Pangilinan** (asr-000926)  
About 5,500 a day.

**[01:14:45.960] BOC Commissioner Ariel F. Nepomuceno** (asr-000927)  
A day.

**[01:14:46.320] Senator Francis Kiko Pangilinan** (asr-000928)  
And clearly,

**[01:14:50.520] Senator Francis Kiko Pangilinan** (asr-000929)  
if you don't have that single window,

**[01:14:53.980] Senator Francis Kiko Pangilinan** (asr-000930)  
national single window,

**[01:14:55.240] Senator Francis Kiko Pangilinan** (asr-000931)  
then we cannot really monitor

**[01:14:56.500] Senator Francis Kiko Pangilinan** (asr-000932)  
the 5,500 as effectively.

**[01:14:59.860] Senator Francis Kiko Pangilinan** (asr-000933)  
Thank you.

**[01:15:00.000] Senator Francis Kiko Pangilinan** (asr-000934)  
Di ba? Because all of that will now be, how do you call it, inputted into the national single window for better monitoring, entry, etc. Di ba? I mean, that's my understanding.

**[01:15:15.520] BOC Commissioner Ariel F. Nepomuceno** (asr-000935)  
With regard to the number of containers, nakukuha naman po natin yan dahil these are being reported fairly accurately by the port operators.

**[01:15:30.580] BOC Commissioner Ariel F. Nepomuceno** (asr-000936)  
But what we cannot accurately measure will be the real values supposed to be contained in those importations.

**[01:15:40.240] BOC Commissioner Ariel F. Nepomuceno** (asr-000937)  
So the NSW, of course, would be able to help a lot.

**[01:15:43.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000938)  
Insofar as getting the accurate values from these importations.

**[01:15:48.120] BOC Commissioner Ariel F. Nepomuceno** (asr-000939)  
But if I may, Your Honor, recognizing the complexity of the NSW project, what BOC has done when we came in July last year is to embark on our own, of course, with the support of the Secretary of Finance, Sec. Frederick, we are now embarking on our own customs processing system.

**[01:16:10.580] BOC Commissioner Ariel F. Nepomuceno** (asr-000940)  
Paliwanag ko lang po ng konti briefly.

**[01:16:13.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000941)  
CPS will remove the human intervention involved in the processes of the importations.

**[01:16:22.940] BOC Commissioner Ariel F. Nepomuceno** (asr-000942)  
Ganito po yan. We have identified 15 ICT projects. At the center of this is the CPS, Customs Processing System.

**[01:16:30.540] BOC Commissioner Ariel F. Nepomuceno** (asr-000943)  
Ganito po yan. CPS, if compared to Singapore CPS, they call it NSW.

**[01:16:37.540] BOC Commissioner Ariel F. Nepomuceno** (asr-000944)  
Mabilis lang silang gumawa ng NSW na, which they were able to easily compel.

**[01:16:43.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000945)  
We have identified 15 other agencies dealing with the Singapore Customs to cooperate with the Singapore Customs NSW.

**[01:16:51.860] BOC Commissioner Ariel F. Nepomuceno** (asr-000946)  
Now that we have our own SW, which is not being led by BOC, what we did is to embark with our own CPS, which will be similar to the NSW.

**[01:17:04.260] BOC Commissioner Ariel F. Nepomuceno** (asr-000947)  
Ganito po yan. So lahat ng merong...

**[01:17:07.340] BOC Commissioner Ariel F. Nepomuceno** (asr-000948)  
Yes, sir.

**[01:17:09.160] BOC Commissioner Ariel F. Nepomuceno** (asr-000949)  
Yes, sir.

**[01:17:09.580] BOC Commissioner Ariel F. Nepomuceno** (asr-000950)  
But we have to prioritize and we should not be...

**[01:17:13.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000951)  
dependent on the NSW per se because that's not within our full control.

**[01:17:18.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000952)  
What our CPS will do once we roll this out middle of next year is to prioritize, for example, agencies such as the Department of Agriculture,

**[01:17:28.340] BOC Commissioner Ariel F. Nepomuceno** (asr-000953)  
the, well, FDA sana, but FDA also has some issues, PNP, DTI, yung mga mabilis na ho nating isama.

**[01:17:40.260] BOC Commissioner Ariel F. Nepomuceno** (asr-000954)  
So the data will be automatic real time.

**[01:17:43.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000955)  
From the...

**[01:17:44.840] BOC Commissioner Ariel F. Nepomuceno** (asr-000956)  
With the complete loop from the submission of the import documents or, of course, export documents, assessment, payment after releasing, including, Your Honor, the bank documents.

**[01:17:56.320] BOC Commissioner Ariel F. Nepomuceno** (asr-000957)  
We have to include the bank documents because, of course, we assume that the banks will never collude with the smugglers because they have a bigger name and a stake to protect.

**[01:18:06.360] BOC Commissioner Ariel F. Nepomuceno** (asr-000958)  
So with our own CPS, we will be able to approximate what a full NSW can do.

**[01:18:13.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000959)  
But the difference is we will just be prioritizing the agencies which are crucial to our operations. Of course, ideally, more than 40 plus agencies should be able to integrate real-time in terms of providing us the permits and all the relevant documents that will be vital in the computations of the values that we will be able to base our collections from and to be able to say yes or no, which importations which will be allowed or not.

**[01:18:43.820] BOC Commissioner Ariel F. Nepomuceno** (asr-000960)  
So, yun naman po ang good news. Now, with the question, how are we funding this? Wala po ang choice dahil wala po sa budget yan ng 2026. So, we have started with the PPP proposed to us. Nasa legal and technical discussions na po kami. And we're confident that this can be rolled out with the pilot areas middle of next year, meaning June, July, Your Honor.

**[01:19:11.900] Senator Francis Kiko Pangilinan** (asr-000961)  
And what would the pilot areas be? Do you already, have you identified that? Or it's still?

**[01:19:18.500] BOC Commissioner Ariel F. Nepomuceno** (asr-000962)  
Yes, sir. But initial lang po yan. We might first try with the Port of Batangas. It's a huge port but not the biggest port. At medyo masimple po yung pasok doon ng mga containers. And then one airport. And then another port outside Metro Manila.

**[01:19:35.200] BOC Commissioner Ariel F. Nepomuceno** (asr-000963)  
Because we have to eventually integrate 17 major ports and 39 sub-ports. We have a total of 56.

**[01:19:41.900] BOC Commissioner Ariel F. Nepomuceno** (asr-000964)  
ports to be included in the program.

**[01:19:46.540] Senator Francis Kiko Pangilinan** (asr-000965)  
Okay, Usec Ligon, will you also update us with the National Single Window?

**[01:19:52.820] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000966)  
Yes, sir. With regards to the National Single Window, we are now in the process of onboarding the different trade-related government agencies.

**[01:20:03.900] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000967)  
So, meron akong apat na onboard. This is the National Tobacco Administration, Bureau of Agriculture.

**[01:20:11.900] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000968)  
Agriculture and Fisheries, Export Management Bureau, the Bureau of Internal Revenue. And right now, ongoing yung with the Bureau of Customs.

**[01:20:21.740] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000969)  
Then in the next two months, we are targeting the onboarding with 22 other agencies.

**[01:20:30.580] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000970)  
We are prioritizing yung mga agencies na under the Department of Agriculture, like the National Meat Inspection.

**[01:20:41.900] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000971)  
Philippine Coconut Authority, Bureau of Quarantine, Fertilizer and Pesticide Authority.

**[01:20:50.980] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000972)  
Yun po yung mga kasunod na isasama sa onboarding.

**[01:20:55.860] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000973)  
So, ito pong project na ito, entire project, we're estimating to finish this in one and a half years.

**[01:21:07.040] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000974)  
Kompleto na lahat yung iba-ibang agencies na kasama.

**[01:21:10.540] Senator Francis Kiko Pangilinan** (asr-000975)  
One and a half years.

**[01:21:11.900] Senator Francis Kiko Pangilinan** (asr-000976)  
And that is, but when do you start operating it? Only after one and a half years? Or you can already begin?

**[01:21:19.280] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000977)  
Actually po yung naka-onboard na, ano na po yan? Yung pasa na onboard na po, pwede na pong ano yan. Operational na po yan.

**[01:21:26.240] Senator Francis Kiko Pangilinan** (asr-000978)  
And what are the onboard agencies?

**[01:21:30.500] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000979)  
Yung right now po.

**[01:21:31.420] Senator Francis Kiko Pangilinan** (asr-000980)  
You said 40 or 60? What did you say?

**[01:21:34.020] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000981)  
Nasa 73 po yung total pag na tapos itong onboarding natin.

**[01:21:39.300] Senator Francis Kiko Pangilinan** (asr-000982)  
In one year and a half?

**[01:21:41.140] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000983)  
In one year and a half.

**[01:21:41.900] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000984)  
In one year and a half po. So, right now po, yung unang na-onboard na is the National Tobacco Administration, Bureau of Agriculture and Fisheries, Export Management Bureau, Bureau of Internal Revenue, and right now, tinatapos na yung sa Bureau of Customs.

**[01:22:06.780] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000985)  
Then...

**[01:22:07.500] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000986)  
Pero this year po, ang target natin is meron pang...

**[01:22:11.900] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000987)  
22 agencies to be onboarded within the year po.

**[01:22:16.720] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000988)  
So...

**[01:22:17.200] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000989)  
Until the end of the year po.

**[01:22:20.760] Senator Francis Kiko Pangilinan** (asr-000990)  
22 more. Okay.

**[01:22:21.720] DOF Undersecretary Rolando T. Ligon Jr.** (asr-000991)  
Inuuna po natin yung mga bureaus under the Department of Agriculture. Kasi yun po yung merong sensitive po ng mga importation.

**[01:22:31.460] Senator Francis Kiko Pangilinan** (asr-000992)  
If I may also add, the reason why the DA is critical here is precisely,

**[01:22:39.020] Senator Francis Kiko Pangilinan** (asr-000993)  
we are able to monitor the...

**[01:22:41.900] Senator Francis Kiko Pangilinan** (asr-000994)  
entry and, well, the entry of agriculture products through this national single window.

**[01:22:52.600] Senator Francis Kiko Pangilinan** (asr-000995)  
And, of course, hindi pa tapos yung ano nila, but this is for DA, yung kanilang first border inspection.

**[01:23:00.920] Senator Francis Kiko Pangilinan** (asr-000996)  
We funded that, Mr. Chairman, in the last budget.

**[01:23:08.620] Senator Francis Kiko Pangilinan** (asr-000997)  
Walang budget, niligyan natin ng...

**[01:23:10.920] Senator Francis Kiko Pangilinan** (asr-000998)  
1 billion. So, we hope that can be put together.

**[01:23:13.860] Senator Francis Kiko Pangilinan** (asr-000999)  
Because, as I was saying then, national single window, Bureau of Customs,

**[01:23:20.320] Senator Francis Kiko Pangilinan** (asr-001000)  
the...

**[01:23:21.620] Senator Francis Kiko Pangilinan** (asr-001001)  
What was the estimate for the losses in the African swine, the ASF, was about 60, 70 billion.

**[01:23:32.940] Senator Francis Kiko Pangilinan** (asr-001002)  
Pretty much brought the local livestock industry to its knees.

**[01:23:38.660] Senator Francis Kiko Pangilinan** (asr-001003)  
Simply because, A, we were...

**[01:23:40.920] Senator Francis Kiko Pangilinan** (asr-001004)  
unable to monitor the entry of contaminated meat.

**[01:23:47.260] Senator Francis Kiko Pangilinan** (asr-001005)  
Now, the other day, I read in the papers that the customs confiscated chicken.

**[01:23:55.260] Senator Francis Kiko Pangilinan** (asr-001006)  
Imported chicken that was supposed to be for rendering, meaning susunugin na, di ba?

**[01:24:05.380] Senator Francis Kiko Pangilinan** (asr-001007)  
Pero, ang lumalabas, yung rendering agency...

**[01:24:10.920] Senator Francis Kiko Pangilinan** (asr-001008)  
Ay, imbis na sunugin o i-render, sirain, ay binenta.

**[01:24:18.860] Senator Francis Kiko Pangilinan** (asr-001009)  
Tama?

**[01:24:20.180] Senator Francis Kiko Pangilinan** (asr-001010)  
Could you give us an update?

**[01:24:24.340] BOC Commissioner Ariel F. Nepomuceno** (asr-001011)  
Actually, you're correct, Your Honor.

**[01:24:27.380] BOC Commissioner Ariel F. Nepomuceno** (asr-001012)  
These are apprehended, smuggled chicken meat from Subic.

**[01:24:33.880] BOC Commissioner Ariel F. Nepomuceno** (asr-001013)  
Then, they were supposed to be already...

**[01:24:37.800] BOC Commissioner Ariel F. Nepomuceno** (asr-001014)  
sa condemnation facilities.

**[01:24:40.920] BOC Commissioner Ariel F. Nepomuceno** (asr-001015)  
Somewhere in Bulacan.

**[01:24:42.640] BOC Commissioner Ariel F. Nepomuceno** (asr-001016)  
But then, allegedly, there is a transaction that this is supposed to be...

**[01:24:49.540] BOC Commissioner Ariel F. Nepomuceno** (asr-001017)  
Those that will be condemned will be sold.

**[01:24:52.780] BOC Commissioner Ariel F. Nepomuceno** (asr-001018)  
But we have already ordered the full investigation.

**[01:24:55.740] BOC Commissioner Ariel F. Nepomuceno** (asr-001019)  
In fact, we have already...

**[01:24:58.660] BOC Commissioner Ariel F. Nepomuceno** (asr-001020)  
I've already ordered the relief of those who are possibly involved in this,

**[01:25:04.380] BOC Commissioner Ariel F. Nepomuceno** (asr-001021)  
including the condemnation facility owner.

**[01:25:08.060] Senator Francis Kiko Pangilinan** (asr-001022)  
That's about 7 million, no?

**[01:25:10.920] Senator Francis Kiko Pangilinan** (asr-001023)  
7 million pesos worth of smuggled, frozen chicken.

**[01:25:16.100] BOC Commissioner Ariel F. Nepomuceno** (asr-001024)  
Yes, sir.

**[01:25:17.140] Senator Francis Kiko Pangilinan** (asr-001025)  
Which they were now intending to sell at what?

**[01:25:20.320] Senator Francis Kiko Pangilinan** (asr-001026)  
120 pesos a kilo?

**[01:25:22.580] Senator Francis Kiko Pangilinan** (asr-001027)  
In the wet market?

**[01:25:24.420] BOC Commissioner Ariel F. Nepomuceno** (asr-001028)  
Yes, sir.

**[01:25:24.760] BOC Commissioner Ariel F. Nepomuceno** (asr-001029)  
Actually, naka-apprehend po is the National Bureau of Investigation.

**[01:25:28.240] Senator Francis Kiko Pangilinan** (asr-001030)  
Oh, the NBI. That's right.

**[01:25:30.260] Senator Francis Kiko Pangilinan** (asr-001031)  
But we also have some rendering issues with the BOC and the DA,

**[01:25:35.640] Senator Francis Kiko Pangilinan** (asr-001032)  
which that's why, Secretary, I hope you can support this with Secretary Kiko.

**[01:25:40.920] Senator Francis Kiko Pangilinan** (asr-001033)  
When they present their budgets and when you present your budgets in plenary,

**[01:25:45.520] Senator Francis Kiko Pangilinan** (asr-001034)  
I hope that you already have that memorandum of agreement

**[01:25:48.140] Senator Francis Kiko Pangilinan** (asr-001035)  
between BOC and DA on the rendering.

**[01:25:51.420] Senator Francis Kiko Pangilinan** (asr-001036)  
Because we have found out a similar incident.

**[01:25:56.680] Senator Francis Kiko Pangilinan** (asr-001037)  
The smuggled...

**[01:25:57.540] Senator Francis Kiko Pangilinan** (asr-001038)  
This one is, ano na, BOC.

**[01:26:00.120] Senator Francis Kiko Pangilinan** (asr-001039)  
The smuggled meat from Imus was brought to a rendering site,

**[01:26:07.540] Senator Francis Kiko Pangilinan** (asr-001040)  
condemnation process.

**[01:26:09.100] Senator Francis Kiko Pangilinan** (asr-001041)  
Dinala pa ng...

**[01:26:10.920] Senator Francis Kiko Pangilinan** (asr-001042)  
ng Coast Guard.

**[01:26:14.100] Senator Francis Kiko Pangilinan** (asr-001043)  
Binantayan ng Coast Guard.

**[01:26:15.380] Senator Francis Kiko Pangilinan** (asr-001044)  
Hindi nila iniwanan mula doon sa Cavite, sa Imus ba?

**[01:26:21.320] Senator Francis Kiko Pangilinan** (asr-001045)  
O Baco or Imus?

**[01:26:23.260] Senator Francis Kiko Pangilinan** (asr-001046)  
Papunta doon sa...

**[01:26:24.660] Senator Francis Kiko Pangilinan** (asr-001047)  
Saan ba yun?

**[01:26:26.400] Senator Francis Kiko Pangilinan** (asr-001048)  
Paulacan?

**[01:26:28.420] Senator Francis Kiko Pangilinan** (asr-001049)  
Tapos pag-alis nung Coast Guard,

**[01:26:32.420] Senator Francis Kiko Pangilinan** (asr-001050)  
ni-render.

**[01:26:32.860] Senator Francis Kiko Pangilinan** (asr-001051)  
Pero ang lumalabas, inamin mismo ng taga-BAI na binibente yung karni na yun,

**[01:26:40.920] Senator Francis Kiko Pangilinan** (asr-001052)  
para gawing pakain sa tilapya.

**[01:26:46.960] Senator Francis Kiko Pangilinan** (asr-001053)  
So yung unfit for human consumption na karni na dapat nang i-condemn,

**[01:26:54.280] Senator Francis Kiko Pangilinan** (asr-001054)  
binenta sa mga fish pond operator para gawing pakain sa tilapya.

**[01:27:02.840] Senator Francis Kiko Pangilinan** (asr-001055)  
At pagkakinain natin yung tilapya...

**[01:27:05.920] Senator Francis Kiko Pangilinan** (asr-001056)  
So...

**[01:27:08.920] Senator Francis Kiko Pangilinan** (asr-001057)  
It makes me...

**[01:27:10.760] Senator Francis Kiko Pangilinan** (asr-001058)  
I wonder, the amount that you said, ng NBI, was 7 million.

**[01:27:15.840] Senator Francis Kiko Pangilinan** (asr-001059)  
I wonder how much, if any, pinalusot.

**[01:27:21.200] Senator Francis Kiko Pangilinan** (asr-001060)  
Hindi ko alam.

**[01:27:22.760] Senator Francis Kiko Pangilinan** (asr-001061)  
But again, with the single window, national single window project,

**[01:27:28.360] Senator Francis Kiko Pangilinan** (asr-001062)  
and what you're doing now, we will be able to address this.

**[01:27:31.100] Senator Francis Kiko Pangilinan** (asr-001063)  
And, Secretary, yung memorandum of agreement between the DA and the BOC on rendering.

**[01:27:38.200] Senator Francis Kiko Pangilinan** (asr-001064)  
So that...

**[01:27:39.840] Senator Francis Kiko Pangilinan** (asr-001065)  
That was...

**[01:27:40.760] Senator Francis Kiko Pangilinan** (asr-001066)  
It was confiscated by the BOC, eh.

**[01:27:42.700] Senator Francis Kiko Pangilinan** (asr-001067)  
Yung sa IMUS, eh.

**[01:27:44.200] Senator Francis Kiko Pangilinan** (asr-001068)  
So dapat, pagkadating doon sa condemnation, nandun ng BOC, nandun ng DA,

**[01:27:49.040] Senator Francis Kiko Pangilinan** (asr-001069)  
at nagkakaisa na nag-uusap na tama dapat na ma...

**[01:27:53.840] Senator Francis Kiko Pangilinan** (asr-001070)  
Go ahead.

**[01:27:57.000] BOC Commissioner Ariel F. Nepomuceno** (asr-001071)  
Your Honor, since nandito rin din po tayo doon sa topic ng rendering,

**[01:28:00.920] BOC Commissioner Ariel F. Nepomuceno** (asr-001072)  
I'll take advantage to, of course, seek the help of the Senate.

**[01:28:05.540] BOC Commissioner Ariel F. Nepomuceno** (asr-001073)  
Ganito po yung sistema po na minana po namin.

**[01:28:08.060] Senator Francis Kiko Pangilinan** (asr-001074)  
How much do you need to get the facility?

**[01:28:10.760] BOC Commissioner Ariel F. Nepomuceno** (asr-001075)  
Opo.

**[01:28:12.480] BOC Commissioner Ariel F. Nepomuceno** (asr-001076)  
Facility sent, ano po, MOE, additional MOE.

**[01:28:15.260] BOC Commissioner Ariel F. Nepomuceno** (asr-001077)  
Ganito po.

**[01:28:16.020] BOC Commissioner Ariel F. Nepomuceno** (asr-001078)  
Ang dinatan po nating sistema among so many other problems.

**[01:28:20.360] BOC Commissioner Ariel F. Nepomuceno** (asr-001079)  
Wala hong budget allotted for the Bureau of Customs to be used for rendering.

**[01:28:26.720] BOC Commissioner Ariel F. Nepomuceno** (asr-001080)  
The model is quite peculiar wherein zero budget or zero payment ang naka-allot for the condemnators.

**[01:28:35.680] BOC Commissioner Ariel F. Nepomuceno** (asr-001081)  
So we will ask, ba't sila mag-i-interest to do the job?

**[01:28:39.840] BOC Commissioner Ariel F. Nepomuceno** (asr-001082)  
So we can speculate, di po ba?

**[01:28:43.360] BOC Commissioner Ariel F. Nepomuceno** (asr-001083)  
Kasi hindi naman po sila babayaran.

**[01:28:44.860] BOC Commissioner Ariel F. Nepomuceno** (asr-001084)  
Therefore, they're only after what can be salvaged or can be saved or siguro recyclable

**[01:28:50.520] BOC Commissioner Ariel F. Nepomuceno** (asr-001085)  
from what is supposed to be going to be condemned or destroyed.

**[01:28:54.480] BOC Commissioner Ariel F. Nepomuceno** (asr-001086)  
So we will seek the help, of course, of Congress and the Senate

**[01:28:58.180] BOC Commissioner Ariel F. Nepomuceno** (asr-001087)  
to support us with at least with the immediate additional MOE

**[01:29:03.080] BOC Commissioner Ariel F. Nepomuceno** (asr-001088)  
for us to be able to finance our own rendering

**[01:29:07.100] BOC Commissioner Ariel F. Nepomuceno** (asr-001089)  
so that we will not be dependent on the condemnation.

**[01:29:09.820] BOC Commissioner Ariel F. Nepomuceno** (asr-001093)  
And we don't know what release on their minds

**[01:29:12.740] BOC Commissioner Ariel F. Nepomuceno** (asr-001094)  
why they are interested to do the rendering job.

**[01:29:16.700] BOC Commissioner Ariel F. Nepomuceno** (asr-001095)  
Isa po yan.

**[01:29:17.160] BOC Commissioner Ariel F. Nepomuceno** (asr-001096)  
With the facility, meron din po kaming nakalista.

**[01:29:20.200] BOC Commissioner Ariel F. Nepomuceno** (asr-001097)  
But of course, we know that this will take time.

**[01:29:23.200] BOC Commissioner Ariel F. Nepomuceno** (asr-001098)  
If at all, 2027 pa natin gagawin to 2028.

**[01:29:27.640] BOC Commissioner Ariel F. Nepomuceno** (asr-001099)  
But we need support po doon sa MOE.

**[01:29:30.180] BOC Commissioner Ariel F. Nepomuceno** (asr-001100)  
Again, for us to fund our condemnation based on our own timing.

**[01:29:39.820] Senator Francis Kiko Pangilinan** (asr-001101)  
Yes, go ahead, sir.

**[01:29:44.500] DOF Secretary Frederick D. Go** (asr-001101-split-2)  
Well, if you'll allow me, Mr. Chair, based on our budget, actually we were cut down on our request, and I will be signing a letter after this briefing to the committee

**[01:30:00.000] DOF Secretary Frederick D. Go** (asr-001102)  
asking for additional budget of P10 billion for your consideration from the BOC.

**[01:30:07.040] DOF Secretary Frederick D. Go** (asr-001103)  
And number 8 in that list is the construction of condemnation facilities.

**[01:30:12.460] DOF Secretary Frederick D. Go** (asr-001104)  
And then the BIR also has a request of about a little over a billion pesos

**[01:30:17.220] DOF Secretary Frederick D. Go** (asr-001105)  
of necessary budget that they need for their operations.

**[01:30:21.720] DOF Secretary Frederick D. Go** (asr-001106)  
That was also cut down.

**[01:30:24.120] DOF Secretary Frederick D. Go** (asr-001107)  
Actually, the amount cut down obviously was much larger.

**[01:30:26.400] DOF Secretary Frederick D. Go** (asr-001108)  
But in the prioritization, they have a wish list of about a billion pesos.

**[01:30:31.320] DOF Secretary Frederick D. Go** (asr-001109)  
And the BOC has a wish list of about P10 billion.

**[01:30:34.260] DOF Secretary Frederick D. Go** (asr-001110)  
But number 8 in the BOC list is the construction of condemnation facilities.

**[01:30:39.640] Senator Francis Kiko Pangilinan** (asr-001111)  
Sige, you can count on our support in that regard.

**[01:30:42.800] Senator Francis Kiko Pangilinan** (asr-001112)  
And how much would that be?

**[01:30:45.100] Senator Francis Kiko Pangilinan** (asr-001113)  
If you added the P10 billion, so what collection would that be?

**[01:30:50.300] Senator Francis Kiko Pangilinan** (asr-001114)  
Two days and six hours?

**[01:30:52.320] Senator Francis Kiko Pangilinan** (asr-001115)  
Ano yun?

**[01:30:54.840] Senator Francis Kiko Pangilinan** (asr-001116)  
Kasi sabi nyo, two days.

**[01:30:56.400] DOF Secretary Frederick D. Go** (asr-001117)  
Baka two days and one hour.

**[01:31:00.560] DOF Secretary Frederick D. Go** (asr-001118)  
Joke lang.

**[01:31:01.340] DOF Secretary Frederick D. Go** (asr-001119)  
Pero I'm not sure what it is.

**[01:31:03.120] DOF Secretary Frederick D. Go** (asr-001120)  
But definitely, it's just a fraction of our collection.

**[01:31:06.620] DOF Secretary Frederick D. Go** (asr-001121)  
Thank you.

**[01:31:06.980] Senator Francis Kiko Pangilinan** (asr-001122)  
With the permission of our chairperson, if I may also just...

**[01:31:12.780] Senator Francis Kiko Pangilinan** (asr-001123)  
Unless my time is up and I'll have a second round.

**[01:31:16.480] Senator Joseph Victor "JV" G. Ejercito** (asr-001124)  
Please proceed.

**[01:31:17.320] Senator Francis Kiko Pangilinan** (asr-001125)  
Okay.

**[01:31:18.080] Senator Francis Kiko Pangilinan** (asr-001126)  
This question now is for AgriFinance Lending.

**[01:31:26.400] Senator Francis Kiko Pangilinan** (asr-001127)  
We'd like to get some information before plenary on the loan portfolio for our farmers.

**[01:31:34.740] Senator Francis Kiko Pangilinan** (asr-001128)  
I understand you have about 90% of your clients are farmers.

**[01:31:40.660] Senator Francis Kiko Pangilinan** (asr-001129)  
Your accounts, rather, are agriculture farmers.

**[01:31:46.160] Senator Francis Kiko Pangilinan** (asr-001130)  
Except that...

**[01:31:50.560] Senator Francis Kiko Pangilinan** (asr-001131)  
Maliit yung...

**[01:31:53.740] Senator Francis Kiko Pangilinan** (asr-001132)  
Yung...

**[01:31:56.400] Senator Francis Kiko Pangilinan** (asr-001133)  
Pondo.

**[01:31:57.880] Senator Francis Kiko Pangilinan** (asr-001134)  
Mas malaki.

**[01:31:59.540] Senator Francis Kiko Pangilinan** (asr-001135)  
Mas nalalaki ang total portfolio.

**[01:32:05.160] Senator Francis Kiko Pangilinan** (asr-001136)  
Maraming account, pero maliit ang total na inilabas.

**[01:32:09.480] Senator Francis Kiko Pangilinan** (asr-001137)  
I don't have the data now.

**[01:32:11.620] Senator Francis Kiko Pangilinan** (asr-001138)  
But this is for land bank and the DBP.

**[01:32:16.260] Senator Francis Kiko Pangilinan** (asr-001139)  
We'd like to get submissions in time for plenary.

**[01:32:20.740] Senator Francis Kiko Pangilinan** (asr-001140)  
The following...

**[01:32:22.220] Senator Francis Kiko Pangilinan** (asr-001141)  
Sorry.

**[01:32:24.100] Senator Francis Kiko Pangilinan** (asr-001142)  
You don't have to answer it now because...

**[01:32:26.400] Senator Francis Kiko Pangilinan** (asr-001143)  
We'll give you time to find it.

**[01:32:31.980] Senator Francis Kiko Pangilinan** (asr-001144)  
Apologies.

**[01:32:32.720] Senator Francis Kiko Pangilinan** (asr-001145)  
I'm trying to look for the...

**[01:32:33.940] Senator Francis Kiko Pangilinan** (asr-001146)  
There you go.

**[01:32:35.100] Senator Francis Kiko Pangilinan** (asr-001147)  
So, the following.

**[01:32:39.620] Senator Francis Kiko Pangilinan** (asr-001148)  
If you could give data regarding small farmers and fisher folk loans,

**[01:32:48.940] Senator Francis Kiko Pangilinan** (asr-001149)  
if possible, over the last two years,

**[01:32:52.960] Senator Francis Kiko Pangilinan** (asr-001150)  
loan amounts released directly

**[01:32:55.260] Senator Francis Kiko Pangilinan** (asr-001151)  
and via lending partners,

**[01:32:58.160] Senator Francis Kiko Pangilinan** (asr-001152)  
number of hectares planted

**[01:32:59.560] Senator Francis Kiko Pangilinan** (asr-001153)  
by borrower rice farmers per region,

**[01:33:02.740] Senator Francis Kiko Pangilinan** (asr-001154)  
number of borrower farmers and borrower fishers per region basis,

**[01:33:07.960] Senator Francis Kiko Pangilinan** (asr-001155)  
number of repeat borrowers of farmers

**[01:33:10.520] Senator Francis Kiko Pangilinan** (asr-001156)  
and borrower fishers on a per region basis,

**[01:33:15.360] Senator Francis Kiko Pangilinan** (asr-001157)  
conversion of loans in terms of rice yield and fish yield,

**[01:33:19.780] Senator Francis Kiko Pangilinan** (asr-001158)  
if you have that,

**[01:33:21.340] Senator Francis Kiko Pangilinan** (asr-001159)  
by these small fisher folk and farmers,

**[01:33:25.260] Senator Francis Kiko Pangilinan** (asr-001160)  
if you can provide us also a table,

**[01:33:34.880] Senator Francis Kiko Pangilinan** (asr-001161)  
the lending process with daily timeline requirements,

**[01:33:38.920] Senator Francis Kiko Pangilinan** (asr-001162)  
because we have complaints from small farmers and fisher folk that,

**[01:33:44.580] Senator Francis Kiko Pangilinan** (asr-001163)  
well, it's bureaucratic, cumbersome,

**[01:33:48.180] Senator Francis Kiko Pangilinan** (asr-001164)  
so doon na lang kami uutang sa 5-6

**[01:33:50.960] Senator Francis Kiko Pangilinan** (asr-001165)  
kasi mabilis.

**[01:33:52.320] Senator Francis Kiko Pangilinan** (asr-001166)  
So, I just want to study it.

**[01:33:55.260] Senator Francis Kiko Pangilinan** (asr-001167)  
So, from first contact to SFF.

**[01:34:01.560] Senator Francis Kiko Pangilinan** (asr-001168)  
Also, if LBP and DBP can provide details on how many lending account officers you have per region

**[01:34:11.800] Senator Francis Kiko Pangilinan** (asr-001169)  
and how many SFF loans these lending account officers have historically approved,

**[01:34:22.140] Senator Francis Kiko Pangilinan** (asr-001170)  
we hope we can get that data so that we can,

**[01:34:25.080] Senator Francis Kiko Pangilinan** (asr-001171)  
we better understand why your loan portfolio is so small for our farmers

**[01:34:33.140] Senator Francis Kiko Pangilinan** (asr-001172)  
when you're supposed to be a farmer's development bank.

**[01:34:36.740] Senator Francis Kiko Pangilinan** (asr-001173)  
Where is it?

**[01:34:37.760] Senator Francis Kiko Pangilinan** (asr-001174)  
Here you go.

**[01:34:40.180] Senator Francis Kiko Pangilinan** (asr-001175)  
Land Bank reports 885.6 AFRD loan portfolio

**[01:34:50.940] Senator Francis Kiko Pangilinan** (asr-001176)  
with 2,000,

**[01:34:55.080] Senator Francis Kiko Pangilinan** (asr-001177)  
121,254 beneficiaries

**[01:34:58.640] Senator Francis Kiko Pangilinan** (asr-001178)  
through institutional borrowers.

**[01:35:01.480] Senator Francis Kiko Pangilinan** (asr-001179)  
However,

**[01:35:02.660] Senator Francis Kiko Pangilinan** (asr-001180)  
499 billion went to 888 large corporations

**[01:35:07.340] Senator Francis Kiko Pangilinan** (asr-001181)  
while only 1.55 billion

**[01:35:10.660] Senator Francis Kiko Pangilinan** (asr-001182)  
or 0.175%

**[01:35:13.120] Senator Francis Kiko Pangilinan** (asr-001183)  
was directly lent to individual farmers, fisher folk,

**[01:35:16.980] Senator Francis Kiko Pangilinan** (asr-001184)  
and agrarian reform beneficiaries.

**[01:35:18.600] Senator Francis Kiko Pangilinan** (asr-001185)  
So,

**[01:35:19.940] Senator Francis Kiko Pangilinan** (asr-001186)  
we'd like to figure out how to correct that

**[01:35:23.660] Senator Francis Kiko Pangilinan** (asr-001187)  
by way,

**[01:35:25.080] Senator Francis Kiko Pangilinan** (asr-001188)  
we are currently actually,

**[01:35:27.300] Senator Francis Kiko Pangilinan** (asr-001189)  
passed the third reading here in the Senate,

**[01:35:31.640] Senator Francis Kiko Pangilinan** (asr-001190)  
the Agri-Co-Ops Bill.

**[01:35:34.560] Senator Francis Kiko Pangilinan** (asr-001191)  
We'd like to see if we can put in some incentives,

**[01:35:38.660] Senator Francis Kiko Pangilinan** (asr-001192)  
I don't know,

**[01:35:39.220] Senator Francis Kiko Pangilinan** (asr-001193)  
in terms of credit

**[01:35:41.360] Senator Francis Kiko Pangilinan** (asr-001194)  
for these in the measure.

**[01:35:45.540] Senator Francis Kiko Pangilinan** (asr-001195)  
I don't know.

**[01:35:46.080] Senator Francis Kiko Pangilinan** (asr-001196)  
I have to study that.

**[01:35:48.680] Senator Francis Kiko Pangilinan** (asr-001197)  
So,

**[01:35:49.960] Senator Francis Kiko Pangilinan** (asr-001198)  
so,

**[01:35:50.660] Senator Francis Kiko Pangilinan** (asr-001199)  
you don't have to answer it now,

**[01:35:54.960] Senator Francis Kiko Pangilinan** (asr-001200)  
but,

**[01:35:55.080] Senator Francis Kiko Pangilinan** (asr-001201)  
if you can give us the information.

**[01:35:58.240] Senator Francis Kiko Pangilinan** (asr-001202)  
For example,

**[01:35:59.480] Senator Francis Kiko Pangilinan** (asr-001203)  
of the cooperatives financed by Land Bank,

**[01:36:03.140] Senator Francis Kiko Pangilinan** (asr-001204)  
how many have access to government markets?

**[01:36:06.220] Senator Francis Kiko Pangilinan** (asr-001205)  
I ask this because

**[01:36:07.340] Senator Francis Kiko Pangilinan** (asr-001206)  
with the Sagip-Saka law,

**[01:36:11.200] Senator Francis Kiko Pangilinan** (asr-001207)  
how much again?

**[01:36:14.220] Senator Francis Kiko Pangilinan** (asr-001208)  
11 billion last year?

**[01:36:17.860] Senator Francis Kiko Pangilinan** (asr-001209)  
Yeah, as of June 2026,

**[01:36:20.060] Senator Francis Kiko Pangilinan** (asr-001210)  
government has already bought

**[01:36:21.620] Senator Francis Kiko Pangilinan** (asr-001211)  
11 billion worth of agri-products.

**[01:36:25.080] Senator Francis Kiko Pangilinan** (asr-001212)  
Directly through the Sagip-Saka law.

**[01:36:28.620] Senator Francis Kiko Pangilinan** (asr-001213)  
Which means,

**[01:36:29.760] Senator Francis Kiko Pangilinan** (asr-001214)  
therefore,

**[01:36:30.200] Senator Francis Kiko Pangilinan** (asr-001215)  
that if they have the market,

**[01:36:33.700] Senator Francis Kiko Pangilinan** (asr-001216)  
then that's one indicator of creditworthiness.

**[01:36:38.780] Senator Francis Kiko Pangilinan** (asr-001217)  
I mean,

**[01:36:39.260] Senator Francis Kiko Pangilinan** (asr-001218)  
among others.

**[01:36:40.240] Senator Francis Kiko Pangilinan** (asr-001219)  
And therefore,

**[01:36:41.580] Senator Francis Kiko Pangilinan** (asr-001220)  
if their markets are secure,

**[01:36:44.260] Senator Francis Kiko Pangilinan** (asr-001221)  
they might be able to borrow,

**[01:36:47.820] Senator Francis Kiko Pangilinan** (asr-001222)  
expand their operations.

**[01:36:51.040] Senator Francis Kiko Pangilinan** (asr-001223)  
So,

**[01:36:51.240] Senator Francis Kiko Pangilinan** (asr-001224)  
so,

**[01:36:51.400] Senator Francis Kiko Pangilinan** (asr-001225)  
so,

**[01:36:52.820] Senator Francis Kiko Pangilinan** (asr-001226)  
if we can get that data,

**[01:36:55.080] Senator Francis Kiko Pangilinan** (asr-001227)  
we can get that data.

**[01:36:59.180] Senator Francis Kiko Pangilinan** (asr-001228)  
And,

**[01:37:00.100] Senator Francis Kiko Pangilinan** (asr-001229)  
I guess that's it,

**[01:37:03.040] Senator Francis Kiko Pangilinan** (asr-001230)  
siguro for now.

**[01:37:04.620] Senator Francis Kiko Pangilinan** (asr-001231)  
I will yield the floor

**[01:37:05.840] Senator Francis Kiko Pangilinan** (asr-001232)  
until I gather my,

**[01:37:08.120] Senator Francis Kiko Pangilinan** (asr-001233)  
the other data that I have.

**[01:37:09.740] Senator Francis Kiko Pangilinan** (asr-001234)  
Mr. Chairman,

**[01:37:10.340] Senator Francis Kiko Pangilinan** (asr-001235)  
thank you very much.

**[01:37:12.280] Senator Joseph Victor "JV" G. Ejercito** (asr-001236)  
Yes,

**[01:37:12.680] Senator Joseph Victor "JV" G. Ejercito** (asr-001237)  
Secretary Go.

**[01:37:14.180] DOF Secretary Frederick D. Go** (asr-001238)  
Mr. Chair,

**[01:37:14.920] DOF Secretary Frederick D. Go** (asr-001239)  
I'll just respond quickly

**[01:37:15.920] DOF Secretary Frederick D. Go** (asr-001240)  
to Senator Kiko Pangilinan.

**[01:37:18.840] DOF Secretary Frederick D. Go** (asr-001241)  
Yeah,

**[01:37:18.980] DOF Secretary Frederick D. Go** (asr-001242)  
we will ensure that DBP and Land Bank

**[01:37:20.700] DOF Secretary Frederick D. Go** (asr-001243)  
sends you the data that you required

**[01:37:22.360] DOF Secretary Frederick D. Go** (asr-001244)  
as soon as possible

**[01:37:23.820] DOF Secretary Frederick D. Go** (asr-001245)  
before the plenary.

**[01:37:25.060] DOF Secretary Frederick D. Go** (asr-001246)  
Thank you.

**[01:37:26.280] Senator Francis Kiko Pangilinan** (asr-001247)  
Yes,

**[01:37:26.500] Senator Francis Kiko Pangilinan** (asr-001248)  
we're doing benchmarking.

**[01:37:28.160] Senator Francis Kiko Pangilinan** (asr-001249)  
The reason why we're doing this now

**[01:37:30.020] Senator Francis Kiko Pangilinan** (asr-001250)  
and gathering the information

**[01:37:31.440] Senator Francis Kiko Pangilinan** (asr-001251)  
is because

**[01:37:32.000] Senator Francis Kiko Pangilinan** (asr-001252)  
we anticipate that,

**[01:37:33.960] Senator Francis Kiko Pangilinan** (asr-001253)  
and the President has identified it

**[01:37:36.020] Senator Francis Kiko Pangilinan** (asr-001254)  
as a priority,

**[01:37:38.060] Senator Francis Kiko Pangilinan** (asr-001255)  
as a priority,

**[01:37:40.420] Senator Francis Kiko Pangilinan** (asr-001256)  
two priority measures.

**[01:37:41.800] Senator Francis Kiko Pangilinan** (asr-001257)  
The renationalization

**[01:37:44.100] Senator Francis Kiko Pangilinan** (asr-001258)  
of extension services

**[01:37:45.860] Senator Francis Kiko Pangilinan** (asr-001259)  
for agri and fisheries,

**[01:37:47.360] Senator Francis Kiko Pangilinan** (asr-001260)  
which means

**[01:37:48.460] Senator Francis Kiko Pangilinan** (asr-001261)  
we will have boots on the ground.

**[01:37:50.460] Senator Francis Kiko Pangilinan** (asr-001262)  
And the reestablishment

**[01:37:51.960] Senator Francis Kiko Pangilinan** (asr-001263)  
of the Bureau of Agriculture and Fisheries

**[01:37:54.140] Senator Francis Kiko Pangilinan** (asr-001264)  
cooperatives

**[01:37:56.060] Senator Francis Kiko Pangilinan** (asr-001267)  
under the DA.

**[01:37:58.680] Senator Francis Kiko Pangilinan** (asr-001268)  
So we want to benchmark that

**[01:38:00.220] Senator Francis Kiko Pangilinan** (asr-001269)  
because once that is low,

**[01:38:02.760] Senator Francis Kiko Pangilinan** (asr-001270)  
then we will now create

**[01:38:04.600] Senator Francis Kiko Pangilinan** (asr-001271)  
the information necessary

**[01:38:06.820] Senator Francis Kiko Pangilinan** (asr-001272)  
for us to have benchmarked

**[01:38:09.300] Senator Francis Kiko Pangilinan** (asr-001273)  
in terms of where are we now.

**[01:38:11.580] Senator Francis Kiko Pangilinan** (asr-001274)  
Because once you have

**[01:38:12.940] Senator Francis Kiko Pangilinan** (asr-001275)  
extension workers

**[01:38:14.200] Senator Francis Kiko Pangilinan** (asr-001276)  
in every municipality,

**[01:38:17.800] Senator Francis Kiko Pangilinan** (asr-001277)  
right now, for example,

**[01:38:18.920] Senator Francis Kiko Pangilinan** (asr-001278)  
in San Luis, Pampanga,

**[01:38:20.900] Senator Francis Kiko Pangilinan** (asr-001279)  
they have 3,500 farmers,

**[01:38:23.420] Senator Francis Kiko Pangilinan** (asr-001280)  
but they only have

**[01:38:24.720] Senator Francis Kiko Pangilinan** (asr-001281)  
five DA local.

**[01:38:29.500] Senator Francis Kiko Pangilinan** (asr-001282)  
Unlike in Taiwan,

**[01:38:31.600] Senator Francis Kiko Pangilinan** (asr-001283)  
the ratio of extension workers

**[01:38:33.540] Senator Francis Kiko Pangilinan** (asr-001284)  
to farmers

**[01:38:34.160] Senator Francis Kiko Pangilinan** (asr-001285)  
is one extension worker,

**[01:38:36.960] Senator Francis Kiko Pangilinan** (asr-001286)  
18 farmers.

**[01:38:39.080] Senator Francis Kiko Pangilinan** (asr-001287)  
They have 580,000 farmers.

**[01:38:42.260] Senator Francis Kiko Pangilinan** (asr-001288)  
They're organized

**[01:38:43.340] Senator Francis Kiko Pangilinan** (asr-001289)  
into 320 farmers associations.

**[01:38:47.700] Senator Francis Kiko Pangilinan** (asr-001290)  
And of these 320 farmers associations,

**[01:38:50.640] Senator Francis Kiko Pangilinan** (asr-001291)  
their members are co-ops.

**[01:38:52.880] Senator Francis Kiko Pangilinan** (asr-001292)  
So the co-ops become members

**[01:38:54.420] Senator Francis Kiko Pangilinan** (asr-001293)  
of the association

**[01:38:55.860] Senator Francis Kiko Pangilinan** (asr-001294)  
and they're organized

**[01:38:57.060] Senator Francis Kiko Pangilinan** (asr-001295)  
and have extension worker support

**[01:39:00.520] Senator Francis Kiko Pangilinan** (asr-001296)  
of 18 farmers,

**[01:39:03.600] Senator Francis Kiko Pangilinan** (asr-001297)  
one extension worker.

**[01:39:05.220] Senator Francis Kiko Pangilinan** (asr-001298)  
So you can imagine

**[01:39:06.500] Senator Francis Kiko Pangilinan** (asr-001299)  
if we restructure the DA,

**[01:39:09.600] Senator Francis Kiko Pangilinan** (asr-001300)  
provide the necessary manpower

**[01:39:11.440] Senator Francis Kiko Pangilinan** (asr-001301)  
for extension workers,

**[01:39:13.360] Senator Francis Kiko Pangilinan** (asr-001302)  
financial literacy programs,

**[01:39:15.320] Senator Francis Kiko Pangilinan** (asr-001303)  
interventions,

**[01:39:16.320] Senator Francis Kiko Pangilinan** (asr-001304)  
capacity building, training,

**[01:39:18.020] Senator Francis Kiko Pangilinan** (asr-001305)  
and then create the cooperatives,

**[01:39:20.120] Senator Francis Kiko Pangilinan** (asr-001306)  
then you will have economies of scale.

**[01:39:21.640] Senator Francis Kiko Pangilinan** (asr-001307)  
And then you will be able to

**[01:39:23.140] Senator Francis Kiko Pangilinan** (asr-001308)  
get them to become,

**[01:39:24.420] Senator Francis Kiko Pangilinan** (asr-001309)  
to become creditworthy

**[01:39:25.320] Senator Francis Kiko Pangilinan** (asr-001310)  
and therefore bankable.

**[01:39:28.460] Senator Francis Kiko Pangilinan** (asr-001311)  
I mean, for lack of a better term.

**[01:39:31.300] Senator Francis Kiko Pangilinan** (asr-001312)  
So that's why we want that data.

**[01:39:35.320] Senator Francis Kiko Pangilinan** (asr-001313)  
So there.

**[01:39:38.060] Senator Francis Kiko Pangilinan** (asr-001314)  
Anyway,

**[01:39:39.220] Senator Francis Kiko Pangilinan** (asr-001315)  
thank you, Secretary Go,

**[01:39:41.980] Senator Francis Kiko Pangilinan** (asr-001316)  
for the support.

**[01:39:47.060] Senator Joseph Victor "JV" G. Ejercito** (asr-001317)  
Thank you, Senator Pangilinan.

**[01:39:50.500] Senator Joseph Victor "JV" G. Ejercito** (asr-001318)  
Chair, we'd like to

**[01:39:51.680] Senator Joseph Victor "JV" G. Ejercito** (asr-001319)  
provide some questions.

**[01:39:54.420] Senator Joseph Victor "JV" G. Ejercito** (asr-001320)  
Basic, because we have to prepare also.

**[01:39:58.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001321)  
Just to remind the

**[01:40:00.040] Senator Joseph Victor "JV" G. Ejercito** (asr-001322)  
TOF and the attached agencies

**[01:40:02.120] Senator Joseph Victor "JV" G. Ejercito** (asr-001323)  
to prepare also for the plenary.

**[01:40:04.620] Senator Joseph Victor "JV" G. Ejercito** (asr-001324)  
Lagi ito, briefing lang ito.

**[01:40:05.980] Senator Joseph Victor "JV" G. Ejercito** (asr-001325)  
But we will submit to you

**[01:40:07.940] Senator Joseph Victor "JV" G. Ejercito** (asr-001326)  
some questions

**[01:40:09.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001327)  
that will not be asked today.

**[01:40:11.220] Senator Joseph Victor "JV" G. Ejercito** (asr-001328)  
But please prepare

**[01:40:12.220] Senator Joseph Victor "JV" G. Ejercito** (asr-001329)  
so that in the come plenary,

**[01:40:14.860] Senator Joseph Victor "JV" G. Ejercito** (asr-001330)  
we will be ready.

**[01:40:17.660] Senator Joseph Victor "JV" G. Ejercito** (asr-001331)  
Ganun din, parang sa

**[01:40:18.640] Senator Joseph Victor "JV" G. Ejercito** (asr-001332)  
parang sa mga cue cards,

**[01:40:20.420] Senator Joseph Victor "JV" G. Ejercito** (asr-001333)  
parang lang ready tayo

**[01:40:21.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001334)  
so that we won't have any delays.

**[01:40:24.420] Senator Joseph Victor "JV" G. Ejercito** (asr-001335)  
So, anyway,

**[01:40:25.860] Senator Joseph Victor "JV" G. Ejercito** (asr-001336)  
sana yun mga kayo dyan.

**[01:40:27.420] Senator Joseph Victor "JV" G. Ejercito** (asr-001337)  
Most of,

**[01:40:28.440] Senator Joseph Victor "JV" G. Ejercito** (asr-001338)  
I think,

**[01:40:29.760] Senator Joseph Victor "JV" G. Ejercito** (asr-001339)  
I can identify

**[01:40:30.820] Senator Joseph Victor "JV" G. Ejercito** (asr-001340)  
three USECs here

**[01:40:31.760] Senator Joseph Victor "JV" G. Ejercito** (asr-001341)  
became my

**[01:40:32.460] Senator Joseph Victor "JV" G. Ejercito** (asr-001342)  
backstops before.

**[01:40:34.780] Senator Joseph Victor "JV" G. Ejercito** (asr-001343)  
As I mentioned,

**[01:40:35.760] Senator Joseph Victor "JV" G. Ejercito** (asr-001344)  
si USEC Carlo,

**[01:40:36.900] Senator Joseph Victor "JV" G. Ejercito** (asr-001345)  
USEC

**[01:40:37.380] Senator Joseph Victor "JV" G. Ejercito** (asr-001346)  
Cathy,

**[01:40:38.800] Senator Joseph Victor "JV" G. Ejercito** (asr-001347)  
di pala si USEC Crystal,

**[01:40:40.020] Senator Joseph Victor "JV" G. Ejercito** (asr-001348)  
nandun din,

**[01:40:40.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001349)  
mara USEC na.

**[01:40:41.900] Senator Joseph Victor "JV" G. Ejercito** (asr-001350)  
Ito yung mga nagpahirap sa akin

**[01:40:43.200] Senator Joseph Victor "JV" G. Ejercito** (asr-001351)  
sa automatic

**[01:40:43.920] Senator Joseph Victor "JV" G. Ejercito** (asr-001352)  
classification,

**[01:40:46.280] Senator Joseph Victor "JV" G. Ejercito** (asr-001353)  
mining fiscal regime,

**[01:40:48.400] Senator Joseph Victor "JV" G. Ejercito** (asr-001354)  
and PPP code.

**[01:40:50.660] Senator Joseph Victor "JV" G. Ejercito** (asr-001355)  
Sek, hindi na ako,

**[01:40:51.920] Senator Joseph Victor "JV" G. Ejercito** (asr-001356)  
gano'n.

**[01:40:52.540] Senator Joseph Victor "JV" G. Ejercito** (asr-001357)  
All of these are

**[01:40:53.220] Senator Joseph Victor "JV" G. Ejercito** (asr-001358)  
priority measures

**[01:40:55.320] Senator Joseph Victor "JV" G. Ejercito** (asr-001359)  
by revenue generating measures

**[01:40:57.200] Senator Joseph Victor "JV" G. Ejercito** (asr-001360)  
by the administration.

**[01:40:59.140] Senator Joseph Victor "JV" G. Ejercito** (asr-001361)  
All of these are

**[01:40:59.940] Senator Joseph Victor "JV" G. Ejercito** (asr-001362)  
take note,

**[01:41:00.780] Senator Joseph Victor "JV" G. Ejercito** (asr-001363)  
hindi ko puli niya lahat ito.

**[01:41:02.780] Senator Joseph Victor "JV" G. Ejercito** (asr-001364)  
But,

**[01:41:03.020] Senator Joseph Victor "JV" G. Ejercito** (asr-001365)  
but thanks to the

**[01:41:05.160] Senator Joseph Victor "JV" G. Ejercito** (asr-001366)  
capable USECs now

**[01:41:06.900] Senator Joseph Victor "JV" G. Ejercito** (asr-001367)  
that they were,

**[01:41:08.200] Senator Joseph Victor "JV" G. Ejercito** (asr-001368)  
they serve as my backstop before.

**[01:41:10.000] Senator Joseph Victor "JV" G. Ejercito** (asr-001369)  
We're able to pass these

**[01:41:11.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001370)  
legislations.

**[01:41:14.840] Senator Joseph Victor "JV" G. Ejercito** (asr-001371)  
Anyway,

**[01:41:15.480] Senator Joseph Victor "JV" G. Ejercito** (asr-001372)  
my first question,

**[01:41:16.960] Senator Joseph Victor "JV" G. Ejercito** (asr-001373)  
siguro with regards to na,

**[01:41:19.060] Senator Joseph Victor "JV" G. Ejercito** (asr-001374)  
kasi baka tanungin din ito,

**[01:41:20.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001375)  
at least we have to be prepared.

**[01:41:21.420] Senator Joseph Victor "JV" G. Ejercito** (asr-001376)  
Rising national debt,

**[01:41:23.220] Senator Joseph Victor "JV" G. Ejercito** (asr-001377)  
as of July 2026,

**[01:41:24.740] Senator Joseph Victor "JV" G. Ejercito** (asr-001378)  
the Philippines' total outstanding debt

**[01:41:26.620] Senator Joseph Victor "JV" G. Ejercito** (asr-001379)  
climbed to 19.39 trillion,

**[01:41:30.140] Senator Joseph Victor "JV" G. Ejercito** (asr-001380)  
with debt to GDP

**[01:41:32.400] Senator Joseph Victor "JV" G. Ejercito** (asr-001381)  
sitting at 66%,

**[01:41:34.240] Senator Joseph Victor "JV" G. Ejercito** (asr-001382)  
and is projected to breach

**[01:41:35.920] Senator Joseph Victor "JV" G. Ejercito** (asr-001383)  
21.48 trillion

**[01:41:37.720] Senator Joseph Victor "JV" G. Ejercito** (asr-001384)  
by the end of 2027.

**[01:41:40.320] Senator Joseph Victor "JV" G. Ejercito** (asr-001385)  
To fund the upcoming fiscal year,

**[01:41:42.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001386)  
the DOF expects to borrow

**[01:41:44.680] Senator Joseph Victor "JV" G. Ejercito** (asr-001387)  
an additional 3.3 trillion.

**[01:41:48.480] Senator Joseph Victor "JV" G. Ejercito** (asr-001388)  
This is very concerning

**[01:41:49.800] Senator Joseph Victor "JV" G. Ejercito** (asr-001389)  
as debt servicing alone

**[01:41:51.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001390)  
under financial expenses,

**[01:41:53.220] Senator Joseph Victor "JV" G. Ejercito** (asr-001391)  
will be at 1.114 trillion

**[01:41:56.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001392)  
of the national debt budget.

**[01:41:58.920] Senator Joseph Victor "JV" G. Ejercito** (asr-001393)  
That's over a trillion pesos

**[01:42:00.120] Senator Joseph Victor "JV" G. Ejercito** (asr-001394)  
going to interest

**[01:42:01.480] Senator Joseph Victor "JV" G. Ejercito** (asr-001395)  
rather than building hospitals,

**[01:42:03.600] Senator Joseph Victor "JV" G. Ejercito** (asr-001396)  
supporting farmers,

**[01:42:04.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001397)  
or improving our transport network.

**[01:42:08.080] Senator Joseph Victor "JV" G. Ejercito** (asr-001398)  
My question is,

**[01:42:09.400] Senator Joseph Victor "JV" G. Ejercito** (asr-001399)  
what concrete revenue measures

**[01:42:10.880] Senator Joseph Victor "JV" G. Ejercito** (asr-001400)  
or strategies is the DOF implementing

**[01:42:12.960] Senator Joseph Victor "JV" G. Ejercito** (asr-001401)  
to ensure that these massive interest payments

**[01:42:16.280] Senator Joseph Victor "JV" G. Ejercito** (asr-001402)  
don't crowd out our spending

**[01:42:17.660] Senator Joseph Victor "JV" G. Ejercito** (asr-001403)  
for other important purposes?

**[01:42:23.220] DOF Secretary Frederick D. Go** (asr-001404)  
Mr. Chair,

**[01:42:25.040] DOF Secretary Frederick D. Go** (asr-001405)  
first, the data that you provided

**[01:42:26.960] DOF Secretary Frederick D. Go** (asr-001406)  
is accurate.

**[01:42:30.000] DOF Secretary Frederick D. Go** (asr-001407)  
I'd just like to

**[01:42:31.600] DOF Secretary Frederick D. Go** (asr-001408)  
reply in two ways,

**[01:42:35.320] DOF Secretary Frederick D. Go** (asr-001409)  
then I'll ask Yusek Carlo Adriano

**[01:42:37.420] DOF Secretary Frederick D. Go** (asr-001410)  
to pitch in,

**[01:42:39.520] DOF Secretary Frederick D. Go** (asr-001411)  
or the National Treasurer,

**[01:42:41.120] DOF Secretary Frederick D. Go** (asr-001412)  
Sharon Almanza.

**[01:42:42.540] DOF Secretary Frederick D. Go** (asr-001413)  
First,

**[01:42:44.600] DOF Secretary Frederick D. Go** (asr-001414)  
what we look at,

**[01:42:46.800] DOF Secretary Frederick D. Go** (asr-001415)  
because it is what is comparable

**[01:42:48.300] DOF Secretary Frederick D. Go** (asr-001416)  
to the rest of the world,

**[01:42:49.480] DOF Secretary Frederick D. Go** (asr-001417)  
is general government debt

**[01:42:53.220] DOF Secretary Frederick D. Go** (asr-001418)  
and GDP.

**[01:42:54.440] DOF Secretary Frederick D. Go** (asr-001419)  
In short,

**[01:42:54.880] DOF Secretary Frederick D. Go** (asr-001420)  
GG debt

**[01:42:55.560] DOF Secretary Frederick D. Go** (asr-001421)  
and not national government debt,

**[01:42:57.660] DOF Secretary Frederick D. Go** (asr-001422)  
which is NG debt.

**[01:42:59.420] DOF Secretary Frederick D. Go** (asr-001423)  
So yes,

**[01:42:59.920] DOF Secretary Frederick D. Go** (asr-001424)  
NG debt is roughly around 66%.

**[01:43:02.320] DOF Secretary Frederick D. Go** (asr-001425)  
GG debt is roughly around 58%.

**[01:43:04.740] DOF Secretary Frederick D. Go** (asr-001426)  
And the World Bank threshold

**[01:43:06.660] DOF Secretary Frederick D. Go** (asr-001427)  
right now for a country

**[01:43:09.520] DOF Secretary Frederick D. Go** (asr-001428)  
like where we are

**[01:43:12.320] DOF Secretary Frederick D. Go** (asr-001429)  
is 70% is the threshold.

**[01:43:15.260] DOF Secretary Frederick D. Go** (asr-001430)  
So at 58%

**[01:43:16.480] DOF Secretary Frederick D. Go** (asr-001431)  
versus the 70% threshold,

**[01:43:19.120] DOF Secretary Frederick D. Go** (asr-001432)  
we have space.

**[01:43:21.000] DOF Secretary Frederick D. Go** (asr-001433)  
And I think more importantly,

**[01:43:22.840] DOF Secretary Frederick D. Go** (asr-001434)  
by the year 2030,

**[01:43:24.560] DOF Secretary Frederick D. Go** (asr-001435)  
our goal is to bring that down

**[01:43:26.160] DOF Secretary Frederick D. Go** (asr-001436)  
to 56.1%.

**[01:43:30.340] DOF Secretary Frederick D. Go** (asr-001437)  
So there's a path

**[01:43:31.560] DOF Secretary Frederick D. Go** (asr-001438)  
to take that down.

**[01:43:37.740] DOF Secretary Frederick D. Go** (asr-001439)  
Those are my two replies.

**[01:43:40.500] DOF Secretary Frederick D. Go** (asr-001440)  
But I think the most critical reply

**[01:43:42.760] DOF Secretary Frederick D. Go** (asr-001441)  
I have, Mr. Chair,

**[01:43:45.200] DOF Secretary Frederick D. Go** (asr-001442)  
is that the DOF,

**[01:43:46.460] DOF Secretary Frederick D. Go** (asr-001443)  
we generate the revenues.

**[01:43:50.340] DOF Secretary Frederick D. Go** (asr-001444)  
And we have to borrow the gap.

**[01:43:52.840] DOF Secretary Frederick D. Go** (asr-001445)  
The problem is,

**[01:43:55.820] DOF Secretary Frederick D. Go** (asr-001446)  
all the other,

**[01:43:57.080] DOF Secretary Frederick D. Go** (asr-001447)  
I'm the only cabinet secretary

**[01:43:58.980] DOF Secretary Frederick D. Go** (asr-001448)  
that generates revenues.

**[01:44:00.960] DOF Secretary Frederick D. Go** (asr-001449)  
We're the only department

**[01:44:02.160] DOF Secretary Frederick D. Go** (asr-001450)  
in the cabinet

**[01:44:03.000] DOF Secretary Frederick D. Go** (asr-001451)  
that generates revenue,

**[01:44:04.560] DOF Secretary Frederick D. Go** (asr-001452)  
so to speak,

**[01:44:05.680] DOF Secretary Frederick D. Go** (asr-001453)  
for the government.

**[01:44:06.440] DOF Secretary Frederick D. Go** (asr-001454)  
All the other agencies

**[01:44:08.080] DOF Secretary Frederick D. Go** (asr-001455)  
are spending.

**[01:44:09.900] DOF Secretary Frederick D. Go** (asr-001456)  
So I think the equation

**[01:44:11.440] DOF Secretary Frederick D. Go** (asr-001457)  
of the gap

**[01:44:12.560] DOF Secretary Frederick D. Go** (asr-001458)  
cannot be answered

**[01:44:14.160] DOF Secretary Frederick D. Go** (asr-001459)  
by DOF alone

**[01:44:15.300] DOF Secretary Frederick D. Go** (asr-001460)  
because we generate the revenues

**[01:44:18.180] DOF Secretary Frederick D. Go** (asr-001461)  
and we borrow the difference.

**[01:44:21.520] DOF Secretary Frederick D. Go** (asr-001462)  
But the other part

**[01:44:22.720] DOF Secretary Frederick D. Go** (asr-001463)  
of the equation

**[01:44:23.320] DOF Secretary Frederick D. Go** (asr-001464)  
are all the other agencies

**[01:44:25.720] DOF Secretary Frederick D. Go** (asr-001465)  
that require the NEP

**[01:44:29.920] DOF Secretary Frederick D. Go** (asr-001466)  
or the GAA.

**[01:44:32.100] DOF Secretary Frederick D. Go** (asr-001467)  
So, Nt, you want to add?

**[01:44:33.200] Senator Joseph Victor "JV" G. Ejercito** (asr-001468)  
Yes, I use the cardio.

**[01:44:35.520] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001469)  
Good afternoon, Mr. Chair.

**[01:44:37.480] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001470)  
So to ensure that we will meet

**[01:44:39.320] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001471)  
our revenue targets,

**[01:44:41.160] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001472)  
as you mentioned,

**[01:44:42.240] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001473)  
we have implemented

**[01:44:43.140] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001474)  
several tax policies

**[01:44:44.840] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001475)  
which include the mining

**[01:44:46.140] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001476)  
fiscal regime.

**[01:44:47.880] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001477)  
And in total,

**[01:44:48.720] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001478)  
on average,

**[01:44:49.400] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001479)  
that would get us

**[01:44:50.200] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001480)  
additional revenue

**[01:44:50.980] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001481)  
around 30 billion pesos

**[01:44:52.500] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001482)  
total.

**[01:44:53.700] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001483)  
And at the same time,

**[01:44:54.860] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001484)  
the DOF is pushing

**[01:44:56.280] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001485)  
for the progress.

**[01:44:57.600] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001486)  
You're promoting

**[01:44:58.060] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001487)  
growth, revenue,

**[01:44:59.700] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001488)  
equity.

**[01:45:00.000] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001489)  
towards socio-economic sustainability

**[01:45:01.600] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001490)  
and if legislated into law

**[01:45:04.380] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001491)  
that will bring another

**[01:45:05.920] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001492)  
net impact of around

**[01:45:07.740] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001493)  
43 billion pesos.

**[01:45:11.700] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001494)  
Maybe the top can further

**[01:45:14.440] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001495)  
discuss what we're doing

**[01:45:16.380] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001496)  
to ensure fiscal sustainability

**[01:45:18.040] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001497)  
on our debt.

**[01:45:20.020] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001498)  
Mga debt stat.

**[01:45:22.540] Senator Joseph Victor "JV" G. Ejercito** (asr-001499)  
Yes, Treasurer

**[01:45:24.140] Senator Joseph Victor "JV" G. Ejercito** (asr-001500)  
Sharon Almanza.

**[01:45:27.100] Treasurer of the Philippines Sharon P. Almanza** (asr-001501)  
Thank you, Mr. Chair.

**[01:45:28.200] Treasurer of the Philippines Sharon P. Almanza** (asr-001502)  
On the debt management

**[01:45:30.340] Treasurer of the Philippines Sharon P. Almanza** (asr-001503)  
yes, we recognize

**[01:45:32.020] Treasurer of the Philippines Sharon P. Almanza** (asr-001504)  
that our debt service

**[01:45:34.680] Treasurer of the Philippines Sharon P. Almanza** (asr-001505)  
will be increasing

**[01:45:35.660] Treasurer of the Philippines Sharon P. Almanza** (asr-001506)  
especially next year

**[01:45:37.080] Treasurer of the Philippines Sharon P. Almanza** (asr-001507)  
but it's really a consequence

**[01:45:40.100] Treasurer of the Philippines Sharon P. Almanza** (asr-001508)  
of our

**[01:45:41.200] Treasurer of the Philippines Sharon P. Almanza** (asr-001509)  
supporting the deficit

**[01:45:44.100] Treasurer of the Philippines Sharon P. Almanza** (asr-001510)  
ensuring that we will have

**[01:45:46.240] Treasurer of the Philippines Sharon P. Almanza** (asr-001511)  
more budget for productive

**[01:45:48.120] Treasurer of the Philippines Sharon P. Almanza** (asr-001512)  
spending and of course

**[01:45:49.800] Treasurer of the Philippines Sharon P. Almanza** (asr-001513)  
support growth but

**[01:45:51.480] Treasurer of the Philippines Sharon P. Almanza** (asr-001514)  
we are, as mentioned by the Secretary

**[01:45:54.260] Treasurer of the Philippines Sharon P. Almanza** (asr-001515)  
we ensure that we manage

**[01:45:56.160] Treasurer of the Philippines Sharon P. Almanza** (asr-001516)  
debt prudently

**[01:45:57.020] Treasurer of the Philippines Sharon P. Almanza** (asr-001517)  
making sure that we're able

**[01:45:59.420] Treasurer of the Philippines Sharon P. Almanza** (asr-001518)  
to manage the risk

**[01:46:01.900] Treasurer of the Philippines Sharon P. Almanza** (asr-001519)  
of our debt portfolio

**[01:46:03.380] Treasurer of the Philippines Sharon P. Almanza** (asr-001520)  
minimizing our FX

**[01:46:06.140] Treasurer of the Philippines Sharon P. Almanza** (asr-001521)  
exposure in terms of our

**[01:46:08.600] Treasurer of the Philippines Sharon P. Almanza** (asr-001522)  
foreign currency

**[01:46:10.360] Treasurer of the Philippines Sharon P. Almanza** (asr-001523)  
denominated debt

**[01:46:11.260] Treasurer of the Philippines Sharon P. Almanza** (asr-001524)  
but the

**[01:46:13.700] Treasurer of the Philippines Sharon P. Almanza** (asr-001525)  
challenge, Mr. Chair, is

**[01:46:15.960] Treasurer of the Philippines Sharon P. Almanza** (asr-001526)  
we are really facing

**[01:46:18.280] Treasurer of the Philippines Sharon P. Almanza** (asr-001527)  
headwinds. The macroeconomic

**[01:46:20.660] Treasurer of the Philippines Sharon P. Almanza** (asr-001528)  
environment is very

**[01:46:22.380] Treasurer of the Philippines Sharon P. Almanza** (asr-001529)  
challenging. The rates

**[01:46:24.460] Treasurer of the Philippines Sharon P. Almanza** (asr-001530)  
domestically and even abroad

**[01:46:26.160] Treasurer of the Philippines Sharon P. Almanza** (asr-001531)  
has taken a lot of place.

**[01:46:27.020] Treasurer of the Philippines Sharon P. Almanza** (asr-001532)  
Especially after the war

**[01:46:29.400] Treasurer of the Philippines Sharon P. Almanza** (asr-001533)  
and we are actually repricing

**[01:46:31.640] Treasurer of the Philippines Sharon P. Almanza** (asr-001534)  
debt that we've incurred

**[01:46:34.420] Treasurer of the Philippines Sharon P. Almanza** (asr-001535)  
in the past which

**[01:46:35.120] Treasurer of the Philippines Sharon P. Almanza** (asr-001536)  
have very low rates

**[01:46:37.740] Treasurer of the Philippines Sharon P. Almanza** (asr-001537)  
and we are replacing them

**[01:46:39.660] Treasurer of the Philippines Sharon P. Almanza** (asr-001538)  
with very high

**[01:46:41.160] Treasurer of the Philippines Sharon P. Almanza** (asr-001539)  
debt, meaning to say

**[01:46:43.720] Treasurer of the Philippines Sharon P. Almanza** (asr-001540)  
higher interest rates

**[01:46:46.020] Treasurer of the Philippines Sharon P. Almanza** (asr-001541)  
debt. This is about

**[01:46:47.540] Treasurer of the Philippines Sharon P. Almanza** (asr-001542)  
200 to 300 basis points more expensive

**[01:46:49.960] Treasurer of the Philippines Sharon P. Almanza** (asr-001543)  
that's why, Mr. Chair, we expect

**[01:46:52.140] Treasurer of the Philippines Sharon P. Almanza** (asr-001544)  
that our interest payment will

**[01:46:53.740] Treasurer of the Philippines Sharon P. Almanza** (asr-001545)  
increase not only next year

**[01:46:55.940] Treasurer of the Philippines Sharon P. Almanza** (asr-001546)  
but in the succeeding

**[01:46:56.960] Treasurer of the Philippines Sharon P. Almanza** (asr-001547)  
years. Thank you.

**[01:46:58.840] Senator Joseph Victor "JV" G. Ejercito** (asr-001548)  
Thank you.

**[01:46:59.400] DOF Secretary Frederick D. Go** (asr-001549)  
Mr. Chair, if I may,

**[01:47:02.460] DOF Secretary Frederick D. Go** (asr-001550)  
one last point.

**[01:47:04.180] DOF Secretary Frederick D. Go** (asr-001551)  
There is a page 7 in my presentation

**[01:47:06.520] DOF Secretary Frederick D. Go** (asr-001552)  
earlier. I think that's a very

**[01:47:08.660] DOF Secretary Frederick D. Go** (asr-001553)  
very important slide because it will really

**[01:47:10.580] DOF Secretary Frederick D. Go** (asr-001554)  
explain how we try to keep our debt

**[01:47:12.500] DOF Secretary Frederick D. Go** (asr-001555)  
levels sustainable

**[01:47:13.740] DOF Secretary Frederick D. Go** (asr-001556)  
and manageable.

**[01:47:16.360] DOF Secretary Frederick D. Go** (asr-001557)  
There are three ways, right? One is we want to

**[01:47:18.480] DOF Secretary Frederick D. Go** (asr-001558)  
borrow as much as possible domestically

**[01:47:20.560] DOF Secretary Frederick D. Go** (asr-001559)  
and not borrow in foreign exchange.

**[01:47:22.920] DOF Secretary Frederick D. Go** (asr-001560)  
So right now it's about 6733.

**[01:47:25.540] DOF Secretary Frederick D. Go** (asr-001561)  
Our goal is always to

**[01:47:26.740] DOF Secretary Frederick D. Go** (asr-001562)  
borrow 70 to 75%

**[01:47:28.760] DOF Secretary Frederick D. Go** (asr-001563)  
in peso and

**[01:47:30.660] DOF Secretary Frederick D. Go** (asr-001564)  
25 to 30% in

**[01:47:32.760] DOF Secretary Frederick D. Go** (asr-001565)  
foreign currency.

**[01:47:34.500] DOF Secretary Frederick D. Go** (asr-001566)  
Second, we try to borrow always

**[01:47:36.660] DOF Secretary Frederick D. Go** (asr-001567)  
if possible in long term

**[01:47:38.580] DOF Secretary Frederick D. Go** (asr-001568)  
meaning over five years.

**[01:47:42.080] DOF Secretary Frederick D. Go** (asr-001569)  
But I think

**[01:47:42.640] DOF Secretary Frederick D. Go** (asr-001570)  
what Treasurer Almanza was

**[01:47:44.540] DOF Secretary Frederick D. Go** (asr-001571)  
trying to say is that with the interest rates

**[01:47:46.520] DOF Secretary Frederick D. Go** (asr-001572)  
going up now, it's very expensive for us

**[01:47:48.700] DOF Secretary Frederick D. Go** (asr-001573)  
to borrow long term. So

**[01:47:50.420] DOF Secretary Frederick D. Go** (asr-001574)  
we may have to shift to shorter

**[01:47:52.460] DOF Secretary Frederick D. Go** (asr-001575)  
term borrowings because it's cheaper.

**[01:47:55.640] DOF Secretary Frederick D. Go** (asr-001576)  
And third is

**[01:47:56.660] DOF Secretary Frederick D. Go** (asr-001577)  
the fixed rates. So we

**[01:47:58.260] DOF Secretary Frederick D. Go** (asr-001578)  
whenever we borrow, we try to borrow

**[01:48:00.300] DOF Secretary Frederick D. Go** (asr-001579)  
for today, up to

**[01:48:02.420] DOF Secretary Frederick D. Go** (asr-001580)  
90% of our debt is

**[01:48:04.440] DOF Secretary Frederick D. Go** (asr-001581)  
fixed, not variable

**[01:48:06.280] DOF Secretary Frederick D. Go** (asr-001582)  
interest rates. So at least there's

**[01:48:08.400] DOF Secretary Frederick D. Go** (asr-001583)  
predictability in the

**[01:48:10.420] DOF Secretary Frederick D. Go** (asr-001584)  
interest payments of the country.

**[01:48:13.300] DOF Secretary Frederick D. Go** (asr-001585)  
Thank you, Mr.

**[01:48:14.660] DOF Secretary Frederick D. Go** (asr-001586)  
Chair.

**[01:48:15.200] Senator Joseph Victor "JV" G. Ejercito** (asr-001586-split-2)  
Okay, thank you. I agree

**[01:48:16.680] Senator Joseph Victor "JV" G. Ejercito** (asr-001587)  
with the LOROS. You have so

**[01:48:18.520] Senator Joseph Victor "JV" G. Ejercito** (asr-001588)  
many headwinds now

**[01:48:20.660] Senator Joseph Victor "JV" G. Ejercito** (asr-001589)  
considering the Middle

**[01:48:22.520] Senator Joseph Victor "JV" G. Ejercito** (asr-001590)  
East crisis internationally.

**[01:48:25.100] Senator Joseph Victor "JV" G. Ejercito** (asr-001591)  
Yung headwinds natin. Problema, may

**[01:48:26.460] Senator Joseph Victor "JV" G. Ejercito** (asr-001592)  
local din. Because of the flood control

**[01:48:28.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001593)  
really affected everything, no?

**[01:48:30.300] Senator Joseph Victor "JV" G. Ejercito** (asr-001594)  
Until now. Revenue

**[01:48:32.380] Senator Joseph Victor "JV" G. Ejercito** (asr-001595)  
was severely

**[01:48:34.100] Senator Joseph Victor "JV" G. Ejercito** (asr-001596)  
affected because of our

**[01:48:36.660] Senator Joseph Victor "JV" G. Ejercito** (asr-001597)  
low spending the past

**[01:48:38.520] Senator Joseph Victor "JV" G. Ejercito** (asr-001598)  
year. And I think we're still reeling from it

**[01:48:40.500] Senator Joseph Victor "JV" G. Ejercito** (asr-001599)  
until now.

**[01:48:42.220] Senator Joseph Victor "JV" G. Ejercito** (asr-001600)  
May linyo pang darating. So

**[01:48:44.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001601)  
many factors. So triple

**[01:48:46.320] Senator Joseph Victor "JV" G. Ejercito** (asr-001602)  
whammy na tayo. Kalao, dobo lang.

**[01:48:48.900] Senator Joseph Victor "JV" G. Ejercito** (asr-001603)  
No?

**[01:48:50.280] Senator Joseph Victor "JV" G. Ejercito** (asr-001604)  
Hopefully, we can really recover.

**[01:48:54.140] Senator Joseph Victor "JV" G. Ejercito** (asr-001605)  
It was mentioned

**[01:48:56.460] Senator Joseph Victor "JV" G. Ejercito** (asr-001606)  
by Yossi Carlo, you know, by

**[01:48:58.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001607)  
2030, our

**[01:49:00.400] Senator Joseph Victor "JV" G. Ejercito** (asr-001608)  
target

**[01:49:01.100] Senator Joseph Victor "JV" G. Ejercito** (asr-001609)  
dapat mag-fall from 5.1%

**[01:49:05.140] Senator Joseph Victor "JV" G. Ejercito** (asr-001610)  
yung GDP

**[01:49:05.860] Senator Joseph Victor "JV" G. Ejercito** (asr-001611)  
in 2020 to 3.5%

**[01:49:08.700] Senator Joseph Victor "JV" G. Ejercito** (asr-001612)  
in 2030. Correct?

**[01:49:10.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001613)  
Ito ba yung target natin?

**[01:49:11.610] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001613-split-2)  
Yes, Mr. Chair.

**[01:49:12.540] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001614)  
In terms of fiscal deficit,

**[01:49:14.460] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001615)  
from 5.1% in

**[01:49:16.500] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001616)  
2027, the target is to go

**[01:49:18.460] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001617)  
down to 3.5% by 2030.

**[01:49:21.700] DOF Undersecretary Karlo Fermin S. Adriano** (asr-001618)  
But the problem

**[01:49:22.380] Senator Joseph Victor "JV" G. Ejercito** (asr-001619)  
is revenue

**[01:49:24.300] Senator Joseph Victor "JV" G. Ejercito** (asr-001620)  
effort remains

**[01:49:25.380] Senator Joseph Victor "JV" G. Ejercito** (asr-001621)  
nearly flat while

**[01:49:27.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001622)  
disbursements fall

**[01:49:28.900] Senator Joseph Victor "JV" G. Ejercito** (asr-001623)  
from 20.8% to

**[01:49:30.920] Senator Joseph Victor "JV" G. Ejercito** (asr-001624)  
19.1% of GDP.

**[01:49:33.800] Senator Joseph Victor "JV" G. Ejercito** (asr-001625)  
Question is, is fiscal

**[01:49:35.420] Senator Joseph Victor "JV" G. Ejercito** (asr-001626)  
consolidation therefore primarily

**[01:49:37.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001627)  
an expenditure

**[01:49:38.060] Senator Joseph Victor "JV" G. Ejercito** (asr-001628)  
compression strategy which services

**[01:49:41.160] Senator Joseph Victor "JV" G. Ejercito** (asr-001629)  
investments bear the adjustment?

**[01:49:43.820] DOF Secretary Frederick D. Go** (asr-001630)  
Mr. Chair, I'll answer you

**[01:49:45.160] DOF Secretary Frederick D. Go** (asr-001631)  
two ways, if I may. The first

**[01:49:47.400] DOF Secretary Frederick D. Go** (asr-001632)  
one is our revenues have been growing by

**[01:49:49.180] DOF Secretary Frederick D. Go** (asr-001633)  
double digit annually.

**[01:49:51.340] DOF Secretary Frederick D. Go** (asr-001634)  
As mentioned earlier, I think

**[01:49:53.320] DOF Secretary Frederick D. Go** (asr-001635)  
our revenues have been growing by 10.5%

**[01:49:55.380] DOF Secretary Frederick D. Go** (asr-001636)  
annually. So, revenues

**[01:49:57.100] DOF Secretary Frederick D. Go** (asr-001637)  
are growing and are expected to

**[01:49:59.200] DOF Secretary Frederick D. Go** (asr-001638)  
continue to grow. But

**[01:50:01.040] DOF Secretary Frederick D. Go** (asr-001639)  
to answer your question

**[01:50:03.060] DOF Secretary Frederick D. Go** (asr-001640)  
directly, yes, it is about expenditure

**[01:50:05.420] DOF Secretary Frederick D. Go** (asr-001641)  
compression. The whole

**[01:50:07.240] DOF Secretary Frederick D. Go** (asr-001642)  
theory was COVID

**[01:50:09.240] DOF Secretary Frederick D. Go** (asr-001643)  
brought about

**[01:50:10.680] DOF Secretary Frederick D. Go** (asr-001644)  
a scenario where the government

**[01:50:13.080] DOF Secretary Frederick D. Go** (asr-001645)  
had to

**[01:50:14.640] DOF Secretary Frederick D. Go** (asr-001646)  
spend

**[01:50:17.260] DOF Secretary Frederick D. Go** (asr-001647)  
for the economy

**[01:50:19.200] DOF Secretary Frederick D. Go** (asr-001648)  
to recover. But I think we're

**[01:50:21.180] DOF Secretary Frederick D. Go** (asr-001649)  
already past COVID.

**[01:50:23.580] DOF Secretary Frederick D. Go** (asr-001650)  
And also, the

**[01:50:24.820] DOF Secretary Frederick D. Go** (asr-001651)  
equation of

**[01:50:26.020] DOF Secretary Frederick D. Go** (asr-001652)  
build, build, build, for example,

**[01:50:29.640] DOF Secretary Frederick D. Go** (asr-001653)  
came from a scenario where the

**[01:50:31.160] DOF Secretary Frederick D. Go** (asr-001654)  
government's debt to GDP

**[01:50:33.320] DOF Secretary Frederick D. Go** (asr-001655)  
when they started

**[01:50:34.840] DOF Secretary Frederick D. Go** (asr-001656)  
was 39%.

**[01:50:38.100] DOF Secretary Frederick D. Go** (asr-001657)  
The government

**[01:50:39.280] DOF Secretary Frederick D. Go** (asr-001658)  
debt to GDP was 39%.

**[01:50:41.260] DOF Secretary Frederick D. Go** (asr-001659)  
So, it had a very low base.

**[01:50:43.540] DOF Secretary Frederick D. Go** (asr-001660)  
So, the government had a lot of

**[01:50:45.320] DOF Secretary Frederick D. Go** (asr-001661)  
fiscal space to

**[01:50:47.080] DOF Secretary Frederick D. Go** (asr-001662)  
expand its expenditure.

**[01:50:49.280] DOF Secretary Frederick D. Go** (asr-001663)  
At this point,

**[01:50:50.880] DOF Secretary Frederick D. Go** (asr-001664)  
with

**[01:50:51.120] DOF Secretary Frederick D. Go** (asr-001665)  
our debt to GDP,

**[01:50:54.820] DOF Secretary Frederick D. Go** (asr-001666)  
and interest payments, as you correctly

**[01:50:56.780] DOF Secretary Frederick D. Go** (asr-001667)  
pointed, now hitting 1.1 trillion

**[01:50:58.880] DOF Secretary Frederick D. Go** (asr-001668)  
a year,

**[01:51:00.520] DOF Secretary Frederick D. Go** (asr-001669)  
we need to

**[01:51:02.400] DOF Secretary Frederick D. Go** (asr-001670)  
exercise, I think,

**[01:51:04.680] DOF Secretary Frederick D. Go** (asr-001671)  
more discipline in the

**[01:51:06.440] DOF Secretary Frederick D. Go** (asr-001672)  
expenditure going

**[01:51:08.660] DOF Secretary Frederick D. Go** (asr-001673)  
forward.

**[01:51:10.920] Senator Joseph Victor "JV" G. Ejercito** (asr-001674)  
So, what are the

**[01:51:12.620] Senator Joseph Victor "JV" G. Ejercito** (asr-001675)  
DOF's explicit fiscal

**[01:51:14.240] Senator Joseph Victor "JV" G. Ejercito** (asr-001676)  
correction triggers?

**[01:51:17.140] Senator Joseph Victor "JV" G. Ejercito** (asr-001677)  
Revenue, shortfall,

**[01:51:18.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001678)  
deficit, debt service ratio

**[01:51:20.900] Senator Joseph Victor "JV" G. Ejercito** (asr-001679)  
of debt to GDP

**[01:51:23.060] Senator Joseph Victor "JV" G. Ejercito** (asr-001680)  
level with the government-imposed

**[01:51:24.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001681)  
spending restraint,

**[01:51:26.520] Senator Joseph Victor "JV" G. Ejercito** (asr-001682)  
proposed new revenue measures, or

**[01:51:28.300] Senator Joseph Victor "JV" G. Ejercito** (asr-001683)  
revised the fiscal program?

**[01:51:31.540] Senator Joseph Victor "JV" G. Ejercito** (asr-001684)  
Any correction

**[01:51:32.320] Senator Joseph Victor "JV" G. Ejercito** (asr-001685)  
triggers?

**[01:51:35.040] DOF Secretary Frederick D. Go** (asr-001686)  
Mr. Chair, I think what happens

**[01:51:44.580] DOF Secretary Frederick D. Go** (asr-001687)  
is that the DBCC

**[01:51:46.020] DOF Secretary Frederick D. Go** (asr-001688)  
meets every

**[01:51:48.480] DOF Secretary Frederick D. Go** (asr-001689)  
six months. And when we

**[01:51:50.440] DOF Secretary Frederick D. Go** (asr-001690)  
meet, the

**[01:51:52.680] DOF Secretary Frederick D. Go** (asr-001691)  
DepDev will give us

**[01:51:54.380] DOF Secretary Frederick D. Go** (asr-001692)  
GDP growth projections.

**[01:51:57.260] DOF Secretary Frederick D. Go** (asr-001693)  
The central bank will give us

**[01:51:58.980] DOF Secretary Frederick D. Go** (asr-001694)  
the inflation projections

**[01:52:01.280] DOF Secretary Frederick D. Go** (asr-001695)  
and the foreign exchange projections.

**[01:52:03.960] DOF Secretary Frederick D. Go** (asr-001696)  
And on that basis,

**[01:52:06.080] DOF Secretary Frederick D. Go** (asr-001697)  
the DOF will compute

**[01:52:07.320] DOF Secretary Frederick D. Go** (asr-001698)  
the revenue projections

**[01:52:08.940] DOF Secretary Frederick D. Go** (asr-001699)  
based on the numbers that they

**[01:52:11.120] DOF Secretary Frederick D. Go** (asr-001700)  
provide us.

**[01:52:13.400] DOF Secretary Frederick D. Go** (asr-001701)  
So, I think that the

**[01:52:15.120] DOF Secretary Frederick D. Go** (asr-001702)  
adjustments,

**[01:52:18.000] DOF Secretary Frederick D. Go** (asr-001703)  
if any,

**[01:52:19.240] DOF Secretary Frederick D. Go** (asr-001704)  
if at all, that need to be made,

**[01:52:21.280] DOF Secretary Frederick D. Go** (asr-001705)  
happen at these DBCC meetings.

**[01:52:23.460] DOF Secretary Frederick D. Go** (asr-001706)  
Sorry, we meet every quarter, right?

**[01:52:25.560] DOF Secretary Frederick D. Go** (asr-001707)  
Sorry, we meet every quarter.

**[01:52:27.700] DOF Secretary Frederick D. Go** (asr-001708)  
So, every time the DBCC meets,

**[01:52:29.440] DOF Secretary Frederick D. Go** (asr-001709)  
if the revenue projections, the growth

**[01:52:31.460] DOF Secretary Frederick D. Go** (asr-001710)  
projections, the inflation projections,

**[01:52:33.780] DOF Secretary Frederick D. Go** (asr-001711)  
or oil price projections

**[01:52:35.600] DOF Secretary Frederick D. Go** (asr-001712)  
change,

**[01:52:36.620] DOF Secretary Frederick D. Go** (asr-001713)  
then we adjust accordingly.

**[01:52:42.400] Senator Joseph Victor "JV" G. Ejercito** (asr-001714)  
Before I,

**[01:52:43.440] Senator Joseph Victor "JV" G. Ejercito** (asr-001715)  
I would like to go to

**[01:52:45.540] Senator Joseph Victor "JV" G. Ejercito** (asr-001716)  
the infrastructure spending

**[01:52:47.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001717)  
later because I have

**[01:52:48.720] Senator Joseph Victor "JV" G. Ejercito** (asr-001718)  
filed Senate Bill No. 2, which

**[01:52:51.520] Senator Joseph Victor "JV" G. Ejercito** (asr-001719)  
is the Master Plan for Infrastructure National.

**[01:52:53.300] Senator Joseph Victor "JV" G. Ejercito** (asr-001720)  
Development because, as you know,

**[01:52:55.620] Senator Joseph Victor "JV" G. Ejercito** (asr-001721)  
one of our weak points is

**[01:52:57.040] Senator Joseph Victor "JV" G. Ejercito** (asr-001722)  
infrastructure development.

**[01:52:59.240] Senator Joseph Victor "JV" G. Ejercito** (asr-001723)  
Through the years, more than

**[01:53:01.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001724)  
siguro, I think, we've been spending

**[01:53:03.220] Senator Joseph Victor "JV" G. Ejercito** (asr-001725)  
about 2% only of our GDP

**[01:53:05.460] Senator Joseph Victor "JV" G. Ejercito** (asr-001726)  
through the decades.

**[01:53:07.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001727)  
Now, it's 5%, but

**[01:53:08.980] Senator Joseph Victor "JV" G. Ejercito** (asr-001728)  
through many years, many

**[01:53:11.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001729)  
decades, nasa 2%

**[01:53:13.340] Senator Joseph Victor "JV" G. Ejercito** (asr-001730)  
na tayo, while the others are spending about

**[01:53:15.040] Senator Joseph Victor "JV" G. Ejercito** (asr-001731)  
5%. Last year, at least

**[01:53:17.300] Senator Joseph Victor "JV" G. Ejercito** (asr-001732)  
we are now 5%.

**[01:53:18.860] Senator Joseph Victor "JV" G. Ejercito** (asr-001733)  
So, because of that, we

**[01:53:21.440] Senator Joseph Victor "JV" G. Ejercito** (asr-001734)  
fell behind.

**[01:53:23.300] Senator Joseph Victor "JV" G. Ejercito** (asr-001735)  
Our Southeast Asian

**[01:53:25.160] Senator Joseph Victor "JV" G. Ejercito** (asr-001736)  
neighbors in infrastructure development

**[01:53:26.940] Senator Joseph Victor "JV" G. Ejercito** (asr-001737)  
and probably one of the reasons why

**[01:53:29.020] Senator Joseph Victor "JV" G. Ejercito** (asr-001738)  
foreign investors are looking at the

**[01:53:31.080] Senator Joseph Victor "JV" G. Ejercito** (asr-001739)  
other way because of our weak

**[01:53:32.740] Senator Joseph Victor "JV" G. Ejercito** (asr-001740)  
high cost of

**[01:53:34.640] Senator Joseph Victor "JV" G. Ejercito** (asr-001741)  
energy and unstable.

**[01:53:37.780] Senator Joseph Victor "JV" G. Ejercito** (asr-001742)  
And,

**[01:53:37.980] Senator Joseph Victor "JV" G. Ejercito** (asr-001743)  
nakakalungkot, no? I sent our geekers here

**[01:53:41.040] Senator Joseph Victor "JV" G. Ejercito** (asr-001744)  
because we have been

**[01:53:42.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001745)  
pushing for local

**[01:53:44.440] Senator Joseph Victor "JV" G. Ejercito** (asr-001746)  
strengthening

**[01:53:45.700] Senator Joseph Victor "JV" G. Ejercito** (asr-001747)  
local agriculture industry,

**[01:53:49.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001748)  
pero para naging import dependent na tayo,

**[01:53:52.020] Senator Joseph Victor "JV" G. Ejercito** (asr-001749)  
also,

**[01:53:53.300] Senator Joseph Victor "JV" G. Ejercito** (asr-001750)  
we forgot to

**[01:53:54.280] Senator Joseph Victor "JV" G. Ejercito** (asr-001751)  
is it because we forgot also to

**[01:53:57.340] Senator Joseph Victor "JV" G. Ejercito** (asr-001752)  
to invest

**[01:53:59.640] Senator Joseph Victor "JV" G. Ejercito** (asr-001753)  
in industries. Dati may mga industries

**[01:54:01.540] Senator Joseph Victor "JV" G. Ejercito** (asr-001754)  
na tayo na, we are import

**[01:54:02.920] Senator Joseph Victor "JV" G. Ejercito** (asr-001755)  
dependent. So,

**[01:54:05.520] Senator Joseph Victor "JV" G. Ejercito** (asr-001756)  
dalawang problema natin, weak infra and also

**[01:54:07.880] Senator Joseph Victor "JV" G. Ejercito** (asr-001757)  
yun nga, yung

**[01:54:08.860] Senator Joseph Victor "JV" G. Ejercito** (asr-001758)  
industries,

**[01:54:12.740] Senator Joseph Victor "JV" G. Ejercito** (asr-001759)  
we failed to develop.

**[01:54:15.500] Senator Joseph Victor "JV" G. Ejercito** (asr-001760)  
So, yung ano ko lang,

**[01:54:16.960] Senator Joseph Victor "JV" G. Ejercito** (asr-001761)  
did we

**[01:54:18.160] Senator Joseph Victor "JV" G. Ejercito** (asr-001762)  
concentrate so much or we were concerned

**[01:54:21.240] Senator Joseph Victor "JV" G. Ejercito** (asr-001763)  
so much with debt servicing that we

**[01:54:23.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001764)  
forgot to invest in infrastructure

**[01:54:25.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001765)  
and also

**[01:54:26.680] Senator Joseph Victor "JV" G. Ejercito** (asr-001766)  
industries as a whole, no?

**[01:54:29.080] Senator Joseph Victor "JV" G. Ejercito** (asr-001767)  
To develop. Kasi, while others,

**[01:54:31.280] Senator Joseph Victor "JV" G. Ejercito** (asr-001768)  
our Asian neighbors, although they

**[01:54:33.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001769)  
have debts also, but they still

**[01:54:35.340] Senator Joseph Victor "JV" G. Ejercito** (asr-001770)  
invested heavily in

**[01:54:37.260] Senator Joseph Victor "JV" G. Ejercito** (asr-001771)  
infrastructure development and industries.

**[01:54:39.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001772)  
That's why they're reaping

**[01:54:41.160] Senator Joseph Victor "JV" G. Ejercito** (asr-001773)  
their benefits right now.

**[01:54:43.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001774)  
Just general

**[01:54:45.160] Senator Joseph Victor "JV" G. Ejercito** (asr-001775)  
because I'm pushing for the master plan for

**[01:54:47.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001776)  
infrastructure national development.

**[01:54:49.980] DOF Secretary Frederick D. Go** (asr-001777)  
Mr. Chair, if I

**[01:54:51.300] DOF Secretary Frederick D. Go** (asr-001778)  
may express, I guess at this point,

**[01:54:53.260] DOF Secretary Frederick D. Go** (asr-001779)  
personal opinion, I definitely

**[01:54:55.340] DOF Secretary Frederick D. Go** (asr-001780)  
support the

**[01:54:57.020] DOF Secretary Frederick D. Go** (asr-001781)  
master plan in infrastructure

**[01:54:59.040] DOF Secretary Frederick D. Go** (asr-001782)  
so that all the

**[01:55:01.520] DOF Secretary Frederick D. Go** (asr-001783)  
efforts of infrastructure

**[01:55:03.400] DOF Secretary Frederick D. Go** (asr-001784)  
development will be

**[01:55:05.800] DOF Secretary Frederick D. Go** (asr-001785)  
aligned

**[01:55:07.300] DOF Secretary Frederick D. Go** (asr-001786)  
and streamlined

**[01:55:08.980] DOF Secretary Frederick D. Go** (asr-001787)  
towards one master plan rather

**[01:55:11.520] DOF Secretary Frederick D. Go** (asr-001788)  
than

**[01:55:12.020] DOF Secretary Frederick D. Go** (asr-001789)  
yes, in your words correctly,

**[01:55:18.320] DOF Secretary Frederick D. Go** (asr-001790)  
Mr. Senator. So,

**[01:55:20.040] DOF Secretary Frederick D. Go** (asr-001791)  
yeah, I believe so because

**[01:55:21.480] DOF Secretary Frederick D. Go** (asr-001792)  
right now, there's probably too much

**[01:55:23.240] DOF Secretary Frederick D. Go** (asr-001793)  
flexibility or discretion

**[01:55:25.320] DOF Secretary Frederick D. Go** (asr-001794)  
in

**[01:55:26.820] DOF Secretary Frederick D. Go** (asr-001795)  
the various programs. But if there's

**[01:55:29.460] DOF Secretary Frederick D. Go** (asr-001796)  
a master plan that has to be followed,

**[01:55:31.720] DOF Secretary Frederick D. Go** (asr-001797)  
there's a north star to be followed,

**[01:55:33.540] DOF Secretary Frederick D. Go** (asr-001798)  
then all the infrastructure programs can be

**[01:55:35.420] DOF Secretary Frederick D. Go** (asr-001799)  
aligned with that.

**[01:55:37.060] Senator Joseph Victor "JV" G. Ejercito** (asr-001800)  
Maybe it's also because of our political

**[01:55:39.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001801)  
system, yung six years and three

**[01:55:41.600] Senator Joseph Victor "JV" G. Ejercito** (asr-001802)  
years. Most presidents are

**[01:55:43.640] Senator Joseph Victor "JV" G. Ejercito** (asr-001803)  
looking at the legacy that they will leave

**[01:55:45.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001804)  
in their

**[01:55:47.480] Senator Joseph Victor "JV" G. Ejercito** (asr-001805)  
presidencies. Kaya six years lang at

**[01:55:49.400] Senator Joseph Victor "JV" G. Ejercito** (asr-001806)  
three years. Bihira yung

**[01:55:50.780] Senator Joseph Victor "JV" G. Ejercito** (asr-001807)  
nag-iisip ng long term. And when,

**[01:55:53.240] Senator Joseph Victor "JV" G. Ejercito** (asr-001808)  
when you talk about big ticket items,

**[01:55:54.780] Senator Joseph Victor "JV" G. Ejercito** (asr-001809)  
from planning to study,

**[01:55:57.080] Senator Joseph Victor "JV" G. Ejercito** (asr-001810)  
study to planning to execution,

**[01:55:58.940] Senator Joseph Victor "JV" G. Ejercito** (asr-001811)  
implementation, construction itself,

**[01:56:01.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001812)  
that takes about

**[01:56:02.860] Senator Joseph Victor "JV" G. Ejercito** (asr-001813)  
30, 40, 50 years.

**[01:56:04.880] Senator Joseph Victor "JV" G. Ejercito** (asr-001814)  
And yan, dapat ganun ng planning.

**[01:56:07.060] Senator Joseph Victor "JV" G. Ejercito** (asr-001815)  
That's why I'm pushing for this.

**[01:56:08.900] Senator Joseph Victor "JV" G. Ejercito** (asr-001816)  
It's now Senate Bill No. 2 and it's

**[01:56:10.700] Senator Joseph Victor "JV" G. Ejercito** (asr-001817)  
being prioritized as a

**[01:56:12.600] Senator Joseph Victor "JV" G. Ejercito** (asr-001818)  
led-up priority measure.

**[01:56:14.740] Senator Joseph Victor "JV" G. Ejercito** (asr-001819)  
I'm hoping, Sek, that this will become

**[01:56:16.780] Senator Joseph Victor "JV" G. Ejercito** (asr-001820)  
the blueprint of our, that will be our

**[01:56:18.520] Senator Joseph Victor "JV" G. Ejercito** (asr-001821)  
direction in the future. So,

**[01:56:20.440] Senator Joseph Victor "JV" G. Ejercito** (asr-001822)  
thank you for

**[01:56:21.540] Senator Joseph Victor "JV" G. Ejercito** (asr-001823)  
in advance for your support. So, yun

**[01:56:24.500] Senator Joseph Victor "JV" G. Ejercito** (asr-001824)  
ang natin, no?

**[01:56:26.180] Senator Joseph Victor "JV" G. Ejercito** (asr-001825)  
Parang we have been, we have under-invested

**[01:56:28.880] Senator Joseph Victor "JV" G. Ejercito** (asr-001826)  
in infrastructure and

**[01:56:30.400] Senator Joseph Victor "JV" G. Ejercito** (asr-001827)  
industries needed to

**[01:56:31.900] Senator Joseph Victor "JV" G. Ejercito** (asr-001828)  
grow the economy, hopefully with this

**[01:56:34.660] Senator Joseph Victor "JV" G. Ejercito** (asr-001829)  
infrastructure. Kasama rin nito,

**[01:56:36.860] Senator Joseph Victor "JV" G. Ejercito** (asr-001830)  
it's not just infrastructure, transport,

**[01:56:39.560] Senator Joseph Victor "JV" G. Ejercito** (asr-001831)  
energy, even

**[01:56:40.480] Senator Joseph Victor "JV" G. Ejercito** (asr-001832)  
industries, no?

**[01:56:42.380] Senator Joseph Victor "JV" G. Ejercito** (asr-001833)  
Will be part of this. So,

**[01:56:45.200] Senator Joseph Victor "JV" G. Ejercito** (asr-001834)  
what are the policies to

**[01:56:46.520] Senator Joseph Victor "JV" G. Ejercito** (asr-001835)  
maintain fiscal discipline without sacrificing

**[01:56:48.580] Senator Joseph Victor "JV" G. Ejercito** (asr-001836)  
infrastructure and

**[01:56:50.660] Senator Joseph Victor "JV" G. Ejercito** (asr-001837)  
other investments?

**[01:56:51.540] Senator Joseph Victor "JV" G. Ejercito** (asr-001838)  
Will we have, will we

**[01:56:53.800] Senator Joseph Victor "JV" G. Ejercito** (asr-001839)  
enforce policies to maintain

**[01:56:56.060] Senator Joseph Victor "JV" G. Ejercito** (asr-001840)  
fiscal discipline without sacrificing

**[01:56:57.960] Senator Joseph Victor "JV" G. Ejercito** (asr-001841)  
infrastructure and other investments?

**[01:57:12.940] Senator Joseph Victor "JV" G. Ejercito** (asr-001842)  
You can couch your answer in

**[01:57:15.600] Senator Joseph Victor "JV" G. Ejercito** (asr-001843)  
diplomatic

**[01:57:17.280] Senator Joseph Victor "JV" G. Ejercito** (asr-001844)  
language.

**[01:57:21.540] DOF Secretary Frederick D. Go** (asr-001845)  
I think the if you look at the national expenditure program of 7.2 trillion pesos, only 1.1 trillion is for interest expense. And interest expense is not something that we can adjust. It is a commitment of the country to its domestic creditors and international creditors. The moment we do not

**[01:57:45.660] DOF Secretary Frederick D. Go** (asr-001846)  
pay

**[01:57:47.860] DOF Secretary Frederick D. Go** (asr-001847)  
what we are contractually obligated to pay,

**[01:57:51.540] DOF Secretary Frederick D. Go** (asr-001848)  
we'll destroy

**[01:57:53.160] DOF Secretary Frederick D. Go** (asr-001849)  
our reputation

**[01:57:55.540] DOF Secretary Frederick D. Go** (asr-001850)  
and credibility beyond

**[01:57:57.480] DOF Secretary Frederick D. Go** (asr-001851)  
repair for

**[01:57:59.660] DOF Secretary Frederick D. Go** (asr-001852)  
maybe the next few generations.

**[01:58:02.580] DOF Secretary Frederick D. Go** (asr-001853)  
So, interest payments

**[01:58:03.480] DOF Secretary Frederick D. Go** (asr-001854)  
is not something that we

**[01:58:05.280] DOF Secretary Frederick D. Go** (asr-001855)  
have liberty to

**[01:58:07.580] DOF Secretary Frederick D. Go** (asr-001856)  
adjust or to postpone.

**[01:58:11.300] DOF Secretary Frederick D. Go** (asr-001857)  
So, if you look at the rest of the budget,

**[01:58:14.580] DOF Secretary Frederick D. Go** (asr-001858)  
I will take your advice to couch it as

**[01:58:17.540] DOF Secretary Frederick D. Go** (asr-001859)  
diplomatically as possible.

**[01:58:19.080] DOF Secretary Frederick D. Go** (asr-001860)  
If you look at the rest of the

**[01:58:21.340] DOF Secretary Frederick D. Go** (asr-001861)  
budget of 6.1 trillion

**[01:58:23.380] DOF Secretary Frederick D. Go** (asr-001862)  
pesos,

**[01:58:26.860] DOF Secretary Frederick D. Go** (asr-001863)  
I think the

**[01:58:29.020] DOF Secretary Frederick D. Go** (asr-001864)  
flexibility of

**[01:58:31.380] DOF Secretary Frederick D. Go** (asr-001865)  
the national government is getting

**[01:58:33.400] DOF Secretary Frederick D. Go** (asr-001866)  
tighter and

**[01:58:35.220] DOF Secretary Frederick D. Go** (asr-001867)  
tighter.

**[01:58:36.340] DOF Secretary Frederick D. Go** (asr-001868)  
We almost have very

**[01:58:39.000] DOF Secretary Frederick D. Go** (asr-001869)  
little room to actually

**[01:58:40.980] DOF Secretary Frederick D. Go** (asr-001870)  
maneuver

**[01:58:42.600] DOF Secretary Frederick D. Go** (asr-001871)  
within the

**[01:58:45.120] DOF Secretary Frederick D. Go** (asr-001872)  
budget.

**[01:58:46.460] DOF Secretary Frederick D. Go** (asr-001873)  
A lot of

**[01:58:48.340] DOF Secretary Frederick D. Go** (asr-001874)  
budget line items are

**[01:58:50.880] DOF Secretary Frederick D. Go** (asr-001875)  
actually

**[01:58:51.380] DOF Secretary Frederick D. Go** (asr-001876)  
dictated by legislation

**[01:58:54.160] DOF Secretary Frederick D. Go** (asr-001877)  
or earmarked

**[01:58:56.520] DOF Secretary Frederick D. Go** (asr-001878)  
or are

**[01:58:58.080] DOF Secretary Frederick D. Go** (asr-001879)  
obligated by

**[01:59:01.920] DOF Secretary Frederick D. Go** (asr-001880)  
law.

**[01:59:04.020] DOF Secretary Frederick D. Go** (asr-001881)  
And it's becoming more and more

**[01:59:06.160] DOF Secretary Frederick D. Go** (asr-001882)  
difficult

**[01:59:06.720] DOF Secretary Frederick D. Go** (asr-001883)  
for, and it will become

**[01:59:10.160] DOF Secretary Frederick D. Go** (asr-001884)  
even more difficult for future

**[01:59:12.200] DOF Secretary Frederick D. Go** (asr-001885)  
administrations

**[01:59:14.060] DOF Secretary Frederick D. Go** (asr-001886)  
to move

**[01:59:16.260] DOF Secretary Frederick D. Go** (asr-001887)  
around the fiscal space.

**[01:59:20.880] Senator Francis Kiko Pangilinan** (asr-001888)  
But of course, it's a combination of interventions as well as foreign direct investments,

**[01:59:29.920] Senator Francis Kiko Pangilinan** (asr-001889)  
better tax

**[01:59:33.000] Senator Francis Kiko Pangilinan** (asr-001890)  
take, etc.

**[01:59:34.840] Senator Francis Kiko Pangilinan** (asr-001891)  
will help create

**[01:59:36.100] Senator Francis Kiko Pangilinan** (asr-001892)  
the environment

**[01:59:38.740] Senator Francis Kiko Pangilinan** (asr-001893)  
that will give you more fiscal space.

**[01:59:43.080] Senator Francis Kiko Pangilinan** (asr-001894)  
For example,

**[01:59:45.540] Senator Francis Kiko Pangilinan** (asr-001895)  
the foreign direct

**[01:59:46.740] Senator Francis Kiko Pangilinan** (asr-001896)  
investments during President Aquino's

**[01:59:49.120] Senator Francis Kiko Pangilinan** (asr-001897)  
time was

**[01:59:49.920] Senator Francis Kiko Pangilinan** (asr-001898)  
larger than

**[01:59:51.840] Senator Francis Kiko Pangilinan** (asr-001899)  
all other

**[01:59:52.820] Senator Francis Kiko Pangilinan** (asr-001900)  
administrations prior to him.

**[01:59:56.560] Senator Francis Kiko Pangilinan** (asr-001901)  
The data

**[01:59:57.700] Senator Francis Kiko Pangilinan** (asr-001902)  
will show that.

**[02:00:00.000] Senator Francis Kiko Pangilinan** (asr-001903)  
Which means therefore that a future administration can do a repeat or maybe outdo that kind of intervention wherein foreign direct investments will come in.

**[02:00:18.120] Senator Francis Kiko Pangilinan** (asr-001904)  
Right now, of course, and there are several factors why foreign direct investments won't come to the Philippines in the same way that they go to Thailand or Vietnam, etc.

**[02:00:30.000] Senator Francis Kiko Pangilinan** (asr-001905)  
So I agree with you, the fiscal space is so tight.

**[02:00:33.820] Senator Francis Kiko Pangilinan** (asr-001906)  
And that's why, you know, how to be able to, how do you call it, tweak, intervene, create the necessary policies so that the environment becomes conducive to investments.

**[02:00:49.640] Senator Francis Kiko Pangilinan** (asr-001907)  
As was mentioned last year, the flood control scandal really dampened investors' confidence.

**[02:01:00.000] Senator Francis Kiko Pangilinan** (asr-001908)  
In the country, and that affected, again, you know, the climate for investments for the country.

**[02:01:12.000] Senator Francis Kiko Pangilinan** (asr-001909)  
And that's why you had to scale down all your projections, your growth targets because of certain events that took place.

**[02:01:22.880] Senator Francis Kiko Pangilinan** (asr-001910)  
So we just go back to the drawing board, figure out why, how to, you know, address those.

**[02:01:30.000] Senator Francis Kiko Pangilinan** (asr-001911)  
The factors that led to the loss of investors' confidence, among others.

**[02:01:37.460] Senator Francis Kiko Pangilinan** (asr-001912)  
And I'd like to think the private sector, once they see the consistency in policy, the consistency, predictability in terms of the climate, they will, they have the big, deepest pockets.

**[02:01:52.820] Senator Francis Kiko Pangilinan** (asr-001913)  
What is the contribution of government to GDP today? 20 percent? 22 percent?

**[02:02:00.000] Senator Francis Kiko Pangilinan** (asr-001914)  
What is it? GDP contribution? 22.

**[02:02:06.880] Senator Francis Kiko Pangilinan** (asr-001915)  
And so, 78 percent of GDP is private sector.

**[02:02:12.920] Senator Francis Kiko Pangilinan** (asr-001916)  
So if you want the 78 percent, you know, to dig deep into their deep pockets, the government must inspire them to do so by being, you know, the confidence.

**[02:02:27.460] Senator Francis Kiko Pangilinan** (asr-001917)  
That's why good governance predictability.

**[02:02:30.000] Senator Francis Kiko Pangilinan** (asr-001918)  
Good governance predictability, anti-corruption, these are all big words, but they will translate into a climate conducive to investments.

**[02:02:40.260] Senator Francis Kiko Pangilinan** (asr-001919)  
And it has to be, and maybe it has to be consistent, not just in a six-year period.

**[02:02:48.680] Senator Francis Kiko Pangilinan** (asr-001920)  
And if you look at our neighbors in the region, they all had at least 20 years of continuity in policy.

**[02:02:56.580] Senator Francis Kiko Pangilinan** (asr-001921)  
I'm not, I'm not endorsing.

**[02:03:00.000] Senator Francis Kiko Pangilinan** (asr-001922)  
Dictatorship or whatever.

**[02:03:02.220] Senator Francis Kiko Pangilinan** (asr-001923)  
I'm just saying, because Indonesia was able to do it through elections.

**[02:03:09.220] Senator Francis Kiko Pangilinan** (asr-001924)  
You know, they had 18 years of Megawati, Susilo, Vidodo, in terms of their policies.

**[02:03:20.820] Senator Francis Kiko Pangilinan** (asr-001925)  
UMNO, I've been around for the last 30 years.

**[02:03:24.860] Senator Francis Kiko Pangilinan** (asr-001926)  
South Korea, the same.

**[02:03:26.960] Senator Francis Kiko Pangilinan** (asr-001927)  
They had 20 years of consistency in policy, predictability.

**[02:03:30.000] Senator Francis Kiko Pangilinan** (asr-001928)  
Thailand, the same, because of the king and continuity.

**[02:03:34.740] Senator Francis Kiko Pangilinan** (asr-001929)  
Vietnam, continuity.

**[02:03:39.260] Senator Francis Kiko Pangilinan** (asr-001930)  
Taiwan, continuity.

**[02:03:41.980] Senator Francis Kiko Pangilinan** (asr-001931)  
Tayo lang yung pagbagong presidente, bagong patakaran, di naman.

**[02:03:48.160] Senator Francis Kiko Pangilinan** (asr-001932)  
So, so forth and so on.

**[02:03:49.640] Senator Francis Kiko Pangilinan** (asr-001933)  
So, that's a challenge.

**[02:03:51.060] Senator Francis Kiko Pangilinan** (asr-001934)  
You know, that's a challenge.

**[02:03:51.980] Senator Francis Kiko Pangilinan** (asr-001935)  
But I think these basic interventions of good governance, confidence building,

**[02:03:58.560] Senator Francis Kiko Pangilinan** (asr-001936)  
will, will bring.

**[02:04:00.000] Senator Francis Kiko Pangilinan** (asr-001937)  
us to a

**[02:04:01.100] Senator Francis Kiko Pangilinan** (asr-001938)  
sweet spot.

**[02:04:03.540] Senator Francis Kiko Pangilinan** (asr-001939)  
We used to be the sweet spot of

**[02:04:05.560] Senator Francis Kiko Pangilinan** (asr-001940)  
Asia for a time.

**[02:04:07.500] Senator Francis Kiko Pangilinan** (asr-001941)  
6% growth consistently

**[02:04:10.300] Senator Francis Kiko Pangilinan** (asr-001942)  
for 6 years.

**[02:04:11.840] Senator Francis Kiko Pangilinan** (asr-001943)  
We even hit 7.2% growth.

**[02:04:14.840] Senator Francis Kiko Pangilinan** (asr-001944)  
You don't have to reinvent

**[02:04:15.960] Senator Francis Kiko Pangilinan** (asr-001945)  
the wheel. Sorry, that's my...

**[02:04:18.720] Senator Francis Kiko Pangilinan** (asr-001946)  
So we look forward

**[02:04:20.020] Senator Francis Kiko Pangilinan** (asr-001947)  
to the next 2 years.

**[02:04:22.220] Senator Francis Kiko Pangilinan** (asr-001948)  
The election cycle is coming up.

**[02:04:24.780] Senator Francis Kiko Pangilinan** (asr-001949)  
Let's prepare for that

**[02:04:25.960] Senator Francis Kiko Pangilinan** (asr-001950)  
and bring good governance

**[02:04:28.400] Senator Francis Kiko Pangilinan** (asr-001951)  
front and center

**[02:04:30.080] Senator Francis Kiko Pangilinan** (asr-001952)  
in our governance

**[02:04:31.000] Senator Francis Kiko Pangilinan** (asr-001953)  
mantra.

**[02:04:34.960] Senator Francis Kiko Pangilinan** (asr-001954)  
And we

**[02:04:35.740] Senator Francis Kiko Pangilinan** (asr-001955)  
will achieve

**[02:04:37.740] Senator Francis Kiko Pangilinan** (asr-001956)  
so much in terms of

**[02:04:40.180] Senator Francis Kiko Pangilinan** (asr-001957)  
addressing the lack

**[02:04:42.100] Senator Francis Kiko Pangilinan** (asr-001958)  
of fiscal space that

**[02:04:44.080] Senator Francis Kiko Pangilinan** (asr-001959)  
we have now.

**[02:04:45.740] DOF Secretary Frederick D. Go** (asr-001960)  
Sir Chair,

**[02:04:48.060] DOF Secretary Frederick D. Go** (asr-001961)  
30-second response.

**[02:04:49.980] DOF Secretary Frederick D. Go** (asr-001962)  
I agree with you, Mr. Senator, which is

**[02:04:52.000] DOF Secretary Frederick D. Go** (asr-001963)  
exactly why I spent the better part

**[02:04:54.000] DOF Secretary Frederick D. Go** (asr-001964)  
of my first 3 years in government

**[02:04:55.640] DOF Secretary Frederick D. Go** (asr-001965)  
trying to attract investments

**[02:04:58.120] DOF Secretary Frederick D. Go** (asr-001966)  
and creating an environment

**[02:04:59.620] DOF Secretary Frederick D. Go** (asr-001967)  
conducive for doing business.

**[02:05:02.160] DOF Secretary Frederick D. Go** (asr-001968)  
So I totally agree with you.

**[02:05:03.920] DOF Secretary Frederick D. Go** (asr-001969)  
I would just like to say that I was

**[02:05:05.760] DOF Secretary Frederick D. Go** (asr-001970)  
responding directly

**[02:05:07.420] DOF Secretary Frederick D. Go** (asr-001971)  
to the Chair's comment of

**[02:05:09.540] DOF Secretary Frederick D. Go** (asr-001972)  
why can't we spend 5%

**[02:05:11.520] DOF Secretary Frederick D. Go** (asr-001973)  
of GDP for infrastructure.

**[02:05:14.220] DOF Secretary Frederick D. Go** (asr-001974)  
I was just explaining the tight

**[02:05:16.360] DOF Secretary Frederick D. Go** (asr-001975)  
space

**[02:05:18.780] DOF Secretary Frederick D. Go** (asr-001976)  
in the expenditure side

**[02:05:20.180] DOF Secretary Frederick D. Go** (asr-001977)  
which limits the

**[02:05:22.220] DOF Secretary Frederick D. Go** (asr-001978)  
percentage of the budget

**[02:05:24.480] DOF Secretary Frederick D. Go** (asr-001979)  
that can be allocated

**[02:05:25.980] DOF Secretary Frederick D. Go** (asr-001980)  
to infrastructure.

**[02:05:28.120] Senator Francis Kiko Pangilinan** (asr-001981)  
In fact, if I may just

**[02:05:29.520] Senator Francis Kiko Pangilinan** (asr-001982)  
I remember in my first term

**[02:05:31.700] Senator Francis Kiko Pangilinan** (asr-001983)  
the budget of the Department

**[02:05:33.800] Senator Francis Kiko Pangilinan** (asr-001984)  
of Public Works was about

**[02:05:35.560] Senator Francis Kiko Pangilinan** (asr-001985)  
160 billion.

**[02:05:40.240] Senator Francis Kiko Pangilinan** (asr-001986)  
And that's why

**[02:05:42.060] Senator Francis Kiko Pangilinan** (asr-001987)  
we had to have EVAT and all that

**[02:05:44.040] Senator Francis Kiko Pangilinan** (asr-001988)  
because we didn't have

**[02:05:46.200] Senator Francis Kiko Pangilinan** (asr-001989)  
the space

**[02:05:49.560] Senator Francis Kiko Pangilinan** (asr-001990)  
to spend on infrastructure.

**[02:05:51.680] Senator Francis Kiko Pangilinan** (asr-001991)  
Today, ano na ba ang budget ng

**[02:05:53.720] Senator Francis Kiko Pangilinan** (asr-001992)  
Public Works today? It's about over

**[02:05:55.880] Senator Francis Kiko Pangilinan** (asr-001993)  
a trillion or

**[02:05:57.840] Senator Francis Kiko Pangilinan** (asr-001994)  
hitting a trillion. So that's

**[02:05:59.380] Senator Francis Kiko Pangilinan** (asr-001995)  
7 to 10 times

**[02:06:02.000] Senator Francis Kiko Pangilinan** (asr-001996)  
more than it was

**[02:06:03.040] Senator Francis Kiko Pangilinan** (asr-001997)  
20 years ago.

**[02:06:06.440] Senator Francis Kiko Pangilinan** (asr-001998)  
So, you know,

**[02:06:08.060] Senator Francis Kiko Pangilinan** (asr-001999)  
we should be able to do

**[02:06:09.280] Senator Francis Kiko Pangilinan** (asr-002000)  
for me, of course, my bias is agriculture.

**[02:06:12.460] Senator Francis Kiko Pangilinan** (asr-002001)  
If we were able to bring

**[02:06:14.120] Senator Francis Kiko Pangilinan** (asr-002002)  
7-fold increase

**[02:06:15.920] Senator Francis Kiko Pangilinan** (asr-002003)  
in the infrastructure budget

**[02:06:17.460] Senator Francis Kiko Pangilinan** (asr-002004)  
in 20 years,

**[02:06:20.200] Senator Francis Kiko Pangilinan** (asr-002005)  
we should be able to do the same.

**[02:06:21.720] Senator Francis Kiko Pangilinan** (asr-002006)  
7-fold increase in the agribudget

**[02:06:23.680] Senator Francis Kiko Pangilinan** (asr-002007)  
in the next 10-15 years.

**[02:06:27.100] Senator Francis Kiko Pangilinan** (asr-002008)  
But you're right.

**[02:06:27.840] Senator Francis Kiko Pangilinan** (asr-002009)  
You know, that will require

**[02:06:29.600] Senator Francis Kiko Pangilinan** (asr-002010)  
confidence

**[02:06:31.700] Senator Francis Kiko Pangilinan** (asr-002011)  
in the

**[02:06:34.000] Senator Francis Kiko Pangilinan** (asr-002012)  
economy and

**[02:06:35.360] Senator Francis Kiko Pangilinan** (asr-002013)  
investor confidence

**[02:06:36.960] Senator Francis Kiko Pangilinan** (asr-002014)  
and creating more jobs.

**[02:06:43.120] Senator Joseph Victor "JV" G. Ejercito** (asr-002015)  
Yes.

**[02:06:44.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002016)  
Anyway,

**[02:06:45.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002017)  
that's the reason why I'm really pushing for

**[02:06:47.720] Senator Joseph Victor "JV" G. Ejercito** (asr-002018)  
the Master Plan

**[02:06:50.220] Senator Joseph Victor "JV" G. Ejercito** (asr-002019)  
for Infrastructure and National Development.

**[02:06:51.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002020)  
Aside from the

**[02:06:53.120] Senator Joseph Victor "JV" G. Ejercito** (asr-002021)  
things that the Center

**[02:06:55.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002022)  
Pangilin measured or what

**[02:06:57.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002023)  
should be

**[02:06:57.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002024)  
done, is that

**[02:06:59.420] Senator Joseph Victor "JV" G. Ejercito** (asr-002025)  
we have to aim for

**[02:07:02.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002026)  
we have to aim for

**[02:07:04.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002027)  
job generation.

**[02:07:05.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002028)  
We have to stimulate economic growth

**[02:07:07.820] Senator Joseph Victor "JV" G. Ejercito** (asr-002029)  
through

**[02:07:08.340] Senator Joseph Victor "JV" G. Ejercito** (asr-002030)  
infrastructure spending

**[02:07:11.480] Senator Joseph Victor "JV" G. Ejercito** (asr-002031)  
and massive

**[02:07:14.060] Senator Joseph Victor "JV" G. Ejercito** (asr-002032)  
infrastructure.

**[02:07:15.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002033)  
The idea is really to spread out the development

**[02:07:17.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002034)  
especially to the countrysides

**[02:07:19.480] Senator Joseph Victor "JV" G. Ejercito** (asr-002035)  
and stimulate

**[02:07:22.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002036)  
economic growth.

**[02:07:23.660] Senator Joseph Victor "JV" G. Ejercito** (asr-002037)  
In a nutshell,

**[02:07:24.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002038)  
we create growth nodes,

**[02:07:27.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002039)  
growth areas in different parts of the country,

**[02:07:30.360] Senator Joseph Victor "JV" G. Ejercito** (asr-002040)  
especially with Mindanao Railway System.

**[02:07:32.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002041)  
I will go,

**[02:07:33.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002042)  
I ask that with DepDev,

**[02:07:34.680] Senator Joseph Victor "JV" G. Ejercito** (asr-002043)  
I'm hoping that it will still be pursued because

**[02:07:37.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002044)  
Mindanao is the most,

**[02:07:38.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002045)  
is the most,

**[02:07:41.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002046)  
is the richest among the islands

**[02:07:42.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002047)  
and the potential has not been reached.

**[02:07:45.580] Senator Joseph Victor "JV" G. Ejercito** (asr-002048)  
Hindi natin na abot yung potential

**[02:07:47.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002049)  
ng Mindanao because of the decades of strife.

**[02:07:50.360] Senator Joseph Victor "JV" G. Ejercito** (asr-002050)  
Now that we have

**[02:07:51.580] Senator Joseph Victor "JV" G. Ejercito** (asr-002051)  
the bangsa more organic law now,

**[02:07:53.660] Senator Joseph Victor "JV" G. Ejercito** (asr-002052)  
we have a chance for peace,

**[02:07:54.760] Senator Joseph Victor "JV" G. Ejercito** (asr-002053)  
but it has to be followed up

**[02:07:56.460] Senator Joseph Victor "JV" G. Ejercito** (asr-002054)  
with,

**[02:07:57.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002055)  
economic development.

**[02:08:00.360] Senator Joseph Victor "JV" G. Ejercito** (asr-002056)  
But we need investments.

**[02:08:01.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002057)  
We need to pursue the Mindanao Railway

**[02:08:03.580] Senator Joseph Victor "JV" G. Ejercito** (asr-002058)  
because I believe that

**[02:08:04.760] Senator Joseph Victor "JV" G. Ejercito** (asr-002059)  
yung po-secessionist movement

**[02:08:06.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002060)  
in the central and the western

**[02:08:09.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002061)  
and then the

**[02:08:10.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002062)  
insurgency in the eastern side.

**[02:08:13.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002063)  
But if you have the railway

**[02:08:14.640] Senator Joseph Victor "JV" G. Ejercito** (asr-002064)  
and the infrastructure,

**[02:08:16.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002065)  
we develop these areas,

**[02:08:17.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002066)  
create growth nodes

**[02:08:18.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002067)  
and create jobs and opportunities.

**[02:08:21.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002068)  
Parang, you know,

**[02:08:22.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002069)  
I think in the end,

**[02:08:23.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002070)  
we have to strive

**[02:08:25.000] Senator Joseph Victor "JV" G. Ejercito** (asr-002071)  
to create jobs

**[02:08:26.620] Senator Joseph Victor "JV" G. Ejercito** (asr-002072)  
in the,

**[02:08:27.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002073)  
investments that would generate jobs

**[02:08:30.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002074)  
and opportunities

**[02:08:30.720] Senator Joseph Victor "JV" G. Ejercito** (asr-002075)  
because we cannot go on,

**[02:08:35.280] Senator Joseph Victor "JV" G. Ejercito** (asr-002076)  
hindi naman tayo pwedeng magdepende

**[02:08:37.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002077)  
sa ayuda,

**[02:08:37.980] Senator Joseph Victor "JV" G. Ejercito** (asr-002078)  
bumuhay natin.

**[02:08:38.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002079)  
This is not sustainable.

**[02:08:40.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002080)  
So,

**[02:08:41.620] Senator Joseph Victor "JV" G. Ejercito** (asr-002081)  
ayun.

**[02:08:42.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002082)  
Anyway, thank you very much

**[02:08:43.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002083)  
for the support

**[02:08:44.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002084)  
for the master plan

**[02:08:45.220] Senator Joseph Victor "JV" G. Ejercito** (asr-002085)  
because that's our target.

**[02:08:47.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002086)  
That's our aim really

**[02:08:48.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002087)  
is to spread out development

**[02:08:49.760] Senator Joseph Victor "JV" G. Ejercito** (asr-002088)  
and create jobs

**[02:08:51.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002089)  
and opportunities

**[02:08:51.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002090)  
in the long run.

**[02:08:54.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002091)  
So,

**[02:08:55.200] Senator Joseph Victor "JV" G. Ejercito** (asr-002092)  
yung po,

**[02:08:55.600] Senator Joseph Victor "JV" G. Ejercito** (asr-002093)  
siguro sa tech ko,

**[02:08:57.280] Senator Joseph Victor "JV" G. Ejercito** (asr-002094)  
I,

**[02:08:57.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002095)  
I'd just like to ask,

**[02:08:58.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002096)  
we had a problem,

**[02:08:59.960] Senator Joseph Victor "JV" G. Ejercito** (asr-002097)  
I know for a fact that Japan

**[02:09:01.620] Senator Joseph Victor "JV" G. Ejercito** (asr-002098)  
and JICA brought this

**[02:09:03.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002099)  
to the attention of the president

**[02:09:04.420] Senator Joseph Victor "JV" G. Ejercito** (asr-002100)  
in his last working visit,

**[02:09:05.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002101)  
yung

**[02:09:06.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002102)  
our delay in the payments,

**[02:09:08.300] Senator Joseph Victor "JV" G. Ejercito** (asr-002103)  
dun sa,

**[02:09:09.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002104)  
nagkantay ng delay,

**[02:09:10.000] Senator Joseph Victor "JV" G. Ejercito** (asr-002105)  
sa ating foreign assisted,

**[02:09:12.520] Senator Joseph Victor "JV" G. Ejercito** (asr-002106)  
sa,

**[02:09:13.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002107)  
in particular,

**[02:09:14.120] Senator Joseph Victor "JV" G. Ejercito** (asr-002108)  
the NSCR,

**[02:09:15.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002109)  
the North-South Commuter Railway

**[02:09:16.380] Senator Joseph Victor "JV" G. Ejercito** (asr-002110)  
and the Metro-Manila Subway.

**[02:09:18.640] Senator Joseph Victor "JV" G. Ejercito** (asr-002111)  
I think one of the,

**[02:09:19.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002112)  
one of the reasons,

**[02:09:20.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002113)  
one of the factor,

**[02:09:21.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002114)  
one of the reasons

**[02:09:22.240] Senator Joseph Victor "JV" G. Ejercito** (asr-002115)  
is the,

**[02:09:23.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002116)  
yung GOP portion

**[02:09:25.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002117)  
yung payment

**[02:09:26.300] Senator Joseph Victor "JV" G. Ejercito** (asr-002118)  
for the foreign assisted,

**[02:09:27.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002119)  
was lodged

**[02:09:29.000] Senator Joseph Victor "JV" G. Ejercito** (asr-002120)  
under the unprogrammed funds

**[02:09:30.420] Senator Joseph Victor "JV" G. Ejercito** (asr-002121)  
for two years.

**[02:09:32.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002122)  
And,

**[02:09:32.660] Senator Joseph Victor "JV" G. Ejercito** (asr-002123)  
ang nangyari dito,

**[02:09:34.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002124)  
we were delayed

**[02:09:34.960] Senator Joseph Victor "JV" G. Ejercito** (asr-002125)  
for almost,

**[02:09:36.740] Senator Joseph Victor "JV" G. Ejercito** (asr-002126)  
dapat 2020,

**[02:09:37.800] Senator Joseph Victor "JV" G. Ejercito** (asr-002127)  
partially,

**[02:09:38.360] Senator Joseph Victor "JV" G. Ejercito** (asr-002128)  
as running already

**[02:09:39.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002129)  
ang NSCR

**[02:09:40.060] Senator Joseph Victor "JV" G. Ejercito** (asr-002130)  
and Metro-Manila Subway.

**[02:09:42.540] Senator Joseph Victor "JV" G. Ejercito** (asr-002131)  
Now,

**[02:09:42.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002132)  
it's 2032.

**[02:09:44.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002133)  
2032.

**[02:09:44.960] Senator Joseph Victor "JV" G. Ejercito** (asr-002134)  
Lahat po kasi na pushback.

**[02:09:46.800] Senator Joseph Victor "JV" G. Ejercito** (asr-002135)  
So,

**[02:09:48.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002136)  
my question is,

**[02:09:50.220] Senator Joseph Victor "JV" G. Ejercito** (asr-002137)  
can you think of any mechanism

**[02:09:51.800] Senator Joseph Victor "JV" G. Ejercito** (asr-002138)  
that we can institutionalize

**[02:09:53.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002139)  
to protect

**[02:09:53.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002140)  
funding for foreign assisted projects?

**[02:09:56.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002141)  
Because the more

**[02:09:56.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002142)  
we get delayed,

**[02:09:58.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002143)  
the higher cost it will be.

**[02:10:00.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002144)  
And, it will be,

**[02:10:01.220] Senator Joseph Victor "JV" G. Ejercito** (asr-002145)  
madi-delay din yung,

**[02:10:02.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002146)  
madi-delay din yung

**[02:10:04.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002147)  
operation.

**[02:10:05.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002148)  
Especially now that

**[02:10:07.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002149)  
nagkaroon pa ng ano,

**[02:10:09.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002150)  
ng devaluation.

**[02:10:10.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002151)  
Before,

**[02:10:11.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002152)  
if I'm not mistaken,

**[02:10:12.300] Senator Joseph Victor "JV" G. Ejercito** (asr-002153)  
nasa 40 plus yata yung

**[02:10:13.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002154)  
yung peso to dollar.

**[02:10:15.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002155)  
Now, it's now 60.

**[02:10:16.720] Senator Joseph Victor "JV" G. Ejercito** (asr-002156)  
So, all,

**[02:10:17.380] Senator Joseph Victor "JV" G. Ejercito** (asr-002157)  
the more the delay,

**[02:10:18.220] Senator Joseph Victor "JV" G. Ejercito** (asr-002158)  
the more it will be costly for us.

**[02:10:20.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002159)  
So, any

**[02:10:20.580] Senator Joseph Victor "JV" G. Ejercito** (asr-002160)  
mechanism that

**[02:10:22.580] Senator Joseph Victor "JV" G. Ejercito** (asr-002161)  
we can institutionalize

**[02:10:23.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002162)  
to protect funding

**[02:10:24.420] Senator Joseph Victor "JV" G. Ejercito** (asr-002163)  
for the foreign assisted projects?

**[02:10:26.860] DOF Secretary Frederick D. Go** (asr-002164)  
Yeah, Mr. Chair.

**[02:10:28.360] DOF Secretary Frederick D. Go** (asr-002165)  
I fully agree with you.

**[02:10:30.360] DOF Secretary Frederick D. Go** (asr-002166)  
But, I'm now stepping

**[02:10:31.640] DOF Secretary Frederick D. Go** (asr-002167)  
into the space of the

**[02:10:33.080] DOF Secretary Frederick D. Go** (asr-002168)  
DBM.

**[02:10:34.960] DOF Secretary Frederick D. Go** (asr-002169)  
But, I do believe that

**[02:10:37.100] DOF Secretary Frederick D. Go** (asr-002170)  
these kinds of projects,

**[02:10:39.400] DOF Secretary Frederick D. Go** (asr-002171)  
again, because there's

**[02:10:40.220] DOF Secretary Frederick D. Go** (asr-002172)  
our contractual obligations

**[02:10:41.560] DOF Secretary Frederick D. Go** (asr-002173)  
entered into by the state,

**[02:10:43.720] DOF Secretary Frederick D. Go** (asr-002174)  
they should be in the

**[02:10:44.780] DOF Secretary Frederick D. Go** (asr-002175)  
programmed appropriations.

**[02:10:46.140] DOF Secretary Frederick D. Go** (asr-002176)  
They should never be allowed

**[02:10:47.320] DOF Secretary Frederick D. Go** (asr-002177)  
to be in the

**[02:10:48.300] DOF Secretary Frederick D. Go** (asr-002178)  
unprogrammed appropriations.

**[02:10:51.360] Senator Joseph Victor "JV" G. Ejercito** (asr-002179)  
That is correct.

**[02:10:53.460] Senator Joseph Victor "JV" G. Ejercito** (asr-002180)  
Actually, we are thinking

**[02:10:54.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002181)  
if we can do that,

**[02:10:56.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002182)  
including the GAA

**[02:11:01.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002183)  
that we're studying

**[02:11:03.340] Senator Joseph Victor "JV" G. Ejercito** (asr-002184)  
if this can,

**[02:11:05.740] Senator Joseph Victor "JV" G. Ejercito** (asr-002185)  
our obligations can be

**[02:11:07.600] Senator Joseph Victor "JV" G. Ejercito** (asr-002186)  
already automatic appropriations.

**[02:11:10.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002187)  
So, you know,

**[02:11:10.780] Senator Joseph Victor "JV" G. Ejercito** (asr-002188)  
we don't,

**[02:11:12.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002189)  
that we have to honor

**[02:11:15.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002190)  
our obligations

**[02:11:16.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002191)  
all the time.

**[02:11:17.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002192)  
And I will ask this also

**[02:11:19.240] Senator Joseph Victor "JV" G. Ejercito** (asr-002193)  
first,

**[02:11:22.200] Senator Joseph Victor "JV" G. Ejercito** (asr-002194)  
during the DBM sub-budget.

**[02:11:26.200] Senator Joseph Victor "JV" G. Ejercito** (asr-002195)  
With regards,

**[02:11:26.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002196)  
I'll take advantage

**[02:11:29.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002197)  
while we're still waiting

**[02:11:30.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002198)  
for the colleagues

**[02:11:30.780] Senator Joseph Victor "JV" G. Ejercito** (asr-002199)  
kasi I would want,

**[02:11:32.200] Senator Joseph Victor "JV" G. Ejercito** (asr-002200)  
although we want to finish early

**[02:11:33.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002201)  
as much as possible,

**[02:11:35.480] Senator Joseph Victor "JV" G. Ejercito** (asr-002202)  
if they don't ask,

**[02:11:36.300] Senator Joseph Victor "JV" G. Ejercito** (asr-002203)  
problema niyo ito sa plenary.

**[02:11:37.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002204)  
We might take longer.

**[02:11:39.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002205)  
It's better that they come already

**[02:11:40.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002206)  
and raise their concerns

**[02:11:43.280] Senator Joseph Victor "JV" G. Ejercito** (asr-002207)  
rather than raise it in plenary.

**[02:11:46.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002208)  
Baka umagahin pa tayo dito.

**[02:11:48.240] Senator Joseph Victor "JV" G. Ejercito** (asr-002209)  
Anyway, I'd just like to ask

**[02:11:49.640] Senator Joseph Victor "JV" G. Ejercito** (asr-002210)  
a few more questions

**[02:11:51.800] Senator Joseph Victor "JV" G. Ejercito** (asr-002211)  
with regard to UHC law

**[02:11:54.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002212)  
as the principal sponsor

**[02:11:55.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002213)  
and author of the

**[02:11:56.200] Senator Joseph Victor "JV" G. Ejercito** (asr-002214)  
Universal Health Act.

**[02:11:56.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002215)  
Though my priority is

**[02:11:58.460] Senator Joseph Victor "JV" G. Ejercito** (asr-002216)  
ensuring every peso

**[02:12:00.960] Senator Joseph Victor "JV" G. Ejercito** (asr-002217)  
allocated to healthcare

**[02:12:02.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002218)  
directly reduces

**[02:12:02.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002219)  
out-of-pocket expenses

**[02:12:04.480] Senator Joseph Victor "JV" G. Ejercito** (asr-002220)  
and spending of those in need.

**[02:12:08.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002221)  
Based on our

**[02:12:09.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002222)  
internal computations

**[02:12:11.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002223)  
with the assistance

**[02:12:12.660] Senator Joseph Victor "JV" G. Ejercito** (asr-002224)  
of Center P. Cayetano,

**[02:12:15.380] Senator Joseph Victor "JV" G. Ejercito** (asr-002225)  
around 300 billion

**[02:12:16.540] Senator Joseph Victor "JV" G. Ejercito** (asr-002226)  
in earmarked funds

**[02:12:18.060] Senator Joseph Victor "JV" G. Ejercito** (asr-002227)  
intended for

**[02:12:18.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002228)  
field health remains

**[02:12:19.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002229)  
unreleased.

**[02:12:21.580] Senator Joseph Victor "JV" G. Ejercito** (asr-002230)  
Ito po, nasa slide.

**[02:12:24.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002231)  
May we first confirm

**[02:12:25.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002232)  
may we first confirm

**[02:12:25.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002233)  
may we first confirm

**[02:12:26.640] Senator Joseph Victor "JV" G. Ejercito** (asr-002234)  
whether that computation

**[02:12:28.460] Senator Joseph Victor "JV" G. Ejercito** (asr-002235)  
is correct.

**[02:12:29.180] Senator Joseph Victor "JV" G. Ejercito** (asr-002236)  
Galing po tayo

**[02:12:29.680] Senator Joseph Victor "JV" G. Ejercito** (asr-002237)  
sa Center P. Cayetano ito.

**[02:12:31.280] Senator Joseph Victor "JV" G. Ejercito** (asr-002238)  
Particularly with respect

**[02:12:32.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002239)  
to the unreleased share

**[02:12:34.180] Senator Joseph Victor "JV" G. Ejercito** (asr-002240)  
of syntax collections,

**[02:12:36.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002241)  
earmarked for field health.

**[02:12:38.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002242)  
May we also confirm

**[02:12:39.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002243)  
the corresponding

**[02:12:40.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002244)  
unreleased earmarked

**[02:12:41.180] Senator Joseph Victor "JV" G. Ejercito** (asr-002245)  
revenues from PCSO

**[02:12:42.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002246)  
and PagCorp.

**[02:12:44.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002247)  
So yours is the treasurer

**[02:12:45.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002248)  
Sharon Almanza?

**[02:12:48.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002249)  
Or si Yusef Carl Adriana?

**[02:12:50.220] Senator Joseph Victor "JV" G. Ejercito** (asr-002250)  
Kasi tatanungin din ito.

**[02:12:51.760] Senator Joseph Victor "JV" G. Ejercito** (asr-002251)  
I received some questions

**[02:12:53.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002252)  
so I'd rather ask you now

**[02:12:55.520] Senator Joseph Victor "JV" G. Ejercito** (asr-002253)  
so that you can prepare.

**[02:12:56.640] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002254)  
Mr. Chair,

**[02:12:58.600] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002255)  
yung kumbaga

**[02:12:59.240] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002256)  
ang role po ng DOF

**[02:13:01.140] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002257)  
with regards to the earmarking

**[02:13:02.840] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002258)  
particularly with the syntax

**[02:13:04.480] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002259)  
is to certify

**[02:13:06.100] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002260)  
the collection

**[02:13:07.180] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002261)  
per SYN product.

**[02:13:10.200] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002262)  
And then we provide

**[02:13:11.400] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002263)  
that certification

**[02:13:12.380] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002264)  
to DBM

**[02:13:13.800] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002265)  
which will serve

**[02:13:14.800] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002266)  
as an input

**[02:13:15.680] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002267)  
kung magkano yung

**[02:13:16.720] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002268)  
kanilang magiging

**[02:13:17.720] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002269)  
proposal

**[02:13:18.600] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002270)  
to the field health

**[02:13:20.400] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002271)  
among others.

**[02:13:21.840] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002272)  
And then ultimately po,

**[02:13:23.220] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002273)  
according po kasi doon

**[02:13:24.340] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002274)  
sa Universal Healthcare Law,

**[02:13:26.640] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002275)  
subject for appropriation

**[02:13:28.320] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002276)  
po pa rin

**[02:13:29.060] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002277)  
itong mapupunta

**[02:13:30.420] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002278)  
sa field health

**[02:13:31.340] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002279)  
and others.

**[02:13:32.960] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002280)  
So ultimately,

**[02:13:34.160] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002281)  
if there is

**[02:13:35.220] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002282)  
a difference

**[02:13:36.340] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002283)  
between the estimated

**[02:13:37.560] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002284)  
earmark

**[02:13:38.500] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002285)  
versus what was

**[02:13:40.100] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002286)  
appropriated,

**[02:13:42.040] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002287)  
technically,

**[02:13:43.260] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002288)  
yun po yung ano,

**[02:13:44.660] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002289)  
it will be the call

**[02:13:45.900] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002290)  
of the legislators

**[02:13:47.900] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002291)  
kung magkano po yung

**[02:13:49.000] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002292)  
appropriated amounts.

**[02:13:51.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002293)  
Kasi medyo ano na eh,

**[02:13:53.180] Senator Joseph Victor "JV" G. Ejercito** (asr-002294)  
ito yung earmark

**[02:13:54.680] Senator Joseph Victor "JV" G. Ejercito** (asr-002295)  
and supposedly

**[02:13:55.480] Senator Joseph Victor "JV" G. Ejercito** (asr-002296)  
these are,

**[02:13:56.640] Senator Joseph Victor "JV" G. Ejercito** (asr-002297)  
actually,

**[02:13:57.640] Senator Joseph Victor "JV" G. Ejercito** (asr-002298)  
this was already raised

**[02:13:58.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002299)  
several times before.

**[02:14:01.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002300)  
And that's why I asked

**[02:14:03.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002301)  
para at least we can,

**[02:14:05.060] Senator Joseph Victor "JV" G. Ejercito** (asr-002302)  
we will be able to

**[02:14:06.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002303)  
prepare

**[02:14:07.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002304)  
for questions

**[02:14:08.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002305)  
from the others,

**[02:14:09.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002306)  
from the other centers.

**[02:14:11.200] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002307)  
Mr. Chair,

**[02:14:11.560] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002308)  
we can provide yun na lang

**[02:14:12.940] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002309)  
yung estimated earmark

**[02:14:14.440] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002310)  
for field health

**[02:14:15.380] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002311)  
and the universal healthcare

**[02:14:16.700] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002312)  
by SYN products, sir.

**[02:14:19.520] Senator Joseph Victor "JV" G. Ejercito** (asr-002313)  
Yes, please submit

**[02:14:20.740] Senator Joseph Victor "JV" G. Ejercito** (asr-002314)  
to the committee.

**[02:14:24.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002315)  
Yes,

**[02:14:25.460] Senator Joseph Victor "JV" G. Ejercito** (asr-002316)  
sa katay,

**[02:14:26.640] DOF Secretary Frederick D. Go** (asr-002317)  
Mr. Chair,

**[02:14:28.080] DOF Secretary Frederick D. Go** (asr-002318)  
this is an example

**[02:14:28.980] DOF Secretary Frederick D. Go** (asr-002319)  
of an earmark.

**[02:14:30.740] DOF Secretary Frederick D. Go** (asr-002320)  
Hence,

**[02:14:32.180] DOF Secretary Frederick D. Go** (asr-002321)  
it squeezes

**[02:14:32.840] DOF Secretary Frederick D. Go** (asr-002322)  
the fiscal space

**[02:14:34.020] DOF Secretary Frederick D. Go** (asr-002323)  
out of everybody.

**[02:14:36.200] DOF Secretary Frederick D. Go** (asr-002324)  
I have nothing against it

**[02:14:37.140] DOF Secretary Frederick D. Go** (asr-002325)  
for the record.

**[02:14:37.820] DOF Secretary Frederick D. Go** (asr-002326)  
I'm just giving it

**[02:14:38.420] DOF Secretary Frederick D. Go** (asr-002327)  
that this is an example

**[02:14:39.400] DOF Secretary Frederick D. Go** (asr-002328)  
of what I mentioned earlier,

**[02:14:41.480] DOF Secretary Frederick D. Go** (asr-002329)  
an earmark.

**[02:14:43.060] DOF Secretary Frederick D. Go** (asr-002330)  
So,

**[02:14:43.300] Senator Joseph Victor "JV" G. Ejercito** (asr-002331)  
it decreases

**[02:14:44.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002332)  
the elbow room

**[02:14:44.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002333)  
of everybody.

**[02:14:46.640] Senator Joseph Victor "JV" G. Ejercito** (asr-002334)  
Of everybody.

**[02:14:49.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002335)  
I'd just like to ask

**[02:14:50.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002336)  
with regards to

**[02:14:52.600] Senator Joseph Victor "JV" G. Ejercito** (asr-002337)  
Create More,

**[02:14:53.300] Senator Joseph Victor "JV" G. Ejercito** (asr-002338)  
under the Create More Act,

**[02:14:54.380] Senator Joseph Victor "JV" G. Ejercito** (asr-002339)  
we streamline

**[02:14:55.120] Senator Joseph Victor "JV" G. Ejercito** (asr-002340)  
tax incentives

**[02:14:56.120] Senator Joseph Victor "JV" G. Ejercito** (asr-002341)  
to attract

**[02:14:56.620] Senator Joseph Victor "JV" G. Ejercito** (asr-002342)  
foreign direct investment.

**[02:14:58.500] Senator Joseph Victor "JV" G. Ejercito** (asr-002343)  
However,

**[02:14:58.980] Senator Joseph Victor "JV" G. Ejercito** (asr-002344)  
concerns remain.

**[02:15:00.000] Senator Joseph Victor "JV" G. Ejercito** (asr-002345)  
regarding leakage of VAT zero

**[02:15:02.660] Senator Joseph Victor "JV" G. Ejercito** (asr-002346)  
rated raw materials into the

**[02:15:04.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002347)  
local market.

**[02:15:06.420] Senator Joseph Victor "JV" G. Ejercito** (asr-002348)  
My question is, is there a joint monitoring

**[02:15:08.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002349)  
entity between the DOF, BIR

**[02:15:10.720] Senator Joseph Victor "JV" G. Ejercito** (asr-002350)  
and other investment promotion

**[02:15:12.680] Senator Joseph Victor "JV" G. Ejercito** (asr-002351)  
agencies that keeps

**[02:15:14.620] Senator Joseph Victor "JV" G. Ejercito** (asr-002352)  
tabs in ensuring

**[02:15:17.060] Senator Joseph Victor "JV" G. Ejercito** (asr-002353)  
that this incentive won't be

**[02:15:18.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002354)  
abused?

**[02:15:25.500] DOF Secretary Frederick D. Go** (asr-002355)  
Maybe somebody

**[02:15:26.980] DOF Secretary Frederick D. Go** (asr-002356)  
from the revenue collecting agencies can

**[02:15:29.120] DOF Secretary Frederick D. Go** (asr-002357)  
shed some light on that.

**[02:15:31.000] DOF Secretary Frederick D. Go** (asr-002358)  
But Mr. Chair, I'd like to share something.

**[02:15:34.200] DOF Secretary Frederick D. Go** (asr-002359)  
We

**[02:15:34.880] DOF Secretary Frederick D. Go** (asr-002360)  
noticed that

**[02:15:35.840] DOF Secretary Frederick D. Go** (asr-002361)  
amongst the

**[02:15:42.940] DOF Secretary Frederick D. Go** (asr-002362)  
investment promotion agencies, there's

**[02:15:44.940] DOF Secretary Frederick D. Go** (asr-002363)  
been a lot of overlap.

**[02:15:47.580] DOF Secretary Frederick D. Go** (asr-002364)  
We're trying to

**[02:15:48.780] DOF Secretary Frederick D. Go** (asr-002365)  
fix that and we've come to an agreement

**[02:15:50.760] DOF Secretary Frederick D. Go** (asr-002366)  
with PESA

**[02:15:52.600] DOF Secretary Frederick D. Go** (asr-002367)  
that PESA should only focus

**[02:15:54.840] DOF Secretary Frederick D. Go** (asr-002368)  
on export-oriented businesses.

**[02:15:57.860] DOF Secretary Frederick D. Go** (asr-002369)  
And the Board

**[02:15:58.880] DOF Secretary Frederick D. Go** (asr-002370)  
of Investments should

**[02:16:00.400] DOF Secretary Frederick D. Go** (asr-002371)  
only focus on domestic

**[02:16:02.740] DOF Secretary Frederick D. Go** (asr-002372)  
enterprises.

**[02:16:05.140] DOF Secretary Frederick D. Go** (asr-002373)  
I think that will make or allow

**[02:16:06.680] DOF Secretary Frederick D. Go** (asr-002374)  
the investment promotion agencies to be

**[02:16:08.800] DOF Secretary Frederick D. Go** (asr-002375)  
able to

**[02:16:09.600] DOF Secretary Frederick D. Go** (asr-002376)  
police their registered

**[02:16:13.060] DOF Secretary Frederick D. Go** (asr-002377)  
business enterprises better.

**[02:16:14.820] DOF Secretary Frederick D. Go** (asr-002378)  
And it will also help the Bureau of

**[02:16:16.880] DOF Secretary Frederick D. Go** (asr-002379)  
Internal Revenue and the Bureau of Customs

**[02:16:19.760] DOF Secretary Frederick D. Go** (asr-002380)  
in also monitoring

**[02:16:21.040] DOF Secretary Frederick D. Go** (asr-002381)  
the activities of these

**[02:16:22.360] DOF Secretary Frederick D. Go** (asr-002382)  
investment promotion agencies

**[02:16:25.180] DOF Secretary Frederick D. Go** (asr-002383)  
to avoid VAT

**[02:16:27.040] DOF Secretary Frederick D. Go** (asr-002384)  
leakages and other tax

**[02:16:28.680] DOF Secretary Frederick D. Go** (asr-002385)  
leakages. Because when sometimes

**[02:16:30.640] DOF Secretary Frederick D. Go** (asr-002386)  
you're inside an exclusive

**[02:16:32.820] DOF Secretary Frederick D. Go** (asr-002387)  
territory or an

**[02:16:35.420] DOF Secretary Frederick D. Go** (asr-002388)  
exclusive ecozone,

**[02:16:36.920] DOF Secretary Frederick D. Go** (asr-002389)  
the idea there is you're generally

**[02:16:39.300] DOF Secretary Frederick D. Go** (asr-002390)  
supposed to be an export-oriented

**[02:16:41.120] DOF Secretary Frederick D. Go** (asr-002391)  
ecozone, which is why you enjoy

**[02:16:43.620] DOF Secretary Frederick D. Go** (asr-002392)  
that separate customs

**[02:16:45.800] DOF Secretary Frederick D. Go** (asr-002393)  
border

**[02:16:46.420] DOF Secretary Frederick D. Go** (asr-002394)  
privilege. But when

**[02:16:49.100] DOF Secretary Frederick D. Go** (asr-002395)  
the ecozone starts allowing domestic

**[02:16:51.660] DOF Secretary Frederick D. Go** (asr-002396)  
enterprises to operate

**[02:16:53.200] DOF Secretary Frederick D. Go** (asr-002397)  
inside the ecozone,

**[02:16:55.840] DOF Secretary Frederick D. Go** (asr-002398)  
it can start

**[02:16:56.880] DOF Secretary Frederick D. Go** (asr-002399)  
creating

**[02:16:58.680] DOF Secretary Frederick D. Go** (asr-002400)  
leakages.

**[02:17:00.680] DOF Secretary Frederick D. Go** (asr-002401)  
But maybe

**[02:17:01.520] DOF Secretary Frederick D. Go** (asr-002402)  
either Commissioner?

**[02:17:03.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002403)  
Yes, probably

**[02:17:03.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002404)  
revenue-generating agencies

**[02:17:06.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002405)  
like BIR or

**[02:17:07.720] Senator Joseph Victor "JV" G. Ejercito** (asr-002406)  
Commissioner

**[02:17:08.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002407)  
Charlito Mendoza.

**[02:17:14.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-002408)  
Good afternoon,

**[02:17:16.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-002409)  
Mr. Chair.

**[02:17:17.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-002410)  
The concern has always been

**[02:17:19.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-002411)  
with respect to the BIR

**[02:17:21.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-002412)  
when it comes to

**[02:17:23.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-002413)  
zero-rated transactions

**[02:17:25.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-002414)  
from RBEs

**[02:17:27.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-002415)  
is that

**[02:17:28.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-002416)  
refund takes time.

**[02:17:30.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-002417)  
And we have addressed this

**[02:17:32.320] BIR Commissioner Charlito Martin R. Mendoza** (asr-002418)  
substantially over

**[02:17:34.680] BIR Commissioner Charlito Martin R. Mendoza** (asr-002419)  
the past several months.

**[02:17:39.680] BIR Commissioner Charlito Martin R. Mendoza** (asr-002420)  
Refund now

**[02:17:40.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-002421)  
takes only a maximum

**[02:17:42.600] BIR Commissioner Charlito Martin R. Mendoza** (asr-002422)  
of 90 days for VAT refund.

**[02:17:45.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-002423)  
We are dependent

**[02:17:46.720] BIR Commissioner Charlito Martin R. Mendoza** (asr-002424)  
on the certification that is being given

**[02:17:48.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-002425)  
to us by the investment promotion agencies.

**[02:17:51.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-002426)  
But with respect to the issue

**[02:17:53.340] BIR Commissioner Charlito Martin R. Mendoza** (asr-002427)  
on refunds of VAT

**[02:17:55.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-002428)  
on zero-rated transactions,

**[02:17:56.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-002429)  
the process of the BIR is fast.

**[02:18:00.080] BIR Commissioner Charlito Martin R. Mendoza** (asr-002430)  
The timelines that we are following

**[02:18:02.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-002431)  
are limited.

**[02:18:03.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-002432)  
And when it comes to the documents

**[02:18:05.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-002433)  
that need to be submitted,

**[02:18:06.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-002434)  
we have substantially reduced that

**[02:18:08.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-002435)  
from 30 documents

**[02:18:10.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-002436)  
to 9 to 17 documents only.

**[02:18:13.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-002437)  
Thank you, Mr. Chair.

**[02:18:19.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002438)  
Sikong Ariel,

**[02:18:22.420] Senator Joseph Victor "JV" G. Ejercito** (asr-002439)  
before you

**[02:18:23.620] Senator Joseph Victor "JV" G. Ejercito** (asr-002440)  
answer, I'd just like to

**[02:18:25.820] Senator Joseph Victor "JV" G. Ejercito** (asr-002441)  
acknowledge the presence of

**[02:18:26.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002442)  
Senator Joel Villanueva.

**[02:18:27.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002443)  
Thank you, sir, for joining us.

**[02:18:29.900] Senator Joel Villanueva** (asr-002444)  
Thank you, Mr. Chairman,

**[02:18:31.560] Senator Joel Villanueva** (asr-002445)  
just to put on record that I've been here

**[02:18:33.860] Senator Joel Villanueva** (asr-002446)  
for quite a long time

**[02:18:37.460] Senator Joel Villanueva** (asr-002447)  
as a supporter of the

**[02:18:39.640] Senator Joel Villanueva** (asr-002448)  
department, especially

**[02:18:40.960] Senator Joel Villanueva** (asr-002449)  
in these times that

**[02:18:42.960] Senator Joel Villanueva** (asr-002450)  
we need to

**[02:18:45.620] Senator Joel Villanueva** (asr-002451)  
help each other

**[02:18:47.040] Senator Joel Villanueva** (asr-002452)  
in this trying time.

**[02:18:49.180] Senator Joel Villanueva** (asr-002453)  
So, thank you, Mr. President,

**[02:18:51.100] Senator Joel Villanueva** (asr-002454)  
for having me. And, of course,

**[02:18:53.100] Senator Joel Villanueva** (asr-002455)  
we welcome and

**[02:18:54.260] Senator Joel Villanueva** (asr-002456)  
extend our gratitude

**[02:18:56.600] Senator Joel Villanueva** (asr-002457)  
to the men and women

**[02:18:58.340] Senator Joel Villanueva** (asr-002458)  
working for

**[02:19:00.360] Senator Joel Villanueva** (asr-002459)  
the Department of Finance and its attached agencies,

**[02:19:03.220] Senator Joel Villanueva** (asr-002460)  
the Bureau of Customs,

**[02:19:04.380] Senator Joel Villanueva** (asr-002461)  
BIR, etc., headed by

**[02:19:06.220] Senator Joel Villanueva** (asr-002462)  
Secretary Goh. Thank you, Mr. President.

**[02:19:10.540] Senator Joseph Victor "JV" G. Ejercito** (asr-002463)  
Thank you, Senator Villanueva.

**[02:19:13.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002464)  
Come again.

**[02:19:15.080] BOC Commissioner Ariel F. Nepomuceno** (asr-002465)  
Aligned with what

**[02:19:16.160] BOC Commissioner Ariel F. Nepomuceno** (asr-002466)  
Secretary Frederick has mentioned,

**[02:19:18.380] BOC Commissioner Ariel F. Nepomuceno** (asr-002467)  
Mr. Chair, while

**[02:19:20.000] BOC Commissioner Ariel F. Nepomuceno** (asr-002468)  
BOC is doing

**[02:19:22.040] BOC Commissioner Ariel F. Nepomuceno** (asr-002469)  
what it can

**[02:19:23.640] BOC Commissioner Ariel F. Nepomuceno** (asr-002470)  
and what we can do

**[02:19:26.600] BOC Commissioner Ariel F. Nepomuceno** (asr-002471)  
for us, ensuring that there will be

**[02:19:28.480] BOC Commissioner Ariel F. Nepomuceno** (asr-002472)  
no leakages with the

**[02:19:29.920] BOC Commissioner Ariel F. Nepomuceno** (asr-002473)  
enterprises or business groups

**[02:19:31.760] BOC Commissioner Ariel F. Nepomuceno** (asr-002474)  
inside the economic zones.

**[02:19:33.740] BOC Commissioner Ariel F. Nepomuceno** (asr-002475)  
But we recognize that we have

**[02:19:36.040] BOC Commissioner Ariel F. Nepomuceno** (asr-002476)  
received reports of possible

**[02:19:38.080] BOC Commissioner Ariel F. Nepomuceno** (asr-002477)  
infractions or abuse

**[02:19:40.440] BOC Commissioner Ariel F. Nepomuceno** (asr-002478)  
of their privilege inside the economic

**[02:19:42.480] BOC Commissioner Ariel F. Nepomuceno** (asr-002479)  
zones. So, in fact,

**[02:19:44.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002480)  
we have a list of some companies

**[02:19:45.940] BOC Commissioner Ariel F. Nepomuceno** (asr-002481)  
that we are monitoring

**[02:19:47.760] BOC Commissioner Ariel F. Nepomuceno** (asr-002482)  
for probable

**[02:19:49.820] BOC Commissioner Ariel F. Nepomuceno** (asr-002483)  
violations of their privileges.

**[02:19:52.780] BOC Commissioner Ariel F. Nepomuceno** (asr-002484)  
So, I

**[02:19:54.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002485)  
fully agree with what Secretary Frederick

**[02:19:56.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002486)  
has mentioned, that

**[02:19:57.400] BOC Commissioner Ariel F. Nepomuceno** (asr-002487)  
there is some

**[02:19:58.960] BOC Commissioner Ariel F. Nepomuceno** (asr-002488)  
possible or potential issues

**[02:20:01.720] BOC Commissioner Ariel F. Nepomuceno** (asr-002489)  
with the existence of both domestic

**[02:20:03.860] BOC Commissioner Ariel F. Nepomuceno** (asr-002490)  
and foreign enterprises

**[02:20:06.000] BOC Commissioner Ariel F. Nepomuceno** (asr-002491)  
doing their operations

**[02:20:08.020] BOC Commissioner Ariel F. Nepomuceno** (asr-002492)  
inside the economic zones.

**[02:20:11.300] Senator Joseph Victor "JV" G. Ejercito** (asr-002493)  
Yes, Senator Villanueva.

**[02:20:14.260] Senator Joel Villanueva** (asr-002494)  
Recently, perhaps, I think

**[02:20:15.960] Senator Joel Villanueva** (asr-002495)  
yesterday or two days ago, when I heard

**[02:20:17.980] Senator Joel Villanueva** (asr-002496)  
about this news item

**[02:20:20.100] Senator Joel Villanueva** (asr-002497)  
that happened in my beloved province

**[02:20:21.860] Senator Joel Villanueva** (asr-002498)  
in Bulacan,

**[02:20:23.320] Senator Joel Villanueva** (asr-002499)  
may nasabat po na ilalim,

**[02:20:26.220] Senator Joel Villanueva** (asr-002500)  
na toneto nila adang

**[02:20:27.280] Senator Joel Villanueva** (asr-002501)  
meat, I think chicken,

**[02:20:30.780] Senator Joel Villanueva** (asr-002502)  
na inilabas po.

**[02:20:33.440] Senator Joel Villanueva** (asr-002503)  
And unfortunately,

**[02:20:34.920] Senator Joel Villanueva** (asr-002504)  
ito daw po ay nahuli na

**[02:20:36.980] Senator Joel Villanueva** (asr-002505)  
ng Bureau of Customs.

**[02:20:39.280] Senator Joel Villanueva** (asr-002506)  
And then from your own

**[02:20:40.860] Senator Joel Villanueva** (asr-002507)  
warehouse,

**[02:20:42.940] Senator Joel Villanueva** (asr-002508)  
o kung saan man tinatago

**[02:20:44.540] Senator Joel Villanueva** (asr-002509)  
storage ito, nailabas pa

**[02:20:46.940] Senator Joel Villanueva** (asr-002510)  
at munti ka na pong

**[02:20:49.420] Senator Joel Villanueva** (asr-002511)  
maibenta. Buti na lang din na

**[02:20:51.040] Senator Joel Villanueva** (asr-002512)  
nasabat, Mr. Chairman, dun po sa

**[02:20:52.600] Senator Joel Villanueva** (asr-002513)  
Santa Maria, Bulacan.

**[02:20:54.400] Senator Joel Villanueva** (asr-002514)  
And, syempre, naging

**[02:20:56.220] Senator Joel Villanueva** (asr-002515)  
nag-worry po tayo, puro

**[02:20:57.900] Senator Joel Villanueva** (asr-002516)  
yung buong lahi po natin, taga Bulacan.

**[02:21:00.760] Senator Joel Villanueva** (asr-002517)  
Can you imagine kung ang nabentahan

**[02:21:02.480] Senator Joel Villanueva** (asr-002518)  
ay mga kamag-anak mo.

**[02:21:04.680] Senator Joel Villanueva** (asr-002519)  
But, of course, we are

**[02:21:06.320] Senator Joel Villanueva** (asr-002520)  
not here to

**[02:21:07.340] Senator Joel Villanueva** (asr-002521)  
you know, we wanted

**[02:21:10.640] Senator Joel Villanueva** (asr-002522)  
to make sure that our system works.

**[02:21:12.860] Senator Joel Villanueva** (asr-002523)  
I mean, if that is really

**[02:21:14.400] Senator Joel Villanueva** (asr-002524)  
the case, I mean,

**[02:21:17.160] Senator Joel Villanueva** (asr-002525)  
it's alarming, Mr. President,

**[02:21:19.020] Senator Joel Villanueva** (asr-002526)  
na nandun na po sa storage,

**[02:21:20.960] Senator Joel Villanueva** (asr-002527)  
may kakontsaba, nailabas pa rin.

**[02:21:23.660] Senator Joel Villanueva** (asr-002528)  
And then, gusto pong

**[02:21:24.640] Senator Joel Villanueva** (asr-002529)  
maibenta. So, kung hindi po nasa

**[02:21:26.220] Senator Joel Villanueva** (asr-002530)  
batun, Mr. President,

**[02:21:28.000] Senator Joel Villanueva** (asr-002531)  
mabibenta pa, Mr. President.

**[02:21:29.600] Senator Joel Villanueva** (asr-002532)  
And, of course, yung next question

**[02:21:32.120] Senator Joel Villanueva** (asr-002533)  
dyan is,

**[02:21:34.660] Senator Joel Villanueva** (asr-002534)  
pwede palang mangyari ito,

**[02:21:36.540] Senator Joel Villanueva** (asr-002535)  
Mr. Chairman, nakaka-alarma

**[02:21:38.860] Senator Joel Villanueva** (asr-002536)  
din. So, I hope na

**[02:21:40.500] Senator Joel Villanueva** (asr-002537)  
we're really looking into this.

**[02:21:42.900] Senator Joel Villanueva** (asr-002538)  
And, I heard

**[02:21:44.200] Senator Joel Villanueva** (asr-002539)  
from some

**[02:21:45.740] Senator Joel Villanueva** (asr-002540)  
news reports also that I think

**[02:21:48.160] Senator Joel Villanueva** (asr-002541)  
the Commissioner already stated that

**[02:21:50.340] Senator Joel Villanueva** (asr-002542)  
heads will roll and they are

**[02:21:52.480] Senator Joel Villanueva** (asr-002543)  
into this. At parang may idea

**[02:21:54.620] Senator Joel Villanueva** (asr-002544)  
na po kayo. Can you just,

**[02:21:56.220] Senator Joel Villanueva** (asr-002545)  
brief us, sir, of what happened?

**[02:21:58.160] Senator Joel Villanueva** (asr-002546)  
But, of course, I commend also

**[02:22:00.180] Senator Joel Villanueva** (asr-002547)  
the men and women behind this

**[02:22:01.760] Senator Joel Villanueva** (asr-002548)  
operation na mahuli po sila.

**[02:22:05.080] Senator Joel Villanueva** (asr-002549)  
Salamat po.

**[02:22:06.980] BOC Commissioner Ariel F. Nepomuceno** (asr-002550)  
Mr. Chair, Your Honor,

**[02:22:08.720] BOC Commissioner Ariel F. Nepomuceno** (asr-002551)  
tagaanggat din po ako,

**[02:22:11.420] BOC Commissioner Ariel F. Nepomuceno** (asr-002552)  
Mr. Senator.

**[02:22:14.840] BOC Commissioner Ariel F. Nepomuceno** (asr-002553)  
Hindi po dapat mangyari po yun.

**[02:22:16.600] BOC Commissioner Ariel F. Nepomuceno** (asr-002554)  
That's the big answer.

**[02:22:18.160] BOC Commissioner Ariel F. Nepomuceno** (asr-002555)  
So, but we have already explained

**[02:22:20.040] BOC Commissioner Ariel F. Nepomuceno** (asr-002556)  
earlier that one of

**[02:22:22.200] BOC Commissioner Ariel F. Nepomuceno** (asr-002557)  
the many

**[02:22:24.380] BOC Commissioner Ariel F. Nepomuceno** (asr-002558)  
problems that we have inherited,

**[02:22:26.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002559)  
is inherited, is the

**[02:22:28.200] BOC Commissioner Ariel F. Nepomuceno** (asr-002560)  
weakness of this

**[02:22:29.280] BOC Commissioner Ariel F. Nepomuceno** (asr-002561)  
condemnation option of the

**[02:22:32.080] BOC Commissioner Ariel F. Nepomuceno** (asr-002562)  
Bureau of Customs to be done really properly.

**[02:22:34.200] BOC Commissioner Ariel F. Nepomuceno** (asr-002563)  
Ganto po yun eh. Yung mga nasabat

**[02:22:36.120] BOC Commissioner Ariel F. Nepomuceno** (asr-002564)  
po natin ng mga smuggled goods na

**[02:22:38.120] BOC Commissioner Ariel F. Nepomuceno** (asr-002565)  
dapat sisirain, for example, cigarettes,

**[02:22:41.560] BOC Commissioner Ariel F. Nepomuceno** (asr-002566)  
agricultural products na

**[02:22:44.060] BOC Commissioner Ariel F. Nepomuceno** (asr-002567)  
hindi na fit for human consumption,

**[02:22:46.400] BOC Commissioner Ariel F. Nepomuceno** (asr-002568)  
dapat sirain yan doon sa mga

**[02:22:48.080] BOC Commissioner Ariel F. Nepomuceno** (asr-002569)  
condemnation facilities.

**[02:22:49.920] BOC Commissioner Ariel F. Nepomuceno** (asr-002570)  
The weaknesses that

**[02:22:52.260] BOC Commissioner Ariel F. Nepomuceno** (asr-002571)  
we have identified are two.

**[02:22:53.800] BOC Commissioner Ariel F. Nepomuceno** (asr-002572)  
Mainly one,

**[02:22:54.880] BOC Commissioner Ariel F. Nepomuceno** (asr-002573)  
we don't have,

**[02:22:56.780] BOC Commissioner Ariel F. Nepomuceno** (asr-002574)  
unlike in other countries, we don't have

**[02:22:58.660] BOC Commissioner Ariel F. Nepomuceno** (asr-002575)  
our own condemnation

**[02:23:00.560] BOC Commissioner Ariel F. Nepomuceno** (asr-002576)  
facility. Therefore, we are dependent

**[02:23:02.740] BOC Commissioner Ariel F. Nepomuceno** (asr-002577)  
on the

**[02:23:04.380] BOC Commissioner Ariel F. Nepomuceno** (asr-002578)  
private condemnators.

**[02:23:07.440] BOC Commissioner Ariel F. Nepomuceno** (asr-002579)  
But the second weakness with this

**[02:23:08.940] BOC Commissioner Ariel F. Nepomuceno** (asr-002580)  
is, we don't have,

**[02:23:10.920] BOC Commissioner Ariel F. Nepomuceno** (asr-002581)  
ironically, we don't have the budget

**[02:23:12.580] BOC Commissioner Ariel F. Nepomuceno** (asr-002582)  
to fund

**[02:23:14.600] BOC Commissioner Ariel F. Nepomuceno** (asr-002583)  
such condemnation activities.

**[02:23:17.020] BOC Commissioner Ariel F. Nepomuceno** (asr-002584)  
For the longest time, wala pong budget

**[02:23:18.740] BOC Commissioner Ariel F. Nepomuceno** (asr-002585)  
ang customs. Therefore,

**[02:23:20.820] BOC Commissioner Ariel F. Nepomuceno** (asr-002586)  
it will be a big puzzle.

**[02:23:22.120] BOC Commissioner Ariel F. Nepomuceno** (asr-002587)  
What is the motivation

**[02:23:23.920] BOC Commissioner Ariel F. Nepomuceno** (asr-002588)  
of

**[02:23:24.880] BOC Commissioner Ariel F. Nepomuceno** (asr-002589)  
these condemnators?

**[02:23:26.000] BOC Commissioner Ariel F. Nepomuceno** (asr-002590)  
Of course, mayroon naman matitin

**[02:23:27.320] BOC Commissioner Ariel F. Nepomuceno** (asr-002591)  
ng condemnators, but that's still a big

**[02:23:29.620] BOC Commissioner Ariel F. Nepomuceno** (asr-002592)  
puzzle. But nila gagawin yung

**[02:23:31.420] BOC Commissioner Ariel F. Nepomuceno** (asr-002593)  
trabaho na logistic siya,

**[02:23:34.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002594)  
nakahakuti nila from

**[02:23:35.420] BOC Commissioner Ariel F. Nepomuceno** (asr-002595)  
the warehouses of the Bureau of Customs,

**[02:23:37.940] BOC Commissioner Ariel F. Nepomuceno** (asr-002596)  
dadalit sa kanilang condemnation facility,

**[02:23:40.320] BOC Commissioner Ariel F. Nepomuceno** (asr-002597)  
may operations po yun.

**[02:23:41.840] BOC Commissioner Ariel F. Nepomuceno** (asr-002598)  
So, the logic supposed to be is

**[02:23:43.940] BOC Commissioner Ariel F. Nepomuceno** (asr-002599)  
the logic supposed to be

**[02:23:45.880] BOC Commissioner Ariel F. Nepomuceno** (asr-002600)  
is for them to be able to salvage

**[02:23:47.820] BOC Commissioner Ariel F. Nepomuceno** (asr-002601)  
some value from the

**[02:23:50.340] BOC Commissioner Ariel F. Nepomuceno** (asr-002602)  
smuggled products

**[02:23:52.240] BOC Commissioner Ariel F. Nepomuceno** (asr-002603)  
that are supposed to be going to be destroyed.

**[02:23:54.880] BOC Commissioner Ariel F. Nepomuceno** (asr-002604)  
Nandun po yung temptation

**[02:23:56.660] BOC Commissioner Ariel F. Nepomuceno** (asr-002605)  
na we have received

**[02:23:59.240] BOC Commissioner Ariel F. Nepomuceno** (asr-002606)  
reports that

**[02:24:00.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002607)  
in the past, of course, with your respect

**[02:24:02.640] BOC Commissioner Ariel F. Nepomuceno** (asr-002608)  
for the leaders of the BOC

**[02:24:05.020] BOC Commissioner Ariel F. Nepomuceno** (asr-002609)  
in the past, nangyayari daw po yung

**[02:24:07.520] BOC Commissioner Ariel F. Nepomuceno** (asr-002610)  
sa halit na sirain

**[02:24:09.080] BOC Commissioner Ariel F. Nepomuceno** (asr-002611)  
ay mapupunta po ulit sa merkado.

**[02:24:11.340] BOC Commissioner Ariel F. Nepomuceno** (asr-002612)  
This is why we became very strict on this.

**[02:24:13.980] BOC Commissioner Ariel F. Nepomuceno** (asr-002613)  
We have, for example,

**[02:24:15.880] BOC Commissioner Ariel F. Nepomuceno** (asr-002614)  
instructed that

**[02:24:16.720] BOC Commissioner Ariel F. Nepomuceno** (asr-002615)  
once these activities will be done,

**[02:24:18.780] BOC Commissioner Ariel F. Nepomuceno** (asr-002616)  
dapat meron pong body cameras

**[02:24:20.440] BOC Commissioner Ariel F. Nepomuceno** (asr-002617)  
and then in the area where this will be

**[02:24:23.000] BOC Commissioner Ariel F. Nepomuceno** (asr-002618)  
destroyed, meron pong

**[02:24:24.720] BOC Commissioner Ariel F. Nepomuceno** (asr-002619)  
mga mobile CCTVs

**[02:24:26.640] BOC Commissioner Ariel F. Nepomuceno** (asr-002620)  
ensuring that there will be

**[02:24:28.640] BOC Commissioner Ariel F. Nepomuceno** (asr-002621)  
no leakages or

**[02:24:29.860] BOC Commissioner Ariel F. Nepomuceno** (asr-002622)  
those that will be supposed to be

**[02:24:32.620] BOC Commissioner Ariel F. Nepomuceno** (asr-002623)  
destroyed will not end up in the market.

**[02:24:35.080] BOC Commissioner Ariel F. Nepomuceno** (asr-002624)  
This is the reason why

**[02:24:36.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002625)  
immediately I ordered yesterday

**[02:24:38.280] BOC Commissioner Ariel F. Nepomuceno** (asr-002626)  
to

**[02:24:39.280] BOC Commissioner Ariel F. Nepomuceno** (asr-002627)  
let those who are supposed to be

**[02:24:42.820] BOC Commissioner Ariel F. Nepomuceno** (asr-002628)  
responsible in ensuring

**[02:24:44.540] BOC Commissioner Ariel F. Nepomuceno** (asr-002629)  
that there will be no infraction

**[02:24:46.560] BOC Commissioner Ariel F. Nepomuceno** (asr-002630)  
or a mistake

**[02:24:48.680] BOC Commissioner Ariel F. Nepomuceno** (asr-002631)  
in the operations

**[02:24:50.760] BOC Commissioner Ariel F. Nepomuceno** (asr-002632)  
magpapaliwanag sila.

**[02:24:52.480] BOC Commissioner Ariel F. Nepomuceno** (asr-002633)  
And we have already relieved some officers'

**[02:24:54.720] BOC Commissioner Ariel F. Nepomuceno** (asr-002634)  
in the area and

**[02:24:56.300] BOC Commissioner Ariel F. Nepomuceno** (asr-002635)  
hindi lang po

**[02:24:58.640] BOC Commissioner Ariel F. Nepomuceno** (asr-002636)  
heads with us. We will really

**[02:24:59.960] BOC Commissioner Ariel F. Nepomuceno** (asr-002637)  
sue them in court kung sakasakali

**[02:25:02.400] BOC Commissioner Ariel F. Nepomuceno** (asr-002638)  
because may continuing smuggling

**[02:25:04.800] BOC Commissioner Ariel F. Nepomuceno** (asr-002639)  
aspect po yan. Once we are able to prove

**[02:25:06.940] BOC Commissioner Ariel F. Nepomuceno** (asr-002640)  
that indeed there are

**[02:25:08.660] BOC Commissioner Ariel F. Nepomuceno** (asr-002641)  
infractions, not only by the

**[02:25:10.500] BOC Commissioner Ariel F. Nepomuceno** (asr-002642)  
personnel of BOC, but including

**[02:25:12.700] BOC Commissioner Ariel F. Nepomuceno** (asr-002643)  
yung may-ari at operator

**[02:25:14.520] BOC Commissioner Ariel F. Nepomuceno** (asr-002644)  
ng condemnation facility, we will charge

**[02:25:16.560] BOC Commissioner Ariel F. Nepomuceno** (asr-002645)  
them with our existing

**[02:25:18.460] BOC Commissioner Ariel F. Nepomuceno** (asr-002646)  
CMTA for possible

**[02:25:20.260] BOC Commissioner Ariel F. Nepomuceno** (asr-002647)  
smuggling violation. Kasama po yan.

**[02:25:22.360] BOC Commissioner Ariel F. Nepomuceno** (asr-002648)  
Ang smuggling di po literal lang po yan

**[02:25:24.460] BOC Commissioner Ariel F. Nepomuceno** (asr-002649)  
na pagpasok sa pier. Hanggang sa

**[02:25:26.460] BOC Commissioner Ariel F. Nepomuceno** (asr-002650)  
rendering, pwede po yan

**[02:25:27.860] BOC Commissioner Ariel F. Nepomuceno** (asr-002651)  
isama sa anti-smuggling

**[02:25:30.000] BOC Commissioner Ariel F. Nepomuceno** (asr-002652)  
violation po.

**[02:25:31.880] Senator Joel Villanueva** (asr-002653)  
Will it fall also under economic

**[02:25:34.140] Senator Joel Villanueva** (asr-002654)  
sabotage?

**[02:25:35.120] BOC Commissioner Ariel F. Nepomuceno** (asr-002654-split-2)  
In this case po, hindi

**[02:25:36.380] BOC Commissioner Ariel F. Nepomuceno** (asr-002655)  
ho kasi 7 million lang po yung

**[02:25:38.100] BOC Commissioner Ariel F. Nepomuceno** (asr-002656)  
value. It's less than the threshold

**[02:25:40.300] BOC Commissioner Ariel F. Nepomuceno** (asr-002657)  
of 10 million.

**[02:25:41.940] Senator Joel Villanueva** (asr-002658)  
This particular

**[02:25:44.380] Senator Joel Villanueva** (asr-002659)  
matter, right now

**[02:25:46.620] Senator Joel Villanueva** (asr-002660)  
you have

**[02:25:47.920] Senator Joel Villanueva** (asr-002661)  
do you

**[02:25:50.300] Senator Joel Villanueva** (asr-002662)  
have condemnation facilities?

**[02:25:53.980] Senator Joel Villanueva** (asr-002663)  
Gaano ka

**[02:25:54.460] Senator Joel Villanueva** (asr-002664)  
baki? Gaano kadami

**[02:25:56.500] Senator Joel Villanueva** (asr-002665)  
yung kailangan?

**[02:25:58.220] Senator Joel Villanueva** (asr-002666)  
I mean, I'm just trying to

**[02:26:00.000] Senator Joel Villanueva** (asr-002667)  
think of how I could

**[02:26:02.320] Senator Joel Villanueva** (asr-002668)  
be of help in any way. I remember the late

**[02:26:04.600] Senator Joel Villanueva** (asr-002669)  
Bayani Fernando

**[02:26:06.800] Senator Joel Villanueva** (asr-002670)  
nung MMDA siya

**[02:26:08.560] Senator Joel Villanueva** (asr-002671)  
brother. Sabi niya,

**[02:26:10.520] Senator Joel Villanueva** (asr-002672)  
tinanong ko siya nung one time, sabi ko

**[02:26:12.220] Senator Joel Villanueva** (asr-002673)  
bakit pagka yung hinuli mo,

**[02:26:14.460] Senator Joel Villanueva** (asr-002674)  
nilalagyan mo ng gasolina, tapos sinisigaan mo

**[02:26:16.440] Senator Joel Villanueva** (asr-002675)  
na agad. Ang sabi niya sa akin,

**[02:26:18.280] Senator Joel Villanueva** (asr-002676)  
kasi yung mismong mga tauhan ko,

**[02:26:20.100] Senator Joel Villanueva** (asr-002677)  
pag hinuli yan, kinuha

**[02:26:22.000] Senator Joel Villanueva** (asr-002678)  
yung gamit, bebenta pa

**[02:26:24.300] Senator Joel Villanueva** (asr-002679)  
or magkakaroon pa ng pag-iisip.

**[02:26:26.060] Senator Joel Villanueva** (asr-002680)  
Kaya, di ba hali ng masayang,

**[02:26:27.920] Senator Joel Villanueva** (asr-002681)  
nilalagyan ko na ng gasolina, sinusindihan

**[02:26:30.380] Senator Joel Villanueva** (asr-002682)  
ko na agad. So,

**[02:26:31.780] Senator Joel Villanueva** (asr-002683)  
importante po yung

**[02:26:33.980] Senator Joel Villanueva** (asr-002684)  
condemnation facilities and

**[02:26:35.680] Senator Joel Villanueva** (asr-002685)  
yun nga, yung question ko,

**[02:26:38.220] Senator Joel Villanueva** (asr-002686)  
ilan, meron, gaano kalaki?

**[02:26:40.620] Senator Joel Villanueva** (asr-002687)  
And then, yung percentage

**[02:26:42.100] Senator Joel Villanueva** (asr-002688)  
wise, ilan yung

**[02:26:43.580] Senator Joel Villanueva** (asr-002689)  
private condemnation

**[02:26:46.660] Senator Joel Villanueva** (asr-002690)  
entity

**[02:26:48.060] Senator Joel Villanueva** (asr-002691)  
na kapartner

**[02:26:50.000] Senator Joel Villanueva** (asr-002692)  
po ninyo?

**[02:26:50.580] Senator Joel Villanueva** (asr-002693)  
And what?

**[02:26:54.300] Senator Joel Villanueva** (asr-002694)  
What's their interest na

**[02:26:56.400] Senator Joel Villanueva** (asr-002695)  
may makukuha ba sila doon sa

**[02:26:58.860] Senator Joel Villanueva** (asr-002696)  
I don't understand really,

**[02:27:00.680] Senator Joel Villanueva** (asr-002697)  
I'm being very honest here.

**[02:27:03.380] DOF Secretary Frederick D. Go** (asr-002698)  
Mr. Chair, if I may,

**[02:27:04.980] DOF Secretary Frederick D. Go** (asr-002699)  
before I pass the

**[02:27:06.560] DOF Secretary Frederick D. Go** (asr-002700)  
floor back to

**[02:27:08.500] DOF Secretary Frederick D. Go** (asr-002701)  
Commissioner Ariel Napumuseno,

**[02:27:10.840] DOF Secretary Frederick D. Go** (asr-002702)  
Mr. Senator, you're the second senator

**[02:27:12.800] DOF Secretary Frederick D. Go** (asr-002703)  
this afternoon

**[02:27:13.700] DOF Secretary Frederick D. Go** (asr-002704)  
who brought up this issue.

**[02:27:16.620] DOF Secretary Frederick D. Go** (asr-002705)  
So, I will repeat our ask.

**[02:27:18.640] DOF Secretary Frederick D. Go** (asr-002706)  
That was in the original budget

**[02:27:20.760] DOF Secretary Frederick D. Go** (asr-002707)  
request of the Bureau of Customs.

**[02:27:23.380] DOF Secretary Frederick D. Go** (asr-002708)  
A small budget,

**[02:27:24.300] DOF Secretary Frederick D. Go** (asr-002709)  
to build our own condemnation

**[02:27:26.240] DOF Secretary Frederick D. Go** (asr-002710)  
facilities. But it was removed

**[02:27:28.500] DOF Secretary Frederick D. Go** (asr-002711)  
from the NEP. So, it's part of

**[02:27:30.480] DOF Secretary Frederick D. Go** (asr-002712)  
our ask that the Senate

**[02:27:31.900] DOF Secretary Frederick D. Go** (asr-002713)  
consider restoring that line item.

**[02:27:34.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002714)  
For the record, how much will it cost?

**[02:27:38.440] DOF Secretary Frederick D. Go** (asr-002715)  
So, it was there from the very beginning.

**[02:27:40.640] DOF Secretary Frederick D. Go** (asr-002716)  
Two hundred, just two hundred

**[02:27:42.260] DOF Secretary Frederick D. Go** (asr-002717)  
forty-one million.

**[02:27:44.020] DOF Secretary Frederick D. Go** (asr-002718)  
Just two hundred forty-one point eight million.

**[02:27:46.940] DOF Secretary Frederick D. Go** (asr-002719)  
And then, a provision for

**[02:27:48.660] DOF Secretary Frederick D. Go** (asr-002720)  
condemning of three hundred

**[02:27:50.500] DOF Secretary Frederick D. Go** (asr-002721)  
eighty million. So, two forty

**[02:27:52.700] DOF Secretary Frederick D. Go** (asr-002722)  
plus three eighty. So,

**[02:27:54.300] DOF Secretary Frederick D. Go** (asr-002723)  
six hundred thirty. Twenty million.

**[02:27:56.460] Senator Joel Villanueva** (asr-002724)  
And this will be in Metro Manila.

**[02:27:59.860] Senator Joel Villanueva** (asr-002725)  
May lugar na po.

**[02:28:01.160] BOC Commissioner Ariel F. Nepomuceno** (asr-002726)  
Opo. Again, the quick answer

**[02:28:03.000] BOC Commissioner Ariel F. Nepomuceno** (asr-002727)  
is nasagod na po ni

**[02:28:04.120] BOC Commissioner Ariel F. Nepomuceno** (asr-002728)  
Secretary Fredrick. Wala pong

**[02:28:06.320] BOC Commissioner Ariel F. Nepomuceno** (asr-002729)  
sariling condemnation facility ang BOC

**[02:28:08.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002730)  
for the longest time. At wala rin ho kaming

**[02:28:10.340] BOC Commissioner Ariel F. Nepomuceno** (asr-002731)  
budget to finance the condemnation

**[02:28:12.480] BOC Commissioner Ariel F. Nepomuceno** (asr-002732)  
to be done by the private sector.

**[02:28:14.880] BOC Commissioner Ariel F. Nepomuceno** (asr-002733)  
More than twenty po yung mga accredited.

**[02:28:17.680] BOC Commissioner Ariel F. Nepomuceno** (asr-002734)  
But I might,

**[02:28:18.840] BOC Commissioner Ariel F. Nepomuceno** (asr-002735)  
I will have the exact, ano.

**[02:28:20.840] BOC Commissioner Ariel F. Nepomuceno** (asr-002736)  
Wala pong condemnation

**[02:28:22.480] BOC Commissioner Ariel F. Nepomuceno** (asr-002737)  
facility ang BOC.

**[02:28:24.300] BOC Commissioner Ariel F. Nepomuceno** (asr-002738)  
And this has been, again,

**[02:28:26.160] BOC Commissioner Ariel F. Nepomuceno** (asr-002739)  
originally requested in our

**[02:28:28.040] BOC Commissioner Ariel F. Nepomuceno** (asr-002740)  
budget, pero na-strike out.

**[02:28:29.860] Senator Joel Villanueva** (asr-002741)  
I don't know if it's the BOC in the world or in this

**[02:28:32.440] Senator Joel Villanueva** (asr-002742)  
region. Nawala pong

**[02:28:34.580] Senator Joel Villanueva** (asr-002743)  
condemnation facility. It's the first time

**[02:28:36.540] Senator Joel Villanueva** (asr-002744)  
I'm hearing this. That's why I'm surprised.

**[02:28:38.540] BOC Commissioner Ariel F. Nepomuceno** (asr-002745)  
At least po dun sa

**[02:28:39.660] BOC Commissioner Ariel F. Nepomuceno** (asr-002746)  
ASEAN countries po.

**[02:28:42.140] BOC Commissioner Ariel F. Nepomuceno** (asr-002747)  
Kasi we did our benchmarking.

**[02:28:44.440] BOC Commissioner Ariel F. Nepomuceno** (asr-002748)  
So, we really found out that

**[02:28:46.300] BOC Commissioner Ariel F. Nepomuceno** (asr-002749)  
this is one handicap that we have to address.

**[02:28:48.440] Senator Joel Villanueva** (asr-002750)  
Anyway, I will not belabor the issue.

**[02:28:49.960] Senator Joel Villanueva** (asr-002751)  
Thank you, Kababayan

**[02:28:51.720] Senator Joel Villanueva** (asr-002752)  
Commissioner. And I

**[02:28:54.100] Senator Joel Villanueva** (asr-002753)  
will support, Mr. Chairman, put it

**[02:28:55.960] Senator Joel Villanueva** (asr-002754)  
in the record that I will support the

**[02:28:57.940] Senator Joel Villanueva** (asr-002755)  
establishment of

**[02:28:59.940] Senator Joel Villanueva** (asr-002756)  
our very own

**[02:29:01.340] Senator Joel Villanueva** (asr-002757)  
condemnation facility, Mr. Chairman.

**[02:29:03.900] Senator Joel Villanueva** (asr-002758)  
I think it's about time. And

**[02:29:05.360] Senator Joel Villanueva** (asr-002759)  
ang chairman natin, mahilig sa mga legacy

**[02:29:07.960] Senator Joel Villanueva** (asr-002760)  
projects. I think this is one of them. Thank you,

**[02:29:10.080] Senator Joel Villanueva** (asr-002761)  
Mr. Chairman.

**[02:29:10.730] Senator Joseph Victor "JV" G. Ejercito** (asr-002761-split-2)  
Thank you, Senator Villanueva.

**[02:29:13.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002762)  
In connection with,

**[02:29:14.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002763)  
ano, doon na rin sa Bulacan. Kasi

**[02:29:15.820] Senator Joseph Victor "JV" G. Ejercito** (asr-002764)  
nagkaroon tayo, ano, before we go

**[02:29:17.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002765)  
back to create more.

**[02:29:19.600] Senator Joseph Victor "JV" G. Ejercito** (asr-002766)  
Dito sa NJWEL, tungkol dun sa

**[02:29:21.280] Senator Joseph Victor "JV" G. Ejercito** (asr-002767)  
nagkaroon ng, ito,

**[02:29:24.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002768)  
incident.

**[02:29:26.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002769)  
Yung dalawang, where two

**[02:29:28.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002770)  
custom staff were caught in the entrapment

**[02:29:29.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002771)  
operation allegedly trying to resell

**[02:29:31.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002772)  
225 boxes of

**[02:29:34.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002773)  
sea-smuggled cigarettes. For destruction

**[02:29:36.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002774)  
din, no? Is this, was this

**[02:29:38.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002775)  
also for your destruction?

**[02:29:40.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002776)  
Alam ko, ito yung, ano eh, nagkaroon ng, ano,

**[02:29:41.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002777)  
with HPG. Ayaw naman natin

**[02:29:44.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002778)  
palaki ng away nyo.

**[02:29:45.820] Senator Joseph Victor "JV" G. Ejercito** (asr-002779)  
I know that you will just deal with it, no?

**[02:29:48.360] Senator Joseph Victor "JV" G. Ejercito** (asr-002780)  
Among yourselves. And I

**[02:29:49.420] Senator Joseph Victor "JV" G. Ejercito** (asr-002781)  
know that Commissioner Ariel already

**[02:29:51.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002782)  
ano, I think,

**[02:29:54.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002783)  
fired or disciplined already

**[02:29:56.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002784)  
these two custom staff. Any

**[02:29:58.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002785)  
update po rito? These were smuggled

**[02:30:00.000] Senator Joseph Victor "JV" G. Ejercito** (asr-002786)  
cigarettes supposedly for

**[02:30:01.220] Senator Joseph Victor "JV" G. Ejercito** (asr-002787)  
distraction and they wanted to resell.

**[02:30:03.800] Senator Joseph Victor "JV" G. Ejercito** (asr-002788)  
Ano ba nangyari dito?

**[02:30:06.080] BOC Commissioner Ariel F. Nepomuceno** (asr-002789)  
Meron pong mga

**[02:30:07.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002790)  
subik na naman po ulit. That's why we are

**[02:30:09.900] BOC Commissioner Ariel F. Nepomuceno** (asr-002791)  
overhauling our

**[02:30:11.380] BOC Commissioner Ariel F. Nepomuceno** (asr-002792)  
organization in

**[02:30:14.040] BOC Commissioner Ariel F. Nepomuceno** (asr-002793)  
subik. So there were cigarettes

**[02:30:16.140] BOC Commissioner Ariel F. Nepomuceno** (asr-002794)  
that were apprehended in subik

**[02:30:17.980] BOC Commissioner Ariel F. Nepomuceno** (asr-002795)  
and then ganoon din po kagaya doon sa

**[02:30:19.960] BOC Commissioner Ariel F. Nepomuceno** (asr-002796)  
unang kaso. Dapat sisirain

**[02:30:21.900] BOC Commissioner Ariel F. Nepomuceno** (asr-002797)  
ito sa condemnation facility sa

**[02:30:23.920] BOC Commissioner Ariel F. Nepomuceno** (asr-002798)  
Bulacan. It's a Legox

**[02:30:25.620] BOC Commissioner Ariel F. Nepomuceno** (asr-002799)  
C88 condemnation.

**[02:30:28.020] BOC Commissioner Ariel F. Nepomuceno** (asr-002800)  
Kaya lang nagkaroon po ng

**[02:30:29.400] BOC Commissioner Ariel F. Nepomuceno** (asr-002801)  
issue, ang unahong

**[02:30:32.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002802)  
issue na nirace po namin

**[02:30:34.140] BOC Commissioner Ariel F. Nepomuceno** (asr-002803)  
in the condemnation

**[02:30:35.960] BOC Commissioner Ariel F. Nepomuceno** (asr-002804)  
area wherein our people

**[02:30:38.060] BOC Commissioner Ariel F. Nepomuceno** (asr-002805)  
were doing their job. May mga

**[02:30:39.780] BOC Commissioner Ariel F. Nepomuceno** (asr-002806)  
body cameras naman po yan, Mr. Chair.

**[02:30:42.680] BOC Commissioner Ariel F. Nepomuceno** (asr-002807)  
Dumating po yung HPG

**[02:30:43.940] BOC Commissioner Ariel F. Nepomuceno** (asr-002808)  
doon and then ang

**[02:30:45.200] BOC Commissioner Ariel F. Nepomuceno** (asr-002809)  
inareklamo ko lang naman po was

**[02:30:47.520] BOC Commissioner Ariel F. Nepomuceno** (asr-002810)  
yung respeto supposed to be

**[02:30:51.900] BOC Commissioner Ariel F. Nepomuceno** (asr-002811)  
accorded to a fellow agency

**[02:30:53.580] BOC Commissioner Ariel F. Nepomuceno** (asr-002812)  
kasi pinataas yung kamay ng mga taga BOC

**[02:30:55.960] BOC Commissioner Ariel F. Nepomuceno** (asr-002813)  
naka-ID naman yung aking mga

**[02:30:57.780] BOC Commissioner Ariel F. Nepomuceno** (asr-002814)  
tauan, may uniforme, may

**[02:30:59.300] BOC Commissioner Ariel F. Nepomuceno** (asr-002815)  
mission order that I signed. At

**[02:31:01.280] BOC Commissioner Ariel F. Nepomuceno** (asr-002816)  
nandun din ang mga taga Department of Agriculture.

**[02:31:04.060] BOC Commissioner Ariel F. Nepomuceno** (asr-002817)  
So yun lang naman yung

**[02:31:05.260] BOC Commissioner Ariel F. Nepomuceno** (asr-002818)  
aking puna sa simula. Kung

**[02:31:07.240] BOC Commissioner Ariel F. Nepomuceno** (asr-002819)  
bakit naman kailangan pang kapkapan,

**[02:31:09.640] BOC Commissioner Ariel F. Nepomuceno** (asr-002820)  
kunin yung cellphone. Hindi po

**[02:31:11.420] BOC Commissioner Ariel F. Nepomuceno** (asr-002821)  
tama yan sa KAPA agency. But

**[02:31:13.040] BOC Commissioner Ariel F. Nepomuceno** (asr-002822)  
what I've done so far, para

**[02:31:15.200] BOC Commissioner Ariel F. Nepomuceno** (asr-002823)  
wag hun lumala yung

**[02:31:16.640] BOC Commissioner Ariel F. Nepomuceno** (asr-002824)  
posibleng parang pag-aaway

**[02:31:19.400] BOC Commissioner Ariel F. Nepomuceno** (asr-002825)  
ng HPG at ng Bureau of Customs,

**[02:31:21.880] BOC Commissioner Ariel F. Nepomuceno** (asr-002826)  
itinagkatiwala ko na po to

**[02:31:23.380] BOC Commissioner Ariel F. Nepomuceno** (asr-002827)  
officially sa pamunuan ng

**[02:31:25.320] BOC Commissioner Ariel F. Nepomuceno** (asr-002828)  
Philippine National Police dahil kaibigan ko naman po

**[02:31:27.460] BOC Commissioner Ariel F. Nepomuceno** (asr-002829)  
si General Nartates at si

**[02:31:29.140] BOC Commissioner Ariel F. Nepomuceno** (asr-002830)  
Secretary John D. Cremulia ang usapan namin,

**[02:31:31.820] BOC Commissioner Ariel F. Nepomuceno** (asr-002831)  
we will just have to trust them

**[02:31:33.540] BOC Commissioner Ariel F. Nepomuceno** (asr-002832)  
on their ongoing, with their own

**[02:31:35.500] BOC Commissioner Ariel F. Nepomuceno** (asr-002833)  
investigation. So we will wait.

**[02:31:38.100] BOC Commissioner Ariel F. Nepomuceno** (asr-002834)  
But I assure...

**[02:31:39.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002835)  
They're already investigating the matter already.

**[02:31:41.160] BOC Commissioner Ariel F. Nepomuceno** (asr-002836)  
Ongoing po.

**[02:31:42.620] Senator Joseph Victor "JV" G. Ejercito** (asr-002837)  
Saka kapag takalang, what is HPG

**[02:31:45.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002838)  
doing? What do they have to do?

**[02:31:47.340] Senator Joseph Victor "JV" G. Ejercito** (asr-002839)  
Something with the smuggling,

**[02:31:49.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002840)  
diba? Or destruction.

**[02:31:51.800] Senator Joseph Victor "JV" G. Ejercito** (asr-002841)  
I should have asked this

**[02:31:52.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002842)  
during the DALG hearing, but

**[02:31:54.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002843)  
we'll do again probably during the plenary.

**[02:31:58.020] BOC Commissioner Ariel F. Nepomuceno** (asr-002844)  
Nire-relieve na rin po.

**[02:31:59.140] BOC Commissioner Ariel F. Nepomuceno** (asr-002845)  
Ito rin po ng PNP

**[02:32:00.480] BOC Commissioner Ariel F. Nepomuceno** (asr-002846)  
ang pamunuan po ng HPG.

**[02:32:01.800] Senator Joseph Victor "JV" G. Ejercito** (asr-002847)  
Those concerned, ilan yung? Walo yata yun?

**[02:32:04.600] BOC Commissioner Ariel F. Nepomuceno** (asr-002848)  
Hindi ako po sure. Ilan po yung tinanggal po na?

**[02:32:07.260] BOC Commissioner Ariel F. Nepomuceno** (asr-002849)  
Including the top brass po ng

**[02:32:08.920] BOC Commissioner Ariel F. Nepomuceno** (asr-002850)  
HPG. And we appreciate.

**[02:32:11.220] BOC Commissioner Ariel F. Nepomuceno** (asr-002851)  
In fact, last Monday po,

**[02:32:13.080] BOC Commissioner Ariel F. Nepomuceno** (asr-002852)  
the new chief of the

**[02:32:15.040] BOC Commissioner Ariel F. Nepomuceno** (asr-002853)  
Highway Patrol Group visited

**[02:32:17.000] BOC Commissioner Ariel F. Nepomuceno** (asr-002854)  
us and joined us in our flag ceremony

**[02:32:18.940] BOC Commissioner Ariel F. Nepomuceno** (asr-002855)  
to show that we have no problem with each

**[02:32:21.100] BOC Commissioner Ariel F. Nepomuceno** (asr-002856)  
other and that we are committed.

**[02:32:22.700] BOC Commissioner Ariel F. Nepomuceno** (asr-002857)  
About the concerned BOC personnel?

**[02:32:24.860] BOC Commissioner Ariel F. Nepomuceno** (asr-002858)  
Under investigation na rin po namin yun.

**[02:32:27.320] BOC Commissioner Ariel F. Nepomuceno** (asr-002859)  
Again, we're doing parallel

**[02:32:29.020] BOC Commissioner Ariel F. Nepomuceno** (asr-002860)  
investigation, but insofar as the

**[02:32:31.340] BOC Commissioner Ariel F. Nepomuceno** (asr-002861)  
commotion

**[02:32:33.120] BOC Commissioner Ariel F. Nepomuceno** (asr-002862)  
dun po sa pagpapatas ng kamay,

**[02:32:34.860] BOC Commissioner Ariel F. Nepomuceno** (asr-002863)  
et cetera, I trust the PNP

**[02:32:36.360] BOC Commissioner Ariel F. Nepomuceno** (asr-002864)  
that they're also doing their investigation

**[02:32:38.720] BOC Commissioner Ariel F. Nepomuceno** (asr-002865)  
properly.

**[02:32:42.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002866)  
Well, I know that

**[02:32:44.060] Senator Joseph Victor "JV" G. Ejercito** (asr-002867)  
Com. Ariel, you would not

**[02:32:45.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002868)  
tolerate this. I'd like to

**[02:32:48.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002869)  
thank you also for acting very

**[02:32:50.160] Senator Joseph Victor "JV" G. Ejercito** (asr-002870)  
fast. Yun pong

**[02:32:51.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002871)  
I brought out this

**[02:32:54.280] Senator Joseph Victor "JV" G. Ejercito** (asr-002872)  
issue in our radio program

**[02:32:56.480] Senator Joseph Victor "JV" G. Ejercito** (asr-002873)  
with Ombudsman, yun toko sa

**[02:32:57.980] Senator Joseph Victor "JV" G. Ejercito** (asr-002874)  
CIS.

**[02:32:59.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002875)  
Na nag-aabuso.

**[02:33:01.240] Senator Joseph Victor "JV" G. Ejercito** (asr-002876)  
And umaksyon kagad kayo.

**[02:33:03.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002877)  
And I think he was already relieved

**[02:33:05.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002878)  
already, yung head ng CIS

**[02:33:07.200] Senator Joseph Victor "JV" G. Ejercito** (asr-002879)  
and as well the other

**[02:33:09.520] Senator Joseph Victor "JV" G. Ejercito** (asr-002880)  
personnel who were involved.

**[02:33:11.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002881)  
Medyo marami na rin kasi siyang

**[02:33:12.740] Senator Joseph Victor "JV" G. Ejercito** (asr-002882)  
controversy eh.

**[02:33:13.640] BOC Commissioner Ariel F. Nepomuceno** (asr-002882-split-2)  
Agad naman po na

**[02:33:14.920] BOC Commissioner Ariel F. Nepomuceno** (asr-002883)  
pirmam po with the support of Secretary

**[02:33:16.740] BOC Commissioner Ariel F. Nepomuceno** (asr-002884)  
Frederick, napalitan na po namin yung

**[02:33:18.520] BOC Commissioner Ariel F. Nepomuceno** (asr-002885)  
pinuno po.

**[02:33:20.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002886)  
Sabi ko nga kasi,

**[02:33:21.540] Senator Joseph Victor "JV" G. Ejercito** (asr-002887)  
Commissioner Arnel,

**[02:33:24.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002888)  
we trust him, even during the radio

**[02:33:26.520] Senator Joseph Victor "JV" G. Ejercito** (asr-002889)  
program. I think he's a man of integrity.

**[02:33:28.500] Senator Joseph Victor "JV" G. Ejercito** (asr-002890)  
Problema,

**[02:33:29.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002891)  
some depcoms,

**[02:33:31.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002892)  
some directors and collectors, probably

**[02:33:32.980] Senator Joseph Victor "JV" G. Ejercito** (asr-002893)  
are abusing his

**[02:33:34.300] Senator Joseph Victor "JV" G. Ejercito** (asr-002894)  
being a nice person, a good

**[02:33:36.960] Senator Joseph Victor "JV" G. Ejercito** (asr-002895)  
person. Baka may nag-aano. Minsan,

**[02:33:38.740] Senator Joseph Victor "JV" G. Ejercito** (asr-002896)  
pag masyado ka mabait, ano eh,

**[02:33:40.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002897)  
inaabuso ka, di ba?

**[02:33:43.760] Senator Joseph Victor "JV" G. Ejercito** (asr-002898)  
Hindi lang kinukuha kagad,

**[02:33:45.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002899)  
pero minsan inaabuso ka rin.

**[02:33:47.200] Senator Joseph Victor "JV" G. Ejercito** (asr-002900)  
So yun lang yung sinabi ko kay

**[02:33:48.760] Senator Joseph Victor "JV" G. Ejercito** (asr-002901)  
Com. Ariel during that time. But he acted already

**[02:33:51.060] Senator Joseph Victor "JV" G. Ejercito** (asr-002902)  
on this issue.

**[02:33:53.240] Senator Joseph Victor "JV" G. Ejercito** (asr-002903)  
Maraming salamat sa pag-action

**[02:33:55.220] Senator Joseph Victor "JV" G. Ejercito** (asr-002904)  
kagad. Because you do not want

**[02:33:57.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002905)  
these people, these rogues,

**[02:33:59.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002906)  
these misfits

**[02:34:00.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002907)  
to bring you down. Kasi maayos

**[02:34:02.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002908)  
ka tao, bihira ang ganito. Especially with

**[02:34:04.960] Senator Joseph Victor "JV" G. Ejercito** (asr-002909)  
BOC, BIR, and all.

**[02:34:07.200] Senator Joseph Victor "JV" G. Ejercito** (asr-002910)  
Lahat kayo maayos. We don't want

**[02:34:09.140] Senator Joseph Victor "JV" G. Ejercito** (asr-002911)  
some bad eggs

**[02:34:10.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002912)  
to pull you down.

**[02:34:13.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002913)  
Before we continue,

**[02:34:15.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002914)  
the Chair would like to

**[02:34:16.380] Senator Joseph Victor "JV" G. Ejercito** (asr-002915)  
recognize the presence of Senator Bongo

**[02:34:18.840] Senator Joseph Victor "JV" G. Ejercito** (asr-002916)  
and Senator Robin Padilla.

**[02:34:20.820] Senator Joseph Victor "JV" G. Ejercito** (asr-002917)  
Thank you, Sir, for joining. I would

**[02:34:22.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002918)  
give you the chance to ask, but I

**[02:34:24.720] Senator Joseph Victor "JV" G. Ejercito** (asr-002919)  
will just finish this para hindi tayo

**[02:34:26.660] Senator Joseph Victor "JV" G. Ejercito** (asr-002920)  
mawala dun sa

**[02:34:28.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002921)  
floor.

**[02:34:29.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002922)  
Yung second sa CreateMore,

**[02:34:33.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002923)  
does the revenue estimate include

**[02:34:34.720] Senator Joseph Victor "JV" G. Ejercito** (asr-002924)  
behavioral responses and

**[02:34:36.780] Senator Joseph Victor "JV" G. Ejercito** (asr-002925)  
the cost of longer or more generous

**[02:34:38.940] Senator Joseph Victor "JV" G. Ejercito** (asr-002926)  
incentives?

**[02:34:43.500] Senator Joseph Victor "JV" G. Ejercito** (asr-002927)  
Yusek,

**[02:34:44.280] Senator Joseph Victor "JV" G. Ejercito** (asr-002928)  
Carlo?

**[02:34:45.100] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002929)  
Mr. Chair, on the revenue program

**[02:34:47.220] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002930)  
which include CreateMore,

**[02:34:48.980] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002931)  
wala po tayong revenue projection

**[02:34:51.100] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002932)  
on the potential tax expenditure

**[02:34:53.260] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002933)  
for new investments.

**[02:34:54.940] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002934)  
Because we cannot project ilan ba yung

**[02:34:56.840] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002935)  
investment that will be attractive

**[02:34:59.020] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002936)  
by CreateMore. So yung nandun po

**[02:35:00.860] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002937)  
na negative are those

**[02:35:02.720] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002938)  
related to RBEs under

**[02:35:04.820] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002939)  
enhanced deduction na lalo po

**[02:35:07.300] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002940)  
natin pinaganda po kasi yung enhanced

**[02:35:08.820] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002941)  
deduction. Yun lang po yung kasama doon na

**[02:35:10.800] DOF Undersecretary Karlo Fermin S. Adriano** (asr-002942)  
revenue estimate.

**[02:35:12.500] Senator Joseph Victor "JV" G. Ejercito** (asr-002943)  
Thank you. Senator Bongo,

**[02:35:16.280] Senator Joseph Victor "JV" G. Ejercito** (asr-002944)  
you may want

**[02:35:16.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002945)  
to ask some questions?

**[02:35:23.040] Senator Christopher Lawrence T. Go** (asr-002946)  
Magandang hapon po sa inyong

**[02:35:24.820] Senator Christopher Lawrence T. Go** (asr-002947)  
lahat. Maybe later na lang po

**[02:35:27.200] Senator Christopher Lawrence T. Go** (asr-002948)  
pasahin ko muna, Mr. Chair.

**[02:35:29.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002949)  
Just let me know,

**[02:35:33.580] Senator Joseph Victor "JV" G. Ejercito** (asr-002950)  
Senator Padilla, Senator Bongo,

**[02:35:35.120] Senator Joseph Victor "JV" G. Ejercito** (asr-002951)  
just in case you may interject

**[02:35:37.400] Senator Joseph Victor "JV" G. Ejercito** (asr-002952)  
anytime.

**[02:35:43.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002953)  
We touched earlier

**[02:35:44.760] Senator Joseph Victor "JV" G. Ejercito** (asr-002954)  
sa mga foreign

**[02:35:47.180] Senator Joseph Victor "JV" G. Ejercito** (asr-002955)  
assisted.

**[02:35:49.100] Senator Joseph Victor "JV" G. Ejercito** (asr-002956)  
Now that the North-South

**[02:35:50.660] Senator Joseph Victor "JV" G. Ejercito** (asr-002957)  
Commuter Railway and Metro Manila Subway

**[02:35:52.880] Senator Joseph Victor "JV" G. Ejercito** (asr-002958)  
system are now in full blast,

**[02:35:55.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002959)  
kasi ang DOF may kinalaman dyan,

**[02:35:56.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002960)  
kasi consider revenue naman,

**[02:35:59.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002961)  
anything with

**[02:35:59.700] Senator Joseph Victor "JV" G. Ejercito** (asr-002962)  
loans?

**[02:36:04.660] Senator Joseph Victor "JV" G. Ejercito** (asr-002963)  
Financing?

**[02:36:05.380] Senator Joseph Victor "JV" G. Ejercito** (asr-002964)  
And then financing,

**[02:36:06.360] Senator Joseph Victor "JV" G. Ejercito** (asr-002965)  
we are also

**[02:36:07.640] Senator Joseph Victor "JV" G. Ejercito** (asr-002966)  
involved.

**[02:36:10.760] Senator Joseph Victor "JV" G. Ejercito** (asr-002967)  
Just a question, kasi yung

**[02:36:12.900] Senator Joseph Victor "JV" G. Ejercito** (asr-002968)  
Mindanao Railway Project

**[02:36:15.080] Senator Joseph Victor "JV" G. Ejercito** (asr-002969)  
and the South Long Haul

**[02:36:16.380] Senator Joseph Victor "JV" G. Ejercito** (asr-002970)  
did not

**[02:36:19.320] Senator Joseph Victor "JV" G. Ejercito** (asr-002971)  
materialize, no?

**[02:36:21.180] Senator Joseph Victor "JV" G. Ejercito** (asr-002972)  
I think it's the Exim Bank. China kasi

**[02:36:23.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002973)  
ito dapat eh. And it

**[02:36:25.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002974)  
was suspended.

**[02:36:29.020] Senator Joseph Victor "JV" G. Ejercito** (asr-002975)  
It remained unfunded under the

**[02:36:31.460] Senator Joseph Victor "JV" G. Ejercito** (asr-002976)  
proposed fiscal year 2027

**[02:36:33.180] Senator Joseph Victor "JV" G. Ejercito** (asr-002977)  
budget of the DOTR, dahil nga

**[02:36:35.360] Senator Joseph Victor "JV" G. Ejercito** (asr-002978)  
meron loan deadlock. But ang

**[02:36:36.860] Senator Joseph Victor "JV" G. Ejercito** (asr-002979)  
ano ko lang dito, kasi sayang

**[02:36:39.260] Senator Joseph Victor "JV" G. Ejercito** (asr-002980)  
naman yung studies, all the studies,

**[02:36:41.740] Senator Joseph Victor "JV" G. Ejercito** (asr-002981)  
right-of-way monitoring,

**[02:36:43.440] Senator Joseph Victor "JV" G. Ejercito** (asr-002982)  
if we do not fund

**[02:36:44.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002983)  
the project management

**[02:36:47.560] Senator Joseph Victor "JV" G. Ejercito** (asr-002984)  
offices at least, kasi nasimulan

**[02:36:49.520] Senator Joseph Victor "JV" G. Ejercito** (asr-002985)  
na ito eh. So,

**[02:36:51.040] Senator Joseph Victor "JV" G. Ejercito** (asr-002986)  
ang question ko na currently, are there any

**[02:36:53.120] Senator Joseph Victor "JV" G. Ejercito** (asr-002987)  
ongoing discussions with potential

**[02:36:54.920] Senator Joseph Victor "JV" G. Ejercito** (asr-002988)  
investors and creditors

**[02:36:57.500] Senator Joseph Victor "JV" G. Ejercito** (asr-002989)  
or is it

**[02:36:58.980] Senator Joseph Victor "JV" G. Ejercito** (asr-002990)  
possible to secure full funding

**[02:37:00.420] Senator Joseph Victor "JV" G. Ejercito** (asr-002991)  
anytime soon?

**[02:37:05.080] DOF Secretary Frederick D. Go** (asr-002992)  
We, Mr. Chair,

**[02:37:06.680] DOF Secretary Frederick D. Go** (asr-002993)  
we have a representative from the

**[02:37:08.560] DOF Secretary Frederick D. Go** (asr-002994)  
finance group of DOF

**[02:37:10.500] DOF Secretary Frederick D. Go** (asr-002995)  
but I think he stepped out

**[02:37:13.000] DOF Secretary Frederick D. Go** (asr-002996)  
but we can ask

**[02:37:15.120] Senator Joseph Victor "JV" G. Ejercito** (asr-002997)  
him to... Yusek Balbosa?

**[02:37:17.300] DOF Secretary Frederick D. Go** (asr-002998)  
Yes, correct.

**[02:37:19.060] Senator Joseph Victor "JV" G. Ejercito** (asr-002999)  
Okay, we just ask him

**[02:37:20.200] Senator Joseph Victor "JV" G. Ejercito** (asr-003000)  
when he returns.

**[02:37:25.540] Senator Joseph Victor "JV" G. Ejercito** (asr-003001)  
Ah, Yusek Balbosa,

**[02:37:26.500] Senator Joseph Victor "JV" G. Ejercito** (asr-003002)  
with regards

**[02:37:28.980] Senator Joseph Victor "JV" G. Ejercito** (asr-003003)  
to major railway

**[02:37:31.120] Senator Joseph Victor "JV" G. Ejercito** (asr-003004)  
projects, the Mindanao Railway

**[02:37:33.060] Senator Joseph Victor "JV" G. Ejercito** (asr-003005)  
Project and the South Long

**[02:37:34.980] Senator Joseph Victor "JV" G. Ejercito** (asr-003006)  
Hole, though it was suspended,

**[02:37:38.080] Senator Joseph Victor "JV" G. Ejercito** (asr-003007)  
it remained

**[02:37:38.840] Senator Joseph Victor "JV" G. Ejercito** (asr-003008)  
unfunded

**[02:37:40.660] Senator Joseph Victor "JV" G. Ejercito** (asr-003009)  
because of

**[02:37:42.860] Senator Joseph Victor "JV" G. Ejercito** (asr-003010)  
loan deadlocks.

**[02:37:44.700] Senator Joseph Victor "JV" G. Ejercito** (asr-003011)  
Are there any ongoing discussions with potential

**[02:37:47.100] Senator Joseph Victor "JV" G. Ejercito** (asr-003012)  
investors or creditors

**[02:37:48.480] Senator Joseph Victor "JV" G. Ejercito** (asr-003013)  
that would possibly

**[02:37:51.000] Senator Joseph Victor "JV" G. Ejercito** (asr-003014)  
take over?

**[02:37:53.780] DOF Undersecretary Joven Z. Balbosa** (asr-003015)  
Yeah, Mr. Chair,

**[02:37:54.900] DOF Undersecretary Joven Z. Balbosa** (asr-003016)  
yes. And

**[02:37:57.020] DOF Undersecretary Joven Z. Balbosa** (asr-003017)  
we are looking at,

**[02:37:58.980] DOF Undersecretary Joven Z. Balbosa** (asr-003018)  
India, for example, interested in the rail

**[02:38:01.080] DOF Undersecretary Joven Z. Balbosa** (asr-003019)  
and others

**[02:38:02.820] DOF Undersecretary Joven Z. Balbosa** (asr-003020)  
supporting. We have also bilaterals

**[02:38:05.080] DOF Undersecretary Joven Z. Balbosa** (asr-003021)  
interested to support

**[02:38:06.700] DOF Undersecretary Joven Z. Balbosa** (asr-003022)  
the preparation or the updating

**[02:38:09.020] DOF Undersecretary Joven Z. Balbosa** (asr-003023)  
of the

**[02:38:09.940] DOF Undersecretary Joven Z. Balbosa** (asr-003024)  
project preparation for

**[02:38:12.580] DOF Undersecretary Joven Z. Balbosa** (asr-003025)  
the railway for Mindanao.

**[02:38:14.800] DOF Undersecretary Joven Z. Balbosa** (asr-003026)  
We are also working with the OTR

**[02:38:16.800] DOF Undersecretary Joven Z. Balbosa** (asr-003027)  
po on

**[02:38:19.080] DOF Undersecretary Joven Z. Balbosa** (asr-003028)  
other lines, improving...

**[02:38:20.780] Senator Joseph Victor "JV" G. Ejercito** (asr-003029)  
Am I correct that during the

**[02:38:22.420] Senator Joseph Victor "JV" G. Ejercito** (asr-003030)  
president's last visit in India, this was

**[02:38:24.660] Senator Joseph Victor "JV" G. Ejercito** (asr-003031)  
also, you were...

**[02:38:26.580] Senator Joseph Victor "JV" G. Ejercito** (asr-003032)  
The OTR said, the secretary said

**[02:38:28.860] Senator Joseph Victor "JV" G. Ejercito** (asr-003033)  
that you were trying to

**[02:38:30.840] Senator Joseph Victor "JV" G. Ejercito** (asr-003034)  
look for,

**[02:38:32.520] Senator Joseph Victor "JV" G. Ejercito** (asr-003035)  
explore the possibility of them taking

**[02:38:34.800] Senator Joseph Victor "JV" G. Ejercito** (asr-003036)  
over South Long Hole or the Mindanao Railway.

**[02:38:37.260] Senator Joseph Victor "JV" G. Ejercito** (asr-003037)  
Yes.

**[02:38:37.420] Senator Joseph Victor "JV" G. Ejercito** (asr-003038)  
Yes.

**[02:38:39.240] DOF Undersecretary Joven Z. Balbosa** (asr-003039)  
It's part of the discussion.

**[02:38:41.020] Senator Joseph Victor "JV" G. Ejercito** (asr-003040)  
Also, just to take note,

**[02:38:43.240] Senator Joseph Victor "JV" G. Ejercito** (asr-003041)  
we had the chance to visit the

**[02:38:44.900] Senator Joseph Victor "JV" G. Ejercito** (asr-003042)  
EU. I think what will be

**[02:38:47.240] Senator Joseph Victor "JV" G. Ejercito** (asr-003043)  
easy to look for are

**[02:38:48.640] Senator Joseph Victor "JV" G. Ejercito** (asr-003044)  
for the ones to

**[02:38:50.580] Senator Joseph Victor "JV" G. Ejercito** (asr-003045)  
take over are

**[02:38:52.160] Senator Joseph Victor "JV" G. Ejercito** (asr-003046)  
those that have

**[02:38:54.400] Senator Joseph Victor "JV" G. Ejercito** (asr-003047)  
experience and yung mga

**[02:38:56.440] Senator Joseph Victor "JV" G. Ejercito** (asr-003048)  
manufacturers.

**[02:38:58.860] Senator Joseph Victor "JV" G. Ejercito** (asr-003049)  
Spain for one or

**[02:39:00.840] Senator Joseph Victor "JV" G. Ejercito** (asr-003050)  
EU. We had the chance

**[02:39:02.900] Senator Joseph Victor "JV" G. Ejercito** (asr-003051)  
to go to

**[02:39:03.980] Senator Joseph Victor "JV" G. Ejercito** (asr-003052)  
Spain a few years ago with then

**[02:39:06.640] Senator Joseph Victor "JV" G. Ejercito** (asr-003053)  
Senate President Big Sobiri and we had

**[02:39:08.380] Senator Joseph Victor "JV" G. Ejercito** (asr-003054)  
we had

**[02:39:09.760] Senator Joseph Victor "JV" G. Ejercito** (asr-003055)  
an audience

**[02:39:12.400] Senator Joseph Victor "JV" G. Ejercito** (asr-003056)  
with the king.

**[02:39:15.160] Senator Joseph Victor "JV" G. Ejercito** (asr-003057)  
King Philip

**[02:39:16.100] Senator Joseph Victor "JV" G. Ejercito** (asr-003058)  
kausap namin and

**[02:39:18.820] Senator Joseph Victor "JV" G. Ejercito** (asr-003059)  
they were interested really to

**[02:39:20.500] Senator Joseph Victor "JV" G. Ejercito** (asr-003060)  
they're looking at the Philippines

**[02:39:22.120] Senator Joseph Victor "JV" G. Ejercito** (asr-003061)  
for sentimental value kasi

**[02:39:24.540] Senator Joseph Victor "JV" G. Ejercito** (asr-003062)  
dati tayong colony and at the same time

**[02:39:26.860] Senator Joseph Victor "JV" G. Ejercito** (asr-003063)  
meron silang, of course, for their

**[02:39:28.780] Senator Joseph Victor "JV" G. Ejercito** (asr-003064)  
business interest, meron silang

**[02:39:31.140] Senator Joseph Victor "JV" G. Ejercito** (asr-003065)  
kafe. I think that's a manufacturer.

**[02:39:33.620] Senator Joseph Victor "JV" G. Ejercito** (asr-003066)  
Locomotive manufacturer, train

**[02:39:34.900] Senator Joseph Victor "JV" G. Ejercito** (asr-003067)  
manufacturer. So, ito yung mga

**[02:39:36.820] Senator Joseph Victor "JV" G. Ejercito** (asr-003068)  
potential. So, Yusek Coven,

**[02:39:39.160] Senator Joseph Victor "JV" G. Ejercito** (asr-003069)  
just for your info,

**[02:39:41.500] Senator Joseph Victor "JV" G. Ejercito** (asr-003070)  
yung Spain might be or Korea

**[02:39:42.980] Senator Joseph Victor "JV" G. Ejercito** (asr-003071)  
or ito sana. Kasi,

**[02:39:44.760] Senator Joseph Victor "JV" G. Ejercito** (asr-003072)  
the more we delay, the more it's more

**[02:39:46.500] Senator Joseph Victor "JV" G. Ejercito** (asr-003073)  
it gets expensive.

**[02:39:49.060] Senator Joseph Victor "JV" G. Ejercito** (asr-003074)  
Diba? Dahil sa depreciation

**[02:39:50.840] Senator Joseph Victor "JV" G. Ejercito** (asr-003075)  
and yung cost ng

**[02:39:52.720] Senator Joseph Victor "JV" G. Ejercito** (asr-003076)  
land and all for the right of way.

**[02:39:58.080] Senator Joseph Victor "JV" G. Ejercito** (asr-003077)  
I feel

**[02:39:58.780] Senator Joseph Victor "JV" G. Ejercito** (asr-003078)  
yung mga questions.

**[02:40:10.820] Senator Joseph Victor "JV" G. Ejercito** (asr-003079)  
Thank you.

**[02:40:28.780] Senator Joseph Victor "JV" G. Ejercito** (asr-003080)  
Just like to ask, I don't know, with the PDIC restoration, does the DOF acknowledge a present policy or financial obligation to restore 107.23 billion taken from PDIC or only an obligation if ordered by the Supreme Court?

**[02:40:47.540] DOF Secretary Frederick D. Go** (asr-003081)  
On PDIC, the DBM has included a 57.

**[02:40:54.540] Senator Joseph Victor "JV" G. Ejercito** (asr-003082)  
Because it's included in the unprogrammed appropriations of the DBM.

**[02:41:01.720] DOF Secretary Frederick D. Go** (asr-003083)  
That's right. It is in the unprogrammed appropriations, 57 billion.

**[02:41:09.640] Senator Joseph Victor "JV" G. Ejercito** (asr-003084)  
Total is 107?

**[02:41:11.780] DOF Secretary Frederick D. Go** (asr-003085)  
110.

**[02:41:14.200] DOF Secretary Frederick D. Go** (asr-003086)  
107? Sorry, 107.

**[02:41:16.340] Senator Joseph Victor "JV" G. Ejercito** (asr-003087)  
107.

**[02:41:24.540] Senator Joseph Victor "JV" G. Ejercito** (asr-003088)  
B.O.C., of course, Mr. Chairman of Finance, I'm concerned with the capital outlay as mentioned by SecDecGoc.

**[02:41:42.360] Senator Joseph Victor "JV" G. Ejercito** (asr-003089)  
Most of the agency's departments have received cuts because of very limited fiscal space and elbow room, na limitado.

**[02:41:51.140] Senator Joseph Victor "JV" G. Ejercito** (asr-003090)  
So for 2025-2026, how many shipments?

**[02:41:54.540] Senator Joseph Victor "JV" G. Ejercito** (asr-003091)  
How many shipments were selected?

**[02:42:00.280] Senator Joseph Victor "JV" G. Ejercito** (asr-003092)  
B.O.C.'s capital outlay is down by 25%.

**[02:42:03.300] Senator Joseph Victor "JV" G. Ejercito** (asr-003093)  
What items are actually affected by this reduction?

**[02:42:07.020] Senator Joseph Victor "JV" G. Ejercito** (asr-003094)  
How will this affect the maintenance and procurement of container x-ray scanners and high-volume ports in Manila?

**[02:42:14.520] Senator Joseph Victor "JV" G. Ejercito** (asr-003095)  
At high-volume ports in Manila.

**[02:42:16.680] Senator Joseph Victor "JV" G. Ejercito** (asr-003096)  
Ano ba kasama rito sa capital outlay that was affected ng budget cut natin?

**[02:42:24.540] BOC Commissioner Ariel F. Nepomuceno** (asr-003097)  
Ang main concern po namin, Mr. Chair, yun pong supposedly bibili po tayo ng mga scanning machines.

**[02:42:36.120] BOC Commissioner Ariel F. Nepomuceno** (asr-003098)  
We have existing machines but they need to be, of course, repaired and replaced some of them.

**[02:42:43.680] BOC Commissioner Ariel F. Nepomuceno** (asr-003099)  
But this is the main item that has been slashed out from our budget.

**[02:42:49.600] BOC Commissioner Ariel F. Nepomuceno** (asr-003100)  
But we have already included that in our list of priorities.

**[02:42:54.540] BOC Commissioner Ariel F. Nepomuceno** (asr-003101)  
The request for the Senate and Congress to reconsider if this can be supported.

**[02:43:00.080] Senator Joseph Victor "JV" G. Ejercito** (asr-003102)  
One of the reasons we have this budget here is yung mga agencies need to appeal to be prioritized or ma-reconsider.

**[02:43:11.080] Senator Joseph Victor "JV" G. Ejercito** (asr-003103)  
What else from the scanners, let us know.

**[02:43:13.940] Senator Joseph Victor "JV" G. Ejercito** (asr-003104)  
Sabi nga natin, because of the limited fiscal space, ano lang, in order of priority, ano yung nasa inyong wish list?

**[02:43:21.420] Senator Joseph Victor "JV" G. Ejercito** (asr-003105)  
Kung baga, ayas.

**[02:43:22.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003106)  
Nag-lista po kami, Mr. Chair.

**[02:43:24.540] BOC Commissioner Ariel F. Nepomuceno** (asr-003107)  
Nag-lista po kami, Mr. Chair, na sampu na sana po ma-reconsider yun po yung nabanggit kanina ni Secretary Frederick Goh na total of 10.14 billion kasama po yung number one, mga procurement po sa ICT, equipment, machinery, yung kagaya po ng x-ray machines.

**[02:43:46.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003108)  
And then yung iba po, kailangan po yung insurance expenses, machinery outlays.

**[02:43:51.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003109)  
At nagre-request din po kami sana ng at least tatlo pong

**[02:43:54.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003110)  
sea vessels. We already have existing sea vessels, pero sira po yung labing siyam po doon sa dalawampu.

**[02:44:04.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003111)  
So kailangan po namin bumili ng tatlo dahil lagi po napupuna po sa ngayon ang BOC kung bakit hindi po natin kayang hulihin yung mga smuggling attempts doon po sa karagatan.

**[02:44:17.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003112)  
Sa ngayon, umaasa lang po tayo, lalo na po sa era ng basulta, umaasa po tayo.

**[02:44:21.640] BOC Commissioner Ariel F. Nepomuceno** (asr-003113)  
Tinutulungan naman po kami ng Philippine Navy.

**[02:44:24.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003114)  
At ang Philippine Coast Guard.

**[02:44:25.920] BOC Commissioner Ariel F. Nepomuceno** (asr-003115)  
Subalit, meron din po silang sariling mandato na kailangan po nilang i-prioritize.

**[02:44:31.920] BOC Commissioner Ariel F. Nepomuceno** (asr-003116)  
Kaya sana magkaroon po kami ng pagkakataon na itaguyod yung sarili naming kakayanan upang magawa po namin yung mission.

**[02:44:39.120] BOC Commissioner Ariel F. Nepomuceno** (asr-003117)  
At pang lima, ganun po yung repair po ng amici vessels.

**[02:44:43.960] BOC Commissioner Ariel F. Nepomuceno** (asr-003118)  
Pang pito, again, insurance expense para dito sa mga vessels na to.

**[02:44:48.900] BOC Commissioner Ariel F. Nepomuceno** (asr-003119)  
At yung pang walo, yun na banggit namin po kanina, ng sarili po nating condemnation facility.

**[02:44:54.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003120)  
Sana.

**[02:44:55.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003121)  
At pang huli, yung mga ibang MOOE expenses para dito.

**[02:45:00.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003122)  
po sa condemnation activities.

**[02:45:02.300] BOC Commissioner Ariel F. Nepomuceno** (asr-003123)  
Mahaba po yung lista po namin.

**[02:45:03.740] BOC Commissioner Ariel F. Nepomuceno** (asr-003124)  
So, balit ito po sana yung

**[02:45:05.320] BOC Commissioner Ariel F. Nepomuceno** (asr-003125)  
prioridad. Dahil from

**[02:45:06.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003126)  
20, from an

**[02:45:08.700] BOC Commissioner Ariel F. Nepomuceno** (asr-003127)  
original request of 29

**[02:45:10.620] BOC Commissioner Ariel F. Nepomuceno** (asr-003128)  
billion, naging 5.9

**[02:45:12.900] BOC Commissioner Ariel F. Nepomuceno** (asr-003129)  
billion po yung aming approved NEP.

**[02:45:16.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003130)  
Medyo

**[02:45:17.260] Senator Joseph Victor "JV" G. Ejercito** (asr-003131)  
malayo po. 24 billion

**[02:45:18.740] Senator Joseph Victor "JV" G. Ejercito** (asr-003132)  
ang variance.

**[02:45:21.040] Senator Joseph Victor "JV" G. Ejercito** (asr-003133)  
Tanong ko lang ulit, any

**[02:45:22.680] Senator Joseph Victor "JV" G. Ejercito** (asr-003134)  
update no? Kumari, I had the chance

**[02:45:24.720] Senator Joseph Victor "JV" G. Ejercito** (asr-003135)  
to visit yung Port of Manila

**[02:45:26.400] Senator Joseph Victor "JV" G. Ejercito** (asr-003136)  
few years ago.

**[02:45:27.360] Senator Joseph Victor "JV" G. Ejercito** (asr-003137)  
Yung pala, yung nasunog yun, ano?

**[02:45:30.780] Senator Joseph Victor "JV" G. Ejercito** (asr-003138)  
Yung main headquarters.

**[02:45:32.360] Senator Joseph Victor "JV" G. Ejercito** (asr-003139)  
And you are, Port of Manila

**[02:45:34.400] Senator Joseph Victor "JV" G. Ejercito** (asr-003140)  
is holding office in

**[02:45:35.840] Senator Joseph Victor "JV" G. Ejercito** (asr-003141)  
temporary office.

**[02:45:38.800] Senator Joseph Victor "JV" G. Ejercito** (asr-003142)  
Basketball court. Hanggang ngayon.

**[02:45:41.060] BOC Commissioner Ariel F. Nepomuceno** (asr-003143)  
Oo. Galing po ako

**[02:45:42.740] BOC Commissioner Ariel F. Nepomuceno** (asr-003144)  
ng Office of Civil Defense. Akala ko po

**[02:45:44.720] BOC Commissioner Ariel F. Nepomuceno** (asr-003145)  
yung Port of Manila, evacuation center

**[02:45:46.860] BOC Commissioner Ariel F. Nepomuceno** (asr-003146)  
din. Yung mga

**[02:45:48.700] BOC Commissioner Ariel F. Nepomuceno** (asr-003147)  
kabli po, tuwing, hindi po

**[02:45:50.580] BOC Commissioner Ariel F. Nepomuceno** (asr-003148)  
kailangan bumagyo. Tuwing nag-high

**[02:45:52.640] BOC Commissioner Ariel F. Nepomuceno** (asr-003149)  
tide, delikado rin po yun.

**[02:45:54.500] BOC Commissioner Ariel F. Nepomuceno** (asr-003150)  
We have to collect billions every day.

**[02:45:56.720] BOC Commissioner Ariel F. Nepomuceno** (asr-003151)  
So once our operations

**[02:45:58.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003152)  
are affected by this

**[02:46:00.080] BOC Commissioner Ariel F. Nepomuceno** (asr-003153)  
flooding.

**[02:46:02.640] Senator Joseph Victor "JV" G. Ejercito** (asr-003154)  
That's near

**[02:46:03.520] Senator Joseph Victor "JV" G. Ejercito** (asr-003155)  
malapit sa Manila, of course.

**[02:46:06.380] Senator Joseph Victor "JV" G. Ejercito** (asr-003156)  
Nando kayo sa

**[02:46:06.860] Senator Joseph Victor "JV" G. Ejercito** (asr-003157)  
Bay Area, no?

**[02:46:10.140] Senator Joseph Victor "JV" G. Ejercito** (asr-003158)  
So pag nag-high tide, pumapasok sa loob.

**[02:46:11.940] BOC Commissioner Ariel F. Nepomuceno** (asr-003159)  
Opo.

**[02:46:13.980] Senator Joseph Victor "JV" G. Ejercito** (asr-003160)  
Danger.

**[02:46:14.900] Senator Joseph Victor "JV" G. Ejercito** (asr-003161)  
That puts the equipment in danger.

**[02:46:18.920] Senator Joseph Victor "JV" G. Ejercito** (asr-003162)  
Lalo na yung ating mga

**[02:46:19.680] Senator Joseph Victor "JV" G. Ejercito** (asr-003163)  
records and all, di ba?

**[02:46:22.300] BOC Commissioner Ariel F. Nepomuceno** (asr-003164)  
Tama po. Yung pong binabanggin nyo po

**[02:46:24.620] BOC Commissioner Ariel F. Nepomuceno** (asr-003165)  
yung Port of Manila building na sunog na po.

**[02:46:26.720] BOC Commissioner Ariel F. Nepomuceno** (asr-003166)  
So what we intend to do

**[02:46:29.480] BOC Commissioner Ariel F. Nepomuceno** (asr-003167)  
is to, of course,

**[02:46:31.500] BOC Commissioner Ariel F. Nepomuceno** (asr-003168)  
meron pong budget naman po doon

**[02:46:33.140] BOC Commissioner Ariel F. Nepomuceno** (asr-003169)  
for this year, for the design

**[02:46:34.760] BOC Commissioner Ariel F. Nepomuceno** (asr-003170)  
of the Port of Manila. Kaya lang po yung

**[02:46:36.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003171)  
kabuuan po yun, the entire complex of the

**[02:46:39.120] BOC Commissioner Ariel F. Nepomuceno** (asr-003172)  
BOC, hindi po kasama.

**[02:46:41.360] BOC Commissioner Ariel F. Nepomuceno** (asr-003173)  
So,

**[02:46:41.900] BOC Commissioner Ariel F. Nepomuceno** (asr-003174)  
we are actually transferring

**[02:46:45.080] BOC Commissioner Ariel F. Nepomuceno** (asr-003175)  
by leasing to another

**[02:46:47.260] BOC Commissioner Ariel F. Nepomuceno** (asr-003176)  
area for the meantime, upang

**[02:46:49.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003177)  
magawa po yung disenyo at masimulan po

**[02:46:51.260] BOC Commissioner Ariel F. Nepomuceno** (asr-003178)  
yung construction ito. Pero

**[02:46:52.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003179)  
2028 na po probably yung

**[02:46:54.740] BOC Commissioner Ariel F. Nepomuceno** (asr-003180)  
construction. So what we can

**[02:46:56.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003181)  
do with our budget,

**[02:46:58.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003182)  
meron pong budget for 2026

**[02:47:00.880] BOC Commissioner Ariel F. Nepomuceno** (asr-003183)  
which we can use to design

**[02:47:02.640] BOC Commissioner Ariel F. Nepomuceno** (asr-003184)  
po yung Port of Manila offices.

**[02:47:08.040] Senator Joseph Victor "JV" G. Ejercito** (asr-003185)  
Ito lang, meron

**[02:47:09.060] Senator Joseph Victor "JV" G. Ejercito** (asr-003186)  
ng tanong.

**[02:47:11.480] Senator Joseph Victor "JV" G. Ejercito** (asr-003187)  
Ito, on failed fuel

**[02:47:12.960] Senator Joseph Victor "JV" G. Ejercito** (asr-003188)  
marking confirmatory test

**[02:47:15.140] Senator Joseph Victor "JV" G. Ejercito** (asr-003189)  
under the BIR and BOC Joint Operations

**[02:47:17.020] Senator Joseph Victor "JV" G. Ejercito** (asr-003190)  
Report this September 26,

**[02:47:19.500] Senator Joseph Victor "JV" G. Ejercito** (asr-003191)  
it revealed that out

**[02:47:21.040] Senator Joseph Victor "JV" G. Ejercito** (asr-003192)  
of the 421 fuel stations

**[02:47:23.320] Senator Joseph Victor "JV" G. Ejercito** (asr-003193)  
inspected nationwide, 164

**[02:47:25.100] Senator Joseph Victor "JV" G. Ejercito** (asr-003194)  
stations nearly, 39%

**[02:47:27.660] Senator Joseph Victor "JV" G. Ejercito** (asr-003195)  
failed confirmatory

**[02:47:29.300] Senator Joseph Victor "JV" G. Ejercito** (asr-003196)  
testing for unmarked

**[02:47:31.320] Senator Joseph Victor "JV" G. Ejercito** (asr-003197)  
or illicit fuel.

**[02:47:33.320] Senator Joseph Victor "JV" G. Ejercito** (asr-003198)  
So, how are

**[02:47:35.200] Senator Joseph Victor "JV" G. Ejercito** (asr-003199)  
these, question, how

**[02:47:37.020] Senator Joseph Victor "JV" G. Ejercito** (asr-003200)  
are these millions of liters of

**[02:47:38.940] Senator Joseph Victor "JV" G. Ejercito** (asr-003201)  
tax-evaded fuel bypassing

**[02:47:40.560] Senator Joseph Victor "JV" G. Ejercito** (asr-003202)  
our port of entry without

**[02:47:42.740] Senator Joseph Victor "JV" G. Ejercito** (asr-003203)  
detection? So, ito ang isa sa mga ano ngayon,

**[02:47:45.120] Senator Joseph Victor "JV" G. Ejercito** (asr-003204)  
yung fuel smuggling.

**[02:47:47.580] Senator Joseph Victor "JV" G. Ejercito** (asr-003205)  
Yan, ang tanong

**[02:47:49.120] Senator Joseph Victor "JV" G. Ejercito** (asr-003206)  
lang, how are these millions

**[02:47:51.040] Senator Joseph Victor "JV" G. Ejercito** (asr-003207)  
of liters tax-evaded fuel bypassing

**[02:47:53.280] Senator Joseph Victor "JV" G. Ejercito** (asr-003208)  
our port without detection?

**[02:47:55.100] Senator Joseph Victor "JV" G. Ejercito** (asr-003209)  
Ano bang challenges?

**[02:47:56.860] Senator Joseph Victor "JV" G. Ejercito** (asr-003210)  
Kulang ba sa kagamitan? Vessels?

**[02:47:59.700] BOC Commissioner Ariel F. Nepomuceno** (asr-003211)  
Ganun na po, Mr. Chair.

**[02:48:01.500] BOC Commissioner Ariel F. Nepomuceno** (asr-003212)  
Thank you po sa tanong.

**[02:48:02.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003213)  
Pag po pumasok ang mga

**[02:48:04.600] BOC Commissioner Ariel F. Nepomuceno** (asr-003214)  
imported petroleum products

**[02:48:07.400] BOC Commissioner Ariel F. Nepomuceno** (asr-003215)  
sa ating international ports,

**[02:48:09.220] BOC Commissioner Ariel F. Nepomuceno** (asr-003216)  
yan po kaya po nating bantayan

**[02:48:10.780] BOC Commissioner Ariel F. Nepomuceno** (asr-003217)  
dahil may mga tauhan naman po

**[02:48:13.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003218)  
tayo doon. Ang malaking

**[02:48:14.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003219)  
suliranin po natin ay yun pong

**[02:48:16.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003220)  
tinatawag po na paihi sa

**[02:48:18.960] BOC Commissioner Ariel F. Nepomuceno** (asr-003221)  
Karagatanan. Of course,

**[02:48:21.920] BOC Commissioner Ariel F. Nepomuceno** (asr-003222)  
we have to admit

**[02:48:23.160] BOC Commissioner Ariel F. Nepomuceno** (asr-003223)  
that the BOC right now,

**[02:48:25.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003224)  
we don't have the capability to do that.

**[02:48:27.260] BOC Commissioner Ariel F. Nepomuceno** (asr-003225)  
Exactly, this is the reason why we are

**[02:48:28.940] BOC Commissioner Ariel F. Nepomuceno** (asr-003226)  
requesting to build our own

**[02:48:30.880] BOC Commissioner Ariel F. Nepomuceno** (asr-003227)  
maritime capability and build

**[02:48:32.920] BOC Commissioner Ariel F. Nepomuceno** (asr-003228)  
our

**[02:48:33.860] BOC Commissioner Ariel F. Nepomuceno** (asr-003229)  
again, capability

**[02:48:36.860] BOC Commissioner Ariel F. Nepomuceno** (asr-003230)  
to apprehend

**[02:48:38.200] BOC Commissioner Ariel F. Nepomuceno** (asr-003231)  
smuggling being done in the

**[02:48:40.760] BOC Commissioner Ariel F. Nepomuceno** (asr-003232)  
high seas. Hindi lang po

**[02:48:43.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003233)  
gasolina ang nangyari

**[02:48:45.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003234)  
sa high seas, kasama po

**[02:48:46.860] BOC Commissioner Ariel F. Nepomuceno** (asr-003235)  
dyan ang sigarilyo at actually

**[02:48:48.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003236)  
even illegal drugs.

**[02:48:50.840] Senator Joseph Victor "JV" G. Ejercito** (asr-003237)  
So, that's the reason why you're

**[02:48:52.760] Senator Joseph Victor "JV" G. Ejercito** (asr-003238)  
sa capital outlay kasama yung acquisition?

**[02:48:55.100] Senator Joseph Victor "JV" G. Ejercito** (asr-003239)  
Or you're aware of

**[02:48:55.920] Senator Joseph Victor "JV" G. Ejercito** (asr-003240)  
vessels? Ilang vessels po ba

**[02:48:59.400] Senator Joseph Victor "JV" G. Ejercito** (asr-003241)  
pinag-uusapan natin?

**[02:49:00.840] BOC Commissioner Ariel F. Nepomuceno** (asr-003242)  
Sa unang request po namin, tatlo po

**[02:49:03.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003243)  
muna dahil meron naman pong labing

**[02:49:04.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003244)  
siyam na pwede po nating i-repair.

**[02:49:07.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003245)  
And the repair cost is included with the

**[02:49:09.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003246)  
amount already mentioned by

**[02:49:10.760] BOC Commissioner Ariel F. Nepomuceno** (asr-003247)  
Secretary Fredrick Goh earlier, doon po sa

**[02:49:12.760] BOC Commissioner Ariel F. Nepomuceno** (asr-003248)  
10 billion. Kasama na po

**[02:49:15.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003249)  
yung repair. But of course,

**[02:49:18.220] BOC Commissioner Ariel F. Nepomuceno** (asr-003250)  
ano lang po,

**[02:49:19.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003251)  
initial capability build-up

**[02:49:21.140] BOC Commissioner Ariel F. Nepomuceno** (asr-003252)  
lang to. We are now

**[02:49:23.220] BOC Commissioner Ariel F. Nepomuceno** (asr-003253)  
being,

**[02:49:25.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003254)  
being assisted by the Philippine Coast Guard

**[02:49:26.920] BOC Commissioner Ariel F. Nepomuceno** (asr-003255)  
on how to design the entire

**[02:49:29.320] BOC Commissioner Ariel F. Nepomuceno** (asr-003256)  
system. Hindi lang po kasi to see

**[02:49:30.960] BOC Commissioner Ariel F. Nepomuceno** (asr-003257)  
vessels. We have to have our own

**[02:49:33.220] BOC Commissioner Ariel F. Nepomuceno** (asr-003258)  
repair capability

**[02:49:34.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003259)  
and even the staffing pattern po

**[02:49:37.060] BOC Commissioner Ariel F. Nepomuceno** (asr-003260)  
yung organization to man

**[02:49:38.400] BOC Commissioner Ariel F. Nepomuceno** (asr-003261)  
and manage this organization

**[02:49:40.940] BOC Commissioner Ariel F. Nepomuceno** (asr-003262)  
should be really

**[02:49:42.920] Senator Joseph Victor "JV" G. Ejercito** (asr-003263)  
effective. Meron pa kayong unit na

**[02:49:45.060] Senator Joseph Victor "JV" G. Ejercito** (asr-003264)  
ganun para sa

**[02:49:45.920] Senator Joseph Victor "JV" G. Ejercito** (asr-003265)  
pag-maintain and operate

**[02:49:49.240] Senator Joseph Victor "JV" G. Ejercito** (asr-003266)  
na vessels?

**[02:49:50.200] BOC Commissioner Ariel F. Nepomuceno** (asr-003266-split-2)  
Meron po.

**[02:49:51.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003267)  
The big picture po,

**[02:49:53.020] BOC Commissioner Ariel F. Nepomuceno** (asr-003268)  
Mr. Chair, the answer is yes.

**[02:49:55.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003269)  
Meron po kaming Water Patrol

**[02:49:57.160] BOC Commissioner Ariel F. Nepomuceno** (asr-003270)  
Division. Sa pangalan

**[02:49:59.360] BOC Commissioner Ariel F. Nepomuceno** (asr-003271)  
pa lang po, alam nyo mong maliit na,

**[02:50:01.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003272)  
di ba? But the

**[02:50:03.020] BOC Commissioner Ariel F. Nepomuceno** (asr-003273)  
mission is bigger

**[02:50:05.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003274)  
than our existing organization.

**[02:50:07.100] Senator Joseph Victor "JV" G. Ejercito** (asr-003275)  
Probably, we're losing, ano,

**[02:50:08.740] Senator Joseph Victor "JV" G. Ejercito** (asr-003276)  
probably millions here doon sa

**[02:50:10.700] Senator Joseph Victor "JV" G. Ejercito** (asr-003277)  
paihi na sinasabi nyo.

**[02:50:12.260] Senator Joseph Victor "JV" G. Ejercito** (asr-003278)  
Pag may tanker, didikit

**[02:50:15.060] Senator Joseph Victor "JV" G. Ejercito** (asr-003279)  
isa pang mas maliit na tanker, no?

**[02:50:17.400] Senator Joseph Victor "JV" G. Ejercito** (asr-003280)  
From our information, medyo

**[02:50:19.200] Senator Joseph Victor "JV" G. Ejercito** (asr-003281)  
malaking negosyo ito.

**[02:50:21.500] Senator Joseph Victor "JV" G. Ejercito** (asr-003282)  
Malaking itong paihi na ito.

**[02:50:23.700] BOC Commissioner Ariel F. Nepomuceno** (asr-003283)  
Actually, Mr.

**[02:50:25.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003284)  
Chair, to appreciate,

**[02:50:27.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003285)  
sometimes nakikita po namin

**[02:50:28.900] BOC Commissioner Ariel F. Nepomuceno** (asr-003286)  
because we have subscribed

**[02:50:30.400] BOC Commissioner Ariel F. Nepomuceno** (asr-003287)  
to

**[02:50:31.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003288)  
monitoring systems wherein we can

**[02:50:35.040] BOC Commissioner Ariel F. Nepomuceno** (asr-003289)  
see the hundreds

**[02:50:37.080] BOC Commissioner Ariel F. Nepomuceno** (asr-003290)  
of ships within our

**[02:50:38.540] BOC Commissioner Ariel F. Nepomuceno** (asr-003291)  
Philippine area of responsibility.

**[02:50:42.260] BOC Commissioner Ariel F. Nepomuceno** (asr-003292)  
Makikita nyo po yan,

**[02:50:43.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003293)  
konting detaly po.

**[02:50:44.940] BOC Commissioner Ariel F. Nepomuceno** (asr-003294)  
Pag bumagal yung barko ng 3 knots,

**[02:50:47.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003295)  
ang takbo lang po niyan

**[02:50:49.040] BOC Commissioner Ariel F. Nepomuceno** (asr-003296)  
sa high seas, alam na po namin

**[02:50:50.960] BOC Commissioner Ariel F. Nepomuceno** (asr-003297)  
may didikit doon.

**[02:50:52.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003298)  
But bigla pong mawawal.

**[02:50:55.100] Senator Joseph Victor "JV" G. Ejercito** (asr-003299)  
Wala silang

**[02:50:56.900] BOC Commissioner Ariel F. Nepomuceno** (asr-003300)  
transponder.

**[02:50:58.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003301)  
Madidikit po, pinapatay po nilang

**[02:50:59.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003302)  
transponder.

**[02:51:01.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003303)  
Hindi naman po pwedeng lumangoy po

**[02:51:04.400] BOC Commissioner Ariel F. Nepomuceno** (asr-003304)  
ang ating mga tauan lang.

**[02:51:06.180] BOC Commissioner Ariel F. Nepomuceno** (asr-003305)  
We have to have that capability

**[02:51:07.780] BOC Commissioner Ariel F. Nepomuceno** (asr-003306)  
for the long term.

**[02:51:11.000] Senator Joseph Victor "JV" G. Ejercito** (asr-003307)  
Receive information, talaga

**[02:51:12.480] Senator Joseph Victor "JV" G. Ejercito** (asr-003308)  
malaking negosyo itong

**[02:51:13.580] Senator Joseph Victor "JV" G. Ejercito** (asr-003309)  
paihi.

**[02:51:15.860] Senator Joseph Victor "JV" G. Ejercito** (asr-003310)  
Pero I think it's just the lack of

**[02:51:18.600] Senator Joseph Victor "JV" G. Ejercito** (asr-003311)  
equipment or vessels.

**[02:51:22.220] Senator Joseph Victor "JV" G. Ejercito** (asr-003312)  
So wala tayo.

**[02:51:23.480] Senator Joseph Victor "JV" G. Ejercito** (asr-003313)  
You don't think there's

**[02:51:24.980] Senator Joseph Victor "JV" G. Ejercito** (asr-003314)  
any custom officials

**[02:51:26.240] Senator Joseph Victor "JV" G. Ejercito** (asr-003315)  
that are involved here?

**[02:51:27.820] Senator Joseph Victor "JV" G. Ejercito** (asr-003316)  
O meron din?

**[02:51:28.440] Senator Joseph Victor "JV" G. Ejercito** (asr-003317)  
Kung meron man, meron bang

**[02:51:29.480] Senator Joseph Victor "JV" G. Ejercito** (asr-003318)  
naparosahan na dito sa fuel smuggling?

**[02:51:33.600] BOC Commissioner Ariel F. Nepomuceno** (asr-003319)  
Wala pa po.

**[02:51:34.840] BOC Commissioner Ariel F. Nepomuceno** (asr-003320)  
So ako po bilang pinuno po ng

**[02:51:36.620] BOC Commissioner Ariel F. Nepomuceno** (asr-003321)  
BOC,

**[02:51:39.600] BOC Commissioner Ariel F. Nepomuceno** (asr-003322)  
while I fully trust

**[02:51:41.020] BOC Commissioner Ariel F. Nepomuceno** (asr-003323)  
our own people, of course,

**[02:51:43.180] BOC Commissioner Ariel F. Nepomuceno** (asr-003324)  
my presumption always is

**[02:51:44.940] BOC Commissioner Ariel F. Nepomuceno** (asr-003325)  
maaring merong involved.

**[02:51:47.280] BOC Commissioner Ariel F. Nepomuceno** (asr-003326)  
I cannot just sit down

**[02:51:48.900] BOC Commissioner Ariel F. Nepomuceno** (asr-003327)  
and just trust and then

**[02:51:50.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003328)  
laging po kaming nagbabantay

**[02:51:53.080] BOC Commissioner Ariel F. Nepomuceno** (asr-003329)  
sa aming mga kasamahan.

**[02:51:54.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003330)  
Along with the other agencies.

**[02:51:56.140] BOC Commissioner Ariel F. Nepomuceno** (asr-003331)  
We welcome the other agencies

**[02:51:58.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003332)  
being involved in apprehending

**[02:52:01.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003333)  
smuggled importations.

**[02:52:05.900] Senator Joseph Victor "JV" G. Ejercito** (asr-003334)  
Senator Bong Go would like to ask questions.

**[02:52:08.140] Senator Christopher Lawrence T. Go** (asr-003335)  
Singit lang po ako.

**[02:52:09.800] Senator Christopher Lawrence T. Go** (asr-003336)  
Tanong ko lang po, Commissioner,

**[02:52:11.740] Senator Christopher Lawrence T. Go** (asr-003337)  
yung mga vehicles na nahuhuli ninyo,

**[02:52:14.740] Senator Christopher Lawrence T. Go** (asr-003338)  
yung mga imported vehicles,

**[02:52:16.600] Senator Christopher Lawrence T. Go** (asr-003339)  
anong ginagawa nyo ngayon

**[02:52:17.540] Senator Christopher Lawrence T. Go** (asr-003340)  
in auction ninyo?

**[02:52:19.780] Senator Christopher Lawrence T. Go** (asr-003341)  
Maalala ko nung time ni

**[02:52:21.600] Senator Christopher Lawrence T. Go** (asr-003342)  
former President Duterte,

**[02:52:22.940] Senator Christopher Lawrence T. Go** (asr-003343)  
meron mga winasak po.

**[02:52:24.980] Senator Christopher Lawrence T. Go** (asr-003344)  
Bak, sinagasaan.

**[02:52:26.560] Senator Christopher Lawrence T. Go** (asr-003345)  
Anong ginagawa nyo po ngayon

**[02:52:28.280] Senator Christopher Lawrence T. Go** (asr-003346)  
sa mga nahuli?

**[02:52:29.340] Senator Christopher Lawrence T. Go** (asr-003347)  
Anong period na binibigay nyo sa kanila?

**[02:52:32.800] Senator Christopher Lawrence T. Go** (asr-003348)  
Or for auction na ho ba ito?

**[02:52:35.080] Senator Christopher Lawrence T. Go** (asr-003349)  
Additional revenues sa gobyerno?

**[02:52:37.500] Senator Christopher Lawrence T. Go** (asr-003350)  
Anong pinagkaiba noon at sa ngayon po?

**[02:52:40.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003351)  
Ang pulisiya ko po

**[02:52:42.780] BOC Commissioner Ariel F. Nepomuceno** (asr-003352)  
bilang Commissioner,

**[02:52:44.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003353)  
ay i-auction po ito.

**[02:52:46.440] BOC Commissioner Ariel F. Nepomuceno** (asr-003354)  
Dahil sayang naman po yung

**[02:52:47.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003355)  
pwede nating malikom na pondo,

**[02:52:49.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003356)  
pwede magamit po sa mga programa ng pamahalaan.

**[02:52:52.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003357)  
There are three valid options po.

**[02:52:54.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003358)  
Number one,

**[02:52:56.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003359)  
masakin.

**[02:52:57.220] BOC Commissioner Ariel F. Nepomuceno** (asr-003360)  
Bilang Commissioner po,

**[02:52:58.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003361)  
hindi ko po ito gagawin.

**[02:53:00.700] BOC Commissioner Ariel F. Nepomuceno** (asr-003362)  
Unless utusan po ako ng

**[02:53:02.260] BOC Commissioner Ariel F. Nepomuceno** (asr-003363)  
mas mataas po sa akin.

**[02:53:03.740] BOC Commissioner Ariel F. Nepomuceno** (asr-003364)  
But I prefer not to do that.

**[02:53:05.600] BOC Commissioner Ariel F. Nepomuceno** (asr-003365)  
Pangalawa po,

**[02:53:06.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003366)  
pwede po namin by law

**[02:53:07.400] BOC Commissioner Ariel F. Nepomuceno** (asr-003367)  
to donate this to other government agencies.

**[02:53:10.360] BOC Commissioner Ariel F. Nepomuceno** (asr-003368)  
Kaya lang po,

**[02:53:11.300] BOC Commissioner Ariel F. Nepomuceno** (asr-003369)  
kapag mga luxury or high-end vehicles,

**[02:53:13.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003370)  
hindi po naman magandang

**[02:53:14.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003371)  
gamitin po ito ng mga

**[02:53:16.400] BOC Commissioner Ariel F. Nepomuceno** (asr-003372)  
opisyal po ng pamahalaan.

**[02:53:18.120] BOC Commissioner Ariel F. Nepomuceno** (asr-003373)  
Kaya nandun lang po ako sa pangatlo.

**[02:53:20.060] BOC Commissioner Ariel F. Nepomuceno** (asr-003374)  
Na ito po ay i-auction

**[02:53:21.220] BOC Commissioner Ariel F. Nepomuceno** (asr-003375)  
and I assure the committee that

**[02:53:24.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003376)  
our auction will definitely be

**[02:53:26.960] BOC Commissioner Ariel F. Nepomuceno** (asr-003377)  
competitive and transparent po.

**[02:53:29.320] BOC Commissioner Ariel F. Nepomuceno** (asr-003378)  
Tuwing po meron kaming auction yung bidding,

**[02:53:31.760] BOC Commissioner Ariel F. Nepomuceno** (asr-003379)  
yan po ay napapanood live po sa

**[02:53:33.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003380)  
YouTube or Facebook.

**[02:53:35.940] BOC Commissioner Ariel F. Nepomuceno** (asr-003381)  
At talagang competitive po yan.

**[02:53:37.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003382)  
This is the reason why we were able to generate

**[02:53:39.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003383)  
funds. Right now, nasa

**[02:53:41.440] BOC Commissioner Ariel F. Nepomuceno** (asr-003384)  
almost half billion na po yung

**[02:53:43.260] BOC Commissioner Ariel F. Nepomuceno** (asr-003385)  
kinita po ng bansa

**[02:53:45.160] BOC Commissioner Ariel F. Nepomuceno** (asr-003386)  
with our auctions. Yung mga

**[02:53:46.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003387)  
high-profile

**[02:53:48.680] BOC Commissioner Ariel F. Nepomuceno** (asr-003388)  
luxury vehicles that we were

**[02:53:51.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003389)  
able to seize. Those vehicles

**[02:53:53.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003390)  
that were

**[02:53:54.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003391)  
procured illegally

**[02:53:56.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003392)  
dun po sa construction issues

**[02:53:58.160] BOC Commissioner Ariel F. Nepomuceno** (asr-003393)  
na ongoing po.

**[02:54:00.120] Senator Christopher Lawrence T. Go** (asr-003394)  
Maring nung panahon,

**[02:54:01.960] Senator Christopher Lawrence T. Go** (asr-003395)  
former President Duterte, nagawa rin po

**[02:54:03.900] Senator Christopher Lawrence T. Go** (asr-003396)  
niya yun, no? Dahil

**[02:54:06.000] Senator Christopher Lawrence T. Go** (asr-003397)  
siguro warning yun sa mga

**[02:54:08.140] Senator Christopher Lawrence T. Go** (asr-003398)  
sa mga

**[02:54:10.020] Senator Christopher Lawrence T. Go** (asr-003399)  
nag-smuggle, sa mga

**[02:54:12.060] Senator Christopher Lawrence T. Go** (asr-003400)  
illegal smugglers.

**[02:54:15.040] Senator Christopher Lawrence T. Go** (asr-003401)  
Magkano na pong

**[02:54:15.920] Senator Christopher Lawrence T. Go** (asr-003402)  
na-generate nyo rito sa mga auctions?

**[02:54:21.080] BOC Commissioner Ariel F. Nepomuceno** (asr-003403)  
Ibibigay ko po yung

**[02:54:22.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003404)  
exacto, but almost 500 million

**[02:54:24.020] BOC Commissioner Ariel F. Nepomuceno** (asr-003405)  
na po yun.

**[02:54:24.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003406)  
At meron pa po kami nakapila

**[02:54:25.960] BOC Commissioner Ariel F. Nepomuceno** (asr-003407)  
na another

**[02:54:27.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003408)  
potential 500 million po.

**[02:54:30.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003409)  
Dun po sa luxury vehicles.

**[02:54:33.200] BOC Commissioner Ariel F. Nepomuceno** (asr-003410)  
Pero marami pa po

**[02:54:34.200] BOC Commissioner Ariel F. Nepomuceno** (asr-003411)  
na hindi naman po high-end vehicles

**[02:54:36.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003412)  
na i-auction din po namin.

**[02:54:38.540] Senator Christopher Lawrence T. Go** (asr-003413)  
Lately po, marami po akong

**[02:54:40.340] Senator Christopher Lawrence T. Go** (asr-003414)  
narinig na sa inyong

**[02:54:42.180] Senator Christopher Lawrence T. Go** (asr-003415)  
magandang performance

**[02:54:43.580] Senator Christopher Lawrence T. Go** (asr-003416)  
sa BOC, marami.

**[02:54:46.740] Senator Christopher Lawrence T. Go** (asr-003417)  
Nababasa po natin ito.

**[02:54:48.520] Senator Christopher Lawrence T. Go** (asr-003418)  
Thank you po.

**[02:54:49.380] Senator Christopher Lawrence T. Go** (asr-003419)  
Congratulations for that.

**[02:54:51.240] Senator Christopher Lawrence T. Go** (asr-003420)  
May tanong lang po ako sa inyo.

**[02:54:52.980] Senator Christopher Lawrence T. Go** (asr-003421)  
Honest answer lang po.

**[02:54:54.460] Senator Christopher Lawrence T. Go** (asr-003422)  
Ano sa tingin ninyo

**[02:54:55.880] Senator Christopher Lawrence T. Go** (asr-003423)  
ang

**[02:54:57.160] Senator Christopher Lawrence T. Go** (asr-003424)  
when it comes to

**[02:55:00.360] Senator Christopher Lawrence T. Go** (asr-003425)  
corruption, meron pa rin

**[02:55:02.700] Senator Christopher Lawrence T. Go** (asr-003426)  
o ba corruption ng

**[02:55:03.860] Senator Christopher Lawrence T. Go** (asr-003427)  
BOC?

**[02:55:04.720] BOC Commissioner Ariel F. Nepomuceno** (asr-003428)  
Meron pa rin po yan talaga.

**[02:55:06.700] BOC Commissioner Ariel F. Nepomuceno** (asr-003429)  
Again po, hanggat hindi po

**[02:55:08.960] BOC Commissioner Ariel F. Nepomuceno** (asr-003430)  
natin na fully

**[02:55:11.040] BOC Commissioner Ariel F. Nepomuceno** (asr-003431)  
digitalized ang ating mga

**[02:55:12.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003432)  
proseso, we are vulnerable to

**[02:55:14.940] Senator Christopher Lawrence T. Go** (asr-003433)  
Ano pong pinagkaiba kung sakaling

**[02:55:17.160] Senator Christopher Lawrence T. Go** (asr-003434)  
maging fully

**[02:55:18.200] Senator Christopher Lawrence T. Go** (asr-003435)  
digitalized?

**[02:55:20.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003436)  
Yun po, pinaluanan ko po kanyan.

**[02:55:22.580] BOC Commissioner Ariel F. Nepomuceno** (asr-003437)  
Ongoing na po yung ating

**[02:55:24.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003438)  
proyekto.

**[02:55:25.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003439)  
Labing lima po yung mga

**[02:55:26.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003440)  
proyekto natin sa IT projects.

**[02:55:28.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003441)  
Ang sentro po nito,

**[02:55:30.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003442)  
pinakamahalaga yung tinatawag na

**[02:55:31.700] BOC Commissioner Ariel F. Nepomuceno** (asr-003443)  
customs processing system.

**[02:55:33.840] BOC Commissioner Ariel F. Nepomuceno** (asr-003444)  
Ito po yung

**[02:55:34.640] BOC Commissioner Ariel F. Nepomuceno** (asr-003445)  
pag dumating yung

**[02:55:36.080] BOC Commissioner Ariel F. Nepomuceno** (asr-003446)  
importasyon,

**[02:55:37.620] BOC Commissioner Ariel F. Nepomuceno** (asr-003447)  
yung pagsasubmit po

**[02:55:38.600] BOC Commissioner Ariel F. Nepomuceno** (asr-003448)  
ng mga importers

**[02:55:39.620] BOC Commissioner Ariel F. Nepomuceno** (asr-003449)  
or their representatives

**[02:55:40.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003450)  
digital na.

**[02:55:42.620] BOC Commissioner Ariel F. Nepomuceno** (asr-003451)  
Dapat wala na human intervention.

**[02:55:44.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003452)  
Para po kayong pumasok sa

**[02:55:45.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003453)  
dun po sa ATM booth

**[02:55:49.160] BOC Commissioner Ariel F. Nepomuceno** (asr-003454)  
ng mga bangko

**[02:55:50.120] BOC Commissioner Ariel F. Nepomuceno** (asr-003455)  
na pipili lang po kayo

**[02:55:51.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003456)  
ng inyong transaksyon.

**[02:55:52.880] BOC Commissioner Ariel F. Nepomuceno** (asr-003457)  
Withdrawal,

**[02:55:54.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003458)  
balance,

**[02:55:54.880] BOC Commissioner Ariel F. Nepomuceno** (asr-003459)  
or deposit,

**[02:55:56.160] BOC Commissioner Ariel F. Nepomuceno** (asr-003460)  
wala naman po kayong kakausapin

**[02:55:57.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003461)  
na taga-bangko

**[02:55:58.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003462)  
unless yung pong

**[02:55:59.180] BOC Commissioner Ariel F. Nepomuceno** (asr-003463)  
ATM card nyo

**[02:55:59.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003464)  
kinain po nung machine.

**[02:56:02.080] BOC Commissioner Ariel F. Nepomuceno** (asr-003465)  
Ganito din po dapat

**[02:56:03.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003466)  
sa Bureau of Customs.

**[02:56:04.860] BOC Commissioner Ariel F. Nepomuceno** (asr-003467)  
At yung pong

**[02:56:05.300] BOC Commissioner Ariel F. Nepomuceno** (asr-003468)  
teknolohiya naman po

**[02:56:06.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003469)  
para dyan,

**[02:56:07.780] BOC Commissioner Ariel F. Nepomuceno** (asr-003470)  
available naman po yun.

**[02:56:08.880] BOC Commissioner Ariel F. Nepomuceno** (asr-003471)  
Hindi po natin

**[02:56:09.440] BOC Commissioner Ariel F. Nepomuceno** (asr-003472)  
i-inventuin yan.

**[02:56:11.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003473)  
We just have to adapt

**[02:56:12.480] BOC Commissioner Ariel F. Nepomuceno** (asr-003474)  
what's already existing

**[02:56:13.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003475)  
in other countries.

**[02:56:15.260] BOC Commissioner Ariel F. Nepomuceno** (asr-003476)  
In our case,

**[02:56:16.340] BOC Commissioner Ariel F. Nepomuceno** (asr-003477)  
yung pong ongoing

**[02:56:17.140] BOC Commissioner Ariel F. Nepomuceno** (asr-003478)  
PPP proposal

**[02:56:18.580] BOC Commissioner Ariel F. Nepomuceno** (asr-003479)  
na nasa gitna na po kami ngayon

**[02:56:20.140] BOC Commissioner Ariel F. Nepomuceno** (asr-003480)  
ng technical discussions.

**[02:56:22.360] BOC Commissioner Ariel F. Nepomuceno** (asr-003481)  
Yung legal,

**[02:56:22.860] BOC Commissioner Ariel F. Nepomuceno** (asr-003482)  
tapos na po.

**[02:56:24.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003483)  
This technology

**[02:56:25.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003484)  
is available

**[02:56:26.860] BOC Commissioner Ariel F. Nepomuceno** (asr-003485)  
and already being used

**[02:56:28.500] BOC Commissioner Ariel F. Nepomuceno** (asr-003486)  
in Singapore.

**[02:56:29.840] BOC Commissioner Ariel F. Nepomuceno** (asr-003487)  
So,

**[02:56:30.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003488)  
alam naman po natin

**[02:56:31.200] BOC Commissioner Ariel F. Nepomuceno** (asr-003489)  
sa bansang Singapore

**[02:56:32.880] BOC Commissioner Ariel F. Nepomuceno** (asr-003490)  
napakahigpit.

**[02:56:34.060] BOC Commissioner Ariel F. Nepomuceno** (asr-003491)  
Bubble gum nga lang po

**[02:56:35.040] BOC Commissioner Ariel F. Nepomuceno** (asr-003492)  
bawal sa kanila.

**[02:56:36.180] BOC Commissioner Ariel F. Nepomuceno** (asr-003493)  
So,

**[02:56:37.680] BOC Commissioner Ariel F. Nepomuceno** (asr-003494)  
ina-adapt po natin

**[02:56:38.780] BOC Commissioner Ariel F. Nepomuceno** (asr-003495)  
yung sistema nila

**[02:56:39.480] BOC Commissioner Ariel F. Nepomuceno** (asr-003496)  
wherein wala kang kakausapin

**[02:56:41.280] BOC Commissioner Ariel F. Nepomuceno** (asr-003497)  
na taga-Bureau of Customs

**[02:56:42.440] BOC Commissioner Ariel F. Nepomuceno** (asr-003498)  
from end to end po.

**[02:56:44.280] BOC Commissioner Ariel F. Nepomuceno** (asr-003499)  
Mula sa pagsasabihin

**[02:56:45.280] BOC Commissioner Ariel F. Nepomuceno** (asr-003500)  
ang dokumento

**[02:56:45.920] BOC Commissioner Ariel F. Nepomuceno** (asr-003501)  
including bank documents.

**[02:56:47.920] BOC Commissioner Ariel F. Nepomuceno** (asr-003502)  
Importante po yung

**[02:56:48.740] BOC Commissioner Ariel F. Nepomuceno** (asr-003503)  
bank documents

**[02:56:49.500] BOC Commissioner Ariel F. Nepomuceno** (asr-003504)  
at insurance documents.

**[02:56:51.220] BOC Commissioner Ariel F. Nepomuceno** (asr-003505)  
Dahil po,

**[02:56:51.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003506)  
ang mga bangko

**[02:56:52.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003507)  
hindi po yan makikiisa.

**[02:56:54.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003508)  
Sa kalukuhan po

**[02:56:54.980] BOC Commissioner Ariel F. Nepomuceno** (asr-003509)  
ng smugglers,

**[02:56:55.680] BOC Commissioner Ariel F. Nepomuceno** (asr-003510)  
napakalaki po

**[02:56:56.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003511)  
nung kanilang iniingat

**[02:56:57.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003512)  
ang pangalan

**[02:56:58.040] BOC Commissioner Ariel F. Nepomuceno** (asr-003513)  
at negosyo.

**[02:56:59.500] BOC Commissioner Ariel F. Nepomuceno** (asr-003514)  
That will be included

**[02:57:00.360] BOC Commissioner Ariel F. Nepomuceno** (asr-003515)  
in the digital submission

**[02:57:01.760] BOC Commissioner Ariel F. Nepomuceno** (asr-003516)  
ng gampong

**[02:57:02.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003517)  
valuation.

**[02:57:03.900] BOC Commissioner Ariel F. Nepomuceno** (asr-003518)  
May AI capability po yan

**[02:57:05.420] BOC Commissioner Ariel F. Nepomuceno** (asr-003519)  
upang yung laman talaga

**[02:57:06.720] BOC Commissioner Ariel F. Nepomuceno** (asr-003520)  
ng container

**[02:57:07.400] BOC Commissioner Ariel F. Nepomuceno** (asr-003521)  
at yung mga

**[02:57:08.500] BOC Commissioner Ariel F. Nepomuceno** (asr-003522)  
dineklara sa banko

**[02:57:09.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003523)  
na binayaran po nila

**[02:57:11.940] BOC Commissioner Ariel F. Nepomuceno** (asr-003524)  
from their port of origin

**[02:57:14.060] BOC Commissioner Ariel F. Nepomuceno** (asr-003525)  
hanggang dito po sa atin.

**[02:57:15.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003526)  
Yung po yung dapat nilang bayaran.

**[02:57:17.220] BOC Commissioner Ariel F. Nepomuceno** (asr-003527)  
So, the leakage will be

**[02:57:18.260] BOC Commissioner Ariel F. Nepomuceno** (asr-003528)  
almost zeroed out.

**[02:57:19.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003529)  
But then again,

**[02:57:20.960] BOC Commissioner Ariel F. Nepomuceno** (asr-003530)  
this has to be

**[02:57:21.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003531)  
a 100%

**[02:57:22.840] BOC Commissioner Ariel F. Nepomuceno** (asr-003532)  
fully automated

**[02:57:23.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003533)  
CPS.

**[02:57:24.940] BOC Commissioner Ariel F. Nepomuceno** (asr-003534)  
Hindi po po pwedeng

**[02:57:25.760] BOC Commissioner Ariel F. Nepomuceno** (asr-003535)  
90%

**[02:57:26.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003536)  
at iwanan po yung

**[02:57:27.780] BOC Commissioner Ariel F. Nepomuceno** (asr-003537)  
10%.

**[02:57:28.340] BOC Commissioner Ariel F. Nepomuceno** (asr-003538)  
Magkakaproblema na naman po tayo.

**[02:57:30.620] Senator Christopher Lawrence T. Go** (asr-003539)  
Salamat po.

**[02:57:31.580] Senator Christopher Lawrence T. Go** (asr-003540)  
Sana po yung magawa niya

**[02:57:32.780] Senator Christopher Lawrence T. Go** (asr-003541)  
ng parahan yan.

**[02:57:35.660] Senator Christopher Lawrence T. Go** (asr-003542)  
Sumusuporta po kami

**[02:57:36.680] Senator Christopher Lawrence T. Go** (asr-003543)  
sa inyo rito.

**[02:57:37.800] Senator Christopher Lawrence T. Go** (asr-003544)  
Sa inyong layunin.

**[02:57:39.520] Senator Christopher Lawrence T. Go** (asr-003545)  
Sana mawala na yung

**[02:57:42.420] Senator Christopher Lawrence T. Go** (asr-003546)  
word na lagay.

**[02:57:46.940] Senator Christopher Lawrence T. Go** (asr-003547)  
Not

**[02:57:47.620] Senator Christopher Lawrence T. Go** (asr-003548)  
completely eradicate

**[02:57:51.080] Senator Christopher Lawrence T. Go** (asr-003549)  
corruption.

**[02:57:53.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003550)  
If I may,

**[02:57:54.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003551)  
Mr. Senator,

**[02:57:56.340] BOC Commissioner Ariel F. Nepomuceno** (asr-003552)  
ganito po yun eh.

**[02:57:57.320] BOC Commissioner Ariel F. Nepomuceno** (asr-003553)  
Pag pumasok po kayo

**[02:57:58.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003554)  
sa system na yun

**[02:57:59.040] BOC Commissioner Ariel F. Nepomuceno** (asr-003555)  
at maglalodge po kayo

**[02:58:00.120] BOC Commissioner Ariel F. Nepomuceno** (asr-003556)  
ng importation,

**[02:58:01.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003557)  
wala po kayong kausap eh.

**[02:58:03.340] BOC Commissioner Ariel F. Nepomuceno** (asr-003558)  
Unlike po ngayon,

**[02:58:04.100] BOC Commissioner Ariel F. Nepomuceno** (asr-003559)  
meron po kayong suki

**[02:58:05.360] BOC Commissioner Ariel F. Nepomuceno** (asr-003560)  
or kakilala

**[02:58:06.300] BOC Commissioner Ariel F. Nepomuceno** (asr-003561)  
na laging kausap.

**[02:58:07.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003562)  
In this system,

**[02:58:08.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003563)  
numero lang po lahat yun.

**[02:58:10.320] BOC Commissioner Ariel F. Nepomuceno** (asr-003564)  
At wala po kayong,

**[02:58:11.120] BOC Commissioner Ariel F. Nepomuceno** (asr-003565)  
hindi nyo alam

**[02:58:11.600] BOC Commissioner Ariel F. Nepomuceno** (asr-003566)  
kung sino yung gusto

**[02:58:12.360] BOC Commissioner Ariel F. Nepomuceno** (asr-003567)  
nyo kausapin.

**[02:58:13.840] BOC Commissioner Ariel F. Nepomuceno** (asr-003568)  
This has to be

**[02:58:14.520] BOC Commissioner Ariel F. Nepomuceno** (asr-003569)  
the kind of system

**[02:58:15.360] BOC Commissioner Ariel F. Nepomuceno** (asr-003570)  
that will really

**[02:58:16.380] BOC Commissioner Ariel F. Nepomuceno** (asr-003571)  
prevent abuses

**[02:58:18.460] BOC Commissioner Ariel F. Nepomuceno** (asr-003572)  
or discretions

**[02:58:19.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003573)  
na madedehado po

**[02:58:20.820] BOC Commissioner Ariel F. Nepomuceno** (asr-003574)  
ang bansa.

**[02:58:21.860] BOC Commissioner Ariel F. Nepomuceno** (asr-003575)  
At makakasa po tayo

**[02:58:22.880] BOC Commissioner Ariel F. Nepomuceno** (asr-003576)  
based on the fact that

**[02:58:23.240] BOC Commissioner Ariel F. Nepomuceno** (asr-003577)  
on our timeline,

**[02:58:24.780] BOC Commissioner Ariel F. Nepomuceno** (asr-003578)  
mga bandang June

**[02:58:25.760] BOC Commissioner Ariel F. Nepomuceno** (asr-003579)  
or July next year,

**[02:58:27.680] BOC Commissioner Ariel F. Nepomuceno** (asr-003580)  
pwede na pong i-roll out

**[02:58:28.700] BOC Commissioner Ariel F. Nepomuceno** (asr-003581)  
yung pilot

**[02:58:29.340] BOC Commissioner Ariel F. Nepomuceno** (asr-003582)  
areas po nito.

**[02:58:31.660] BOC Commissioner Ariel F. Nepomuceno** (asr-003583)  
We will pick

**[02:58:32.280] BOC Commissioner Ariel F. Nepomuceno** (asr-003584)  
three

**[02:58:33.020] BOC Commissioner Ariel F. Nepomuceno** (asr-003585)  
ports out of our

**[02:58:35.000] BOC Commissioner Ariel F. Nepomuceno** (asr-003586)  
17 major ports

**[02:58:36.280] BOC Commissioner Ariel F. Nepomuceno** (asr-003587)  
and 36 sub-ports.

**[02:58:38.400] BOC Commissioner Ariel F. Nepomuceno** (asr-003588)  
Pag na-install na po natin yan,

**[02:58:39.900] BOC Commissioner Ariel F. Nepomuceno** (asr-003589)  
huwag lang pong magkaroon po

**[02:58:41.040] BOC Commissioner Ariel F. Nepomuceno** (asr-003590)  
ng injunction

**[02:58:42.800] BOC Commissioner Ariel F. Nepomuceno** (asr-003591)  
or TRO

**[02:58:43.500] BOC Commissioner Ariel F. Nepomuceno** (asr-003592)  
sa korte.

**[02:58:45.560] BOC Commissioner Ariel F. Nepomuceno** (asr-003593)  
Tuloy-tuloy naman po ito.

**[02:58:47.720] Senator Christopher Lawrence T. Go** (asr-003594)  
Salamat po.

**[02:58:48.700] Senator Christopher Lawrence T. Go** (asr-003595)  
Malaking bagay po yan

**[02:58:49.980] Senator Christopher Lawrence T. Go** (asr-003596)  
kung mawawala

**[02:58:51.360] Senator Christopher Lawrence T. Go** (asr-003597)  
yung corruption.

**[02:58:52.180] Senator Christopher Lawrence T. Go** (asr-003598)  
Malaking income po.

**[02:58:53.240] Senator Christopher Lawrence T. Go** (asr-003599)  
Yan sa ating

**[02:58:53.840] Senator Christopher Lawrence T. Go** (asr-003600)  
gobyerno.

**[02:58:55.540] Senator Christopher Lawrence T. Go** (asr-003601)  
Anyway,

**[02:58:56.440] Senator Christopher Lawrence T. Go** (asr-003602)  
balikan ko lang po

**[02:58:57.580] Senator Christopher Lawrence T. Go** (asr-003603)  
dito si

**[02:58:58.560] Senator Christopher Lawrence T. Go** (asr-003604)  
Secretary of Finance.

**[02:59:00.480] Senator Christopher Lawrence T. Go** (asr-003605)  
Allow me to

**[02:59:01.200] Senator Christopher Lawrence T. Go** (asr-003606)  
express my support

**[02:59:02.760] Senator Christopher Lawrence T. Go** (asr-003607)  
for the budget

**[02:59:03.380] Senator Christopher Lawrence T. Go** (asr-003608)  
of the Department of Finance

**[02:59:04.880] Senator Christopher Lawrence T. Go** (asr-003609)  
including its

**[02:59:05.960] Senator Christopher Lawrence T. Go** (asr-003610)  
attached agencies

**[02:59:06.920] Senator Christopher Lawrence T. Go** (asr-003611)  
and corporation.

**[02:59:08.960] Senator Christopher Lawrence T. Go** (asr-003612)  
Malaki po ang papel

**[02:59:09.760] Senator Christopher Lawrence T. Go** (asr-003613)  
ng DFA

**[02:59:10.460] Senator Christopher Lawrence T. Go** (asr-003614)  
para masiguro

**[02:59:11.220] Senator Christopher Lawrence T. Go** (asr-003615)  
na mayroon tayong

**[02:59:12.020] Senator Christopher Lawrence T. Go** (asr-003616)  
sapat na resources

**[02:59:13.260] Senator Christopher Lawrence T. Go** (asr-003617)  
para pondohan

**[02:59:14.820] Senator Christopher Lawrence T. Go** (asr-003618)  
at suportahan

**[02:59:15.480] Senator Christopher Lawrence T. Go** (asr-003619)  
ang mga programa

**[02:59:16.200] Senator Christopher Lawrence T. Go** (asr-003620)  
ng gobyerno

**[02:59:17.400] Senator Christopher Lawrence T. Go** (asr-003621)  
para sa iba't-ibang

**[02:59:18.220] Senator Christopher Lawrence T. Go** (asr-003622)  
sektor

**[02:59:18.740] Senator Christopher Lawrence T. Go** (asr-003623)  
gaya ng health,

**[02:59:20.520] Senator Christopher Lawrence T. Go** (asr-003624)  
education,

**[02:59:21.360] Senator Christopher Lawrence T. Go** (asr-003625)  
social protection,

**[02:59:22.300] Senator Christopher Lawrence T. Go** (asr-003626)  
infrastructure,

**[02:59:22.880] Senator Christopher Lawrence T. Go** (asr-003627)  
national defense

**[02:59:23.900] Senator Christopher Lawrence T. Go** (asr-003628)  
at iba pa.

**[02:59:25.360] Senator Christopher Lawrence T. Go** (asr-003629)  
Importante po itong

**[02:59:26.620] Senator Christopher Lawrence T. Go** (asr-003630)  
finance.

**[02:59:28.280] Senator Christopher Lawrence T. Go** (asr-003631)  
Kayo ito yung

**[02:59:28.780] Senator Christopher Lawrence T. Go** (asr-003632)  
pinaka-centro

**[02:59:30.660] Senator Christopher Lawrence T. Go** (asr-003633)  
with the able

**[02:59:31.520] Senator Christopher Lawrence T. Go** (asr-003634)  
and competent

**[02:59:32.560] Senator Christopher Lawrence T. Go** (asr-003635)  
leadership

**[02:59:33.440] Senator Christopher Lawrence T. Go** (asr-003636)  
ng ating

**[02:59:34.740] Senator Christopher Lawrence T. Go** (asr-003637)  
sekretary,

**[02:59:35.380] Senator Christopher Lawrence T. Go** (asr-003638)  
sekretary

**[02:59:36.240] Senator Christopher Lawrence T. Go** (asr-003639)  
Frederick Goh.

**[02:59:37.480] Senator Christopher Lawrence T. Go** (asr-003640)  
Not because

**[02:59:38.000] Senator Christopher Lawrence T. Go** (asr-003641)  
Goh ka rin,

**[02:59:39.040] Senator Christopher Lawrence T. Go** (asr-003642)  
but

**[02:59:39.240] Senator Christopher Lawrence T. Go** (asr-003643)  
alam kong experience

**[02:59:43.700] Senator Christopher Lawrence T. Go** (asr-003644)  
ka na sa

**[02:59:44.460] Senator Christopher Lawrence T. Go** (asr-003645)  
dito,

**[02:59:45.860] Senator Christopher Lawrence T. Go** (asr-003646)  
sa finance.

**[02:59:48.260] Senator Christopher Lawrence T. Go** (asr-003647)  
Ito yung

**[02:59:49.420] Senator Christopher Lawrence T. Go** (asr-003648)  
Goh na

**[02:59:50.640] Senator Christopher Lawrence T. Go** (asr-003649)  
ano siya,

**[02:59:52.880] Senator Christopher Lawrence T. Go** (asr-003650)  
ito yung rich na

**[02:59:54.080] Senator Christopher Lawrence T. Go** (asr-003651)  
rich version

**[02:59:56.040] Senator Christopher Lawrence T. Go** (asr-003652)  
ng Goh.

**[02:59:57.760] Senator Christopher Lawrence T. Go** (asr-003653)  
Tagal ko po itong

**[02:59:58.380] Senator Christopher Lawrence T. Go** (asr-003654)  
gusto na rin po talaga itong

**[03:00:00.000] Senator Christopher Lawrence T. Go** (asr-003655)  
tumulong para sa ating

**[03:00:01.420] Senator Christopher Lawrence T. Go** (asr-003656)  
bayan. Sabi ko nga,

**[03:00:04.620] Senator Christopher Lawrence T. Go** (asr-003657)  
minsan lang tayo

**[03:00:05.820] Senator Christopher Lawrence T. Go** (asr-003658)  
mabubuhay sa mundong ito.

**[03:00:08.280] Senator Christopher Lawrence T. Go** (asr-003659)  
Gawin mo na yung pwede mong gawin para sa

**[03:00:10.140] Senator Christopher Lawrence T. Go** (asr-003660)  
bayan. Kung anong ma-contribute mo

**[03:00:11.840] Senator Christopher Lawrence T. Go** (asr-003661)  
para sa bayan,

**[03:00:13.860] Senator Christopher Lawrence T. Go** (asr-003662)  
gawin mo na.

**[03:00:16.360] Senator Christopher Lawrence T. Go** (asr-003663)  
Supportado ka namin dito. Basta gawin mo

**[03:00:18.120] Senator Christopher Lawrence T. Go** (asr-003664)  
lang yung tama para sa

**[03:00:20.000] Senator Christopher Lawrence T. Go** (asr-003665)  
interest ng mga kababayan natin.

**[03:00:22.020] Senator Christopher Lawrence T. Go** (asr-003666)  
Lalong-lalo na po yung mga mahirap.

**[03:00:24.000] Senator Christopher Lawrence T. Go** (asr-003667)  
Ngayon, sir,

**[03:00:25.560] Senator Christopher Lawrence T. Go** (asr-003668)  
balikan ko lang po konti yung

**[03:00:27.880] Senator Christopher Lawrence T. Go** (asr-003669)  
backtrack po tayo.

**[03:00:29.140] Senator Christopher Lawrence T. Go** (asr-003670)  
Si Treasurer

**[03:00:31.240] Senator Christopher Lawrence T. Go** (asr-003671)  
Sharon Almanza,

**[03:00:33.840] Senator Christopher Lawrence T. Go** (asr-003672)  
kailan po kayo nag-umpisa

**[03:00:35.020] Senator Christopher Lawrence T. Go** (asr-003673)  
bilang Treasurer, ma'am?

**[03:00:40.280] Treasurer of the Philippines Sharon P. Almanza** (asr-003674)  
2024 po.

**[03:00:42.160] Senator Christopher Lawrence T. Go** (asr-003675)  
Anong month po?

**[03:00:43.920] Treasurer of the Philippines Sharon P. Almanza** (asr-003676)  
March. Around

**[03:00:45.180] Treasurer of the Philippines Sharon P. Almanza** (asr-003677)  
March po.

**[03:00:46.680] Senator Christopher Lawrence T. Go** (asr-003678)  
So, are you familiar with

**[03:00:48.840] Senator Christopher Lawrence T. Go** (asr-003679)  
ito pong

**[03:00:51.140] Senator Christopher Lawrence T. Go** (asr-003680)  
yung mga

**[03:00:54.980] Senator Christopher Lawrence T. Go** (asr-003681)  
pinupul na fans

**[03:00:57.980] Senator Christopher Lawrence T. Go** (asr-003682)  
kinukuha ng

**[03:00:58.920] Senator Christopher Lawrence T. Go** (asr-003683)  
National Treasury?

**[03:01:00.300] Senator Christopher Lawrence T. Go** (asr-003684)  
Di ba dinadala sa inyo?

**[03:01:02.380] Senator Christopher Lawrence T. Go** (asr-003685)  
And then, do you still remember

**[03:01:04.620] Senator Christopher Lawrence T. Go** (asr-003686)  
Phil Health, fans?

**[03:01:06.800] Treasurer of the Philippines Sharon P. Almanza** (asr-003687)  
Yes, sir.

**[03:01:07.540] Senator Christopher Lawrence T. Go** (asr-003688)  
Ito po yung diniclare ng

**[03:01:09.100] Senator Christopher Lawrence T. Go** (asr-003689)  
Supreme Court na

**[03:01:12.600] Senator Christopher Lawrence T. Go** (asr-003690)  
illegal.

**[03:01:14.960] Senator Christopher Lawrence T. Go** (asr-003691)  
Noong una,

**[03:01:16.600] Senator Christopher Lawrence T. Go** (asr-003692)  
sabi ko nga,

**[03:01:18.660] Senator Christopher Lawrence T. Go** (asr-003693)  
it might be

**[03:01:20.120] Senator Christopher Lawrence T. Go** (asr-003694)  
legally

**[03:01:22.520] Senator Christopher Lawrence T. Go** (asr-003695)  
possible,

**[03:01:24.940] Senator Christopher Lawrence T. Go** (asr-003696)  
but morally unacceptable

**[03:01:26.880] Senator Christopher Lawrence T. Go** (asr-003697)  
po sa akin yung nangyari nung

**[03:01:28.600] Senator Christopher Lawrence T. Go** (asr-003698)  
2024.

**[03:01:30.860] Senator Christopher Lawrence T. Go** (asr-003699)  
Dahil marami pa pong mga kababayan natin

**[03:01:32.960] Senator Christopher Lawrence T. Go** (asr-003700)  
na mga mahirap,

**[03:01:34.820] Senator Christopher Lawrence T. Go** (asr-003701)  
na takot magpa-hospital,

**[03:01:37.180] Senator Christopher Lawrence T. Go** (asr-003702)  
ayaw magpa-hospital,

**[03:01:38.340] Senator Christopher Lawrence T. Go** (asr-003703)  
meron nga pong namatay

**[03:01:39.540] Senator Christopher Lawrence T. Go** (asr-003704)  
from Cebu, mag-ina,

**[03:01:43.720] Senator Christopher Lawrence T. Go** (asr-003705)  
yung buntis,

**[03:01:45.740] Senator Christopher Lawrence T. Go** (asr-003706)  
ayaw nang pumunta sa hospital

**[03:01:46.940] Senator Christopher Lawrence T. Go** (asr-003707)  
dahil takot po sa babayarin

**[03:01:48.480] Senator Christopher Lawrence T. Go** (asr-003708)  
sa kanilang pagpa-hospital.

**[03:01:51.220] Senator Christopher Lawrence T. Go** (asr-003709)  
At marami pong Pilipino

**[03:01:52.500] Senator Christopher Lawrence T. Go** (asr-003710)  
ang takot magpa-hospital ngayon

**[03:01:54.260] Senator Christopher Lawrence T. Go** (asr-003711)  
dahil sa babayarin sa hospital.

**[03:01:57.320] Senator Christopher Lawrence T. Go** (asr-003712)  
So, babalikan ko lang po

**[03:01:58.440] Senator Christopher Lawrence T. Go** (asr-003713)  
ito since

**[03:01:59.160] Senator Christopher Lawrence T. Go** (asr-003714)  
trabaho rin po ito ng

**[03:02:02.020] Senator Christopher Lawrence T. Go** (asr-003715)  
finance. Alam naman natin

**[03:02:03.880] Senator Christopher Lawrence T. Go** (asr-003716)  
ang trabaho ng finance,

**[03:02:06.640] Senator Christopher Lawrence T. Go** (asr-003717)  
sila yung

**[03:02:07.520] Senator Christopher Lawrence T. Go** (asr-003718)  
though allowed by Congress

**[03:02:10.260] Senator Christopher Lawrence T. Go** (asr-003719)  
kung merong mga excess funds

**[03:02:12.400] Senator Christopher Lawrence T. Go** (asr-003720)  
pinupool,

**[03:02:14.400] Senator Christopher Lawrence T. Go** (asr-003721)  
yun po yung pinuprogram.

**[03:02:17.000] Senator Christopher Lawrence T. Go** (asr-003722)  
Nilalagay doon sa mga

**[03:02:18.220] Senator Christopher Lawrence T. Go** (asr-003723)  
unprogrammed funds, ito yung

**[03:02:20.160] Senator Christopher Lawrence T. Go** (asr-003724)  
excess collection. Ang excess

**[03:02:22.240] Senator Christopher Lawrence T. Go** (asr-003725)  
collections, manggagaling po sa inyo.

**[03:02:24.300] Senator Christopher Lawrence T. Go** (asr-003726)  
Sa customs,

**[03:02:26.580] Senator Christopher Lawrence T. Go** (asr-003727)  
sa BIR.

**[03:02:28.440] Senator Christopher Lawrence T. Go** (asr-003728)  
So, balikan ko lang po itong

**[03:02:30.160] Senator Christopher Lawrence T. Go** (asr-003729)  
2024. Kasi sumama talaga

**[03:02:33.860] Senator Christopher Lawrence T. Go** (asr-003730)  
yung loob ko dito.

**[03:02:35.940] Senator Christopher Lawrence T. Go** (asr-003731)  
Lalong-lalo na po yung nangyari sa PhilHealth.

**[03:02:38.540] Senator Christopher Lawrence T. Go** (asr-003732)  
Dahil nung kalagitnaan

**[03:02:40.280] Senator Christopher Lawrence T. Go** (asr-003733)  
ng taon ng July

**[03:02:42.020] Senator Christopher Lawrence T. Go** (asr-003734)  
or June

**[03:02:43.600] Senator Christopher Lawrence T. Go** (asr-003735)  
ng 2024,

**[03:02:46.240] Senator Christopher Lawrence T. Go** (asr-003736)  
and I'm sure kayo na po ang

**[03:02:47.560] Senator Christopher Lawrence T. Go** (asr-003737)  
treasurer nun,

**[03:02:50.080] Senator Christopher Lawrence T. Go** (asr-003738)  
meron pong tinatawag na so-called

**[03:02:51.900] Senator Christopher Lawrence T. Go** (asr-003739)  
excess funds

**[03:02:53.520] Senator Christopher Lawrence T. Go** (asr-003740)  
ang PhilHealth

**[03:02:56.120] Senator Christopher Lawrence T. Go** (asr-003741)  
na about

**[03:02:57.300] Senator Christopher Lawrence T. Go** (asr-003742)  
91 billion nga po daw yun.

**[03:02:59.440] Senator Christopher Lawrence T. Go** (asr-003743)  
Unang-una na

**[03:03:00.240] Senator Christopher Lawrence T. Go** (asr-003744)  
balik po sa National Treasury

**[03:03:04.880] Senator Christopher Lawrence T. Go** (asr-003745)  
yung 31 billion.

**[03:03:06.880] Senator Christopher Lawrence T. Go** (asr-003746)  
Kaya nagkaroon po tayo ng hearing dito

**[03:03:08.900] Senator Christopher Lawrence T. Go** (asr-003747)  
sa Committee on Health. Sabi ko,

**[03:03:11.980] Senator Christopher Lawrence T. Go** (asr-003748)  
bakit kinuha

**[03:03:13.160] Senator Christopher Lawrence T. Go** (asr-003749)  
yung

**[03:03:14.420] Senator Christopher Lawrence T. Go** (asr-003750)  
60 billion?

**[03:03:17.960] Senator Christopher Lawrence T. Go** (asr-003751)  
60 billion.

**[03:03:19.260] Senator Christopher Lawrence T. Go** (asr-003752)  
60 muna una, diba?

**[03:03:20.860] Senator Christopher Lawrence T. Go** (asr-003753)  
Out of supposed 91 billion.

**[03:03:23.240] Senator Christopher Lawrence T. Go** (asr-003754)  
Hindi.

**[03:03:24.980] Senator Christopher Lawrence T. Go** (asr-003755)  
Pero yung in-approve yata,

**[03:03:27.300] Senator Christopher Lawrence T. Go** (asr-003756)  
90 po supposed.

**[03:03:28.860] Senator Christopher Lawrence T. Go** (asr-003757)  
90.

**[03:03:30.120] Senator Christopher Lawrence T. Go** (asr-003758)  
90 dapat.

**[03:03:31.520] Senator Christopher Lawrence T. Go** (asr-003759)  
So 30 yung na

**[03:03:32.700] Senator Christopher Lawrence T. Go** (asr-003760)  
na-remit sa National Treasury.

**[03:03:35.840] Senator Christopher Lawrence T. Go** (asr-003761)  
Kasi yung mga excess funds.

**[03:03:37.480] Senator Christopher Lawrence T. Go** (asr-003762)  
Pero wala po talagang excess funds

**[03:03:39.040] Senator Christopher Lawrence T. Go** (asr-003763)  
ang PhilHealth sa totoo lamang po.

**[03:03:42.140] Senator Christopher Lawrence T. Go** (asr-003764)  
Kaya sobrang sama ng loob ko nun.

**[03:03:44.740] Senator Christopher Lawrence T. Go** (asr-003765)  
Tingnan niyo po ah.

**[03:03:48.060] Senator Christopher Lawrence T. Go** (asr-003766)  
Nung 2024,

**[03:03:52.220] Senator Christopher Lawrence T. Go** (asr-003767)  
ang earmark po dapat

**[03:03:53.800] Senator Christopher Lawrence T. Go** (asr-003768)  
sa batas natin,

**[03:03:56.400] Senator Christopher Lawrence T. Go** (asr-003769)  
sa syntax,

**[03:03:57.300] Senator Christopher Lawrence T. Go** (asr-003770)  
law.

**[03:03:58.840] Senator Christopher Lawrence T. Go** (asr-003771)  
Earmark for PhilHealth is 79

**[03:04:00.680] Senator Christopher Lawrence T. Go** (asr-003772)  
billion.

**[03:04:03.340] Senator Christopher Lawrence T. Go** (asr-003773)  
Ngunit ang GAAS subsidy

**[03:04:05.000] Senator Christopher Lawrence T. Go** (asr-003774)  
na in-aprobahan sa Kongreso is

**[03:04:06.720] Senator Christopher Lawrence T. Go** (asr-003775)  
40.283

**[03:04:09.940] Senator Christopher Lawrence T. Go** (asr-003776)  
billion.

**[03:04:11.860] Senator Christopher Lawrence T. Go** (asr-003777)  
So makikita nyo lang po

**[03:04:13.300] Senator Christopher Lawrence T. Go** (asr-003778)  
sa screen.

**[03:04:19.120] Senator Christopher Lawrence T. Go** (asr-003779)  
Then, sa kalagitnaan ng taon,

**[03:04:21.320] Senator Christopher Lawrence T. Go** (asr-003780)  
60 billion was transferred to

**[03:04:23.120] Senator Christopher Lawrence T. Go** (asr-003781)  
National Treasury.

**[03:04:25.720] Senator Christopher Lawrence T. Go** (asr-003782)  
Pagdating ng 2025,

**[03:04:27.820] Senator Christopher Lawrence T. Go** (asr-003783)  
dapat yung earmark

**[03:04:29.900] Senator Christopher Lawrence T. Go** (asr-003784)  
for PhilHealth is 69.8 billion.

**[03:04:34.440] Senator Christopher Lawrence T. Go** (asr-003785)  
Eh, na-aprobahan sa Congress

**[03:04:36.120] Senator Christopher Lawrence T. Go** (asr-003786)  
is zero. Hindi po ako pumirma sa

**[03:04:37.820] Senator Christopher Lawrence T. Go** (asr-003787)  
BICAM report nun.

**[03:04:39.580] Senator Christopher Lawrence T. Go** (asr-003788)  
Nung budget

**[03:04:41.920] Senator Christopher Lawrence T. Go** (asr-003789)  
deliberation dito sa

**[03:04:43.680] Senator Christopher Lawrence T. Go** (asr-003790)  
Senado.

**[03:04:46.320] Senator Christopher Lawrence T. Go** (asr-003791)  
Dahil nakita ko zero po yung

**[03:04:48.100] Senator Christopher Lawrence T. Go** (asr-003792)  
inilaan for PhilHealth.

**[03:04:50.540] Senator Christopher Lawrence T. Go** (asr-003793)  
So, sobrang sakit na

**[03:04:52.000] Senator Christopher Lawrence T. Go** (asr-003794)  
makita mo, bakit zero?

**[03:04:53.880] Senator Christopher Lawrence T. Go** (asr-003795)  
Eh, nasa batas po

**[03:04:55.940] Senator Christopher Lawrence T. Go** (asr-003796)  
na mag-earmark po.

**[03:04:57.300] Senator Christopher Lawrence T. Go** (asr-003797)  
Not every year.

**[03:04:58.760] Senator Christopher Lawrence T. Go** (asr-003798)  
Sinasabi ko lang po ito,

**[03:04:59.740] Senator Christopher Lawrence T. Go** (asr-003799)  
Sekretary Frederick Gona,

**[03:05:01.240] Senator Christopher Lawrence T. Go** (asr-003800)  
tingnan nyo pong mabuti

**[03:05:03.080] Senator Christopher Lawrence T. Go** (asr-003801)  
kung ano po yung nandun sa batasana

**[03:05:05.620] Senator Christopher Lawrence T. Go** (asr-003802)  
po yun po ang inilaan.

**[03:05:08.000] Senator Christopher Lawrence T. Go** (asr-003803)  
So, nangyari,

**[03:05:09.100] Senator Christopher Lawrence T. Go** (asr-003804)  
in-aprobahan sa GAAS,

**[03:05:12.560] Senator Christopher Lawrence T. Go** (asr-003805)  
61.1

**[03:05:16.160] Senator Christopher Lawrence T. Go** (asr-003806)  
61 billion

**[03:05:17.900] Senator Christopher Lawrence T. Go** (asr-003807)  
514

**[03:05:19.380] Senator Christopher Lawrence T. Go** (asr-003808)  
61.514

**[03:05:21.920] Senator Christopher Lawrence T. Go** (asr-003809)  
billion. Pero ang binalik,

**[03:05:23.340] Senator Christopher Lawrence T. Go** (asr-003810)  
60 billion. Halos wala nang

**[03:05:25.240] Senator Christopher Lawrence T. Go** (asr-003811)  
naging budget ang PhilHealth.

**[03:05:27.300] Senator Christopher Lawrence T. Go** (asr-003812)  
PhilHealth for

**[03:05:28.480] Senator Christopher Lawrence T. Go** (asr-003813)  
2,224.

**[03:05:32.480] Senator Christopher Lawrence T. Go** (asr-003814)  
Habang marami pong mga kababayan natin

**[03:05:34.460] Senator Christopher Lawrence T. Go** (asr-003815)  
na hirap,

**[03:05:36.000] Senator Christopher Lawrence T. Go** (asr-003816)  
ayaw magpo-hospital,

**[03:05:37.880] Senator Christopher Lawrence T. Go** (asr-003817)  
takot magpo-hospital.

**[03:05:39.700] Senator Christopher Lawrence T. Go** (asr-003818)  
Pero tingnan nyo po sa inyong mga

**[03:05:41.600] Senator Christopher Lawrence T. Go** (asr-003819)  
hospital billing, magkano lang po ang

**[03:05:43.280] Senator Christopher Lawrence T. Go** (asr-003820)  
kinocover ng PhilHealth sa ngayon.

**[03:05:45.840] Senator Christopher Lawrence T. Go** (asr-003821)  
Minsan wala pang 1%.

**[03:05:47.340] Senator Christopher Lawrence T. Go** (asr-003822)  
Kayo po, ma'am, na-admit na ho ba

**[03:05:49.680] Senator Christopher Lawrence T. Go** (asr-003823)  
kayo?

**[03:05:51.480] Senator Christopher Lawrence T. Go** (asr-003824)  
Huwag naman po sana, pero na-avail

**[03:05:53.860] Senator Christopher Lawrence T. Go** (asr-003825)  
nyo ho ba ang...

**[03:05:54.620] Treasurer of the Philippines Sharon P. Almanza** (asr-003826)  
Recently po na-avail ko and

**[03:05:57.300] Treasurer of the Philippines Sharon P. Almanza** (asr-003827)  
naramdaman ko po yung PhilHealth.

**[03:05:58.780] Senator Christopher Lawrence T. Go** (asr-003828)  
Yung recently? What year was that, ma'am?

**[03:06:05.680] Treasurer of the Philippines Sharon P. Almanza** (asr-003829)  
Very recent po na

**[03:06:07.180] Treasurer of the Philippines Sharon P. Almanza** (asr-003830)  
na-admit po ako sa ER and naramdaman

**[03:06:09.560] Treasurer of the Philippines Sharon P. Almanza** (asr-003831)  
ko po talaga. Natuwa po ako.

**[03:06:11.120] Treasurer of the Philippines Sharon P. Almanza** (asr-003832)  
Natuwa po ako bilang member ng PhilHealth.

**[03:06:13.840] Senator Christopher Lawrence T. Go** (asr-003833)  
Ikaw, Sekretary Goh,

**[03:06:16.360] Senator Christopher Lawrence T. Go** (asr-003834)  
hindi mo pa na...

**[03:06:18.180] Senator Christopher Lawrence T. Go** (asr-003835)  
Baka ayaw mo lang i-avail

**[03:06:19.300] Senator Christopher Lawrence T. Go** (asr-003836)  
kasi meron kang

**[03:06:21.660] Senator Christopher Lawrence T. Go** (asr-003837)  
private na mga medical cards

**[03:06:23.620] Senator Christopher Lawrence T. Go** (asr-003838)  
siguro, healthcare.

**[03:06:25.520] Senator Christopher Lawrence T. Go** (asr-003839)  
Hindi mo na kailangan.

**[03:06:27.300] Senator Christopher Lawrence T. Go** (asr-003840)  
Baka hindi mo na siguro ina-avail yung

**[03:06:28.960] Senator Christopher Lawrence T. Go** (asr-003841)  
PhilHealth dahil may pambayad ka.

**[03:06:32.000] Senator Christopher Lawrence T. Go** (asr-003842)  
Anyway, seriously speaking.

**[03:06:36.020] Senator Christopher Lawrence T. Go** (asr-003843)  
Noong 2024,

**[03:06:38.800] Senator Christopher Lawrence T. Go** (asr-003844)  
pagdating noong

**[03:06:39.440] Senator Christopher Lawrence T. Go** (asr-003845)  
Disyembre,

**[03:06:41.420] Senator Christopher Lawrence T. Go** (asr-003846)  
nagkaroon po ng board meeting

**[03:06:43.160] Senator Christopher Lawrence T. Go** (asr-003847)  
ang PhilHealth.

**[03:06:45.440] Senator Christopher Lawrence T. Go** (asr-003848)  
Dahil nagpanik na sila.

**[03:06:47.500] Senator Christopher Lawrence T. Go** (asr-003849)  
Dahil, galit na yung tao eh.

**[03:06:50.480] Senator Christopher Lawrence T. Go** (asr-003850)  
Kasi binalik nga yung

**[03:06:51.380] Senator Christopher Lawrence T. Go** (asr-003851)  
60 billion. Hindi lang po kasalanan ng

**[03:06:53.400] Senator Christopher Lawrence T. Go** (asr-003852)  
Secretary of Finance dahil

**[03:06:55.140] Senator Christopher Lawrence T. Go** (asr-003853)  
nagpresentaan,

**[03:06:57.300] Senator Christopher Lawrence T. Go** (asr-003854)  
wala po yung PhilHealth na sabi nila.

**[03:06:58.880] Senator Christopher Lawrence T. Go** (asr-003855)  
Meron silang excess funds.

**[03:07:00.640] Senator Christopher Lawrence T. Go** (asr-003856)  
Nilagay po sa

**[03:07:01.660] Senator Christopher Lawrence T. Go** (asr-003857)  
pinul po yung funds.

**[03:07:04.840] Senator Christopher Lawrence T. Go** (asr-003858)  
Ganun lang po ang trabaho ng Secretary of Finance.

**[03:07:07.100] Senator Christopher Lawrence T. Go** (asr-003859)  
Panahon ni Secretary Dominguez

**[03:07:08.600] Senator Christopher Lawrence T. Go** (asr-003860)  
noong panahon ng pandemia, siya rin po yung

**[03:07:11.080] Senator Christopher Lawrence T. Go** (asr-003861)  
nag... kumbaga nagtatawag nito

**[03:07:13.020] Senator Christopher Lawrence T. Go** (asr-003862)  
is nagwawalis ng mga

**[03:07:14.300] Senator Christopher Lawrence T. Go** (asr-003863)  
pondo po. So, ginawa...

**[03:07:16.840] Senator Christopher Lawrence T. Go** (asr-003864)  
Iyan rin po ang ginawa ng Secretary of Finance.

**[03:07:19.580] Senator Christopher Lawrence T. Go** (asr-003865)  
Ang masakit lang po, sana

**[03:07:20.640] Senator Christopher Lawrence T. Go** (asr-003866)  
huwag gamitin yung sa health. Kasi ako po

**[03:07:22.980] Senator Christopher Lawrence T. Go** (asr-003867)  
ay naniniwala na ang PhilHealth

**[03:07:24.940] Senator Christopher Lawrence T. Go** (asr-003868)  
funds po ay para sa health

**[03:07:26.960] Senator Christopher Lawrence T. Go** (asr-003869)  
ng Pilipino.

**[03:07:29.040] Senator Christopher Lawrence T. Go** (asr-003870)  
So, ang ginawa ng PhilHealth noong

**[03:07:30.460] Senator Christopher Lawrence T. Go** (asr-003871)  
December of 2024, nagmadali sila,

**[03:07:33.240] Senator Christopher Lawrence T. Go** (asr-003872)  
nag-board meeting sila.

**[03:07:35.460] Senator Christopher Lawrence T. Go** (asr-003873)  
Doon po nila

**[03:07:36.160] Senator Christopher Lawrence T. Go** (asr-003874)  
ginawa yung mga increasing of

**[03:07:39.240] Senator Christopher Lawrence T. Go** (asr-003875)  
case rates.

**[03:07:41.080] Senator Christopher Lawrence T. Go** (asr-003876)  
Kaya naramdaman nyo na po siguro.

**[03:07:43.140] Senator Christopher Lawrence T. Go** (asr-003877)  
Yung pagpapaopera sa puso,

**[03:07:46.200] Senator Christopher Lawrence T. Go** (asr-003878)  
doon na nila

**[03:07:46.700] Senator Christopher Lawrence T. Go** (asr-003879)  
kinocover na pag nagkaroon

**[03:07:49.180] Senator Christopher Lawrence T. Go** (asr-003880)  
ka ng bypass,

**[03:07:50.800] Senator Christopher Lawrence T. Go** (asr-003881)  
ay 500,000 na yata yung

**[03:07:52.420] Senator Christopher Lawrence T. Go** (asr-003882)  
ikocover nila. But,

**[03:07:54.300] Senator Christopher Lawrence T. Go** (asr-003883)  
that was decided December

**[03:07:56.480] Senator Christopher Lawrence T. Go** (asr-003884)  
of

**[03:07:56.960] Senator Christopher Lawrence T. Go** (asr-003885)  
2024. Tapos na pong

**[03:07:59.040] Senator Christopher Lawrence T. Go** (asr-003886)  
kinuha yung pondo na

**[03:08:00.540] Senator Christopher Lawrence T. Go** (asr-003887)  
60 billion noong July

**[03:08:03.200] Senator Christopher Lawrence T. Go** (asr-003888)  
or June of 2024.

**[03:08:05.360] Senator Christopher Lawrence T. Go** (asr-003889)  
Dahil nagpanik na po yung PhilHealth

**[03:08:06.860] Senator Christopher Lawrence T. Go** (asr-003890)  
board. Nagmadali sila, tinaasan nila

**[03:08:08.940] Senator Christopher Lawrence T. Go** (asr-003891)  
yung case rates, sinama nila yung

**[03:08:11.120] Senator Christopher Lawrence T. Go** (asr-003892)  
check-up sa

**[03:08:13.180] Senator Christopher Lawrence T. Go** (asr-003893)  
mata,

**[03:08:16.000] Senator Christopher Lawrence T. Go** (asr-003894)  
at marami

**[03:08:17.120] Senator Christopher Lawrence T. Go** (asr-003895)  
silang mga pulisiya po.

**[03:08:19.460] Senator Christopher Lawrence T. Go** (asr-003896)  
Halimbawa,

**[03:08:20.920] Senator Christopher Lawrence T. Go** (asr-003897)  
yung 45 days

**[03:08:22.220] Senator Christopher Lawrence T. Go** (asr-003898)  
confinement policy nila.

**[03:08:24.100] Senator Christopher Lawrence T. Go** (asr-003899)  
Na pag hanggang

**[03:08:26.400] Senator Christopher Lawrence T. Go** (asr-003900)  
45 days ka lang po ikocover ng PhilHealth.

**[03:08:28.980] Senator Christopher Lawrence T. Go** (asr-003901)  
Ngayon, tinanggal na po nila yun.

**[03:08:30.740] Senator Christopher Lawrence T. Go** (asr-003902)  
Tayo pong nakapansin nun.

**[03:08:32.800] Senator Christopher Lawrence T. Go** (asr-003903)  
Yung single period of confinement

**[03:08:34.300] Senator Christopher Lawrence T. Go** (asr-003904)  
policy nila na

**[03:08:35.280] Senator Christopher Lawrence T. Go** (asr-003905)  
within 90 days, hindi ka pwedeng

**[03:08:38.120] Senator Christopher Lawrence T. Go** (asr-003906)  
i-cover muli ng PhilHealth. So, tinanggal

**[03:08:40.500] Senator Christopher Lawrence T. Go** (asr-003907)  
po nila yun noong December

**[03:08:42.080] Senator Christopher Lawrence T. Go** (asr-003908)  
of 2024.

**[03:08:45.500] Senator Christopher Lawrence T. Go** (asr-003909)  
Dahil nagpanik na po sila

**[03:08:46.660] Senator Christopher Lawrence T. Go** (asr-003910)  
at galit na po yung tao.

**[03:08:48.580] Senator Christopher Lawrence T. Go** (asr-003911)  
Sabi ko, sana ginawa nila yung mga

**[03:08:50.280] Senator Christopher Lawrence T. Go** (asr-003912)  
changes nila, yung mga reforms nila.

**[03:08:52.600] Senator Christopher Lawrence T. Go** (asr-003913)  
Tinanggal yung mga old

**[03:08:53.860] Senator Christopher Lawrence T. Go** (asr-003914)  
policies nila na single period of

**[03:08:56.240] Senator Christopher Lawrence T. Go** (asr-003915)  
confinement policy,

**[03:08:58.000] Senator Christopher Lawrence T. Go** (asr-003916)  
ginawa nila noong January of

**[03:09:00.120] Senator Christopher Lawrence T. Go** (asr-003917)  
2024, wala sanang

**[03:09:02.280] Senator Christopher Lawrence T. Go** (asr-003918)  
excess funds ang PhilHealth.

**[03:09:04.120] Senator Christopher Lawrence T. Go** (asr-003919)  
Walang kukunin ang

**[03:09:05.940] Senator Christopher Lawrence T. Go** (asr-003920)  
National Treasury. Walang kukunin

**[03:09:08.440] Senator Christopher Lawrence T. Go** (asr-003921)  
po ang Department of

**[03:09:10.260] Senator Christopher Lawrence T. Go** (asr-003922)  
Finance. Ang punto ko lang po

**[03:09:12.220] Senator Christopher Lawrence T. Go** (asr-003923)  
dito,

**[03:09:13.420] Senator Christopher Lawrence T. Go** (asr-003924)  
sir, kung ano po yung naayon sa batas

**[03:09:16.260] Senator Christopher Lawrence T. Go** (asr-003925)  
na ilagay po natin

**[03:09:18.240] Senator Christopher Lawrence T. Go** (asr-003926)  
na pondo para sa health.

**[03:09:19.980] Senator Christopher Lawrence T. Go** (asr-003927)  
Kasi ako po yung naniniwala na

**[03:09:21.360] Senator Christopher Lawrence T. Go** (asr-003928)  
ang PhilHealth po ay para sa health

**[03:09:24.200] Senator Christopher Lawrence T. Go** (asr-003929)  
ng bawat

**[03:09:26.240] Senator Christopher Lawrence T. Go** (asr-003930)  
Pilipino.

**[03:09:28.200] Senator Christopher Lawrence T. Go** (asr-003931)  
At salamat rin po sa Supreme Court

**[03:09:30.220] Senator Christopher Lawrence T. Go** (asr-003932)  
finally nakapag-decide sila.

**[03:09:32.320] Senator Christopher Lawrence T. Go** (asr-003933)  
Ipinabalik po noong

**[03:09:33.420] Senator Christopher Lawrence T. Go** (asr-003934)  
2026 yung 60

**[03:09:35.300] Senator Christopher Lawrence T. Go** (asr-003935)  
billion. Pero

**[03:09:37.300] Senator Christopher Lawrence T. Go** (asr-003936)  
tingnan nyo po,

**[03:09:40.600] Senator Christopher Lawrence T. Go** (asr-003937)  
dalawang taon po

**[03:09:41.580] Senator Christopher Lawrence T. Go** (asr-003938)  
ang PhilHealth.

**[03:09:43.940] Senator Christopher Lawrence T. Go** (asr-003939)  
Nabawasan sila ng 60 billion noong

**[03:09:45.680] Senator Christopher Lawrence T. Go** (asr-003940)  
2024, naging

**[03:09:47.960] Senator Christopher Lawrence T. Go** (asr-003941)  
zero sila

**[03:09:50.040] Senator Christopher Lawrence T. Go** (asr-003942)  
noong 2025.

**[03:09:52.040] Senator Christopher Lawrence T. Go** (asr-003943)  
It was double whammy po ang nangyari

**[03:09:54.000] Senator Christopher Lawrence T. Go** (asr-003944)  
sa PhilHealth. Sana

**[03:09:56.040] Senator Christopher Lawrence T. Go** (asr-003945)  
po, Sekretary

**[03:09:57.100] Senator Christopher Lawrence T. Go** (asr-003946)  
Frederick Goh,

**[03:10:01.060] Senator Christopher Lawrence T. Go** (asr-003947)  
uncle.

**[03:10:05.480] Senator Christopher Lawrence T. Go** (asr-003948)  
Hindi,

**[03:10:06.220] Senator Christopher Lawrence T. Go** (asr-003949)  
gaw po ang, minsan biro ko

**[03:10:08.120] Senator Christopher Lawrence T. Go** (asr-003950)  
sa kanya eh. Gaw,

**[03:10:10.020] Senator Christopher Lawrence T. Go** (asr-003951)  
uncle na kita ngayon.

**[03:10:12.020] Senator Christopher Lawrence T. Go** (asr-003952)  
Kasi tumanda ka na sa trabaho mo.

**[03:10:14.440] Senator Christopher Lawrence T. Go** (asr-003953)  
Pero, masarap

**[03:10:15.980] Senator Christopher Lawrence T. Go** (asr-003954)  
ang pakiramdam pag nakatulong ka

**[03:10:17.960] Senator Christopher Lawrence T. Go** (asr-003955)  
para sa bayan mo, Sekretary

**[03:10:19.740] Senator Christopher Lawrence T. Go** (asr-003956)  
Frederick. Sana po yung huwag maulit

**[03:10:22.020] Senator Christopher Lawrence T. Go** (asr-003957)  
ito na kung ano po yung pondo para

**[03:10:23.920] Senator Christopher Lawrence T. Go** (asr-003958)  
sa PhilHealth. Dahil marami pa po ang Pilipino.

**[03:10:26.040] Senator Christopher Lawrence T. Go** (asr-003959)  
Mga kailangan. Tama yung sinabi nyo

**[03:10:28.060] Senator Christopher Lawrence T. Go** (asr-003960)  
ngayon, ma'am. Ramdam na po natin.

**[03:10:30.360] Senator Christopher Lawrence T. Go** (asr-003961)  
Marami na pong mga reforma

**[03:10:31.780] Senator Christopher Lawrence T. Go** (asr-003962)  
na pinatanggal natin

**[03:10:33.260] Senator Christopher Lawrence T. Go** (asr-003963)  
na tayo po nakapansin.

**[03:10:37.920] Senator Christopher Lawrence T. Go** (asr-003964)  
At

**[03:10:38.160] Senator Christopher Lawrence T. Go** (asr-003965)  
sulit po yung pangungulit natin

**[03:10:40.020] Senator Christopher Lawrence T. Go** (asr-003966)  
sa PhilHealth.

**[03:10:41.900] Senator Christopher Lawrence T. Go** (asr-003967)  
Yung 24-hour confinement

**[03:10:43.920] Senator Christopher Lawrence T. Go** (asr-003968)  
policy, alam nyo po yun.

**[03:10:46.360] Senator Christopher Lawrence T. Go** (asr-003969)  
Na kailangan mong ma-admit muna

**[03:10:47.860] Senator Christopher Lawrence T. Go** (asr-003970)  
ng 24 hours

**[03:10:49.040] Senator Christopher Lawrence T. Go** (asr-003971)  
bago ka-cover ng PhilHealth. Kalukuhan naman yun.

**[03:10:52.820] Senator Christopher Lawrence T. Go** (asr-003972)  
Di ba? Sana gamitin mo

**[03:10:54.300] Senator Christopher Lawrence T. Go** (asr-003973)  
na lang yung pera sa

**[03:10:56.040] Senator Christopher Lawrence T. Go** (asr-003974)  
bili ng medisina kaysa ibayad mo sa kwarto.

**[03:10:58.720] Senator Christopher Lawrence T. Go** (asr-003975)  
So marami silang nadiscovering

**[03:11:00.120] Senator Christopher Lawrence T. Go** (asr-003976)  
mga pulisiyan na old policies

**[03:11:02.200] Senator Christopher Lawrence T. Go** (asr-003977)  
ng PhilHealth

**[03:11:03.000] Senator Christopher Lawrence T. Go** (asr-003978)  
na tinanggal nila

**[03:11:05.420] Senator Christopher Lawrence T. Go** (asr-003979)  
ng December

**[03:11:06.620] Senator Christopher Lawrence T. Go** (asr-003980)  
2024 sa board meeting nila.

**[03:11:10.600] Senator Christopher Lawrence T. Go** (asr-003981)  
Pero tapos na po.

**[03:11:12.100] Senator Christopher Lawrence T. Go** (asr-003982)  
Kinuha na yung

**[03:11:12.920] Senator Christopher Lawrence T. Go** (asr-003983)  
60 billion. Salamat naman po

**[03:11:15.880] Senator Christopher Lawrence T. Go** (asr-003984)  
at naibalik na yung 2026

**[03:11:18.120] Senator Christopher Lawrence T. Go** (asr-003985)  
inutos po ng

**[03:11:19.060] Senator Christopher Lawrence T. Go** (asr-003986)  
Pangulong Marcos na ibalik po siya.

**[03:11:22.700] Senator Christopher Lawrence T. Go** (asr-003987)  
Kaya lang, kung titignan mong

**[03:11:24.220] Senator Christopher Lawrence T. Go** (asr-003988)  
mabuti, I'm sure

**[03:11:26.040] Senator Christopher Lawrence T. Go** (asr-003989)  
talino ka naman po sa

**[03:11:27.520] Senator Christopher Lawrence T. Go** (asr-003990)  
Matt, Secretary

**[03:11:29.260] Senator Christopher Lawrence T. Go** (asr-003991)  
Frederico. Mat-talino ang mga go eh

**[03:11:31.900] Senator Christopher Lawrence T. Go** (asr-003992)  
sa Matt.

**[03:11:33.720] Senator Christopher Lawrence T. Go** (asr-003993)  
Makikita nyo naman po na

**[03:11:35.100] Senator Christopher Lawrence T. Go** (asr-003994)  
halos zero po yung

**[03:11:37.840] Senator Christopher Lawrence T. Go** (asr-003995)  
2024.

**[03:11:40.000] Senator Christopher Lawrence T. Go** (asr-003996)  
Sipin nyo, 60 billion.

**[03:11:42.540] Senator Christopher Lawrence T. Go** (asr-003997)  
61 billion yung budget nila.

**[03:11:47.520] Senator Christopher Lawrence T. Go** (asr-003998)  
61.514 billion

**[03:11:50.460] Senator Christopher Lawrence T. Go** (asr-003999)  
ang budget for 2024.

**[03:11:53.020] Senator Christopher Lawrence T. Go** (asr-004000)  
Ang kinuha

**[03:11:54.040] Senator Christopher Lawrence T. Go** (asr-004001)  
ng National Treasury

**[03:11:55.120] Senator Christopher Lawrence T. Go** (asr-004002)  
ng

**[03:11:56.040] Senator Christopher Lawrence T. Go** (asr-004003)  
60 billion. Halos

**[03:11:58.280] Senator Christopher Lawrence T. Go** (asr-004004)  
wala nang budget for 2024.

**[03:12:01.880] Senator Christopher Lawrence T. Go** (asr-004005)  
2025, zero

**[03:12:03.460] Senator Christopher Lawrence T. Go** (asr-004006)  
ang inapurbahan ng Congress.

**[03:12:07.600] Senator Christopher Lawrence T. Go** (asr-004007)  
So, double whammy po ito.

**[03:12:09.680] Senator Christopher Lawrence T. Go** (asr-004008)  
Ilan po

**[03:12:10.480] Senator Christopher Lawrence T. Go** (asr-004009)  
kayang pasyente ang makikinabang

**[03:12:12.920] Senator Christopher Lawrence T. Go** (asr-004010)  
dito? Ilang buhay po kaya

**[03:12:14.460] Senator Christopher Lawrence T. Go** (asr-004011)  
ang maisasalbar kung nagamit

**[03:12:16.780] Senator Christopher Lawrence T. Go** (asr-004012)  
po yung pondo ng

**[03:12:17.860] Senator Christopher Lawrence T. Go** (asr-004013)  
PhilHealth?

**[03:12:20.720] Senator Christopher Lawrence T. Go** (asr-004014)  
Kawawa po yung mga Pilipino.

**[03:12:22.280] Senator Christopher Lawrence T. Go** (asr-004015)  
Yung mga mahihirap nating kababayang

**[03:12:24.180] Senator Christopher Lawrence T. Go** (asr-004016)  
Pilipino. So,

**[03:12:26.040] Senator Christopher Lawrence T. Go** (asr-004017)  
salamat po sa PhilHealth. Salamat rin po

**[03:12:28.300] Senator Christopher Lawrence T. Go** (asr-004018)  
sa inyong lahat na naibalik ito ngayong

**[03:12:30.280] Senator Christopher Lawrence T. Go** (asr-004019)  
2026

**[03:12:32.480] Senator Christopher Lawrence T. Go** (asr-004020)  
sa utos po ng Pangulong

**[03:12:34.440] Senator Christopher Lawrence T. Go** (asr-004021)  
Marcos. And hopefully sa

**[03:12:36.140] Senator Christopher Lawrence T. Go** (asr-004022)  
2027, pakibantayan nyo lang po

**[03:12:38.480] Senator Christopher Lawrence T. Go** (asr-004023)  
ito na sana po

**[03:12:40.060] Senator Christopher Lawrence T. Go** (asr-004024)  
according to

**[03:12:41.880] Senator Christopher Lawrence T. Go** (asr-004025)  
itong syntax

**[03:12:44.560] Senator Christopher Lawrence T. Go** (asr-004026)  
law na inapurbahan po natin dito

**[03:12:46.420] Senator Christopher Lawrence T. Go** (asr-004027)  
sa Congress, kung ano yung nasa batas

**[03:12:48.320] Senator Christopher Lawrence T. Go** (asr-004028)  
na 75.2 billion,

**[03:12:51.060] Senator Christopher Lawrence T. Go** (asr-004029)  
yun rin po ang may bibigay

**[03:12:52.340] Senator Christopher Lawrence T. Go** (asr-004030)  
sa PhilHealth. Of course,

**[03:12:54.520] Senator Christopher Lawrence T. Go** (asr-004031)  
ang magbabantayan yan,

**[03:12:56.040] Senator Christopher Lawrence T. Go** (asr-004032)  
ang champion po ng Universal

**[03:12:57.780] Senator Christopher Lawrence T. Go** (asr-004033)  
Healthcare Law natin dito. Ito po

**[03:13:00.060] Senator Christopher Lawrence T. Go** (asr-004034)  
yung ating chairperson.

**[03:13:02.580] Senator Christopher Lawrence T. Go** (asr-004035)  
Timing po ito dahil

**[03:13:03.680] Senator Christopher Lawrence T. Go** (asr-004036)  
yung UHC Law,

**[03:13:06.200] Senator Christopher Lawrence T. Go** (asr-004037)  
siya po ang principal sponsor

**[03:13:07.880] Senator Christopher Lawrence T. Go** (asr-004038)  
ng batas na yan. At

**[03:13:09.620] Senator Christopher Lawrence T. Go** (asr-004039)  
kaya nga tayo inaprubahan

**[03:13:12.060] Senator Christopher Lawrence T. Go** (asr-004040)  
dito sa syntax law, para

**[03:13:13.920] Senator Christopher Lawrence T. Go** (asr-004041)  
kung ano yung intended na pondo po para

**[03:13:15.960] Senator Christopher Lawrence T. Go** (asr-004042)  
sa PhilHealth, ay dapat po nasa PhilHealth.

**[03:13:18.040] Senator Christopher Lawrence T. Go** (asr-004043)  
Gusto ko lang po i-share sa inyo kasi maring

**[03:13:20.060] Senator Christopher Lawrence T. Go** (asr-004044)  
hindi nyo po ito napansin

**[03:13:22.400] Senator Christopher Lawrence T. Go** (asr-004045)  
po, sir. Marami

**[03:13:24.160] Senator Christopher Lawrence T. Go** (asr-004046)  
pong mapapakinabangan.

**[03:13:26.040] Senator Christopher Lawrence T. Go** (asr-004047)  
Ang ating mga kababayan, lalong-lalo na po

**[03:13:28.000] Senator Christopher Lawrence T. Go** (asr-004048)  
yung mga mahirap na wala pong ibang matakbuhan

**[03:13:30.400] Senator Christopher Lawrence T. Go** (asr-004049)  
kung hindi tayo pong

**[03:13:31.480] Senator Christopher Lawrence T. Go** (asr-004050)  
nasa gobyerno po.

**[03:13:34.100] Senator Christopher Lawrence T. Go** (asr-004051)  
Importante rito yung proper

**[03:13:35.980] Senator Christopher Lawrence T. Go** (asr-004052)  
earmarking po

**[03:13:38.720] Senator Christopher Lawrence T. Go** (asr-004053)  
para sa PhilHealth

**[03:13:40.220] Senator Christopher Lawrence T. Go** (asr-004054)  
dahil

**[03:13:40.820] Senator Christopher Lawrence T. Go** (asr-004055)  
ang kalusugan po

**[03:13:43.700] Senator Christopher Lawrence T. Go** (asr-004056)  
ng Pilipino ay katumbas yan ang buhay

**[03:13:45.920] Senator Christopher Lawrence T. Go** (asr-004057)  
ng bawat Pilipino.

**[03:13:48.440] Senator Christopher Lawrence T. Go** (asr-004058)  
For next year po itong

**[03:13:49.760] Senator Christopher Lawrence T. Go** (asr-004059)  
74

**[03:13:50.480] Senator Christopher Lawrence T. Go** (asr-004060)  
2027,

**[03:13:56.040] Senator Christopher Lawrence T. Go** (asr-004061)  
74 billion po.

**[03:13:58.760] Senator Christopher Lawrence T. Go** (asr-004062)  
So medyo nag-match na po siya.

**[03:14:02.420] Senator Christopher Lawrence T. Go** (asr-004063)  
Next question lang po.

**[03:14:04.960] Senator Christopher Lawrence T. Go** (asr-004064)  
I also filed a bill,

**[03:14:06.340] Senator Christopher Lawrence T. Go** (asr-004065)  
Senate Bill 1849.

**[03:14:08.960] Senator Christopher Lawrence T. Go** (asr-004066)  
Ito pong abolishing the

**[03:14:10.260] Senator Christopher Lawrence T. Go** (asr-004067)  
travel tax.

**[03:14:12.420] Senator Christopher Lawrence T. Go** (asr-004068)  
The government currently collects

**[03:14:14.320] Senator Christopher Lawrence T. Go** (asr-004069)  
a 1,620

**[03:14:17.220] Senator Christopher Lawrence T. Go** (asr-004070)  
travel tax from

**[03:14:18.340] Senator Christopher Lawrence T. Go** (asr-004071)  
economy plus passengers

**[03:14:20.340] Senator Christopher Lawrence T. Go** (asr-004072)  
departing the Philippines

**[03:14:22.360] Senator Christopher Lawrence T. Go** (asr-004073)  
on international flights.

**[03:14:23.880] Senator Christopher Lawrence T. Go** (asr-004074)  
Importante po pagkaanin,

**[03:14:26.040] Senator Christopher Lawrence T. Go** (asr-004075)  
natin ang pasanin ng ating mga kababayan

**[03:14:28.360] Senator Christopher Lawrence T. Go** (asr-004076)  
lalo na po yung mga Pilipinong

**[03:14:30.320] Senator Christopher Lawrence T. Go** (asr-004077)  
gustong maglakbay.

**[03:14:32.420] Senator Christopher Lawrence T. Go** (asr-004078)  
Travel tax has been

**[03:14:33.880] Senator Christopher Lawrence T. Go** (asr-004079)  
an additional burden for travelers.

**[03:14:36.840] Senator Christopher Lawrence T. Go** (asr-004080)  
Pero sa OFWs natin

**[03:14:38.240] Senator Christopher Lawrence T. Go** (asr-004081)  
ang exempted naman po sila.

**[03:14:40.420] Senator Christopher Lawrence T. Go** (asr-004082)  
For example, a family of four

**[03:14:42.060] Senator Christopher Lawrence T. Go** (asr-004083)  
would pay a total of

**[03:14:43.800] Senator Christopher Lawrence T. Go** (asr-004084)  
6,480 in travel tax.

**[03:14:46.940] Senator Christopher Lawrence T. Go** (asr-004085)  
This amount could have been

**[03:14:48.040] Senator Christopher Lawrence T. Go** (asr-004086)  
used instead for travel insurance,

**[03:14:50.840] Senator Christopher Lawrence T. Go** (asr-004087)  
accommodations, or other

**[03:14:52.060] Senator Christopher Lawrence T. Go** (asr-004088)  
family needs. This could make

**[03:14:53.960] Senator Christopher Lawrence T. Go** (asr-004089)  
a difference in the quality of

**[03:14:55.960] Senator Christopher Lawrence T. Go** (asr-004090)  
a Filipino family's

**[03:14:59.260] Senator Christopher Lawrence T. Go** (asr-004091)  
travel experience.

**[03:15:00.000] Senator Christopher Lawrence T. Go** (asr-004092)  
ano bang position ninyo dito

**[03:15:03.520] Senator Christopher Lawrence T. Go** (asr-004093)  
Secretary Goh

**[03:15:07.520] Senator Christopher Lawrence T. Go** (asr-004094)  
at before you answer that

**[03:15:09.480] Senator Christopher Lawrence T. Go** (asr-004095)  
tulungan mo rin sana

**[03:15:11.280] Senator Christopher Lawrence T. Go** (asr-004096)  
aside from this travel tax

**[03:15:13.740] Senator Christopher Lawrence T. Go** (asr-004097)  
kung sakaling may isa batas ito

**[03:15:15.100] Senator Christopher Lawrence T. Go** (asr-004098)  
kailangan mo nang sundin

**[03:15:17.380] Senator Christopher Lawrence T. Go** (asr-004099)  
pero ano bang position ninyo dito

**[03:15:19.900] Senator Christopher Lawrence T. Go** (asr-004100)  
at meron pong isa pa

**[03:15:21.840] Senator Christopher Lawrence T. Go** (asr-004101)  
kahapon lang namin ito na-discuss

**[03:15:24.980] Senator Christopher Lawrence T. Go** (asr-004102)  
na plano po ng

**[03:15:26.980] Senator Christopher Lawrence T. Go** (asr-004103)  
itong Department of

**[03:15:30.120] Senator Christopher Lawrence T. Go** (asr-004104)  
Foreign Affairs

**[03:15:32.420] Senator Christopher Lawrence T. Go** (asr-004105)  
or through APO

**[03:15:33.520] Senator Christopher Lawrence T. Go** (asr-004106)  
itong APO Production Unit

**[03:15:36.360] Senator Christopher Lawrence T. Go** (asr-004107)  
na taasan po ang

**[03:15:37.700] Senator Christopher Lawrence T. Go** (asr-004108)  
passport processing fee

**[03:15:42.680] Senator Christopher Lawrence T. Go** (asr-004109)  
from 950 to 1,500

**[03:15:46.100] Senator Christopher Lawrence T. Go** (asr-004110)  
mas lalo pong pabigat ito

**[03:15:49.380] Senator Christopher Lawrence T. Go** (asr-004111)  
Secretary Goh

**[03:15:51.800] Senator Christopher Lawrence T. Go** (asr-004112)  
dahil bawat piso, bawat sentimo

**[03:15:54.500] Senator Christopher Lawrence T. Go** (asr-004113)  
ay napakahalaga po sa mga

**[03:15:55.960] Senator Christopher Lawrence T. Go** (asr-004114)  
ordinaryong Pilipinas

**[03:15:56.980] Senator Christopher Lawrence T. Go** (asr-004115)  
na nagta-travel po

**[03:15:58.360] Senator Christopher Lawrence T. Go** (asr-004116)  
sa totoo lamang po

**[03:15:59.400] Senator Christopher Lawrence T. Go** (asr-004117)  
mabigat po yung additional

**[03:16:00.920] Senator Christopher Lawrence T. Go** (asr-004118)  
na passport processing fee

**[03:16:05.600] Senator Christopher Lawrence T. Go** (asr-004119)  
kung sakaling i-increase nila ito

**[03:16:07.880] Senator Christopher Lawrence T. Go** (asr-004120)  
kaya po, nakiusap nga po ako

**[03:16:10.340] Senator Christopher Lawrence T. Go** (asr-004121)  
kahapon kay Secretary Kakdak

**[03:16:12.660] Senator Christopher Lawrence T. Go** (asr-004122)  
at papakiusapan raw niya

**[03:16:14.920] Senator Christopher Lawrence T. Go** (asr-004123)  
si Secretary

**[03:16:16.100] Senator Christopher Lawrence T. Go** (asr-004124)  
Lazaro

**[03:16:17.840] Senator Christopher Lawrence T. Go** (asr-004125)  
or ang Office of the President

**[03:16:20.360] Senator Christopher Lawrence T. Go** (asr-004126)  
dahil itong GOCC na APO

**[03:16:22.320] Senator Christopher Lawrence T. Go** (asr-004127)  
is under

**[03:16:22.960] Senator Christopher Lawrence T. Go** (asr-004128)  
the

**[03:16:23.960] Senator Christopher Lawrence T. Go** (asr-004129)  
GOCC

**[03:16:24.120] Senator Christopher Lawrence T. Go** (asr-004130)  
or the

**[03:16:26.980] Senator Christopher Lawrence T. Go** (asr-004131)  
OCC po ito

**[03:16:27.820] Senator Christopher Lawrence T. Go** (asr-004132)  
under the Office of the President

**[03:16:29.820] Senator Christopher Lawrence T. Go** (asr-004133)  
baka pwede niyo pong pagtulungan

**[03:16:31.820] Senator Christopher Lawrence T. Go** (asr-004134)  
ni Secretary Kakdak

**[03:16:33.820] Senator Christopher Lawrence T. Go** (asr-004135)  
Secretary Goh na

**[03:16:35.820] Senator Christopher Lawrence T. Go** (asr-004136)  
huwag muna sanang mag-increase

**[03:16:37.820] Senator Christopher Lawrence T. Go** (asr-004137)  
itong

**[03:16:39.820] Senator Christopher Lawrence T. Go** (asr-004138)  
passport fee

**[03:16:41.820] Senator Christopher Lawrence T. Go** (asr-004139)  
or passport processing fee

**[03:16:43.820] Senator Christopher Lawrence T. Go** (asr-004140)  
yun lang, pakiuna

**[03:16:45.820] Senator Christopher Lawrence T. Go** (asr-004141)  
pakisagot muna itong

**[03:16:47.820] Senator Christopher Lawrence T. Go** (asr-004142)  
matulungan niyo ba kami and then

**[03:16:49.820] Senator Christopher Lawrence T. Go** (asr-004143)  
puntahan po natin itong travel tax

**[03:16:51.820] DOF Secretary Frederick D. Go** (asr-004144)  
Mr. Chair

**[03:16:53.820] DOF Secretary Frederick D. Go** (asr-004145)  
una sa lahat gusto kong mag-

**[03:16:56.980] DOF Secretary Frederick D. Go** (asr-004146)  
express ng aking lubos na

**[03:16:58.580] DOF Secretary Frederick D. Go** (asr-004147)  
pagsasalamat kay Senator Bong Go

**[03:17:01.460] DOF Secretary Frederick D. Go** (asr-004148)  
sa lahat ng

**[03:17:02.820] DOF Secretary Frederick D. Go** (asr-004149)  
introduction nya

**[03:17:04.060] DOF Secretary Frederick D. Go** (asr-004150)  
kanina nang sinabi nyong

**[03:17:05.680] DOF Secretary Frederick D. Go** (asr-004151)  
support ninyo sa Department of Finance

**[03:17:07.860] DOF Secretary Frederick D. Go** (asr-004152)  
maraming maraming salamat po

**[03:17:09.580] DOF Secretary Frederick D. Go** (asr-004153)  
dun Senator Bong Go

**[03:17:11.660] DOF Secretary Frederick D. Go** (asr-004154)  
at

**[03:17:12.980] DOF Secretary Frederick D. Go** (asr-004155)  
second po

**[03:17:14.280] DOF Secretary Frederick D. Go** (asr-004156)  
I completely recognized that you are the most

**[03:17:17.980] DOF Secretary Frederick D. Go** (asr-004157)  
popular advocate of health

**[03:17:19.740] DOF Secretary Frederick D. Go** (asr-004158)  
in the entire legislature

**[03:17:21.740] DOF Secretary Frederick D. Go** (asr-004159)  
so I completely

**[03:17:23.740] DOF Secretary Frederick D. Go** (asr-004160)  
sympathize and understand the concerns that you raised

**[03:17:26.820] DOF Secretary Frederick D. Go** (asr-004161)  
regarding PhilHealth.

**[03:17:30.040] DOF Secretary Frederick D. Go** (asr-004162)  
Third po,

**[03:17:31.360] DOF Secretary Frederick D. Go** (asr-004163)  
since na-decision na po yan

**[03:17:34.620] DOF Secretary Frederick D. Go** (asr-004164)  
ng Supreme Court,

**[03:17:35.880] DOF Secretary Frederick D. Go** (asr-004165)  
I believe it will never happen again.

**[03:17:39.520] DOF Secretary Frederick D. Go** (asr-004166)  
And if I may just say,

**[03:17:41.720] DOF Secretary Frederick D. Go** (asr-004167)  
at least,

**[03:17:43.340] DOF Secretary Frederick D. Go** (asr-004168)  
ang pagbalik ng 60 billion po

**[03:17:44.900] DOF Secretary Frederick D. Go** (asr-004169)  
sa PhilHealth ay nangyari po

**[03:17:46.380] DOF Secretary Frederick D. Go** (asr-004170)  
nung panahon ko na dito sa

**[03:17:47.740] DOF Secretary Frederick D. Go** (asr-004171)  
Department of Finance.

**[03:17:51.160] DOF Secretary Frederick D. Go** (asr-004172)  
Pangapat po,

**[03:17:52.800] DOF Secretary Frederick D. Go** (asr-004173)  
ang may tutulong po nang namin sa inyo

**[03:17:55.180] DOF Secretary Frederick D. Go** (asr-004174)  
dito sa earmarking

**[03:17:57.360] DOF Secretary Frederick D. Go** (asr-004175)  
ay ang Department of Finance

**[03:17:59.400] DOF Secretary Frederick D. Go** (asr-004176)  
can certify

**[03:18:00.420] DOF Secretary Frederick D. Go** (asr-004177)  
the revenues generated

**[03:18:03.640] DOF Secretary Frederick D. Go** (asr-004178)  
that are being earmarked for

**[03:18:06.780] DOF Secretary Frederick D. Go** (asr-004179)  
PhilHealth.

**[03:18:10.020] DOF Secretary Frederick D. Go** (asr-004180)  
Sa DBM na po yung ang pag-

**[03:18:13.180] DOF Secretary Frederick D. Go** (asr-004181)  
finalize ng

**[03:18:14.840] DOF Secretary Frederick D. Go** (asr-004182)  
National Expenditure Program.

**[03:18:17.560] DOF Secretary Frederick D. Go** (asr-004183)  
Pero pwede po namin ibigay sa inyo

**[03:18:19.280] DOF Secretary Frederick D. Go** (asr-004184)  
yung impormasyon kung ano talaga

**[03:18:21.120] DOF Secretary Frederick D. Go** (asr-004185)  
ang revenues ng gobyerno

**[03:18:23.580] DOF Secretary Frederick D. Go** (asr-004186)  
regarding SYNTAX.

**[03:18:25.180] DOF Secretary Frederick D. Go** (asr-004187)  
For example,

**[03:18:28.360] DOF Secretary Frederick D. Go** (asr-004188)  
Number five po,

**[03:18:32.560] DOF Secretary Frederick D. Go** (asr-004189)  
supporta po kami sa pagtanggal

**[03:18:34.800] DOF Secretary Frederick D. Go** (asr-004190)  
ng travel tax.

**[03:18:36.720] DOF Secretary Frederick D. Go** (asr-004191)  
The Department of Finance has officially

**[03:18:38.920] DOF Secretary Frederick D. Go** (asr-004192)  
transmitted our position

**[03:18:40.560] DOF Secretary Frederick D. Go** (asr-004193)  
to the legislature,

**[03:18:42.660] DOF Secretary Frederick D. Go** (asr-004194)  
including the Senate,

**[03:18:43.980] DOF Secretary Frederick D. Go** (asr-004195)  
in the Senate hearing,

**[03:18:46.040] DOF Secretary Frederick D. Go** (asr-004196)  
that we support the abolishment

**[03:18:48.300] DOF Secretary Frederick D. Go** (asr-004197)  
of travel tax

**[03:18:50.920] DOF Secretary Frederick D. Go** (asr-004198)  
for all the reasons

**[03:18:52.440] DOF Secretary Frederick D. Go** (asr-004199)  
you mentioned earlier po.

**[03:18:54.600] Senator Christopher Lawrence T. Go** (asr-004200)  
Promise, ha?

**[03:18:55.800] DOF Secretary Frederick D. Go** (asr-004201)  
Yes, we support.

**[03:18:57.540] DOF Secretary Frederick D. Go** (asr-004202)  
For the record,

**[03:18:58.620] DOF Secretary Frederick D. Go** (asr-004203)  
the Department of Finance supports

**[03:19:00.380] DOF Secretary Frederick D. Go** (asr-004204)  
the removal or

**[03:19:03.440] DOF Secretary Frederick D. Go** (asr-004205)  
abolishing the travel tax.

**[03:19:06.840] Senator Christopher Lawrence T. Go** (asr-004206)  
Salamat. Malaking bagay po yun

**[03:19:08.280] Senator Christopher Lawrence T. Go** (asr-004207)  
dahil sabi ko nga,

**[03:19:09.220] Senator Christopher Lawrence T. Go** (asr-004208)  
bawat piso, bawat sentimo po

**[03:19:10.980] Senator Christopher Lawrence T. Go** (asr-004209)  
ay napakalaga sa ordinaryong

**[03:19:13.320] Senator Christopher Lawrence T. Go** (asr-004210)  
Pilipino na

**[03:19:14.500] Senator Christopher Lawrence T. Go** (asr-004211)  
nais rin pong makapag-travel.

**[03:19:16.880] Senator Christopher Lawrence T. Go** (asr-004212)  
Going back to my,

**[03:19:18.340] Senator Christopher Lawrence T. Go** (asr-004213)  
yung nabanggit ko kanina about the

**[03:19:20.280] Senator Christopher Lawrence T. Go** (asr-004214)  
passport processing fee,

**[03:19:22.300] Senator Christopher Lawrence T. Go** (asr-004215)  
baka matulungan nyo rin po na

**[03:19:24.420] Senator Christopher Lawrence T. Go** (asr-004216)  
ipagpaliban muna at huwag mo nang

**[03:19:26.140] Senator Christopher Lawrence T. Go** (asr-004217)  
i-increase ang

**[03:19:27.160] Senator Christopher Lawrence T. Go** (asr-004218)  
itong passport processing fee.

**[03:19:30.760] Senator Christopher Lawrence T. Go** (asr-004219)  
Mabigat po ito,

**[03:19:31.880] Senator Christopher Lawrence T. Go** (asr-004220)  
Secretary Frederico.

**[03:19:34.500] DOF Secretary Frederick D. Go** (asr-004221)  
Mr. Chair, Mr. Senator,

**[03:19:36.640] DOF Secretary Frederick D. Go** (asr-004222)  
I'm a big believer that

**[03:19:38.560] DOF Secretary Frederick D. Go** (asr-004223)  
that there are many

**[03:19:41.540] DOF Secretary Frederick D. Go** (asr-004224)  
ways to become more efficient

**[03:19:43.960] DOF Secretary Frederick D. Go** (asr-004225)  
in government, which is why po,

**[03:19:46.260] DOF Secretary Frederick D. Go** (asr-004226)  
if you will allow me, I'm very proud of

**[03:19:48.400] DOF Secretary Frederick D. Go** (asr-004227)  
some members here of my team,

**[03:19:50.640] DOF Secretary Frederick D. Go** (asr-004228)  
like I want to mention, say the SEC.

**[03:19:53.700] DOF Secretary Frederick D. Go** (asr-004229)  
Nung nababagay,

**[03:19:54.420] DOF Secretary Frederick D. Go** (asr-004230)  
umupo po si Chairman Francis Lim.

**[03:19:56.920] DOF Secretary Frederick D. Go** (asr-004231)  
We worked together

**[03:19:57.740] DOF Secretary Frederick D. Go** (asr-004232)  
and we determined how we can actually

**[03:20:00.380] DOF Secretary Frederick D. Go** (asr-004233)  
reduce fees.

**[03:20:03.140] DOF Secretary Frederick D. Go** (asr-004234)  
So the registration of

**[03:20:04.480] DOF Secretary Frederick D. Go** (asr-004235)  
MSMEs at the SEC,

**[03:20:07.180] DOF Secretary Frederick D. Go** (asr-004236)  
we reduced the fees.

**[03:20:08.240] DOF Secretary Frederick D. Go** (asr-004237)  
Binaba po natin yung fees.

**[03:20:10.380] DOF Secretary Frederick D. Go** (asr-004238)  
Kaya siguro yung mga tao, sanay na sanay na

**[03:20:12.700] DOF Secretary Frederick D. Go** (asr-004239)  
nasa gobyerno, every year

**[03:20:14.660] DOF Secretary Frederick D. Go** (asr-004240)  
or every two years, every three years,

**[03:20:16.240] DOF Secretary Frederick D. Go** (asr-004241)  
nagtataas tayo ng fees.

**[03:20:19.240] DOF Secretary Frederick D. Go** (asr-004242)  
Kung hindi naman kailangan,

**[03:20:21.060] DOF Secretary Frederick D. Go** (asr-004243)  
bakit pa tayo mag-i-increase

**[03:20:22.720] DOF Secretary Frederick D. Go** (asr-004244)  
ng fees?

**[03:20:24.420] DOF Secretary Frederick D. Go** (asr-004245)  
Dito rin po sa Bureau of Customs,

**[03:20:26.860] DOF Secretary Frederick D. Go** (asr-004246)  
dati po yung accreditation ng

**[03:20:28.600] DOF Secretary Frederick D. Go** (asr-004247)  
Customs Brokers,

**[03:20:30.420] DOF Secretary Frederick D. Go** (asr-004248)  
annual po yun. Every year,

**[03:20:32.880] DOF Secretary Frederick D. Go** (asr-004249)  
so talagang

**[03:20:33.640] DOF Secretary Frederick D. Go** (asr-004250)  
maraming trabaho yan eh.

**[03:20:36.440] DOF Secretary Frederick D. Go** (asr-004251)  
Pag re-renew ng yung lisensya

**[03:20:38.460] DOF Secretary Frederick D. Go** (asr-004252)  
at every year magbabayad ka po ng

**[03:20:40.480] DOF Secretary Frederick D. Go** (asr-004253)  
Brokers Accreditation Fee.

**[03:20:42.620] DOF Secretary Frederick D. Go** (asr-004254)  
Ang ginawa po namin dyan, every

**[03:20:44.460] DOF Secretary Frederick D. Go** (asr-004255)  
three years na. Tapos,

**[03:20:47.020] DOF Secretary Frederick D. Go** (asr-004256)  
ang equivalent ng babayaran mong

**[03:20:48.580] DOF Secretary Frederick D. Go** (asr-004257)  
fees, binawasan pa namin.

**[03:20:50.540] DOF Secretary Frederick D. Go** (asr-004258)  
So ngayon,

**[03:20:52.240] DOF Secretary Frederick D. Go** (asr-004259)  
hindi ka na ma-madidistribute

**[03:20:54.420] DOF Secretary Frederick D. Go** (asr-004260)  
Torbo, every year, pangalawa,

**[03:20:56.360] DOF Secretary Frederick D. Go** (asr-004261)  
mas mura pa ang pag-accredit

**[03:20:58.560] DOF Secretary Frederick D. Go** (asr-004262)  
ng Brokers Fees.

**[03:21:00.540] DOF Secretary Frederick D. Go** (asr-004263)  
Kaya po, I'm

**[03:21:02.400] DOF Secretary Frederick D. Go** (asr-004264)  
quite proud na

**[03:21:04.480] DOF Secretary Frederick D. Go** (asr-004265)  
dito kami sa DOF

**[03:21:06.560] DOF Secretary Frederick D. Go** (asr-004266)  
at yung family namin.

**[03:21:08.800] DOF Secretary Frederick D. Go** (asr-004267)  
Naghanap kami ng mga paraan

**[03:21:10.220] DOF Secretary Frederick D. Go** (asr-004268)  
kung paano maibaba ang cost

**[03:21:12.640] DOF Secretary Frederick D. Go** (asr-004269)  
of transacting

**[03:21:14.460] DOF Secretary Frederick D. Go** (asr-004270)  
with the government. Sa land bank po,

**[03:21:16.780] DOF Secretary Frederick D. Go** (asr-004271)  
kung pwede ko lang banggitin,

**[03:21:18.240] DOF Secretary Frederick D. Go** (asr-004272)  
Mr. Chair, Mr. Senator,

**[03:21:20.720] DOF Secretary Frederick D. Go** (asr-004273)  
tayo po ang nag-umpisa noong

**[03:21:22.200] DOF Secretary Frederick D. Go** (asr-004274)  
May of this year.

**[03:21:24.420] DOF Secretary Frederick D. Go** (asr-004275)  
Nabi ko sa land bank, bakit kapag nagpapadala

**[03:21:26.760] DOF Secretary Frederick D. Go** (asr-004276)  
ka ng pera sa

**[03:21:28.360] DOF Secretary Frederick D. Go** (asr-004277)  
Instapay or Banknet, ang charges

**[03:21:30.340] DOF Secretary Frederick D. Go** (asr-004278)  
10 pesos, 20 pesos, 30 pesos.

**[03:21:33.000] DOF Secretary Frederick D. Go** (asr-004279)  
So kinausap ko sa land bank kung

**[03:21:34.580] DOF Secretary Frederick D. Go** (asr-004280)  
pwede nating babaan yan. So nagbaba

**[03:21:36.720] DOF Secretary Frederick D. Go** (asr-004281)  
po kami sa land bank from 15 pesos

**[03:21:38.780] DOF Secretary Frederick D. Go** (asr-004282)  
to 8 pesos

**[03:21:39.660] DOF Secretary Frederick D. Go** (asr-004283)  
ang transaction fee. Ngayon po,

**[03:21:43.340] DOF Secretary Frederick D. Go** (asr-004284)  
in September,

**[03:21:44.940] DOF Secretary Frederick D. Go** (asr-004285)  
the top 10 banks in the Philippines

**[03:21:46.860] DOF Secretary Frederick D. Go** (asr-004286)  
do not charge for

**[03:21:48.620] DOF Secretary Frederick D. Go** (asr-004287)  
any digital transaction po.

**[03:21:51.260] DOF Secretary Frederick D. Go** (asr-004288)  
The banks, ha?

**[03:21:52.940] Senator Christopher Lawrence T. Go** (asr-004289)  
Ibig mo sabihin,

**[03:21:54.420] Senator Christopher Lawrence T. Go** (asr-004290)  
you are keen on reducing

**[03:21:56.260] Senator Christopher Lawrence T. Go** (asr-004291)  
fees.

**[03:21:57.190] DOF Secretary Frederick D. Go** (asr-004291-split-2)  
Yes, sir.

**[03:21:58.300] Senator Christopher Lawrence T. Go** (asr-004292)  
And mas streamlined

**[03:22:00.200] Senator Christopher Lawrence T. Go** (asr-004293)  
processes, yun ang gusto mo.

**[03:22:03.120] Senator Christopher Lawrence T. Go** (asr-004294)  
So salamat po.

**[03:22:05.200] Senator Christopher Lawrence T. Go** (asr-004295)  
At ibig sabihin,

**[03:22:06.220] Senator Christopher Lawrence T. Go** (asr-004296)  
supportado mo rin po na huwag magtaas

**[03:22:08.320] Senator Christopher Lawrence T. Go** (asr-004297)  
ng passport

**[03:22:10.360] Senator Christopher Lawrence T. Go** (asr-004298)  
processing fee. Am I correct?

**[03:22:12.700] DOF Secretary Frederick D. Go** (asr-004299)  
If I may just qualify that

**[03:22:14.320] DOF Secretary Frederick D. Go** (asr-004300)  
I have not talked to them, so I do not

**[03:22:16.480] DOF Secretary Frederick D. Go** (asr-004301)  
know why they're increasing fees.

**[03:22:19.000] DOF Secretary Frederick D. Go** (asr-004302)  
But I believe that there are a lot

**[03:22:20.480] DOF Secretary Frederick D. Go** (asr-004303)  
of inefficiencies that can

**[03:22:22.380] DOF Secretary Frederick D. Go** (asr-004304)  
be improved. At kung maka-improve

**[03:22:24.340] DOF Secretary Frederick D. Go** (asr-004305)  
ka na efficiency, dapat magbawas ka pa nga

**[03:22:26.500] DOF Secretary Frederick D. Go** (asr-004306)  
ng charges.

**[03:22:26.880] Senator Christopher Lawrence T. Go** (asr-004307)  
I-suggest mo sa kanila, Sekretary, ha?

**[03:22:30.340] DOF Secretary Frederick D. Go** (asr-004308)  
Hindi ko pa nakikita.

**[03:22:32.120] Senator Joseph Victor "JV" G. Ejercito** (asr-004309)  
Baka pwede mong kausapin sila,

**[03:22:34.280] Senator Joseph Victor "JV" G. Ejercito** (asr-004310)  
Sekretary Frederico. Actually, if I may

**[03:22:36.400] Senator Joseph Victor "JV" G. Ejercito** (asr-004311)  
interject, I think it's more

**[03:22:38.520] Senator Joseph Victor "JV" G. Ejercito** (asr-004312)  
of an issue. It is

**[03:22:40.280] Senator Joseph Victor "JV" G. Ejercito** (asr-004313)  
cost of production.

**[03:22:42.200] Senator Joseph Victor "JV" G. Ejercito** (asr-004314)  
It's APO that wrote

**[03:22:43.480] Senator Joseph Victor "JV" G. Ejercito** (asr-004315)  
this committee and the DFA

**[03:22:46.100] Senator Joseph Victor "JV" G. Ejercito** (asr-004316)  
that they can no longer

**[03:22:47.740] Senator Joseph Victor "JV" G. Ejercito** (asr-004317)  
ang problema, baka mag-stop sila ng production

**[03:22:50.140] Senator Joseph Victor "JV" G. Ejercito** (asr-004318)  
next year if they don't increase.

**[03:22:52.220] Senator Joseph Victor "JV" G. Ejercito** (asr-004319)  
So yun yung ayaw natin na magmulat

**[03:22:54.180] Senator Joseph Victor "JV" G. Ejercito** (asr-004320)  
wala tayo ng passports because more

**[03:22:56.060] Senator Joseph Victor "JV" G. Ejercito** (asr-004321)  
OFWs will be affected.

**[03:22:58.580] Senator Joseph Victor "JV" G. Ejercito** (asr-004322)  
Kaya nga, of course, tama yung

**[03:23:00.060] Senator Joseph Victor "JV" G. Ejercito** (asr-004323)  
sinasabing sa Bongo, we do not want

**[03:23:01.680] Senator Joseph Victor "JV" G. Ejercito** (asr-004324)  
additional burden lalo sa OFWs

**[03:23:04.080] Senator Joseph Victor "JV" G. Ejercito** (asr-004325)  
natin. Yung 950 to

**[03:23:05.980] Senator Joseph Victor "JV" G. Ejercito** (asr-004326)  
1.5 na proposal, it's too much.

**[03:23:08.400] Senator Joseph Victor "JV" G. Ejercito** (asr-004327)  
But that's why we asked

**[03:23:10.080] Senator Joseph Victor "JV" G. Ejercito** (asr-004328)  
the Department of Foreign Affairs

**[03:23:12.360] Senator Joseph Victor "JV" G. Ejercito** (asr-004329)  
to resolve this issue.

**[03:23:15.140] Senator Joseph Victor "JV" G. Ejercito** (asr-004330)  
Kung pwedeng

**[03:23:16.220] Senator Joseph Victor "JV" G. Ejercito** (asr-004331)  
may ayos. Kasi 10 years na raw

**[03:23:18.080] Senator Joseph Victor "JV" G. Ejercito** (asr-004332)  
yata silang hindi nakapag-increase. So

**[03:23:19.620] Senator Joseph Victor "JV" G. Ejercito** (asr-004333)  
we're hoping that we can have

**[03:23:21.480] Senator Joseph Victor "JV" G. Ejercito** (asr-004334)  
a solution to this problem.

**[03:23:24.180] Senator Joseph Victor "JV" G. Ejercito** (asr-004335)  
Kasi we do not want the OFWs to be

**[03:23:25.880] Senator Joseph Victor "JV" G. Ejercito** (asr-004336)  
burdened as well with this increase.

**[03:23:28.680] Senator Joseph Victor "JV" G. Ejercito** (asr-004337)  
We're not sure that we will

**[03:23:29.740] Senator Joseph Victor "JV" G. Ejercito** (asr-004338)  
do our part as well.

**[03:23:32.020] Senator Christopher Lawrence T. Go** (asr-004339)  
Maalalan nyo po,

**[03:23:33.960] Senator Christopher Lawrence T. Go** (asr-004340)  
Mr. Chair, Secretary Goh,

**[03:23:36.060] Senator Christopher Lawrence T. Go** (asr-004341)  
maalalan nyo na

**[03:23:36.860] Senator Christopher Lawrence T. Go** (asr-004342)  
yung

**[03:23:39.520] Senator Christopher Lawrence T. Go** (asr-004343)  
validity ng passport

**[03:23:41.300] Senator Christopher Lawrence T. Go** (asr-004344)  
nung panahon ni former President Duterte

**[03:23:44.040] Senator Christopher Lawrence T. Go** (asr-004345)  
from 5 years, ginawa po

**[03:23:45.840] Senator Christopher Lawrence T. Go** (asr-004346)  
nating 10 years.

**[03:23:47.940] Senator Christopher Lawrence T. Go** (asr-004347)  
In line po yun sa yung

**[03:23:49.180] Senator Christopher Lawrence T. Go** (asr-004348)  
streamlining processes,

**[03:23:52.320] Senator Christopher Lawrence T. Go** (asr-004349)  
huwag pahirapan yung mga kababayan natin,

**[03:23:54.180] Senator Christopher Lawrence T. Go** (asr-004350)  
napaulit, pabalik-balik silang

**[03:23:56.340] Senator Christopher Lawrence T. Go** (asr-004351)  
mag-renew, haba ng pila.

**[03:23:58.760] Senator Christopher Lawrence T. Go** (asr-004352)  
And then, ito lang po,

**[03:24:00.160] Senator Christopher Lawrence T. Go** (asr-004353)  
since nabanggit nyo kanina,

**[03:24:02.000] Senator Christopher Lawrence T. Go** (asr-004354)  
yun naman po ang iyong ginagawa,

**[03:24:04.300] Senator Christopher Lawrence T. Go** (asr-004355)  
nire-reduce

**[03:24:05.840] Senator Christopher Lawrence T. Go** (asr-004356)  
yung presyo,

**[03:24:07.980] Senator Christopher Lawrence T. Go** (asr-004357)  
pinapatagal yung validity, huwag pahirapan

**[03:24:10.120] Senator Christopher Lawrence T. Go** (asr-004358)  
yung mga kababayan natin.

**[03:24:12.160] Senator Christopher Lawrence T. Go** (asr-004359)  
Baka, supportahan nyo po itong

**[03:24:13.880] Senator Christopher Lawrence T. Go** (asr-004360)  
you may suggest naman

**[03:24:16.200] Senator Christopher Lawrence T. Go** (asr-004361)  
siguro with your

**[03:24:17.200] Senator Christopher Lawrence T. Go** (asr-004362)  
fellow Cabinet

**[03:24:20.160] Senator Christopher Lawrence T. Go** (asr-004363)  
Secretary na huwag

**[03:24:22.140] Senator Christopher Lawrence T. Go** (asr-004364)  
naman sana dahil hirap po ang

**[03:24:24.020] Senator Christopher Lawrence T. Go** (asr-004365)  
ating mga kababayan ngayon.

**[03:24:25.740] Senator Christopher Lawrence T. Go** (asr-004366)  
At sabi ko nga, bawat piso, bawat

**[03:24:27.680] Senator Christopher Lawrence T. Go** (asr-004367)  
sentimo ay napakalaga

**[03:24:29.480] Senator Christopher Lawrence T. Go** (asr-004368)  
sa ating mga kababayang

**[03:24:32.400] Senator Christopher Lawrence T. Go** (asr-004369)  
mahihirap po, na wala pong

**[03:24:34.000] Senator Christopher Lawrence T. Go** (asr-004370)  
pambayad, lalong-lalo na po yung

**[03:24:35.900] Senator Christopher Lawrence T. Go** (asr-004371)  
mga isang kahig, isang tuka natin mga kababayan

**[03:24:37.960] Senator Christopher Lawrence T. Go** (asr-004372)  
na hirap pong magbayad. At ang

**[03:24:39.860] Senator Christopher Lawrence T. Go** (asr-004373)  
makikinabang po dito, yung mga OFWs

**[03:24:42.260] Senator Christopher Lawrence T. Go** (asr-004374)  
natin, na halos

**[03:24:44.280] Senator Christopher Lawrence T. Go** (asr-004375)  
wala hong

**[03:24:46.320] Senator Christopher Lawrence T. Go** (asr-004376)  
pangbayad na

**[03:24:47.280] Senator Christopher Lawrence T. Go** (asr-004377)  
pang-apply

**[03:24:50.060] Senator Christopher Lawrence T. Go** (asr-004378)  
ng passport. Yung iba, hirap rin po

**[03:24:51.980] Senator Christopher Lawrence T. Go** (asr-004379)  
sa kanilang mga placement fee.

**[03:24:54.020] Senator Christopher Lawrence T. Go** (asr-004380)  
Nag-trabaho sila sa abroad. Malaking

**[03:24:55.920] Senator Christopher Lawrence T. Go** (asr-004381)  
bagay po ito sa kanila na hindi

**[03:24:57.880] Senator Christopher Lawrence T. Go** (asr-004382)  
muna ma-increase. Pakitulong naman

**[03:24:59.940] Senator Christopher Lawrence T. Go** (asr-004383)  
po, Secretary Godel.

**[03:25:02.020] Senator Christopher Lawrence T. Go** (asr-004384)  
Narinig ko rin po kanina

**[03:25:03.180] Senator Christopher Lawrence T. Go** (asr-004385)  
yung inyong pulisiya ngayon.

**[03:25:05.700] Senator Christopher Lawrence T. Go** (asr-004386)  
So proud sa mga iba't-ibang agency

**[03:25:07.680] Senator Christopher Lawrence T. Go** (asr-004387)  
sa mga ginagawa niyo po.

**[03:25:10.500] DOF Secretary Frederick D. Go** (asr-004388)  
Your Honor, base sa lahat

**[03:25:11.840] DOF Secretary Frederick D. Go** (asr-004389)  
ng sinabi niyo, I promise

**[03:25:13.780] DOF Secretary Frederick D. Go** (asr-004390)  
to communicate with the

**[03:25:15.780] DOF Secretary Frederick D. Go** (asr-004391)  
Secretary of Foreign Affairs

**[03:25:17.060] DOF Secretary Frederick D. Go** (asr-004392)  
to see kung anong magagawa

**[03:25:19.700] DOF Secretary Frederick D. Go** (asr-004393)  
po tungkol dito. Salamat.

**[03:25:21.680] Senator Christopher Lawrence T. Go** (asr-004394)  
Malaking bagay po yun.

**[03:25:24.020] Senator Christopher Lawrence T. Go** (asr-004395)  
Anyway,

**[03:25:25.220] Senator Christopher Lawrence T. Go** (asr-004396)  
ngayong araw po

**[03:25:28.240] Senator Christopher Lawrence T. Go** (asr-004397)  
ay magtataas na naman po

**[03:25:29.960] Senator Christopher Lawrence T. Go** (asr-004398)  
ang presyo ng gasolina at diesel.

**[03:25:32.180] Senator Christopher Lawrence T. Go** (asr-004399)  
Gasoline will have an increase of

**[03:25:34.060] Senator Christopher Lawrence T. Go** (asr-004400)  
4.8 per liter

**[03:25:36.280] Senator Christopher Lawrence T. Go** (asr-004401)  
and 4 peso and

**[03:25:37.920] Senator Christopher Lawrence T. Go** (asr-004402)  
88 centavos per liter. And diesel

**[03:25:40.100] Senator Christopher Lawrence T. Go** (asr-004403)  
will have an increase of 8 pesos

**[03:25:42.260] Senator Christopher Lawrence T. Go** (asr-004404)  
and 82 centavos per liter.

**[03:25:45.120] Senator Christopher Lawrence T. Go** (asr-004405)  
Panibagong pahirap

**[03:25:46.340] Senator Christopher Lawrence T. Go** (asr-004406)  
naman po ito sa ating mga

**[03:25:47.780] Senator Christopher Lawrence T. Go** (asr-004407)  
chupers, drivers natin.

**[03:25:49.780] Senator Christopher Lawrence T. Go** (asr-004408)  
Apektado po sila sa presyo ng bilihin.

**[03:25:52.740] Senator Christopher Lawrence T. Go** (asr-004409)  
Nagpasa po tayo ng

**[03:25:53.940] Senator Christopher Lawrence T. Go** (asr-004410)  
batas dito sa Senado, itong

**[03:25:55.560] Senator Christopher Lawrence T. Go** (asr-004411)  
Republic Act 12316

**[03:25:57.660] Senator Christopher Lawrence T. Go** (asr-004412)  
authorizing the President to suspend

**[03:25:59.640] Senator Christopher Lawrence T. Go** (asr-004413)  
the imposition of excise taxes

**[03:26:01.300] Senator Christopher Lawrence T. Go** (asr-004414)  
on diesel and gasoline. Ngunit hanggang sa ngayon

**[03:26:03.800] Senator Christopher Lawrence T. Go** (asr-004415)  
po, hindi po ito

**[03:26:05.160] Senator Christopher Lawrence T. Go** (asr-004416)  
inirekomenda ng

**[03:26:06.560] Senator Christopher Lawrence T. Go** (asr-004417)  
DOF. I reiterate

**[03:26:09.700] Senator Christopher Lawrence T. Go** (asr-004418)  
my call to already include the suspension

**[03:26:11.660] Senator Christopher Lawrence T. Go** (asr-004419)  
of excise tax on diesel and gasoline.

**[03:26:14.600] Senator Christopher Lawrence T. Go** (asr-004420)  
Diesel po yung pangunahing

**[03:26:15.880] Senator Christopher Lawrence T. Go** (asr-004421)  
ginagamit ng ating mga kababayan,

**[03:26:17.840] Senator Christopher Lawrence T. Go** (asr-004422)  
lalo na po sa transport workers

**[03:26:19.480] Senator Christopher Lawrence T. Go** (asr-004423)  
at agricultural workers.

**[03:26:21.500] Senator Christopher Lawrence T. Go** (asr-004424)  
Ang importante dito ay maibsan kahit pa pano

**[03:26:23.940] Senator Christopher Lawrence T. Go** (asr-004425)  
kasanin ng ating mga kababayan

**[03:26:25.480] Senator Christopher Lawrence T. Go** (asr-004426)  
kung hindi pa nga lahat ng

**[03:26:27.860] Senator Christopher Lawrence T. Go** (asr-004427)  
beneficiaries nakakatanggap ng

**[03:26:29.460] Senator Christopher Lawrence T. Go** (asr-004428)  
subsidy mula sa gobyerno,

**[03:26:31.620] Senator Christopher Lawrence T. Go** (asr-004429)  
bakit hindi pa suspindihin itong excise tax

**[03:26:34.000] Senator Christopher Lawrence T. Go** (asr-004430)  
para lahat po'y makinabang.

**[03:26:36.380] Senator Christopher Lawrence T. Go** (asr-004431)  
Pag-aralan din po dapat

**[03:26:37.560] Senator Christopher Lawrence T. Go** (asr-004432)  
ang pag-suspindi pansamantala

**[03:26:39.180] Senator Christopher Lawrence T. Go** (asr-004433)  
ng VAT sa oil products, electricity

**[03:26:41.920] Senator Christopher Lawrence T. Go** (asr-004434)  
at basic goods. Malaki po

**[03:26:43.820] Senator Christopher Lawrence T. Go** (asr-004435)  
malaki man ang

**[03:26:45.820] Senator Christopher Lawrence T. Go** (asr-004436)  
mawawalang koleksyon ng gobyerno,

**[03:26:47.980] Senator Christopher Lawrence T. Go** (asr-004437)  
direkta naman po itong mga katulong sa

**[03:26:49.560] Senator Christopher Lawrence T. Go** (asr-004438)  
Pilipino, imbis na mawala

**[03:26:51.680] Senator Christopher Lawrence T. Go** (asr-004439)  
lang po sa korupsyon.

**[03:26:53.940] Senator Christopher Lawrence T. Go** (asr-004440)  
Malaking tulong

**[03:26:56.180] Senator Christopher Lawrence T. Go** (asr-004441)  
po ito sa ating mga kababayan

**[03:26:57.720] Senator Christopher Lawrence T. Go** (asr-004442)  
na sekretary Igo,

**[03:26:59.620] Senator Christopher Lawrence T. Go** (asr-004443)  
kesa naman

**[03:27:00.260] Senator Christopher Lawrence T. Go** (asr-004444)  
mapunta lang po sa korupsyon.

**[03:27:04.500] Senator Christopher Lawrence T. Go** (asr-004445)  
Baka

**[03:27:04.720] Senator Christopher Lawrence T. Go** (asr-004446)  
pag-aralan niyong mabuti itong

**[03:27:07.400] Senator Christopher Lawrence T. Go** (asr-004447)  
pagsamantalang

**[03:27:08.600] Senator Christopher Lawrence T. Go** (asr-004448)  
suspension ng VAT sa mga

**[03:27:11.680] Senator Christopher Lawrence T. Go** (asr-004449)  
oil products.

**[03:27:14.780] Senator Christopher Lawrence T. Go** (asr-004450)  
You may answer po.

**[03:27:16.600] DOF Secretary Frederick D. Go** (asr-004451)  
Your Honor,

**[03:27:17.680] DOF Secretary Frederick D. Go** (asr-004452)  
actually,

**[03:27:20.240] DOF Secretary Frederick D. Go** (asr-004453)  
kanina mga 15 minutes ago,

**[03:27:22.220] DOF Secretary Frederick D. Go** (asr-004454)  
pumipirma ako dito,

**[03:27:23.940] DOF Secretary Frederick D. Go** (asr-004455)  
pinirmahan ko yung resolution

**[03:27:25.600] DOF Secretary Frederick D. Go** (asr-004456)  
to remove excise taxes on

**[03:27:27.980] DOF Secretary Frederick D. Go** (asr-004457)  
LPG and kerosene,

**[03:27:30.820] DOF Secretary Frederick D. Go** (asr-004458)  
which is

**[03:27:31.420] DOF Secretary Frederick D. Go** (asr-004459)  
very similar to what we did

**[03:27:33.960] DOF Secretary Frederick D. Go** (asr-004460)  
in the first round of the

**[03:27:35.540] DOF Secretary Frederick D. Go** (asr-004461)  
Middle East War.

**[03:27:37.520] DOF Secretary Frederick D. Go** (asr-004462)  
So, pinirmahan ko na po,

**[03:27:39.340] DOF Secretary Frederick D. Go** (asr-004463)  
matagal ko na po yan,

**[03:27:40.800] DOF Secretary Frederick D. Go** (asr-004464)  
fina-follow up eh, kasi matagal ko

**[03:27:42.780] DOF Secretary Frederick D. Go** (asr-004465)  
nang alam, tumaas ang presyo

**[03:27:44.060] DOF Secretary Frederick D. Go** (asr-004466)  
ng langis, over $80

**[03:27:46.720] DOF Secretary Frederick D. Go** (asr-004467)  
a barrel, kaya hinahanap ko po

**[03:27:48.740] DOF Secretary Frederick D. Go** (asr-004468)  
yung memo na yan. Kanina lang po,

**[03:27:50.540] DOF Secretary Frederick D. Go** (asr-004469)  
umabot sa akin, pinirmahan ko agad-agad.

**[03:27:53.940] DOF Secretary Frederick D. Go** (asr-004470)  
Tungkol po sa

**[03:27:55.560] DOF Secretary Frederick D. Go** (asr-004471)  
LPG at kerosene po yan,

**[03:27:59.360] DOF Secretary Frederick D. Go** (asr-004472)  
tungkol po sa diesel

**[03:28:01.060] DOF Secretary Frederick D. Go** (asr-004473)  
at gasolina,

**[03:28:03.840] DOF Secretary Frederick D. Go** (asr-004474)  
ang conclusion po

**[03:28:05.260] DOF Secretary Frederick D. Go** (asr-004475)  
ng DBCC, nung una

**[03:28:07.220] DOF Secretary Frederick D. Go** (asr-004476)  
namin itong pinag-usapan,

**[03:28:10.360] DOF Secretary Frederick D. Go** (asr-004477)  
ay number one,

**[03:28:13.480] DOF Secretary Frederick D. Go** (asr-004478)  
if you remove taxes

**[03:28:15.020] DOF Secretary Frederick D. Go** (asr-004479)  
on diesel and gasoline,

**[03:28:17.460] DOF Secretary Frederick D. Go** (asr-004480)  
it will not be progressive.

**[03:28:20.860] DOF Secretary Frederick D. Go** (asr-004481)  
Ibig sabihin po nito,

**[03:28:21.980] DOF Secretary Frederick D. Go** (asr-004482)  
yung theory po na,

**[03:28:23.940] DOF Secretary Frederick D. Go** (asr-004483)  
pinarating sa amin ng mga ekonomista

**[03:28:26.080] DOF Secretary Frederick D. Go** (asr-004484)  
ay, ang mga mayayaman

**[03:28:28.120] DOF Secretary Frederick D. Go** (asr-004485)  
ang pinakamalakas gumamit

**[03:28:30.220] DOF Secretary Frederick D. Go** (asr-004486)  
ng diesel at

**[03:28:31.160] DOF Secretary Frederick D. Go** (asr-004487)  
gasolina. At kung

**[03:28:33.540] DOF Secretary Frederick D. Go** (asr-004488)  
tinanggal po natin ang taxes

**[03:28:35.940] DOF Secretary Frederick D. Go** (asr-004489)  
sa lahat,

**[03:28:38.620] DOF Secretary Frederick D. Go** (asr-004490)  
ang mas makikinabang

**[03:28:40.640] DOF Secretary Frederick D. Go** (asr-004491)  
po dito ay yung mga mayayaman

**[03:28:42.240] DOF Secretary Frederick D. Go** (asr-004492)  
kasi sila po yung malakas gumamit

**[03:28:44.060] DOF Secretary Frederick D. Go** (asr-004493)  
ng diesel at gasolina.

**[03:28:46.240] DOF Secretary Frederick D. Go** (asr-004494)  
So, naisip namin

**[03:28:48.020] DOF Secretary Frederick D. Go** (asr-004495)  
for that point

**[03:28:50.220] DOF Secretary Frederick D. Go** (asr-004496)  
is to keep the taxes and instead

**[03:28:52.380] DOF Secretary Frederick D. Go** (asr-004497)  
do a target

**[03:28:53.440] DOF Secretary Frederick D. Go** (asr-004498)  
subsidy to the vulnerable

**[03:28:56.100] DOF Secretary Frederick D. Go** (asr-004499)  
sectors. Yan po yung ginawa ng

**[03:28:57.780] DOF Secretary Frederick D. Go** (asr-004500)  
uplift committee na

**[03:28:59.840] DOF Secretary Frederick D. Go** (asr-004501)  
nag-determine po sila

**[03:29:01.860] DOF Secretary Frederick D. Go** (asr-004502)  
kung saan magbibigay ng tulong at ayuda

**[03:29:04.060] DOF Secretary Frederick D. Go** (asr-004503)  
sa mga pinakamahirap,

**[03:29:06.540] DOF Secretary Frederick D. Go** (asr-004504)  
sa mga transport drivers,

**[03:29:08.560] DOF Secretary Frederick D. Go** (asr-004505)  
sa mga farmers at sa mga fisher folk.

**[03:29:11.260] DOF Secretary Frederick D. Go** (asr-004506)  
Yan po yung

**[03:29:11.980] DOF Secretary Frederick D. Go** (asr-004507)  
one and two

**[03:29:14.420] DOF Secretary Frederick D. Go** (asr-004508)  
na naisip ng

**[03:29:15.840] DOF Secretary Frederick D. Go** (asr-004509)  
DBCC. Pangalawa po,

**[03:29:18.600] DOF Secretary Frederick D. Go** (asr-004510)  
ang pangalawang

**[03:29:20.120] DOF Secretary Frederick D. Go** (asr-004511)  
punto po ay kung tinanggal

**[03:29:21.640] DOF Secretary Frederick D. Go** (asr-004512)  
ang

**[03:29:23.440] DOF Secretary Frederick D. Go** (asr-004513)  
taxes ng diesel at gasolina

**[03:29:25.860] DOF Secretary Frederick D. Go** (asr-004514)  
ay ang mawawala

**[03:29:27.700] DOF Secretary Frederick D. Go** (asr-004515)  
pong collection ng gobyerno

**[03:29:29.240] DOF Secretary Frederick D. Go** (asr-004516)  
is approximately 12

**[03:29:31.020] DOF Secretary Frederick D. Go** (asr-004517)  
billion a month.

**[03:29:37.540] DOF Secretary Frederick D. Go** (asr-004518)  
Yeah, it's approximately

**[03:29:39.500] DOF Secretary Frederick D. Go** (asr-004519)  
12 billion a month kung matanggal.

**[03:29:42.240] DOF Secretary Frederick D. Go** (asr-004520)  
Ang posisyon ko naman po as

**[03:29:43.580] DOF Secretary Frederick D. Go** (asr-004521)  
DOF Secretary ever since

**[03:29:45.800] DOF Secretary Frederick D. Go** (asr-004522)  
I'm very consistent po.

**[03:29:48.080] DOF Secretary Frederick D. Go** (asr-004523)  
I am not opposed

**[03:29:49.680] DOF Secretary Frederick D. Go** (asr-004524)  
to any revenue

**[03:29:51.220] DOF Secretary Frederick D. Go** (asr-004525)  
reduction measure.

**[03:29:53.440] DOF Secretary Frederick D. Go** (asr-004526)  
As long as there is a

**[03:29:55.580] DOF Secretary Frederick D. Go** (asr-004527)  
corresponding

**[03:29:57.460] DOF Secretary Frederick D. Go** (asr-004528)  
revenue enhancement

**[03:29:59.620] DOF Secretary Frederick D. Go** (asr-004529)  
measure.

**[03:30:00.000] DOF Secretary Frederick D. Go** (asr-004530)  
Para kung anong nawala, pwede namang bawiin sa ibang bagay. But in the absence of any revenue enhancing measure to replace the 12 billion a month that we will lose, in the meantime, the DBCC is not endorsing that to the President.

**[03:30:21.620] DOF Secretary Frederick D. Go** (asr-004531)  
And third po is what I mentioned earlier, yung targeted subsidy to the vulnerable sectors. Thank you.

**[03:30:30.280] Senator Christopher Lawrence T. Go** (asr-004532)  
Salamat. Ibig sabihin, mas binabalansin nyo. Anyway, about system loss, kagaya na sana nang ginawa ng BIR sa pagtanggal ng value-added tax VAT sa allowable system loss charge.

**[03:30:46.460] Senator Christopher Lawrence T. Go** (asr-004533)  
We load the DOF and the BIR on this move dahil na rin po sa hirap.

**[03:30:51.620] Senator Christopher Lawrence T. Go** (asr-004534)  
At ng buhay ngayon, Mr. Chair, marami po sa ating mga kababayan ang dumadaing dahil sa pagtaas ng kanilang electric bills.

**[03:30:57.940] Senator Christopher Lawrence T. Go** (asr-004535)  
Patuloy rin po ang ating panawagan, natanggalin na lang po ang system loss.

**[03:31:01.980] Senator Christopher Lawrence T. Go** (asr-004536)  
According to reports, system loss accounts for around 5% of consumers' monthly electricity bills.

**[03:31:08.660] Senator Christopher Lawrence T. Go** (asr-004537)  
Kung ang isang pamilya po ay nagbabayad ng 4,000 kada buwan sa kuryente, nasa halos 200 po agad ang napupunta sa system loss.

**[03:31:18.720] Senator Christopher Lawrence T. Go** (asr-004538)  
Buwan-buwan po ito.

**[03:31:20.400] Senator Christopher Lawrence T. Go** (asr-004539)  
At sa totoo lamang po,

**[03:31:21.620] Senator Christopher Lawrence T. Go** (asr-004540)  
sa ordinaryong Pilipino na nagbabayad po ng bill,

**[03:31:25.720] Senator Christopher Lawrence T. Go** (asr-004541)  
minsan nga hindi nila alam ano ba itong system loss na kanilang binabayaran pa.

**[03:31:30.920] Senator Christopher Lawrence T. Go** (asr-004542)  
Kaya kaisa tayo sa panawagan, lalo na ng mga Pilipinong nahirapan po sa dami ng gastusin,

**[03:31:36.740] Senator Christopher Lawrence T. Go** (asr-004543)  
ang system loss ay hindi dapat sinasalo ng mga customer ng electric distributors.

**[03:31:43.280] Senator Christopher Lawrence T. Go** (asr-004544)  
Ang system loss ay hindi dapat customer's loss.

**[03:31:47.360] Senator Christopher Lawrence T. Go** (asr-004545)  
Kung ang system loss ay bunga ng nakaw na kuryente,

**[03:31:50.880] Senator Christopher Lawrence T. Go** (asr-004546)  
bakit po ang tapat na nagbabayad ng kanilang bill ang sumasalo ng gastos?

**[03:31:56.280] Senator Christopher Lawrence T. Go** (asr-004547)  
Hindi ba dapat ang distribution utility ang may kakayahang pigilan po ang illegal connections?

**[03:32:01.840] Senator Christopher Lawrence T. Go** (asr-004548)  
At nag-file po tayo ng Senate Bill 2360 na naglalayong matanggal ang value-added tax o VAT sa mga additional charges na ito.

**[03:32:10.820] Senator Christopher Lawrence T. Go** (asr-004549)  
Also filed Senate Bill 2383 seeking to prohibit distribution utilities and electric cooperatives

**[03:32:19.960] Senator Christopher Lawrence T. Go** (asr-004550)  
from passing.

**[03:32:20.880] Senator Christopher Lawrence T. Go** (asr-004551)  
system loss charges on to electric city.

**[03:32:26.640] Senator Christopher Lawrence T. Go** (asr-004552)  
Ito po yung Senate Bill 2383 seeking to prohibit distribution utilities and electric cooperatives

**[03:32:32.780] Senator Christopher Lawrence T. Go** (asr-004553)  
from passing system loss charges on to electricity consumers po.

**[03:32:41.260] Senator Christopher Lawrence T. Go** (asr-004554)  
Secretary ko.

**[03:32:42.680] DOF Secretary Frederick D. Go** (asr-004555)  
Your Honor, Mr. Chair.

**[03:32:44.880] DOF Secretary Frederick D. Go** (asr-004556)  
Tama po yan.

**[03:32:45.920] DOF Secretary Frederick D. Go** (asr-004557)  
Nauna na po ang DOF at ang Bureau of Internal Revenue sa pagbibigay.

**[03:32:50.880] DOF Secretary Frederick D. Go** (asr-004558)  
Sa pagtanggal ng VAT on systems loss.

**[03:32:58.140] DOF Secretary Frederick D. Go** (asr-004559)  
Napakabilis po kami nag-action dyan nung natanggap namin ng instructions on that matter.

**[03:33:05.780] DOF Secretary Frederick D. Go** (asr-004560)  
However, Your Honor, on systems loss, I think the proper department is the DOE and the ERC.

**[03:33:18.840] DOF Secretary Frederick D. Go** (asr-004561)  
Hindi po kami...

**[03:33:20.880] DOF Secretary Frederick D. Go** (asr-004562)  
Kasali dyan sa discussion on systems loss whatsoever except when it comes to VAT, which

**[03:33:27.000] DOF Secretary Frederick D. Go** (asr-004563)  
I believe as I mentioned earlier, we acted very fast, very quickly, and removed VAT on

**[03:33:34.140] DOF Secretary Frederick D. Go** (asr-004564)  
systems loss just last month.

**[03:33:38.300] Senator Christopher Lawrence T. Go** (asr-004565)  
Mr. Chair, on another topic lang po.

**[03:33:40.980] Senator Christopher Lawrence T. Go** (asr-004566)  
May kli lang po ito.

**[03:33:42.980] Senator Christopher Lawrence T. Go** (asr-004567)  
Alam nun naman po natin ang micro, small, and medium enterprises or MSMEs.

**[03:33:48.300] Senator Christopher Lawrence T. Go** (asr-004568)  
Ito po yung maliliit na negosyo ay mahalagang bahagi po ng ating ekonomiya.

**[03:33:54.120] Senator Christopher Lawrence T. Go** (asr-004569)  
Alam nyo po yun, lalong-lalo na po si Secretary Igo na mula sa business sector po.

**[03:33:59.400] Senator Christopher Lawrence T. Go** (asr-004570)  
Bago ka pumasok sa gobyerno, may ka pong natulungan ng mga maliliit na negosyante noon.

**[03:34:07.760] Senator Christopher Lawrence T. Go** (asr-004571)  
Ito pong MSMEs, they provide jobs, livelihood, and opportunities to many of our kababayan.

**[03:34:13.660] Senator Christopher Lawrence T. Go** (asr-004572)  
Ngunit sa kabila ng kanilang mahalagang papel,

**[03:34:16.580] Senator Christopher Lawrence T. Go** (asr-004573)  
sila pong madalas na nakakarana.

**[03:34:18.300] Senator Christopher Lawrence T. Go** (asr-004574)  
Sila pong madalas po ng mabigat na requirements at bayarin mula sa iba't-ibang ahensya na gobyerno.

**[03:34:23.120] Senator Christopher Lawrence T. Go** (asr-004575)  
At nabanggit nyo po kanina na yun po yung ginagawa ninyo,

**[03:34:26.160] Senator Christopher Lawrence T. Go** (asr-004576)  
streamlining processes, reduced fees.

**[03:34:30.540] Senator Christopher Lawrence T. Go** (asr-004577)  
At kung maalala nyo po, during the time of former President Duterte,

**[03:34:34.360] Senator Christopher Lawrence T. Go** (asr-004578)  
he signed into law Republic Act 11032.

**[03:34:38.160] Senator Christopher Lawrence T. Go** (asr-004579)  
Ito po yung Ease of Doing Business Act to Reduce Red Tape in Government Services.

**[03:34:43.500] Senator Christopher Lawrence T. Go** (asr-004580)  
Sana po yung mapagaan din natin ang mga obligasyon at pasanin ng ating mga MSMEs

**[03:34:48.300] Senator Christopher Lawrence T. Go** (asr-004581)  
Ito po yung mga maliliit na negosyante.

**[03:34:50.780] Senator Christopher Lawrence T. Go** (asr-004582)  
Malaking tulong po ito sa kanila.

**[03:34:52.700] Senator Christopher Lawrence T. Go** (asr-004583)  
Dapat po yung maturuan sila ng tamang proseso para mainganyo ang ating mga kababayan na magnegosyo.

**[03:34:58.200] Senator Christopher Lawrence T. Go** (asr-004584)  
To the DOF and BIR, what are your efforts in simplifying procedures and tax obligations of MSMEs?

**[03:35:08.180] Senator Joseph Victor "JV" G. Ejercito** (asr-004585)  
Please, BIR, Commissioner Mendoza, please answer the query.

**[03:35:13.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-004586)  
Good afternoon, Mr. Chair, Senator Goh.

**[03:35:18.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-004587)  
Nauunawaan po namin na bagamat ang principal na mandate po ng Bureau of Internal Revenue

**[03:35:23.640] BIR Commissioner Charlito Martin R. Mendoza** (asr-004588)  
is manglekta ng buwis upang matustusan natin ang mga pangangailangan ng gobyerno.

**[03:35:28.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-004589)  
But at the same time, we have the equally important mandate of helping in making doing business in the Philippines much easier.

**[03:35:38.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-004590)  
Kaya yan rin po ay isa sa mga prioridad po ng kasalukuyang administrasyon.

**[03:35:43.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-004591)  
Patungkol po sa mga micro and small entrepreneurs natin,

**[03:35:46.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-004592)  
ito po ay nabangkit nga ng Pangulo noong kanyang SONA na sa kasalukuyan po ay nagpapatupad tayo ng isang one-time tax abatement program for our microtax payers.

**[03:35:57.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-004593)  
Ang mga microtax payers po ay ito po yung ang gross sales sa isang taon ay hindi lumalampas sa 3 million pesos.

**[03:36:04.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-004594)  
At karaniwan po ay sila ang maraming halimbawa open cases sa BIR, hindi sila nakakapag-file ng returns,

**[03:36:11.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-004595)  
nagsara na sila, subalit hindi nila alam na kinakailangan din nilang formally na magsara sa BIR.

**[03:36:16.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-004596)  
Kung kaya't pag bumalik po sila at magtatayo sila ng bagong nebosyo, magpaparehistro, lalabas yung pangalan ng previous business nila at nagkakaproblema po sila sa pagkuhan ng clearance.

**[03:36:27.080] BIR Commissioner Charlito Martin R. Mendoza** (asr-004597)  
So yan po ay nauunawaan natin. Kaya una po, nagsagawa po tayo ng tinatawag na ease of closing business na pinatipo din po natin ngayong taon.

**[03:36:35.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-004598)  
Sabi natin kung merong ease of doing business, meron din dapat ease of closing business.

**[03:36:40.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004599)  
Sapagkat dati-dati po magsasara ka na ng negosyo, maaring nalugi ka pero mahihirapan ka pang magsara.

**[03:36:46.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-004600)  
Sapagkat napakaraming requirements na hinihingi at yan po ay nilimitahan na lamang po natin ang requirements.

**[03:36:52.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-004601)  
At ang isa pong malaking tulong na ginawa natin para sa ating mga maliliit na negosyo, yung ating mga micro-entrepreneurs.

**[03:36:59.200] BIR Commissioner Charlito Martin R. Mendoza** (asr-004602)  
Dati-dati po kung magsasara ang negosyo, meron po kasi tayong tinatawag na mandatory audit before natin sila bigyan ng clearance to check.

**[03:37:06.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-004603)  
Na wala po talaga silang paglabag sa ating mga tax regulations.

**[03:37:09.680] BIR Commissioner Charlito Martin R. Mendoza** (asr-004604)  
But what we did po is tinanggal po natin ang ating mga micro-tax payers from the requirement of a mandatory audit.

**[03:37:16.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-004605)  
Kaya sa loob lamang po ng tatlong araw, kung kumpleto na ang kanilang dokumento, maaari na po nilang maisara formally ang kanilang registration with BIR.

**[03:37:26.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-004606)  
Ngayon po, na-realize namin na bagamat sinimplihan natin ang mga requirements,

**[03:37:32.600] BIR Commissioner Charlito Martin R. Mendoza** (asr-004607)  
napakarami po mga maliliit na negosyo, micro-small entrepreneurs.

**[03:37:36.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-004608)  
Micro-entrepreneurs in particular na marami na po silang tax liability sa BIR na nanahihirapan silang bayaran.

**[03:37:42.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004609)  
Kung kaya po naglunsag po tayo ngayong taon ng tinatawag natin na tax abatement.

**[03:37:46.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-004610)  
Program for micro-tax payers.

**[03:37:49.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-004611)  
At ikinalulugod ko pong ipaalam sa inyo na sa loob lamang po ng dalawang buwan simula nang inulunsad natin ito,

**[03:37:56.980] BIR Commissioner Charlito Martin R. Mendoza** (asr-004612)  
ay nakareceive na po kami ng 6,300 more or less na applications for tax abatement.

**[03:38:02.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-004613)  
At mahigit 5,000 na po ang na-approve natin.

**[03:38:05.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-004614)  
At ito po ay nangangahulugan ng 80 plus million in tax liabilities na na-condone po natin sa pagbabayad lamang nila ng 5,000 pesos na tax abatement.

**[03:38:16.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-004615)  
At ito po ay nangangahulugan ng 80 plus million per taxable year.

**[03:38:18.980] BIR Commissioner Charlito Martin R. Mendoza** (asr-004616)  
Maliban po dyan, karaniwan hong naririnig po natin, maliit na negosyo lang kami pero ang hirap ng compliance namin.

**[03:38:27.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-004617)  
Mahaba yung form, mahirap intindihin.

**[03:38:29.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-004618)  
Kung kaya ngayong taon din po, pinasimple po natin ang income tax filing return for our micro and small taxpayers.

**[03:38:38.320] BIR Commissioner Charlito Martin R. Mendoza** (asr-004619)  
Ang form po natin kasi dyan is yung 1701.

**[03:38:41.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-004620)  
So gumawa po tayo ng 1701 MS for micro taxpayers.

**[03:38:46.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-004621)  
Available po online.

**[03:38:48.020] BIR Commissioner Charlito Martin R. Mendoza** (asr-004622)  
Ito po ay mas maiksi at mas kaunting requirements lamang ang hinihingi natin sa kanila.

**[03:38:53.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-004623)  
Thank you po, Mr.

**[03:38:54.440] Senator Christopher Lawrence T. Go** (asr-004624)  
Salamat po.

**[03:38:55.240] Senator Christopher Lawrence T. Go** (asr-004625)  
Totoo po yun sa mga nalulugi na negosyante.

**[03:38:59.400] Senator Christopher Lawrence T. Go** (asr-004626)  
Nahirapan po silang magsara.

**[03:39:01.720] Senator Christopher Lawrence T. Go** (asr-004627)  
At meron po akong narinig po na reklamo.

**[03:39:03.980] Senator Christopher Lawrence T. Go** (asr-004628)  
Yung matagal rin po ang proseso.

**[03:39:05.380] Senator Christopher Lawrence T. Go** (asr-004629)  
Yung sa SEC.

**[03:39:06.560] Senator Christopher Lawrence T. Go** (asr-004630)  
Ano bang ginawa niyong proseso na ma-streamline po itong pagsasara ng negosyo?

**[03:39:13.860] Senator Christopher Lawrence T. Go** (asr-004631)  
Imbis na...

**[03:39:16.520] Senator Christopher Lawrence T. Go** (asr-004632)  
Lugi na nga yung mga negosyante.

**[03:39:19.260] Senator Christopher Lawrence T. Go** (asr-004633)  
Pahirapan pa silang mag-retire o magsara ng kanilang negosyo.

**[03:39:24.460] Senator Christopher Lawrence T. Go** (asr-004634)  
Mabilis lang ba ang proseso ngayon sa SEC, Mr. Francis Lee?

**[03:39:28.980] SEC Chairperson Francisco Ed Lim** (asr-004635)  
Sa katotohanan, hindi pa namin inaabutan yan.

**[03:39:33.660] SEC Chairperson Francisco Ed Lim** (asr-004636)  
Ang ginagawa namin yung ease of doing business.

**[03:39:37.140] SEC Chairperson Francisco Ed Lim** (asr-004637)  
Madali ng registration.

**[03:39:39.300] SEC Chairperson Francisco Ed Lim** (asr-004638)  
Nagbigay kami ng discounts for MSM East trying to register.

**[03:39:42.900] SEC Chairperson Francisco Ed Lim** (asr-004639)  
Kung pupunta sila sa capital market, 20% discount yan.

**[03:39:46.520] SEC Chairperson Francisco Ed Lim** (asr-004640)  
Kung pupunta sila sa capital market to raise funds, may 50% discount kami sa registration fee.

**[03:39:52.580] SEC Chairperson Francisco Ed Lim** (asr-004641)  
Ngayon, napansin namin na bumibilis na yung registration namin, Mr. Senator.

**[03:39:59.500] SEC Chairperson Francisco Ed Lim** (asr-004642)  
Pero isang problema ng isang negosyante, siguro na ano nyo ito, na-register na sila.

**[03:40:04.900] SEC Chairperson Francisco Ed Lim** (asr-004643)  
Mahirap sila mag-umpisa ng negosyo.

**[03:40:07.540] SEC Chairperson Francisco Ed Lim** (asr-004644)  
In other words, dahil register na, hindi sila makapag-umpisa ng negosyo

**[03:40:11.500] SEC Chairperson Francisco Ed Lim** (asr-004645)  
dahil kukuha pa sila ng permit sa LGU, sa SSS, at so on.

**[03:40:15.000] SEC Chairperson Francisco Ed Lim** (asr-004646)  
So, may proposal ako.

**[03:40:16.520] SEC Chairperson Francisco Ed Lim** (asr-004647)  
Inapprove ni Secretary Goh na once naregister na yung company, malilit na company, malalaking company,

**[03:40:23.060] SEC Chairperson Francisco Ed Lim** (asr-004648)  
they can start doing business, commercial operations, while they're applying for all these permits.

**[03:40:30.040] SEC Chairperson Francisco Ed Lim** (asr-004649)  
Fire permit, occupancy permit, building permit, and so on, so forth, for a period of 60 days.

**[03:40:35.540] SEC Chairperson Francisco Ed Lim** (asr-004650)  
Ngayon, sangayon kami sa ginagawa ng BIR na in terms of ease of doing business,

**[03:40:43.960] SEC Chairperson Francisco Ed Lim** (asr-004651)  
that's not only

**[03:40:45.500] SEC Chairperson Francisco Ed Lim** (asr-004652)  
start with the registration, but also on how to close down business.

**[03:40:50.540] SEC Chairperson Francisco Ed Lim** (asr-004653)  
Ako, isang practitioner ho, bago ako naging SEC chairman.

**[03:40:55.340] SEC Chairperson Francisco Ed Lim** (asr-004654)  
Ang hirap talaga magsaraan ng negosyo.

**[03:40:59.060] SEC Chairperson Francisco Ed Lim** (asr-004655)  
Meron kang exemption sa tax liabilities, di ba?

**[03:41:02.140] SEC Chairperson Francisco Ed Lim** (asr-004656)  
Dapat bayaran mo yan, certificate, ano.

**[03:41:05.140] SEC Chairperson Francisco Ed Lim** (asr-004657)  
So, we will go there.

**[03:41:09.140] SEC Chairperson Francisco Ed Lim** (asr-004658)  
But ang priority namin is how to get more businesses

**[03:41:14.940] SEC Chairperson Francisco Ed Lim** (asr-004659)  
into the economy.

**[03:41:16.940] SEC Chairperson Francisco Ed Lim** (asr-004660)  
Ngayon sa financial statements, isang problema ito ng maliliit.

**[03:41:20.940] SEC Chairperson Francisco Ed Lim** (asr-004661)  
Dati, kung may 600,000 assets ka, kailangan ang audited financial statements.

**[03:41:27.940] SEC Chairperson Francisco Ed Lim** (asr-004662)  
And we all know na magbabayad ka sa auditor.

**[03:41:30.940] SEC Chairperson Francisco Ed Lim** (asr-004663)  
Tinanggal namin yun, I think tinaas namin yung threshold to 3 million.

**[03:41:35.940] SEC Chairperson Francisco Ed Lim** (asr-004664)  
In other words, 3 million or ba no, hindi mo kailangan mag-submit sa SEC ng audited financial statement.

**[03:41:41.940] SEC Chairperson Francisco Ed Lim** (asr-004665)  
A statement of management responsibility.

**[03:41:44.780] SEC Chairperson Francisco Ed Lim** (asr-004666)  
At totoo, tama yung figure nila would be enough.

**[03:41:47.780] SEC Chairperson Francisco Ed Lim** (asr-004667)  
So, yun.

**[03:41:49.780] SEC Chairperson Francisco Ed Lim** (asr-004668)  
I think sa closing of business, pag nag-shorten na ng corporate term, for example.

**[03:41:55.780] SEC Chairperson Francisco Ed Lim** (asr-004669)  
That's the usual way of closing business.

**[03:41:58.780] SEC Chairperson Francisco Ed Lim** (asr-004670)  
Sina-shorten nyo lang.

**[03:42:01.780] SEC Chairperson Francisco Ed Lim** (asr-004671)  
Meron kaming mandali na yung pag-close.

**[03:42:04.780] SEC Chairperson Francisco Ed Lim** (asr-004672)  
Because we have a deemed-approved policy for simple transactions.

**[03:42:08.780] SEC Chairperson Francisco Ed Lim** (asr-004673)  
And we got this from the EODB law.

**[03:42:12.780] SEC Chairperson Francisco Ed Lim** (asr-004674)  
Simple transactions, 3 days.

**[03:42:14.780] SEC Chairperson Francisco Ed Lim** (asr-004675)  
Moderate transactions, 7 days.

**[03:42:16.780] SEC Chairperson Francisco Ed Lim** (asr-004676)  
And complex transactions, 20 days.

**[03:42:19.780] SEC Chairperson Francisco Ed Lim** (asr-004677)  
Pag hindi na-approved doon that period, and the fault is ours,

**[03:42:23.780] SEC Chairperson Francisco Ed Lim** (asr-004678)  
compliant yung company, deemed-approved yung closing business.

**[03:42:27.780] SEC Chairperson Francisco Ed Lim** (asr-004679)  
That's what I can commit, Mr. Chairman.

**[03:42:30.780] Senator Christopher Lawrence T. Go** (asr-004680)  
Salamat, Chairperson Francis Lim.

**[03:42:32.780] Senator Christopher Lawrence T. Go** (asr-004681)  
Baka pakisilip lang po nito.

**[03:42:34.780] Senator Christopher Lawrence T. Go** (asr-004682)  
Lalong-lalo na yung mga maliliit na negosyante.

**[03:42:38.780] Senator Christopher Lawrence T. Go** (asr-004683)  
Yun lang po narinig ko sa baba.

**[03:42:40.780] Senator Christopher Lawrence T. Go** (asr-004684)  
Mareklamo nila.

**[03:42:41.780] Senator Christopher Lawrence T. Go** (asr-004685)  
Yung mga kiosk.

**[03:42:42.780] Senator Christopher Lawrence T. Go** (asr-004686)  
Yung mga maliliit.

**[03:42:43.780] Senator Christopher Lawrence T. Go** (asr-004687)  
Maliliit na nagtitinda dyan.

**[03:42:45.780] Senator Christopher Lawrence T. Go** (asr-004688)  
Aside from sa SEC na matagal yung proseso na pagsara nila,

**[03:42:51.780] Senator Christopher Lawrence T. Go** (asr-004689)  
o pagre-retire ng business nila,

**[03:42:53.780] Senator Christopher Lawrence T. Go** (asr-004690)  
yung mga business permits pupunta sila sa...

**[03:42:58.780] Senator Christopher Lawrence T. Go** (asr-004691)  
LGU.

**[03:42:59.780] Senator Christopher Lawrence T. Go** (asr-004692)  
LGU.

**[03:43:00.780] Senator Christopher Lawrence T. Go** (asr-004693)  
Baka pwede nyo rin pong makausap, Secretary Goh.

**[03:43:02.780] Senator Christopher Lawrence T. Go** (asr-004694)  
Iyan naman ang gusto nyo.

**[03:43:04.780] Senator Christopher Lawrence T. Go** (asr-004695)  
Streamline processes.

**[03:43:06.780] Senator Christopher Lawrence T. Go** (asr-004696)  
Pag-apply.

**[03:43:07.780] Senator Christopher Lawrence T. Go** (asr-004697)  
Ito nang pagsara.

**[03:43:08.780] Senator Christopher Lawrence T. Go** (asr-004698)  
Pakicheck nyo naman po.

**[03:43:09.780] Senator Christopher Lawrence T. Go** (asr-004699)  
Baring makausap nyo rin po ang mga LGU.

**[03:43:12.780] Senator Christopher Lawrence T. Go** (asr-004700)  
Under naman po sa inyo yung BLGF, diba?

**[03:43:15.780] Senator Christopher Lawrence T. Go** (asr-004701)  
Yung mga treasurer.

**[03:43:16.780] Senator Christopher Lawrence T. Go** (asr-004702)  
Maaring dadaan nyo sa kanila rin po.

**[03:43:19.780] Senator Christopher Lawrence T. Go** (asr-004703)  
Pakisilip na lang po ito.

**[03:43:20.780] Senator Christopher Lawrence T. Go** (asr-004704)  
Yun po ang mga reklamo ng mga maliliit na negosyante.

**[03:43:22.780] Senator Christopher Lawrence T. Go** (asr-004705)  
Nalugi na nga sila.

**[03:43:24.780] Senator Christopher Lawrence T. Go** (asr-004706)  
Pahirapan pa silang magsara ng kanilang negosyo, Secretary Goh.

**[03:43:30.780] Senator Christopher Lawrence T. Go** (asr-004707)  
Malaking tulong po ito sa kanila.

**[03:43:34.780] Senator Christopher Lawrence T. Go** (asr-004708)  
Anyway, medyo gusto na po mag-wind up ng ating chairperson.

**[03:43:39.780] Senator Christopher Lawrence T. Go** (asr-004709)  
Sabi ko nga sa inyo.

**[03:43:40.780] Senator Christopher Lawrence T. Go** (asr-004710)  
Full support po ako sa inyo.

**[03:43:41.780] Senator Christopher Lawrence T. Go** (asr-004711)  
With the able leadership ng ating Secretary Frederick Goh ng Finance.

**[03:43:47.780] Senator Christopher Lawrence T. Go** (asr-004712)  
Ako po'y naniniwala na you are in good hands.

**[03:43:50.780] Senator Christopher Lawrence T. Go** (asr-004713)  
Aside from being a Goh also, Secretary Goh.

**[03:43:56.780] Senator Christopher Lawrence T. Go** (asr-004714)  
Alam kong magaling ka naman po at you are very competent dyan sa Department of Finance.

**[03:44:02.780] Senator Christopher Lawrence T. Go** (asr-004715)  
Pero last na lang ito.

**[03:44:04.780] Senator Christopher Lawrence T. Go** (asr-004716)  
Malaking bagay po ito.

**[03:44:05.780] Senator Christopher Lawrence T. Go** (asr-004717)  
It will leave a mark po sa Pilipinas.

**[03:44:10.780] Senator Christopher Lawrence T. Go** (asr-004718)  
Sa Pilipino.

**[03:44:11.780] Senator Christopher Lawrence T. Go** (asr-004719)  
Lalong-lalo na sa mga negosyante.

**[03:44:13.780] Senator Christopher Lawrence T. Go** (asr-004720)  
I'm sure marami kang kaibigan na negosyante.

**[03:44:15.780] Senator Christopher Lawrence T. Go** (asr-004721)  
Nakasama mo noon.

**[03:44:16.780] Senator Christopher Lawrence T. Go** (asr-004722)  
Bago ka pumasok sa gobyerno.

**[03:44:18.780] Senator Christopher Lawrence T. Go** (asr-004723)  
Malaking tulong po ito.

**[03:44:20.780] Senator Christopher Lawrence T. Go** (asr-004724)  
Maraming nagre-reklamo.

**[03:44:21.780] Senator Christopher Lawrence T. Go** (asr-004725)  
And I'm sure maraming nagre-reklamo sa iyo neto.

**[03:44:23.780] Senator Christopher Lawrence T. Go** (asr-004726)  
Kumusta na po itong mga letter of authority na nagiging abuso po ng BIR?

**[03:44:31.780] Senator Christopher Lawrence T. Go** (asr-004727)  
Sabi mo noon, pinatigil mo na itong LOA.

**[03:44:34.780] Senator Christopher Lawrence T. Go** (asr-004728)  
At wala na po bang nagagamit na mga abuses

**[03:44:38.780] Senator Christopher Lawrence T. Go** (asr-004729)  
using the LOA?

**[03:44:40.780] Senator Christopher Lawrence T. Go** (asr-004730)  
Wala na bang nahaharas na mga negosyante using the LOA?

**[03:44:45.780] Senator Christopher Lawrence T. Go** (asr-004731)  
You may answer, Commissioner.

**[03:44:48.780] Senator Christopher Lawrence T. Go** (asr-004732)  
And after Commissioner, you may answer also, Secretary Fredrik Goh.

**[03:44:51.780] Senator Christopher Lawrence T. Go** (asr-004733)  
Since kayo po ang nagpa-stop nitong LOA.

**[03:44:55.780] Senator Joseph Victor "JV" G. Ejercito** (asr-004734)  
Actually, I'd just like to know siguro what are the reforms?

**[03:45:00.000] Senator Joseph Victor "JV" G. Ejercito** (asr-004735)  
that were instituted

**[03:45:03.160] Senator Joseph Victor "JV" G. Ejercito** (asr-004736)  
by when you took over

**[03:45:04.440] Senator Joseph Victor "JV" G. Ejercito** (asr-004737)  
kasi nung ano to

**[03:45:05.160] Senator Joseph Victor "JV" G. Ejercito** (asr-004738)  
Senator Bongo

**[03:45:05.780] Senator Joseph Victor "JV" G. Ejercito** (asr-004739)  
when I think

**[03:45:07.140] Senator Joseph Victor "JV" G. Ejercito** (asr-004740)  
he was the one

**[03:45:07.760] Senator Joseph Victor "JV" G. Ejercito** (asr-004741)  
who brought this up

**[03:45:08.440] Senator Joseph Victor "JV" G. Ejercito** (asr-004742)  
in the floor

**[03:45:08.980] Senator Joseph Victor "JV" G. Ejercito** (asr-004743)  
kaupo lamang

**[03:45:10.780] Senator Joseph Victor "JV" G. Ejercito** (asr-004744)  
ni Commissioner Charlie

**[03:45:11.860] Senator Joseph Victor "JV" G. Ejercito** (asr-004745)  
Ito Mendoza

**[03:45:12.580] Senator Joseph Victor "JV" G. Ejercito** (asr-004746)  
nung tungkol dito

**[03:45:13.720] Senator Joseph Victor "JV" G. Ejercito** (asr-004747)  
sa weaponizing

**[03:45:14.700] Senator Joseph Victor "JV" G. Ejercito** (asr-004748)  
the letters of authority

**[03:45:17.580] Senator Joseph Victor "JV" G. Ejercito** (asr-004749)  
paggamit ng

**[03:45:18.460] Senator Joseph Victor "JV" G. Ejercito** (asr-004750)  
ng loa

**[03:45:20.020] Senator Joseph Victor "JV" G. Ejercito** (asr-004751)  
para

**[03:45:20.960] Senator Joseph Victor "JV" G. Ejercito** (asr-004752)  
pangikil

**[03:45:21.980] Senator Joseph Victor "JV" G. Ejercito** (asr-004753)  
at pang-aabuso

**[03:45:23.020] Senator Joseph Victor "JV" G. Ejercito** (asr-004754)  
so siguro

**[03:45:23.860] Senator Joseph Victor "JV" G. Ejercito** (asr-004755)  
siguro quickly

**[03:45:25.320] Senator Joseph Victor "JV" G. Ejercito** (asr-004756)  
isama mo nyo na rin

**[03:45:26.680] Senator Joseph Victor "JV" G. Ejercito** (asr-004757)  
isama ko na

**[03:45:27.540] Senator Joseph Victor "JV" G. Ejercito** (asr-004758)  
with your indulgence

**[03:45:28.180] Senator Joseph Victor "JV" G. Ejercito** (asr-004759)  
Senator Bongo

**[03:45:28.860] Senator Joseph Victor "JV" G. Ejercito** (asr-004760)  
yung pang-reforms

**[03:45:30.260] Senator Joseph Victor "JV" G. Ejercito** (asr-004761)  
saka yung ano

**[03:45:30.740] Senator Joseph Victor "JV" G. Ejercito** (asr-004762)  
yung mga

**[03:45:31.460] Senator Joseph Victor "JV" G. Ejercito** (asr-004763)  
ano nangyari

**[03:45:34.140] Senator Joseph Victor "JV" G. Ejercito** (asr-004764)  
doon sa

**[03:45:34.540] Senator Joseph Victor "JV" G. Ejercito** (asr-004765)  
memorandum

**[03:45:35.580] Senator Joseph Victor "JV" G. Ejercito** (asr-004766)  
that was issued

**[03:45:36.400] Senator Joseph Victor "JV" G. Ejercito** (asr-004767)  
para

**[03:45:37.380] Senator Joseph Victor "JV" G. Ejercito** (asr-004768)  
at least

**[03:45:38.980] Senator Joseph Victor "JV" G. Ejercito** (asr-004769)  
pwede ba ito

**[03:45:40.100] Senator Joseph Victor "JV" G. Ejercito** (asr-004770)  
ma-verify

**[03:45:40.680] Senator Joseph Victor "JV" G. Ejercito** (asr-004771)  
through electronic

**[03:45:41.640] Senator Joseph Victor "JV" G. Ejercito** (asr-004772)  
mga ganon

**[03:45:42.100] Senator Joseph Victor "JV" G. Ejercito** (asr-004773)  
siguro

**[03:45:42.380] Senator Joseph Victor "JV" G. Ejercito** (asr-004774)  
yung reforms

**[03:45:42.860] Senator Joseph Victor "JV" G. Ejercito** (asr-004775)  
probably

**[03:45:43.440] Senator Joseph Victor "JV" G. Ejercito** (asr-004776)  
Commissioner

**[03:45:44.200] Senator Joseph Victor "JV" G. Ejercito** (asr-004777)  
I would like to find out

**[03:45:45.240] Senator Joseph Victor "JV" G. Ejercito** (asr-004778)  
as Chairman of Finance

**[03:45:46.120] Senator Joseph Victor "JV" G. Ejercito** (asr-004779)  
what reforms

**[03:45:47.120] Senator Joseph Victor "JV" G. Ejercito** (asr-004780)  
were already

**[03:45:47.700] Senator Joseph Victor "JV" G. Ejercito** (asr-004781)  
instituted by your

**[03:45:49.180] Senator Joseph Victor "JV" G. Ejercito** (asr-004782)  
under your organization

**[03:45:50.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004783)  
Maaalalam nyo nga po

**[03:45:54.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-004784)  
noong November

**[03:45:54.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-004785)  
mid-November

**[03:45:55.980] BIR Commissioner Charlito Martin R. Mendoza** (asr-004786)  
sinuspindi po natin

**[03:45:57.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004787)  
ang

**[03:45:58.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004788)  
audits

**[03:45:59.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004789)  
sapagkat

**[03:46:00.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-004790)  
napakaraming reklamo

**[03:46:02.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004791)  
na nirais

**[03:46:02.840] BIR Commissioner Charlito Martin R. Mendoza** (asr-004792)  
ng ating mga

**[03:46:03.400] BIR Commissioner Charlito Martin R. Mendoza** (asr-004793)  
taxpayers noon

**[03:46:04.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004794)  
we suspended

**[03:46:05.640] BIR Commissioner Charlito Martin R. Mendoza** (asr-004795)  
the audit

**[03:46:06.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004796)  
for two months

**[03:46:07.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004797)  
and over

**[03:46:08.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-004798)  
those two months po

**[03:46:09.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004799)  
sa panahon na yun

**[03:46:10.340] BIR Commissioner Charlito Martin R. Mendoza** (asr-004800)  
tinignan natin

**[03:46:11.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004801)  
yung mga proseso

**[03:46:12.040] BIR Commissioner Charlito Martin R. Mendoza** (asr-004802)  
inanalyze natin

**[03:46:13.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-004803)  
in-evaluate natin

**[03:46:14.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-004804)  
tinignan natin

**[03:46:14.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-004805)  
kung saan

**[03:46:15.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-004806)  
ang mga

**[03:46:15.340] BIR Commissioner Charlito Martin R. Mendoza** (asr-004807)  
loopholes

**[03:46:16.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004808)  
ano yung mga areas na

**[03:46:17.320] BIR Commissioner Charlito Martin R. Mendoza** (asr-004809)  
potential areas

**[03:46:19.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-004810)  
for abuse

**[03:46:19.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-004811)  
at during that period din po

**[03:46:21.860] BIR Commissioner Charlito Martin R. Mendoza** (asr-004812)  
umiko tayo

**[03:46:22.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-004813)  
kinausap natin

**[03:46:23.600] BIR Commissioner Charlito Martin R. Mendoza** (asr-004814)  
ang ating mga

**[03:46:24.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-004815)  
stakeholders

**[03:46:24.700] BIR Commissioner Charlito Martin R. Mendoza** (asr-004816)  
ang ating mga

**[03:46:25.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-004817)  
business organizations

**[03:46:26.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-004818)  
even the Chambers of Commerce

**[03:46:28.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004819)  
at hiningi po natin

**[03:46:30.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-004820)  
ang kanila mga komento

**[03:46:31.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-004821)  
kung papaano po

**[03:46:33.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-004822)  
isolve itong problema na ito

**[03:46:34.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-004823)  
so noon pong

**[03:46:36.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-004824)  
January

**[03:46:36.800] BIR Commissioner Charlito Martin R. Mendoza** (asr-004825)  
naglabas po tayo

**[03:46:38.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-004826)  
ng Revenue Memorandum Order

**[03:46:39.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-004827)  
providing for

**[03:46:41.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-004828)  
new audit guidelines

**[03:46:43.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004829)  
at

**[03:46:44.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-004830)  
lately po

**[03:46:45.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004831)  
naglabas po tayo

**[03:46:46.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-004832)  
ng panibagong

**[03:46:47.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-004833)  
audit manual

**[03:46:48.340] BIR Commissioner Charlito Martin R. Mendoza** (asr-004834)  
audit program

**[03:46:49.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-004835)  
further

**[03:46:51.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-004836)  
refining

**[03:46:53.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-004837)  
itong ating

**[03:46:55.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004838)  
panibagong proseso

**[03:46:56.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-004839)  
sa pag-audit

**[03:46:57.640] BIR Commissioner Charlito Martin R. Mendoza** (asr-004840)  
and

**[03:46:58.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004841)  
and I can say po

**[03:46:58.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-004842)  
that we have introduced

**[03:46:59.960] BIR Commissioner Charlito Martin R. Mendoza** (asr-004843)  
substantial reforms

**[03:47:01.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-004844)  
and compassing reforms

**[03:47:03.080] BIR Commissioner Charlito Martin R. Mendoza** (asr-004845)  
this year

**[03:47:03.960] BIR Commissioner Charlito Martin R. Mendoza** (asr-004846)  
so ano po yung mga features

**[03:47:05.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-004847)  
ng ating

**[03:47:06.400] BIR Commissioner Charlito Martin R. Mendoza** (asr-004848)  
audit reforms

**[03:47:08.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-004849)  
unang una po

**[03:47:08.620] Senator Joseph Victor "JV" G. Ejercito** (asr-004850)  
just interject before

**[03:47:11.400] Senator Joseph Victor "JV" G. Ejercito** (asr-004851)  
do you still allow

**[03:47:13.300] Senator Joseph Victor "JV" G. Ejercito** (asr-004852)  
multiple

**[03:47:14.020] Senator Joseph Victor "JV" G. Ejercito** (asr-004853)  
loas

**[03:47:14.960] Senator Joseph Victor "JV" G. Ejercito** (asr-004854)  
in a year?

**[03:47:15.900] Senator Joseph Victor "JV" G. Ejercito** (asr-004855)  
wala na po yan

**[03:47:16.440] Senator Joseph Victor "JV" G. Ejercito** (asr-004856)  
yan kasi ano eh no

**[03:47:17.480] Senator Joseph Victor "JV" G. Ejercito** (asr-004857)  
doon kasi naging abuso

**[03:47:18.760] Senator Joseph Victor "JV" G. Ejercito** (asr-004858)  
yung maraming

**[03:47:19.540] Senator Joseph Victor "JV" G. Ejercito** (asr-004859)  
nabigyan na

**[03:47:20.960] Senator Joseph Victor "JV" G. Ejercito** (asr-004860)  
tapos meron pa

**[03:47:22.360] Senator Joseph Victor "JV" G. Ejercito** (asr-004861)  
paulit-ulit pa

**[03:47:23.300] Senator Joseph Victor "JV" G. Ejercito** (asr-004862)  
so siguro

**[03:47:24.020] Senator Joseph Victor "JV" G. Ejercito** (asr-004863)  
makapakidagdag na rin din po ito

**[03:47:25.680] Senator Joseph Victor "JV" G. Ejercito** (asr-004864)  
kung

**[03:47:26.040] Senator Joseph Victor "JV" G. Ejercito** (asr-004865)  
ano man ang ginawa nyo rito

**[03:47:27.500] Senator Joseph Victor "JV" G. Ejercito** (asr-004866)  
ah

**[03:47:28.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-004867)  
maaalala ko po

**[03:47:29.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-004868)  
noong mga panahon na

**[03:47:30.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004869)  
nagkamaroon pa nga ng

**[03:47:31.080] BIR Commissioner Charlito Martin R. Mendoza** (asr-004870)  
Senate Blue Ribbon Committee Hearing

**[03:47:32.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-004871)  
yan ho ang unang-unang reklamo

**[03:47:34.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-004872)  
na ang isang taxpayer

**[03:47:35.840] BIR Commissioner Charlito Martin R. Mendoza** (asr-004873)  
ay maaaring ma-audit

**[03:47:37.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-004874)  
multiple times

**[03:47:38.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-004875)  
for the same taxable year

**[03:47:39.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-004876)  
it was because

**[03:47:40.900] BIR Commissioner Charlito Martin R. Mendoza** (asr-004877)  
meron ho tayong

**[03:47:41.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-004878)  
separate VAT audit

**[03:47:42.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-004879)  
during that

**[03:47:43.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-004880)  
previously

**[03:47:44.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-004881)  
meron

**[03:47:44.800] BIR Commissioner Charlito Martin R. Mendoza** (asr-004882)  
ma-audit ka ng

**[03:47:45.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-004883)  
first SEM

**[03:47:46.640] BIR Commissioner Charlito Martin R. Mendoza** (asr-004884)  
sa VAT

**[03:47:47.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004885)  
ma-audit ka ng

**[03:47:48.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004886)  
second SEM sa VAT

**[03:47:49.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-004887)  
and then the following year

**[03:47:50.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-004888)  
pag-file mo ng

**[03:47:51.800] BIR Commissioner Charlito Martin R. Mendoza** (asr-004889)  
income tax return mo

**[03:47:52.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-004890)  
the following year

**[03:47:53.400] BIR Commissioner Charlito Martin R. Mendoza** (asr-004891)  
ma-audit ka na naman

**[03:47:54.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-004892)  
for all other

**[03:47:55.600] BIR Commissioner Charlito Martin R. Mendoza** (asr-004893)  
types of taxes

**[03:47:57.700] BIR Commissioner Charlito Martin R. Mendoza** (asr-004894)  
so sa makatawid

**[03:47:58.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-004895)  
sa isang taon

**[03:47:59.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-004896)  
same taxable year

**[03:48:00.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-004897)  
maaari kang ma-audit

**[03:48:02.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-004898)  
ng tatlong beses

**[03:48:02.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-004899)  
at yung po ay

**[03:48:03.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004900)  
napakabigat

**[03:48:04.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-004901)  
at napakahira

**[03:48:05.040] BIR Commissioner Charlito Martin R. Mendoza** (asr-004902)  
para sa ating mga taxpayers

**[03:48:06.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-004903)  
so ang ginawa po natin

**[03:48:07.860] BIR Commissioner Charlito Martin R. Mendoza** (asr-004904)  
is inalist na po natin yan

**[03:48:09.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004905)  
inabolish na po natin yan

**[03:48:11.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004906)  
simula ngayong taon

**[03:48:12.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-004907)  
we have shifted

**[03:48:13.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004908)  
to a single instance

**[03:48:14.660] BIR Commissioner Charlito Martin R. Mendoza** (asr-004909)  
audit framework

**[03:48:15.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-004910)  
meaning to say

**[03:48:16.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-004911)  
na wala na pong

**[03:48:17.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-004912)  
separate audit

**[03:48:18.200] BIR Commissioner Charlito Martin R. Mendoza** (asr-004913)  
sa VAT

**[03:48:18.960] BIR Commissioner Charlito Martin R. Mendoza** (asr-004914)  
isang beses ka na lang

**[03:48:20.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-004915)  
pong ma-audit

**[03:48:21.340] BIR Commissioner Charlito Martin R. Mendoza** (asr-004916)  
for a given taxable year

**[03:48:23.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004917)  
starting this year

**[03:48:24.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-004918)  
at ito po ay

**[03:48:24.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-004919)  
i-encompass na

**[03:48:25.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-004920)  
lahat ng

**[03:48:26.960] BIR Commissioner Charlito Martin R. Mendoza** (asr-004921)  
all types

**[03:48:27.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-004922)  
of taxes

**[03:48:28.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004923)  
including

**[03:48:29.040] BIR Commissioner Charlito Martin R. Mendoza** (asr-004924)  
VAT

**[03:48:29.920] BIR Commissioner Charlito Martin R. Mendoza** (asr-004925)  
at to

**[03:48:31.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-004926)  
implement that

**[03:48:32.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004927)  
inabolish ko na po namin

**[03:48:34.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-004928)  
inalist na po namin

**[03:48:35.200] BIR Commissioner Charlito Martin R. Mendoza** (asr-004929)  
ang mga VAT

**[03:48:35.840] BIR Commissioner Charlito Martin R. Mendoza** (asr-004930)  
audit units

**[03:48:36.620] BIR Commissioner Charlito Martin R. Mendoza** (asr-004931)  
ng BIR

**[03:48:37.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004932)  
wala na po tayong

**[03:48:38.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004933)  
VAT audit units

**[03:48:39.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-004934)  
ng BIR

**[03:48:39.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-004935)  
kaya't hindi na po sila

**[03:48:41.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-004936)  
magkakamero

**[03:48:41.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-004937)  
ng separate VAT audit

**[03:48:43.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-004938)  
isang beses na lamang po sila

**[03:48:45.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-004939)  
starting this taxable year

**[03:48:46.500] BIR Commissioner Charlito Martin R. Mendoza** (asr-004940)  
ma-audit

**[03:48:47.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-004941)  
yan po ang una

**[03:48:48.040] BIR Commissioner Charlito Martin R. Mendoza** (asr-004942)  
pangalawa po

**[03:48:48.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-004943)  
naging concern din yung

**[03:48:50.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-004944)  
palagi akong na-audit

**[03:48:51.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-004945)  
before po kasi

**[03:48:53.600] BIR Commissioner Charlito Martin R. Mendoza** (asr-004946)  
delegated natin

**[03:48:54.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-004947)  
sa ating mga

**[03:48:55.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004948)  
regional directors

**[03:48:56.680] BIR Commissioner Charlito Martin R. Mendoza** (asr-004949)  
yung pag-i-issue

**[03:48:57.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004950)  
yung mga

**[03:48:57.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-004951)  
letters of authority

**[03:48:59.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-004952)  
for priority audit cases

**[03:49:01.980] BIR Commissioner Charlito Martin R. Mendoza** (asr-004953)  
ngayon po

**[03:49:03.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-004954)  
we have shifted

**[03:49:03.920] BIR Commissioner Charlito Martin R. Mendoza** (asr-004955)  
to a

**[03:49:04.620] BIR Commissioner Charlito Martin R. Mendoza** (asr-004956)  
system-assisted

**[03:49:05.980] BIR Commissioner Charlito Martin R. Mendoza** (asr-004957)  
risk-based audit

**[03:49:07.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-004958)  
pagdating po sa mga

**[03:49:08.860] BIR Commissioner Charlito Martin R. Mendoza** (asr-004959)  
priority audits

**[03:49:09.900] BIR Commissioner Charlito Martin R. Mendoza** (asr-004960)  
hindi na po nang gagaling

**[03:49:11.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-004961)  
sa mga regional directors

**[03:49:12.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-004962)  
ang pagpili

**[03:49:12.920] BIR Commissioner Charlito Martin R. Mendoza** (asr-004963)  
ng mga taxpayers

**[03:49:14.040] BIR Commissioner Charlito Martin R. Mendoza** (asr-004964)  
na i-audit

**[03:49:15.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-004965)  
meron po tayong

**[03:49:16.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-004966)  
isang system

**[03:49:16.980] BIR Commissioner Charlito Martin R. Mendoza** (asr-004967)  
na kung tawagin natin

**[03:49:18.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-004968)  
as data warehouse

**[03:49:19.340] BIR Commissioner Charlito Martin R. Mendoza** (asr-004969)  
nandun po lahat

**[03:49:20.480] BIR Commissioner Charlito Martin R. Mendoza** (asr-004970)  
ng mga

**[03:49:20.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-004971)  
tax returns

**[03:49:21.900] BIR Commissioner Charlito Martin R. Mendoza** (asr-004972)  
na fila ng mga taxpayers

**[03:49:23.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-004973)  
even yung other

**[03:49:24.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-004974)  
accompanying documents

**[03:49:25.680] BIR Commissioner Charlito Martin R. Mendoza** (asr-004975)  
audited financial statements

**[03:49:26.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-004976)  
to the

**[03:49:27.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-004977)  
so naglagay po tayo

**[03:49:28.860] BIR Commissioner Charlito Martin R. Mendoza** (asr-004978)  
ng mga parameters

**[03:49:29.680] BIR Commissioner Charlito Martin R. Mendoza** (asr-004979)  
dun

**[03:49:30.040] BIR Commissioner Charlito Martin R. Mendoza** (asr-004980)  
sa tulong ng ating

**[03:49:31.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-004981)  
mga IT

**[03:49:32.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-004982)  
personnel

**[03:49:33.660] BIR Commissioner Charlito Martin R. Mendoza** (asr-004983)  
so ngayon po

**[03:49:34.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-004984)  
yun na pong machine

**[03:49:35.640] BIR Commissioner Charlito Martin R. Mendoza** (asr-004985)  
ang nagsasabi

**[03:49:36.480] BIR Commissioner Charlito Martin R. Mendoza** (asr-004986)  
kung sino ang i-audit

**[03:49:37.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-004987)  
based doon sa parameters

**[03:49:39.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-004988)  
na naka-embed

**[03:49:40.600] BIR Commissioner Charlito Martin R. Mendoza** (asr-004989)  
na po sa system

**[03:49:41.480] BIR Commissioner Charlito Martin R. Mendoza** (asr-004990)  
so diyan po

**[03:49:42.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-004991)  
hindi na po tayo

**[03:49:43.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-004992)  
namimili

**[03:49:44.020] BIR Commissioner Charlito Martin R. Mendoza** (asr-004993)  
wala na tayong

**[03:49:45.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-004994)  
discretion sa pagpili

**[03:49:46.480] BIR Commissioner Charlito Martin R. Mendoza** (asr-004995)  
kung ikaw po

**[03:49:47.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-004996)  
ay mapili

**[03:49:48.460] BIR Commissioner Charlito Martin R. Mendoza** (asr-004997)  
ng system for audit

**[03:49:49.660] BIR Commissioner Charlito Martin R. Mendoza** (asr-004998)  
ibig sabihin no

**[03:49:50.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-004999)  
may problema talaga

**[03:49:51.320] BIR Commissioner Charlito Martin R. Mendoza** (asr-005000)  
pero palagi ko naman

**[03:49:52.680] BIR Commissioner Charlito Martin R. Mendoza** (asr-005001)  
hong sinasabi na

**[03:49:53.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-005002)  
yun hong

**[03:49:54.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-005003)  
letter of authority

**[03:49:55.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-005004)  
is not a conclusion

**[03:49:56.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-005005)  
of liability

**[03:49:57.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-005006)  
at that point

**[03:49:58.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-005007)  
wala pa pong assessment

**[03:49:59.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-005008)  
ang sinasabi lang po

**[03:50:00.660] BIR Commissioner Charlito Martin R. Mendoza** (asr-005009)  
sa letter of authority

**[03:50:01.700] BIR Commissioner Charlito Martin R. Mendoza** (asr-005010)  
mag-submit ka ng documents

**[03:50:03.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005011)  
nakita kasi namin

**[03:50:04.480] BIR Commissioner Charlito Martin R. Mendoza** (asr-005012)  
initially may red flag

**[03:50:05.500] BIR Commissioner Charlito Martin R. Mendoza** (asr-005013)  
mag-submit ka ng documents

**[03:50:06.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-005014)  
and then we will see

**[03:50:07.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-005015)  
titignan natin

**[03:50:08.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-005016)  
kung meron ba talagang problema

**[03:50:10.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-005017)  
sapagkat in many instances

**[03:50:11.640] BIR Commissioner Charlito Martin R. Mendoza** (asr-005018)  
naman po

**[03:50:12.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-005019)  
na-issuehan ng letter of authority

**[03:50:13.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-005020)  
pero na-terminate ang audit

**[03:50:15.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-005021)  
dahil wala namang nakitang

**[03:50:16.700] BIR Commissioner Charlito Martin R. Mendoza** (asr-005022)  
deficiency sa kanyang tax payments

**[03:50:18.660] BIR Commissioner Charlito Martin R. Mendoza** (asr-005023)  
another reform po

**[03:50:20.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005024)  
that we have introduced

**[03:50:21.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-005025)  
this year

**[03:50:21.720] BIR Commissioner Charlito Martin R. Mendoza** (asr-005026)  
is the anonymized case assignment

**[03:50:23.320] BIR Commissioner Charlito Martin R. Mendoza** (asr-005027)  
palagi hong

**[03:50:24.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-005028)  
nagiging reklamo dati na

**[03:50:26.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-005029)  
suki-suki

**[03:50:27.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-005030)  
itong examiner na ito

**[03:50:29.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-005031)  
alam na niya

**[03:50:30.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-005032)  
nasa araw na ito

**[03:50:30.900] BIR Commissioner Charlito Martin R. Mendoza** (asr-005033)  
darating itong examiner na ito

**[03:50:32.880] BIR Commissioner Charlito Martin R. Mendoza** (asr-005034)  
para i-audit siya

**[03:50:33.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-005035)  
so nagkakamaroon ng familiarity

**[03:50:35.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-005036)  
nagiging cost po

**[03:50:36.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005037)  
and potential area

**[03:50:37.400] BIR Commissioner Charlito Martin R. Mendoza** (asr-005038)  
for abuse

**[03:50:38.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-005039)  
and corruption

**[03:50:39.700] BIR Commissioner Charlito Martin R. Mendoza** (asr-005040)  
so ngayon ho

**[03:50:40.480] BIR Commissioner Charlito Martin R. Mendoza** (asr-005041)  
pag in-assign po natin

**[03:50:41.980] BIR Commissioner Charlito Martin R. Mendoza** (asr-005042)  
ang isang audit case

**[03:50:43.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-005043)  
sa region

**[03:50:43.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-005044)  
anonymized po yun

**[03:50:44.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-005045)  
hindi po nila alam

**[03:50:46.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-005046)  
kung ano ang pangalan

**[03:50:46.900] BIR Commissioner Charlito Martin R. Mendoza** (asr-005047)  
ng taxpayers

**[03:50:47.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-005048)  
malalaman lang nila

**[03:50:48.840] BIR Commissioner Charlito Martin R. Mendoza** (asr-005049)  
kapag na-assign na sa examiner

**[03:50:50.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-005050)  
at saka sa group supervisor

**[03:50:51.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-005051)  
may mga birthing pain

**[03:50:53.400] BIR Commissioner Charlito Martin R. Mendoza** (asr-005052)  
lang po kami dyan talaga

**[03:50:54.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-005053)  
since bagong system

**[03:50:55.480] BIR Commissioner Charlito Martin R. Mendoza** (asr-005054)  
kaya mapapansin nyo ho

**[03:50:56.960] BIR Commissioner Charlito Martin R. Mendoza** (asr-005055)  
this year

**[03:50:57.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-005056)  
talagang medyo na-delay

**[03:50:58.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-005057)  
yung pag-deploy namin

**[03:50:59.620] BIR Commissioner Charlito Martin R. Mendoza** (asr-005058)  
ng letters of authority

**[03:51:00.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-005059)  
because of all these reforms

**[03:51:01.800] BIR Commissioner Charlito Martin R. Mendoza** (asr-005060)  
that we have been doing

**[03:51:03.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-005061)  
pangatlo

**[03:51:04.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005062)  
pang-apat po

**[03:51:05.320] BIR Commissioner Charlito Martin R. Mendoza** (asr-005063)  
meron tayong

**[03:51:06.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-005064)  
of course

**[03:51:07.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-005065)  
meron tayong discrepancy discussion

**[03:51:08.840] BIR Commissioner Charlito Martin R. Mendoza** (asr-005066)  
kapag nakita

**[03:51:10.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005067)  
ng examiner

**[03:51:11.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-005068)  
na may kulang

**[03:51:12.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-005069)  
kasa binayaran buwis

**[03:51:13.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-005070)  
hindi naman nuka

**[03:51:13.620] BIR Commissioner Charlito Martin R. Mendoza** (asr-005071)  
agad-agad ito

**[03:51:14.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-005072)  
na-i-issuehan ng

**[03:51:15.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-005073)  
assessment notice

**[03:51:16.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-005074)  
mag-uusap po muna sila

**[03:51:17.840] BIR Commissioner Charlito Martin R. Mendoza** (asr-005075)  
uuupo sila

**[03:51:18.480] BIR Commissioner Charlito Martin R. Mendoza** (asr-005076)  
with the taxpayers

**[03:51:19.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-005077)  
and the taxpayer is given

**[03:51:20.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-005078)  
the chance to explain

**[03:51:21.280] BIR Commissioner Charlito Martin R. Mendoza** (asr-005079)  
kung bakit ito

**[03:51:22.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-005080)  
ang findings namin

**[03:51:23.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-005081)  
at yan po ay recorded

**[03:51:24.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005082)  
may minutes of meeting po

**[03:51:25.800] BIR Commissioner Charlito Martin R. Mendoza** (asr-005083)  
and then

**[03:51:26.640] BIR Commissioner Charlito Martin R. Mendoza** (asr-005084)  
na-raise din po

**[03:51:27.560] BIR Commissioner Charlito Martin R. Mendoza** (asr-005085)  
nung question na yun

**[03:51:28.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-005086)  
na especially

**[03:51:29.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-005087)  
in remote areas

**[03:51:30.720] BIR Commissioner Charlito Martin R. Mendoza** (asr-005088)  
pupunta yung tao

**[03:51:32.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-005089)  
sa taxpayer

**[03:51:33.100] BIR Commissioner Charlito Martin R. Mendoza** (asr-005090)  
at may daladalang

**[03:51:34.200] BIR Commissioner Charlito Martin R. Mendoza** (asr-005091)  
purportedly

**[03:51:34.900] BIR Commissioner Charlito Martin R. Mendoza** (asr-005092)  
letter of authority

**[03:51:36.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-005093)  
so hindi alam

**[03:51:37.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-005094)  
nung taxpayer

**[03:51:38.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-005095)  
kung ito ba talaga

**[03:51:38.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-005096)  
i-legitimate na letter

**[03:51:39.860] BIR Commissioner Charlito Martin R. Mendoza** (asr-005097)  
of authority

**[03:51:40.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-005098)  
malayo naman

**[03:51:41.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005099)  
ng opisina ng RDO

**[03:51:42.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-005100)  
to verify

**[03:51:43.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-005101)  
kaya po early this year

**[03:51:44.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-005102)  
gumawa po tayo

**[03:51:45.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-005103)  
ng system

**[03:51:46.340] BIR Commissioner Charlito Martin R. Mendoza** (asr-005104)  
yung ating tinatawag

**[03:51:47.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005105)  
na LOA verifier

**[03:51:49.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-005106)  
na available ho

**[03:51:50.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-005107)  
sa website namin

**[03:51:51.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-005108)  
i-input lang po nila

**[03:51:52.620] BIR Commissioner Charlito Martin R. Mendoza** (asr-005109)  
ang pangal

**[03:51:53.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-005110)  
ang tax identification number

**[03:51:55.080] BIR Commissioner Charlito Martin R. Mendoza** (asr-005111)  
masasabihin po

**[03:51:56.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-005112)  
ngayon

**[03:51:56.620] BIR Commissioner Charlito Martin R. Mendoza** (asr-005113)  
ng system

**[03:51:57.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-005114)  
kung legitimate ho

**[03:51:59.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-005115)  
yung letter of authority

**[03:52:00.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-005116)  
na in-issue ng DIR

**[03:52:01.720] BIR Commissioner Charlito Martin R. Mendoza** (asr-005117)  
so ilan po ito

**[03:52:02.920] BIR Commissioner Charlito Martin R. Mendoza** (asr-005118)  
sa mga reforms

**[03:52:03.660] BIR Commissioner Charlito Martin R. Mendoza** (asr-005119)  
significant reforms

**[03:52:04.640] BIR Commissioner Charlito Martin R. Mendoza** (asr-005120)  
na ginawa natin

**[03:52:05.400] BIR Commissioner Charlito Martin R. Mendoza** (asr-005121)  
but patuloy po natin

**[03:52:06.320] BIR Commissioner Charlito Martin R. Mendoza** (asr-005122)  
tinututukan itong area na ito

**[03:52:07.920] BIR Commissioner Charlito Martin R. Mendoza** (asr-005123)  
sapagkat palagi nga po

**[03:52:09.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-005124)  
ang cost ng friction

**[03:52:09.860] BIR Commissioner Charlito Martin R. Mendoza** (asr-005125)  
with our taxpayers

**[03:52:10.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-005126)  
and we continue

**[03:52:11.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-005127)  
to address this concern

**[03:52:12.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-005128)  
and you can rest assured po

**[03:52:14.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-005129)  
Mr. Chair

**[03:52:15.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-005130)  
na patuloy po namin

**[03:52:16.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-005131)  
tinututukan ito

**[03:52:17.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-005132)  
at ina-address po namin

**[03:52:18.180] BIR Commissioner Charlito Martin R. Mendoza** (asr-005133)  
ang mga concerns

**[03:52:19.300] BIR Commissioner Charlito Martin R. Mendoza** (asr-005134)  
ng ating mga taxpayers

**[03:52:20.260] BIR Commissioner Charlito Martin R. Mendoza** (asr-005135)  
maraming salamat po

**[03:52:21.180] Senator Christopher Lawrence T. Go** (asr-005136)  
salamat

**[03:52:22.260] Senator Christopher Lawrence T. Go** (asr-005137)  
Commissioner Mendoza

**[03:52:23.500] Senator Christopher Lawrence T. Go** (asr-005138)  
ah

**[03:52:24.620] Senator Christopher Lawrence T. Go** (asr-005139)  
ah

**[03:52:24.940] Senator Christopher Lawrence T. Go** (asr-005140)  
ah

**[03:52:26.620] Senator Christopher Lawrence T. Go** (asr-005141)  
,

**[03:52:27.060] Senator Christopher Lawrence T. Go** (asr-005142)  
hindi ko ba'y naniniwala

**[03:52:27.620] Senator Christopher Lawrence T. Go** (asr-005143)  
na

**[03:52:28.200] Senator Christopher Lawrence T. Go** (asr-005144)  
wala nang

**[03:52:29.540] Senator Christopher Lawrence T. Go** (asr-005145)  
abuso

**[03:52:30.980] Senator Christopher Lawrence T. Go** (asr-005146)  
ngayon na nangyayari

**[03:52:32.140] Senator Christopher Lawrence T. Go** (asr-005147)  
ginagamit yung

**[03:52:33.280] Senator Christopher Lawrence T. Go** (asr-005148)  
LOA

**[03:52:33.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-005149)  
palagay ko po

**[03:52:35.140] BIR Commissioner Charlito Martin R. Mendoza** (asr-005150)  
meron pa rin po yan

**[03:52:36.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-005151)  
ah

**[03:52:36.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-005152)  
hindi ko po masasabi

**[03:52:37.920] BIR Commissioner Charlito Martin R. Mendoza** (asr-005153)  
100%

**[03:52:38.740] BIR Commissioner Charlito Martin R. Mendoza** (asr-005154)  
na wala na pong nangyayaring

**[03:52:39.860] BIR Commissioner Charlito Martin R. Mendoza** (asr-005155)  
pang-aabuso

**[03:52:40.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-005156)  
sa palagay ko ho

**[03:52:41.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-005157)  
nangyayari pa rin yan

**[03:52:42.800] BIR Commissioner Charlito Martin R. Mendoza** (asr-005158)  
but on our part ho

**[03:52:44.160] BIR Commissioner Charlito Martin R. Mendoza** (asr-005159)  
hindi po natin

**[03:52:44.860] BIR Commissioner Charlito Martin R. Mendoza** (asr-005160)  
tinutolerate yan

**[03:52:45.800] BIR Commissioner Charlito Martin R. Mendoza** (asr-005161)  
kaya nga po

**[03:52:46.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-005162)  
ini-encourage natin

**[03:52:47.380] BIR Commissioner Charlito Martin R. Mendoza** (asr-005163)  
yung mga taxpayers natin

**[03:52:48.580] BIR Commissioner Charlito Martin R. Mendoza** (asr-005164)  
na kung mayroon silang reklamo

**[03:52:50.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-005165)  
iparating sa amin

**[03:52:51.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-005166)  
iparating mismo sa akin

**[03:52:52.240] BIR Commissioner Charlito Martin R. Mendoza** (asr-005167)  
at yan naman po

**[03:52:53.120] BIR Commissioner Charlito Martin R. Mendoza** (asr-005168)  
ay agad na aaksyonan natin

**[03:52:54.440] BIR Commissioner Charlito Martin R. Mendoza** (asr-005169)  
in the same way

**[03:52:55.360] BIR Commissioner Charlito Martin R. Mendoza** (asr-005170)  
na mga previous complaints

**[03:52:56.540] BIR Commissioner Charlito Martin R. Mendoza** (asr-005171)  
ay kagad po natin

**[03:52:57.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-005172)  
inaksyonan

**[03:52:58.320] Senator Christopher Lawrence T. Go** (asr-005173)  
Salamat po

**[03:52:59.380] Senator Christopher Lawrence T. Go** (asr-005174)  
please lang po

**[03:53:00.280] Senator Christopher Lawrence T. Go** (asr-005175)  
yan lang po pakiusap ko

**[03:53:01.620] Senator Christopher Lawrence T. Go** (asr-005176)  
sa inyo

**[03:53:02.200] Senator Christopher Lawrence T. Go** (asr-005177)  
Secretary Frederick Go

**[03:53:03.540] Senator Christopher Lawrence T. Go** (asr-005178)  
Commissioner Ariel Nepomuceno

**[03:53:06.540] Senator Christopher Lawrence T. Go** (asr-005179)  
Commissioner

**[03:53:07.420] Senator Christopher Lawrence T. Go** (asr-005180)  
Charlito

**[03:53:09.180] Senator Christopher Lawrence T. Go** (asr-005181)  
Martin Mendoza

**[03:53:10.480] Senator Christopher Lawrence T. Go** (asr-005182)  
alam nyo

**[03:53:11.980] Senator Christopher Lawrence T. Go** (asr-005183)  
yung Pilipino

**[03:53:12.780] Senator Christopher Lawrence T. Go** (asr-005184)  
pag nakarinig sila

**[03:53:14.980] Senator Christopher Lawrence T. Go** (asr-005185)  
ng BIR

**[03:53:15.700] Senator Christopher Lawrence T. Go** (asr-005186)  
o

**[03:53:16.320] Senator Christopher Lawrence T. Go** (asr-005187)  
customs

**[03:53:17.140] Senator Christopher Lawrence T. Go** (asr-005188)  
noon no

**[03:53:18.180] Senator Christopher Lawrence T. Go** (asr-005189)  
yun ang nagiging

**[03:53:19.480] Senator Christopher Lawrence T. Go** (asr-005190)  
maalala nila

**[03:53:20.540] Senator Christopher Lawrence T. Go** (asr-005191)  
nagiging allergic sila

**[03:53:22.100] Senator Christopher Lawrence T. Go** (asr-005192)  
pag BIR na po

**[03:53:23.920] Senator Christopher Lawrence T. Go** (asr-005193)  
kung gusto nyo pong

**[03:53:25.280] Senator Christopher Lawrence T. Go** (asr-005194)  
makikita

**[03:53:25.340] Senator Christopher Lawrence T. Go** (asr-005195)  
maalala kayo ng Pilipino

**[03:53:26.640] Senator Christopher Lawrence T. Go** (asr-005196)  
especially

**[03:53:27.100] Senator Christopher Lawrence T. Go** (asr-005197)  
Secretary Frederick Go

**[03:53:28.600] Senator Christopher Lawrence T. Go** (asr-005198)  
you leave a mark

**[03:53:30.640] Senator Christopher Lawrence T. Go** (asr-005199)  
sa utak ng

**[03:53:32.720] Senator Christopher Lawrence T. Go** (asr-005200)  
Pilipino

**[03:53:33.880] Senator Christopher Lawrence T. Go** (asr-005201)  
at hindi ka nila

**[03:53:34.620] Senator Christopher Lawrence T. Go** (asr-005202)  
malilimutan

**[03:53:35.440] Senator Christopher Lawrence T. Go** (asr-005203)  
tanggalin nyo po

**[03:53:36.660] Senator Christopher Lawrence T. Go** (asr-005204)  
yung corruption

**[03:53:37.280] Senator Christopher Lawrence T. Go** (asr-005205)  
sa gobyerno

**[03:53:38.260] Senator Christopher Lawrence T. Go** (asr-005206)  
tanggalin nyo po

**[03:53:38.940] Senator Christopher Lawrence T. Go** (asr-005207)  
yung corruption

**[03:53:39.440] Senator Christopher Lawrence T. Go** (asr-005208)  
sa BIR

**[03:53:40.100] Senator Christopher Lawrence T. Go** (asr-005209)  
tanggalin nyo po

**[03:53:41.160] Senator Christopher Lawrence T. Go** (asr-005210)  
yung corruption

**[03:53:42.140] Senator Christopher Lawrence T. Go** (asr-005211)  
sa customs

**[03:53:43.140] Senator Christopher Lawrence T. Go** (asr-005212)  
tanggalin nyo po

**[03:53:44.200] Senator Christopher Lawrence T. Go** (asr-005213)  
yung lagay

**[03:53:45.100] Senator Christopher Lawrence T. Go** (asr-005214)  
tanggalin nyo po

**[03:53:46.460] Senator Christopher Lawrence T. Go** (asr-005215)  
yung areglo

**[03:53:47.240] Senator Christopher Lawrence T. Go** (asr-005216)  
tanggalin nyo po

**[03:53:48.300] Senator Christopher Lawrence T. Go** (asr-005217)  
yung corruption

**[03:53:48.960] Senator Christopher Lawrence T. Go** (asr-005218)  
Salamat

**[03:53:50.360] Senator Christopher Lawrence T. Go** (asr-005219)  
Secretary Go

**[03:53:52.160] Senator Joseph Victor "JV" G. Ejercito** (asr-005220)  
Sigur, dagdaga ko na lang

**[03:53:55.340] Senator Joseph Victor "JV" G. Ejercito** (asr-005221)  
were there any

**[03:53:57.260] Senator Joseph Victor "JV" G. Ejercito** (asr-005222)  
BIR employees

**[03:53:58.460] Senator Joseph Victor "JV" G. Ejercito** (asr-005223)  
that have been investigated

**[03:53:59.660] Senator Joseph Victor "JV" G. Ejercito** (asr-005224)  
dahil dito sa pang-aabuso

**[03:54:01.100] Senator Joseph Victor "JV" G. Ejercito** (asr-005225)  
ng

**[03:54:01.400] Senator Joseph Victor "JV" G. Ejercito** (asr-005226)  
letter of authority?

**[03:54:04.500] BIR Commissioner Charlito Martin R. Mendoza** (asr-005227)  
Marami po

**[03:54:04.940] BIR Commissioner Charlito Martin R. Mendoza** (asr-005228)  
marami po tayong

**[03:54:05.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-005229)  
ongoing investigations

**[03:54:06.820] BIR Commissioner Charlito Martin R. Mendoza** (asr-005230)  
involving BIR personnel

**[03:54:08.400] BIR Commissioner Charlito Martin R. Mendoza** (asr-005231)  
marami po

**[03:54:10.020] BIR Commissioner Charlito Martin R. Mendoza** (asr-005232)  
ang undergoing

**[03:54:10.680] BIR Commissioner Charlito Martin R. Mendoza** (asr-005233)  
preliminary evaluation

**[03:54:12.520] BIR Commissioner Charlito Martin R. Mendoza** (asr-005234)  
at marami din po

**[03:54:14.060] BIR Commissioner Charlito Martin R. Mendoza** (asr-005235)  
mas marami po

**[03:54:14.780] BIR Commissioner Charlito Martin R. Mendoza** (asr-005236)  
yung may

**[03:54:15.220] BIR Commissioner Charlito Martin R. Mendoza** (asr-005237)  
formal charge na

**[03:54:16.620] BIR Commissioner Charlito Martin R. Mendoza** (asr-005238)  
and undergoing

**[03:54:17.420] BIR Commissioner Charlito Martin R. Mendoza** (asr-005239)  
formal

**[03:54:18.000] BIR Commissioner Charlito Martin R. Mendoza** (asr-005240)  
administrative investigation

**[03:54:19.760] BIR Commissioner Charlito Martin R. Mendoza** (asr-005241)  
sa BIR po

**[03:54:21.020] Senator Joseph Victor "JV" G. Ejercito** (asr-005242)  
Thank you

**[03:54:22.100] DOF Secretary Frederick D. Go** (asr-005243)  
Mr. Chair

**[03:54:24.320] DOF Secretary Frederick D. Go** (asr-005244)  
Your Honor

**[03:54:24.880] DOF Secretary Frederick D. Go** (asr-005245)  
Yeah

**[03:54:25.620] DOF Secretary Frederick D. Go** (asr-005246)  
I just wanted to

**[03:54:27.660] DOF Secretary Frederick D. Go** (asr-005247)  
close the

**[03:54:29.040] DOF Secretary Frederick D. Go** (asr-005248)  
discussion earlier

**[03:54:31.140] DOF Secretary Frederick D. Go** (asr-005249)  
binanggit po ni

**[03:54:33.300] DOF Secretary Frederick D. Go** (asr-005250)  
Senator Bongo

**[03:54:34.620] DOF Secretary Frederick D. Go** (asr-005251)  
Tama po kayo

**[03:54:36.120] DOF Secretary Frederick D. Go** (asr-005252)  
marami pong

**[03:54:36.900] DOF Secretary Frederick D. Go** (asr-005253)  
kaibigan na negosyante

**[03:54:38.440] DOF Secretary Frederick D. Go** (asr-005254)  
marami pong kilala

**[03:54:39.520] DOF Secretary Frederick D. Go** (asr-005255)  
sa mundo ng

**[03:54:40.420] DOF Secretary Frederick D. Go** (asr-005256)  
pagnenegosyo

**[03:54:41.920] DOF Secretary Frederick D. Go** (asr-005257)  
Ang basehan ko na lang po

**[03:54:44.020] DOF Secretary Frederick D. Go** (asr-005258)  
ay

**[03:54:44.380] DOF Secretary Frederick D. Go** (asr-005259)  
ang volume

**[03:54:46.000] DOF Secretary Frederick D. Go** (asr-005260)  
of complaints

**[03:54:47.060] DOF Secretary Frederick D. Go** (asr-005261)  
I received

**[03:54:47.760] DOF Secretary Frederick D. Go** (asr-005262)  
and I'm very

**[03:54:49.700] DOF Secretary Frederick D. Go** (asr-005263)  
happy to tell you

**[03:54:51.540] DOF Secretary Frederick D. Go** (asr-005264)  
to tell this committee

**[03:54:53.020] DOF Secretary Frederick D. Go** (asr-005265)  
that actually

**[03:54:53.760] DOF Secretary Frederick D. Go** (asr-005266)  
under the leadership

**[03:54:54.880] DOF Secretary Frederick D. Go** (asr-005267)  
of Commissioner Mendoza

**[03:54:56.580] DOF Secretary Frederick D. Go** (asr-005268)  
talagang bumaba po

**[03:54:58.100] DOF Secretary Frederick D. Go** (asr-005269)  
ang number of

**[03:54:59.380] DOF Secretary Frederick D. Go** (asr-005270)  
complaints

**[03:55:00.380] DOF Secretary Frederick D. Go** (asr-005271)  
So sa tanong nyo po

**[03:55:02.020] DOF Secretary Frederick D. Go** (asr-005272)  
kung meron pa

**[03:55:02.660] DOF Secretary Frederick D. Go** (asr-005273)  
ang harassment

**[03:55:03.800] DOF Secretary Frederick D. Go** (asr-005274)  
or meron pa ba

**[03:55:04.580] DOF Secretary Frederick D. Go** (asr-005275)  
ang corruption

**[03:55:05.100] DOF Secretary Frederick D. Go** (asr-005276)  
meron pa akong

**[03:55:06.420] DOF Secretary Frederick D. Go** (asr-005277)  
natatanggap na

**[03:55:07.300] DOF Secretary Frederick D. Go** (asr-005278)  
reklamo

**[03:55:08.040] DOF Secretary Frederick D. Go** (asr-005279)  
pero talagang

**[03:55:09.420] DOF Secretary Frederick D. Go** (asr-005280)  
bumaba ang

**[03:55:10.880] DOF Secretary Frederick D. Go** (asr-005281)  
number of

**[03:55:12.640] DOF Secretary Frederick D. Go** (asr-005282)  
complaints

**[03:55:13.800] DOF Secretary Frederick D. Go** (asr-005283)  
na natatanggap ko po

**[03:55:15.220] DOF Secretary Frederick D. Go** (asr-005284)  
I

**[03:55:17.580] DOF Secretary Frederick D. Go** (asr-005285)  
I

**[03:55:18.180] DOF Secretary Frederick D. Go** (asr-005286)  
understand where

**[03:55:19.520] DOF Secretary Frederick D. Go** (asr-005287)  
you're coming from

**[03:55:20.360] DOF Secretary Frederick D. Go** (asr-005288)  
Your Honor

**[03:55:20.760] DOF Secretary Frederick D. Go** (asr-005289)  
kasi I know you're

**[03:55:21.660] DOF Secretary Frederick D. Go** (asr-005290)  
an advocate of the ease

**[03:55:22.940] DOF Secretary Frederick D. Go** (asr-005291)  
of doing business

**[03:55:23.900] DOF Secretary Frederick D. Go** (asr-005292)  
na lalang

**[03:55:24.860] DOF Secretary Frederick D. Go** (asr-005293)  
ko po

**[03:55:25.200] DOF Secretary Frederick D. Go** (asr-005294)  
yung ginagawa mo dati

**[03:55:26.580] DOF Secretary Frederick D. Go** (asr-005295)  
puro tulong dito

**[03:55:27.720] DOF Secretary Frederick D. Go** (asr-005296)  
tulong dun

**[03:55:28.420] DOF Secretary Frederick D. Go** (asr-005297)  
at

**[03:55:29.240] Senator Christopher Lawrence T. Go** (asr-005298)  
mas mapabilis

**[03:55:32.020] Senator Christopher Lawrence T. Go** (asr-005299)  
yung proseso

**[03:55:33.040] Senator Christopher Lawrence T. Go** (asr-005300)  
huwag natin

**[03:55:33.480] Senator Christopher Lawrence T. Go** (asr-005301)  
pahirapan

**[03:55:34.040] Senator Christopher Lawrence T. Go** (asr-005302)  
yung mga kababayan

**[03:55:35.240] DOF Secretary Frederick D. Go** (asr-005303)  
Yes

**[03:55:35.760] DOF Secretary Frederick D. Go** (asr-005304)  
exactly

**[03:55:36.300] DOF Secretary Frederick D. Go** (asr-005305)  
yan po ang

**[03:55:37.080] DOF Secretary Frederick D. Go** (asr-005306)  
advocacy ko po

**[03:55:40.620] DOF Secretary Frederick D. Go** (asr-005307)  
ngayon

**[03:55:41.060] DOF Secretary Frederick D. Go** (asr-005308)  
sa

**[03:55:41.460] DOF Secretary Frederick D. Go** (asr-005309)  
attached agencies

**[03:55:42.780] DOF Secretary Frederick D. Go** (asr-005310)  
ng DOF

**[03:55:43.440] DOF Secretary Frederick D. Go** (asr-005311)  
na

**[03:55:43.720] DOF Secretary Frederick D. Go** (asr-005312)  
to find ways

**[03:55:46.160] DOF Secretary Frederick D. Go** (asr-005313)  
to make life easier

**[03:55:47.320] DOF Secretary Frederick D. Go** (asr-005314)  
to find ways

**[03:55:48.060] DOF Secretary Frederick D. Go** (asr-005315)  
to make things faster

**[03:55:49.320] DOF Secretary Frederick D. Go** (asr-005316)  
and

**[03:55:50.640] DOF Secretary Frederick D. Go** (asr-005317)  
to find ways

**[03:55:51.520] DOF Secretary Frederick D. Go** (asr-005318)  
to make

**[03:55:52.080] DOF Secretary Frederick D. Go** (asr-005319)  
process simpler

**[03:55:53.660] DOF Secretary Frederick D. Go** (asr-005320)  
ganun po

**[03:55:54.680] DOF Secretary Frederick D. Go** (asr-005321)  
ang mga

**[03:55:55.260] DOF Secretary Frederick D. Go** (asr-005322)  
mga

**[03:55:56.080] DOF Secretary Frederick D. Go** (asr-005323)  
ina-advocate ko po

**[03:55:57.680] DOF Secretary Frederick D. Go** (asr-005324)  
dito

**[03:55:58.040] DOF Secretary Frederick D. Go** (asr-005325)  
so nagpapasalamat po ako

**[03:55:59.820] DOF Secretary Frederick D. Go** (asr-005326)  
na you brought up

**[03:56:01.000] DOF Secretary Frederick D. Go** (asr-005327)  
these matters

**[03:56:01.600] DOF Secretary Frederick D. Go** (asr-005328)  
and

**[03:56:02.040] DOF Secretary Frederick D. Go** (asr-005329)  
I really think that

**[03:56:03.580] DOF Secretary Frederick D. Go** (asr-005330)  
the reforms at the BIR

**[03:56:05.000] DOF Secretary Frederick D. Go** (asr-005331)  
have really helped

**[03:56:05.900] DOF Secretary Frederick D. Go** (asr-005332)  
helped the image

**[03:56:07.440] DOF Secretary Frederick D. Go** (asr-005333)  
of the BIR

**[03:56:08.140] DOF Secretary Frederick D. Go** (asr-005334)  
and

**[03:56:09.700] DOF Secretary Frederick D. Go** (asr-005335)  
we'll keep working at it

**[03:56:11.380] DOF Secretary Frederick D. Go** (asr-005336)  
Your Honor

**[03:56:12.320] Senator Christopher Lawrence T. Go** (asr-005337)  
Salamat

**[03:56:13.940] Senator Christopher Lawrence T. Go** (asr-005338)  
go ahead

**[03:56:15.080] Senator Christopher Lawrence T. Go** (asr-005339)  
and

**[03:56:15.460] Senator Christopher Lawrence T. Go** (asr-005340)  
just do what is right

**[03:56:18.160] Senator Christopher Lawrence T. Go** (asr-005341)  
Secretary Goh

**[03:56:20.380] Senator Christopher Lawrence T. Go** (asr-005342)  
maraming salamat

**[03:56:21.340] Senator Christopher Lawrence T. Go** (asr-005343)  
supporta lang po kami

**[03:56:23.180] Senator Christopher Lawrence T. Go** (asr-005344)  
sa inyo

**[03:56:23.680] Senator Christopher Lawrence T. Go** (asr-005345)  
na gawin po

**[03:56:24.600] Senator Christopher Lawrence T. Go** (asr-005346)  
yung

**[03:56:24.680] Senator Christopher Lawrence T. Go** (asr-005347)  
tama

**[03:56:25.720] Senator Christopher Lawrence T. Go** (asr-005348)  
para sa ating

**[03:56:27.020] Senator Christopher Lawrence T. Go** (asr-005349)  
mga kababayang

**[03:56:27.740] Senator Christopher Lawrence T. Go** (asr-005350)  
Pilipino

**[03:56:28.320] Senator Christopher Lawrence T. Go** (asr-005351)  
lalong lalo na po

**[03:56:29.180] Senator Christopher Lawrence T. Go** (asr-005352)  
yung mga

**[03:56:29.720] Senator Christopher Lawrence T. Go** (asr-005353)  
Pilipino

**[03:56:30.980] Senator Christopher Lawrence T. Go** (asr-005354)  
na gusto lang po

**[03:56:31.820] Senator Christopher Lawrence T. Go** (asr-005355)  
mamuhay

**[03:56:32.700] Senator Christopher Lawrence T. Go** (asr-005356)  
ng maayos

**[03:56:33.800] Senator Christopher Lawrence T. Go** (asr-005357)  
tahimik

**[03:56:34.620] Senator Christopher Lawrence T. Go** (asr-005358)  
sa araw-araw

**[03:56:36.280] Senator Christopher Lawrence T. Go** (asr-005359)  
na kanilang

**[03:56:36.960] Senator Christopher Lawrence T. Go** (asr-005360)  
pamumuhay

**[03:56:37.880] Senator Christopher Lawrence T. Go** (asr-005361)  
salamat po

**[03:56:38.820] Senator Christopher Lawrence T. Go** (asr-005362)  
Secretary Goh

**[03:56:39.560] Senator Christopher Lawrence T. Go** (asr-005363)  
salamat sa lahat

**[03:56:40.420] Senator Christopher Lawrence T. Go** (asr-005364)  
ng attached agencies

**[03:56:41.440] Senator Christopher Lawrence T. Go** (asr-005365)  
nandito

**[03:56:42.120] Senator Christopher Lawrence T. Go** (asr-005366)  
yung iba sa inyo

**[03:56:44.420] Senator Christopher Lawrence T. Go** (asr-005367)  
nakatrabaho ko rin po

**[03:56:46.060] Senator Christopher Lawrence T. Go** (asr-005368)  
thank you for your

**[03:56:47.680] Senator Christopher Lawrence T. Go** (asr-005369)  
services

**[03:56:49.040] Senator Christopher Lawrence T. Go** (asr-005370)  
sa ating

**[03:56:49.620] Senator Christopher Lawrence T. Go** (asr-005371)  
bayan

**[03:56:50.640] Senator Christopher Lawrence T. Go** (asr-005372)  
you have

**[03:56:50.960] Senator Christopher Lawrence T. Go** (asr-005373)  
our support here

**[03:56:52.580] Senator Christopher Lawrence T. Go** (asr-005374)  
sa Senado

**[03:56:53.920] Senator Christopher Lawrence T. Go** (asr-005375)  
basta gawin nyo

**[03:56:54.580] Senator Christopher Lawrence T. Go** (asr-005376)  
lang po yung

**[03:56:55.140] Senator Christopher Lawrence T. Go** (asr-005377)  
na tama

**[03:56:56.540] Senator Christopher Lawrence T. Go** (asr-005378)  
unahin ang

**[03:56:57.860] Senator Christopher Lawrence T. Go** (asr-005379)  
interest ng bayan

**[03:56:58.840] Senator Christopher Lawrence T. Go** (asr-005380)  
unahin po

**[03:56:59.420] Senator Christopher Lawrence T. Go** (asr-005381)  
interest ng

**[03:56:59.960] Senator Christopher Lawrence T. Go** (asr-005382)  
bawat Pilipino

**[03:57:00.780] Senator Christopher Lawrence T. Go** (asr-005383)  
salamat po

**[03:57:01.380] Senator Christopher Lawrence T. Go** (asr-005384)  
Mr. Chair

**[03:57:01.880] Senator Joseph Victor "JV" G. Ejercito** (asr-005385)  
thank you

**[03:57:02.760] Senator Joseph Victor "JV" G. Ejercito** (asr-005386)  
Senator Bongo

**[03:57:03.560] Senator Christopher Lawrence T. Go** (asr-005387)  
thank you

**[03:57:04.160] DOF Secretary Frederick D. Go** (asr-005388)  
thank you for the

**[03:57:04.840] DOF Secretary Frederick D. Go** (asr-005389)  
trust and confidence

**[03:57:05.660] DOF Secretary Frederick D. Go** (asr-005390)  
Senator Bongo

**[03:57:06.500] Senator Joseph Victor "JV" G. Ejercito** (asr-005391)  
yes

**[03:57:08.440] Senator Joseph Victor "JV" G. Ejercito** (asr-005392)  
Commissioner Ariel

**[03:57:10.080] BOC Commissioner Ariel F. Nepomuceno** (asr-005393)  
iulat ko lang po

**[03:57:12.040] BOC Commissioner Ariel F. Nepomuceno** (asr-005394)  
na mabilis

**[03:57:12.560] BOC Commissioner Ariel F. Nepomuceno** (asr-005395)  
para kumpleto po

**[03:57:13.540] BOC Commissioner Ariel F. Nepomuceno** (asr-005396)  
yung

**[03:57:14.620] BOC Commissioner Ariel F. Nepomuceno** (asr-005397)  
sagot po

**[03:57:15.480] BOC Commissioner Ariel F. Nepomuceno** (asr-005398)  
ng BOC

**[03:57:16.160] BOC Commissioner Ariel F. Nepomuceno** (asr-005399)  
sa katanungan

**[03:57:17.120] BOC Commissioner Ariel F. Nepomuceno** (asr-005400)  
ni Secretary

**[03:57:17.620] BOC Commissioner Ariel F. Nepomuceno** (asr-005401)  
ni Senator Bongo

**[03:57:19.220] BOC Commissioner Ariel F. Nepomuceno** (asr-005402)  
kanina

**[03:57:19.640] BOC Commissioner Ariel F. Nepomuceno** (asr-005403)  
kung may korupsyon

**[03:57:20.860] BOC Commissioner Ariel F. Nepomuceno** (asr-005404)  
kung pagbabasayan po

**[03:57:22.180] BOC Commissioner Ariel F. Nepomuceno** (asr-005405)  
natin

**[03:57:22.660] BOC Commissioner Ariel F. Nepomuceno** (asr-005406)  
kailangan ko pong

**[03:57:23.500] BOC Commissioner Ariel F. Nepomuceno** (asr-005407)  
banggitin kasi

**[03:57:24.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005408)  
para ma-encourage

**[03:57:25.620] BOC Commissioner Ariel F. Nepomuceno** (asr-005409)  
naman po yung aming

**[03:57:26.420] BOC Commissioner Ariel F. Nepomuceno** (asr-005410)  
mga tauhan

**[03:57:27.180] BOC Commissioner Ariel F. Nepomuceno** (asr-005411)  
we have more than

**[03:57:27.920] BOC Commissioner Ariel F. Nepomuceno** (asr-005412)  
5,000

**[03:57:28.600] BOC Commissioner Ariel F. Nepomuceno** (asr-005413)  
personnel

**[03:57:29.820] BOC Commissioner Ariel F. Nepomuceno** (asr-005414)  
upang ma-encourage

**[03:57:31.040] BOC Commissioner Ariel F. Nepomuceno** (asr-005415)  
naman po yung mga

**[03:57:31.720] BOC Commissioner Ariel F. Nepomuceno** (asr-005416)  
gumagawa po

**[03:57:32.420] BOC Commissioner Ariel F. Nepomuceno** (asr-005417)  
ng maayos na

**[03:57:33.260] BOC Commissioner Ariel F. Nepomuceno** (asr-005418)  
trabaho

**[03:57:33.800] BOC Commissioner Ariel F. Nepomuceno** (asr-005419)  
kailangan banggitin ko po

**[03:57:35.200] BOC Commissioner Ariel F. Nepomuceno** (asr-005420)  
na while it's true

**[03:57:36.060] BOC Commissioner Ariel F. Nepomuceno** (asr-005421)  
that

**[03:57:36.420] BOC Commissioner Ariel F. Nepomuceno** (asr-005422)  
there are still

**[03:57:37.880] BOC Commissioner Ariel F. Nepomuceno** (asr-005423)  
reports on

**[03:57:39.300] BOC Commissioner Ariel F. Nepomuceno** (asr-005424)  
bad practices

**[03:57:40.800] BOC Commissioner Ariel F. Nepomuceno** (asr-005425)  
on corruption

**[03:57:41.680] BOC Commissioner Ariel F. Nepomuceno** (asr-005426)  
kung pagbabasayan po

**[03:57:43.200] BOC Commissioner Ariel F. Nepomuceno** (asr-005427)  
natin yung

**[03:57:44.040] BOC Commissioner Ariel F. Nepomuceno** (asr-005428)  
koleksyon

**[03:57:45.180] BOC Commissioner Ariel F. Nepomuceno** (asr-005429)  
ito po ang

**[03:57:45.720] BOC Commissioner Ariel F. Nepomuceno** (asr-005430)  
pinakamabisang

**[03:57:47.420] BOC Commissioner Ariel F. Nepomuceno** (asr-005431)  
sukatan

**[03:57:48.960] BOC Commissioner Ariel F. Nepomuceno** (asr-005432)  
kung maganda po

**[03:57:49.800] BOC Commissioner Ariel F. Nepomuceno** (asr-005433)  
yung nangyayari

**[03:57:50.240] BOC Commissioner Ariel F. Nepomuceno** (asr-005434)  
prior to the

**[03:57:51.180] BOC Commissioner Ariel F. Nepomuceno** (asr-005435)  
full automation

**[03:57:51.840] BOC Commissioner Ariel F. Nepomuceno** (asr-005436)  
next year

**[03:57:52.540] BOC Commissioner Ariel F. Nepomuceno** (asr-005437)  
ang koleksyon po

**[03:57:54.000] BOC Commissioner Ariel F. Nepomuceno** (asr-005438)  
ng BOC

**[03:57:54.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005439)  
from January 1

**[03:57:56.240] BOC Commissioner Ariel F. Nepomuceno** (asr-005440)  
this year

**[03:57:56.780] BOC Commissioner Ariel F. Nepomuceno** (asr-005441)  
until end of August

**[03:57:58.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005442)  
ang target po namin

**[03:58:00.200] BOC Commissioner Ariel F. Nepomuceno** (asr-005443)  
ay

**[03:58:00.460] BOC Commissioner Ariel F. Nepomuceno** (asr-005444)  
659 billion

**[03:58:02.600] BOC Commissioner Ariel F. Nepomuceno** (asr-005445)  
dun po sa bagong

**[03:58:03.560] BOC Commissioner Ariel F. Nepomuceno** (asr-005446)  
target

**[03:58:03.980] BOC Commissioner Ariel F. Nepomuceno** (asr-005447)  
ang nabigay na po

**[03:58:06.300] BOC Commissioner Ariel F. Nepomuceno** (asr-005448)  
ng Bureau of Customs

**[03:58:07.280] BOC Commissioner Ariel F. Nepomuceno** (asr-005449)  
na hit po natin

**[03:58:08.140] BOC Commissioner Ariel F. Nepomuceno** (asr-005450)  
yung 659

**[03:58:09.400] BOC Commissioner Ariel F. Nepomuceno** (asr-005451)  
lampas pa po tayo

**[03:58:10.920] BOC Commissioner Ariel F. Nepomuceno** (asr-005452)  
we were able to

**[03:58:11.740] BOC Commissioner Ariel F. Nepomuceno** (asr-005453)  
deliver

**[03:58:12.080] BOC Commissioner Ariel F. Nepomuceno** (asr-005454)  
664

**[03:58:13.260] BOC Commissioner Ariel F. Nepomuceno** (asr-005455)  
billion pesos

**[03:58:14.960] BOC Commissioner Ariel F. Nepomuceno** (asr-005456)  
ibig sabihin

**[03:58:15.860] BOC Commissioner Ariel F. Nepomuceno** (asr-005457)  
more than 5 billion

**[03:58:17.360] BOC Commissioner Ariel F. Nepomuceno** (asr-005458)  
po yung ating

**[03:58:18.040] BOC Commissioner Ariel F. Nepomuceno** (asr-005459)  
excess

**[03:58:18.440] BOC Commissioner Ariel F. Nepomuceno** (asr-005460)  
again

**[03:58:18.840] BOC Commissioner Ariel F. Nepomuceno** (asr-005461)  
pag tinignan nyo po yan

**[03:58:20.760] BOC Commissioner Ariel F. Nepomuceno** (asr-005462)  
mahalaga pong

**[03:58:21.420] BOC Commissioner Ariel F. Nepomuceno** (asr-005463)  
maintindihan po natin

**[03:58:22.660] BOC Commissioner Ariel F. Nepomuceno** (asr-005464)  
na yung volume

**[03:58:23.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005465)  
of importation

**[03:58:24.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005466)  
bumaba

**[03:58:25.320] BOC Commissioner Ariel F. Nepomuceno** (asr-005467)  
iba iba pong mga items

**[03:58:27.440] BOC Commissioner Ariel F. Nepomuceno** (asr-005468)  
merong bumaba

**[03:58:28.260] BOC Commissioner Ariel F. Nepomuceno** (asr-005469)  
ng 3%

**[03:58:29.120] BOC Commissioner Ariel F. Nepomuceno** (asr-005470)  
8%

**[03:58:29.640] BOC Commissioner Ariel F. Nepomuceno** (asr-005471)  
10%

**[03:58:30.340] BOC Commissioner Ariel F. Nepomuceno** (asr-005472)  
kahit na po

**[03:58:31.640] BOC Commissioner Ariel F. Nepomuceno** (asr-005473)  
bumaba po yung

**[03:58:32.600] BOC Commissioner Ariel F. Nepomuceno** (asr-005474)  
volume of importations

**[03:58:33.880] BOC Commissioner Ariel F. Nepomuceno** (asr-005475)  
tumaas naman po

**[03:58:34.820] BOC Commissioner Ariel F. Nepomuceno** (asr-005476)  
yung ating koleksyon

**[03:58:35.900] BOC Commissioner Ariel F. Nepomuceno** (asr-005477)  
ang ibig sabihin

**[03:58:36.540] BOC Commissioner Ariel F. Nepomuceno** (asr-005478)  
maaaring

**[03:58:37.100] BOC Commissioner Ariel F. Nepomuceno** (asr-005479)  
meron na po tayong

**[03:58:38.520] BOC Commissioner Ariel F. Nepomuceno** (asr-005480)  
mga na-achieve

**[03:58:39.460] BOC Commissioner Ariel F. Nepomuceno** (asr-005481)  
because of the reforms

**[03:58:40.560] BOC Commissioner Ariel F. Nepomuceno** (asr-005482)  
we're doing

**[03:58:41.140] BOC Commissioner Ariel F. Nepomuceno** (asr-005483)  
in the Bureau of Customs

**[03:58:42.680] BOC Commissioner Ariel F. Nepomuceno** (asr-005484)  
nagkakaroon na po tayo

**[03:58:43.740] BOC Commissioner Ariel F. Nepomuceno** (asr-005485)  
ng collection efficiency

**[03:58:44.900] BOC Commissioner Ariel F. Nepomuceno** (asr-005486)  
so much so

**[03:58:46.120] BOC Commissioner Ariel F. Nepomuceno** (asr-005487)  
na pag

**[03:58:46.540] BOC Commissioner Ariel F. Nepomuceno** (asr-005488)  
ihihahambing po natin

**[03:58:48.240] BOC Commissioner Ariel F. Nepomuceno** (asr-005489)  
yung koleksyon po

**[03:58:49.180] BOC Commissioner Ariel F. Nepomuceno** (asr-005490)  
ng BOC

**[03:58:50.300] BOC Commissioner Ariel F. Nepomuceno** (asr-005491)  
for the same period

**[03:58:52.420] BOC Commissioner Ariel F. Nepomuceno** (asr-005492)  
last year

**[03:58:53.160] BOC Commissioner Ariel F. Nepomuceno** (asr-005493)  
ng 2025

**[03:58:54.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005494)  
mahigit 43 billion po

**[03:58:56.620] BOC Commissioner Ariel F. Nepomuceno** (asr-005495)  
yung taas po

**[03:58:58.000] BOC Commissioner Ariel F. Nepomuceno** (asr-005496)  
ng ating koleksyon

**[03:58:59.100] BOC Commissioner Ariel F. Nepomuceno** (asr-005497)  
for the same period

**[03:59:00.000] BOC Commissioner Ariel F. Nepomuceno** (asr-005498)  
last year

**[03:59:00.620] BOC Commissioner Ariel F. Nepomuceno** (asr-005499)  
ah ito

**[03:59:01.340] BOC Commissioner Ariel F. Nepomuceno** (asr-005500)  
hindi naman po

**[03:59:02.020] BOC Commissioner Ariel F. Nepomuceno** (asr-005501)  
dahil sa akin

**[03:59:02.640] BOC Commissioner Ariel F. Nepomuceno** (asr-005502)  
ito po yung trabaho po

**[03:59:03.900] BOC Commissioner Ariel F. Nepomuceno** (asr-005503)  
ng mga kasamaan ko

**[03:59:04.860] BOC Commissioner Ariel F. Nepomuceno** (asr-005504)  
lalong lalo na po

**[03:59:06.180] BOC Commissioner Ariel F. Nepomuceno** (asr-005505)  
ang mga port collectors

**[03:59:07.160] BOC Commissioner Ariel F. Nepomuceno** (asr-005506)  
po natin

**[03:59:07.660] BOC Commissioner Ariel F. Nepomuceno** (asr-005507)  
again

**[03:59:08.020] BOC Commissioner Ariel F. Nepomuceno** (asr-005508)  
inuulat po lang po natin yan

**[03:59:09.880] BOC Commissioner Ariel F. Nepomuceno** (asr-005509)  
upang ma-appreciate po natin

**[03:59:11.260] BOC Commissioner Ariel F. Nepomuceno** (asr-005510)  
na kahit hindi pa po

**[03:59:12.300] BOC Commissioner Ariel F. Nepomuceno** (asr-005511)  
na po po

**[03:59:13.220] BOC Commissioner Ariel F. Nepomuceno** (asr-005512)  
le-automated

**[03:59:13.880] BOC Commissioner Ariel F. Nepomuceno** (asr-005513)  
ang ating proseso

**[03:59:15.080] BOC Commissioner Ariel F. Nepomuceno** (asr-005514)  
meron na po tayong

**[03:59:16.380] BOC Commissioner Ariel F. Nepomuceno** (asr-005515)  
mga

**[03:59:16.740] BOC Commissioner Ariel F. Nepomuceno** (asr-005516)  
nagagawa

**[03:59:18.020] BOC Commissioner Ariel F. Nepomuceno** (asr-005517)  
para po sa bansa

**[03:59:19.320] Senator Joseph Victor "JV" G. Ejercito** (asr-005518)  
siguro

**[03:59:21.060] Senator Joseph Victor "JV" G. Ejercito** (asr-005519)  
quickly lang no

**[03:59:22.040] Senator Joseph Victor "JV" G. Ejercito** (asr-005520)  
siguro kay

**[03:59:22.600] Senator Joseph Victor "JV" G. Ejercito** (asr-005521)  
Commissioner Charlito Mendoza

**[03:59:23.980] Senator Joseph Victor "JV" G. Ejercito** (asr-005522)  
no

**[03:59:24.160] Senator Joseph Victor "JV" G. Ejercito** (asr-005523)  
salamat sa iyong reforms

**[03:59:25.420] Senator Joseph Victor "JV" G. Ejercito** (asr-005524)  
that you instituted

**[03:59:26.440] Senator Joseph Victor "JV" G. Ejercito** (asr-005525)  
when you

**[03:59:27.200] Senator Joseph Victor "JV" G. Ejercito** (asr-005526)  
assumed

**[03:59:28.120] Senator Joseph Victor "JV" G. Ejercito** (asr-005527)  
as a chairman

**[03:59:29.020] Senator Joseph Victor "JV" G. Ejercito** (asr-005528)  
as a commissioner

**[03:59:30.800] Senator Joseph Victor "JV" G. Ejercito** (asr-005529)  
of the BIR

**[03:59:32.440] Senator Joseph Victor "JV" G. Ejercito** (asr-005530)  
sana nga

**[03:59:33.020] Senator Joseph Victor "JV" G. Ejercito** (asr-005531)  
matapos na yung

**[03:59:34.000] Senator Joseph Victor "JV" G. Ejercito** (asr-005532)  
kaya ko

**[03:59:34.500] Senator Joseph Victor "JV" G. Ejercito** (asr-005533)  
inangal ito noon

**[03:59:36.120] Senator Joseph Victor "JV" G. Ejercito** (asr-005534)  
sabi ko nga

**[03:59:36.800] Senator Joseph Victor "JV" G. Ejercito** (asr-005535)  
ang reports kasi

**[03:59:38.060] Senator Joseph Victor "JV" G. Ejercito** (asr-005536)  
eh

**[03:59:39.120] Senator Joseph Victor "JV" G. Ejercito** (asr-005537)  
doon po

**[03:59:40.220] Senator Joseph Victor "JV" G. Ejercito** (asr-005538)  
halimbawa

**[03:59:40.620] Senator Joseph Victor "JV" G. Ejercito** (asr-005539)  
nagkaroon ng

**[03:59:41.560] Senator Joseph Victor "JV" G. Ejercito** (asr-005540)  
nagkaroon ng

**[03:59:43.780] Senator Joseph Victor "JV" G. Ejercito** (asr-005541)  
ng pag-uusap

**[03:59:45.960] Senator Joseph Victor "JV" G. Ejercito** (asr-005542)  
no

**[03:59:46.180] Senator Joseph Victor "JV" G. Ejercito** (asr-005543)  
halimbawa

**[03:59:46.660] Senator Joseph Victor "JV" G. Ejercito** (asr-005544)  
ito yung assessment

**[03:59:47.700] Senator Joseph Victor "JV" G. Ejercito** (asr-005545)  
tapos ito yung

**[03:59:48.680] Senator Joseph Victor "JV" G. Ejercito** (asr-005546)  
final

**[03:59:49.520] Senator Joseph Victor "JV" G. Ejercito** (asr-005547)  
ang nakakalungkot

**[03:59:51.820] Senator Joseph Victor "JV" G. Ejercito** (asr-005548)  
mas malaki yung

**[03:59:52.760] Senator Joseph Victor "JV" G. Ejercito** (asr-005549)  
yung

**[03:59:54.160] Senator Joseph Victor "JV" G. Ejercito** (asr-005550)  
binobulsa

**[03:59:54.900] Senator Joseph Victor "JV" G. Ejercito** (asr-005551)  
kaysa sa pinapasok

**[03:59:56.160] Senator Joseph Victor "JV" G. Ejercito** (asr-005552)  
sa gobyerno eh

**[03:59:57.060] Senator Joseph Victor "JV" G. Ejercito** (asr-005553)  
minsan 20-30%

**[03:59:59.360] Senator Joseph Victor "JV" G. Ejercito** (asr-005554)  
diba

**[03:59:59.580] Senator Joseph Victor "JV" G. Ejercito** (asr-005555)  
sana

**[04:00:00.000] Senator Joseph Victor "JV" G. Ejercito** (asr-005582)  
hindi na mangyari yun.

**[04:00:01.100] Senator Joseph Victor "JV" G. Ejercito** (asr-005583)  
I hope not.

**[04:00:02.460] Senator Joseph Victor "JV" G. Ejercito** (asr-005584)  
But I'm happy to hear about the reforms

**[04:00:06.160] Senator Joseph Victor "JV" G. Ejercito** (asr-005585)  
that were instituted by BIR.

**[04:00:10.020] Senator Joseph Victor "JV" G. Ejercito** (asr-005586)  
Sana magtuloy-tuloy na at matigil na yung gano'n.

**[04:00:14.180] Senator Joseph Victor "JV" G. Ejercito** (asr-005587)  
Nakakalungkot kasi na gano'n yung nangyari

**[04:00:16.080] Senator Joseph Victor "JV" G. Ejercito** (asr-005588)  
at that stage.

**[04:00:17.260] Senator Joseph Victor "JV" G. Ejercito** (asr-005589)  
At yung nangyari po sana yung

**[04:00:18.540] Senator Joseph Victor "JV" G. Ejercito** (asr-005590)  
foreign investors natin.

**[04:00:21.120] Senator Joseph Victor "JV" G. Ejercito** (asr-005591)  
Pakiano na lang yun.

**[04:00:22.340] Senator Joseph Victor "JV" G. Ejercito** (asr-005592)  
The one I brought to your attention.

**[04:00:24.980] Senator Joseph Victor "JV" G. Ejercito** (asr-005593)  
Ang hirap na nga tayo sa foreign investments

**[04:00:26.940] Senator Joseph Victor "JV" G. Ejercito** (asr-005594)  
and the reason why I brought this up

**[04:00:28.560] Senator Joseph Victor "JV" G. Ejercito** (asr-005595)  
on the floor because it was already

**[04:00:30.860] Senator Joseph Victor "JV" G. Ejercito** (asr-005596)  
the chambers and yung mga Japanese

**[04:00:33.700] Senator Joseph Victor "JV" G. Ejercito** (asr-005597)  
investors, pati sila naging subject to

**[04:00:37.760] Senator Joseph Victor "JV" G. Ejercito** (asr-005598)  
abuse.

**[04:00:40.360] Senator Joseph Victor "JV" G. Ejercito** (asr-005599)  
So I'm hoping that you'll pay attention.

**[04:00:42.960] Senator Joseph Victor "JV" G. Ejercito** (asr-005600)  
Hirap na nga tayo kung muna investments.

**[04:00:44.880] Senator Joseph Victor "JV" G. Ejercito** (asr-005601)  
Huwag natin pong, siguro huwag na natin

**[04:00:47.660] Senator Joseph Victor "JV" G. Ejercito** (asr-005602)  
silang abusuhin din.

**[04:00:50.580] Senator Joseph Victor "JV" G. Ejercito** (asr-005603)  
Siguro kay Ariel Moceno,

**[04:00:52.780] Senator Joseph Victor "JV" G. Ejercito** (asr-005604)  
tanong ko lang, yung pong scanners

**[04:00:55.320] Senator Joseph Victor "JV" G. Ejercito** (asr-005605)  
that you intend to produce

**[04:00:58.560] Senator Joseph Victor "JV" G. Ejercito** (asr-005606)  
or procure, this will be

**[04:01:00.280] Senator Joseph Victor "JV" G. Ejercito** (asr-005607)  
installed in most major ports

**[04:01:02.480] Senator Joseph Victor "JV" G. Ejercito** (asr-005608)  
or all ports para wala na

**[04:01:04.800] Senator Joseph Victor "JV" G. Ejercito** (asr-005609)  
mabawasan na yung intrusive

**[04:01:06.700] Senator Joseph Victor "JV" G. Ejercito** (asr-005610)  
inspection. Tama ba?

**[04:01:09.900] BOC Commissioner Ariel F. Nepomuceno** (asr-005611)  
Tama po, Mr. Chair.

**[04:01:11.700] BOC Commissioner Ariel F. Nepomuceno** (asr-005612)  
May programa naman pong ginawa po

**[04:01:13.720] BOC Commissioner Ariel F. Nepomuceno** (asr-005613)  
yung ating mga tauhan to come out

**[04:01:15.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005614)  
with the request po.

**[04:01:18.400] Senator Joseph Victor "JV" G. Ejercito** (asr-005615)  
So siguro, how are the shipments

**[04:01:20.040] Senator Joseph Victor "JV" G. Ejercito** (asr-005616)  
selected for physical inspection?

**[04:01:21.940] Senator Joseph Victor "JV" G. Ejercito** (asr-005617)  
Can officers override the risk engine

**[04:01:24.100] Senator Joseph Victor "JV" G. Ejercito** (asr-005618)  
and are overrides audited?

**[04:01:26.180] Senator Joseph Victor "JV" G. Ejercito** (asr-005619)  
So paano yung sistema para sa

**[04:01:28.560] Senator Joseph Victor "JV" G. Ejercito** (asr-005620)  
physical inspection?

**[04:01:30.040] Senator Joseph Victor "JV" G. Ejercito** (asr-005621)  
Random ba yan?

**[04:01:31.080] Senator Joseph Victor "JV" G. Ejercito** (asr-005622)  
Or meron tayong reports?

**[04:01:33.740] BOC Commissioner Ariel F. Nepomuceno** (asr-005623)  
Mr. Chair, kagaya rin po sa BIR,

**[04:01:36.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005624)  
systems generated na po mainly

**[04:01:38.440] BOC Commissioner Ariel F. Nepomuceno** (asr-005625)  
yung mga binubuksan po ng

**[04:01:39.960] BOC Commissioner Ariel F. Nepomuceno** (asr-005626)  
mga tauhan natin for

**[04:01:41.860] BOC Commissioner Ariel F. Nepomuceno** (asr-005627)  
sorry, yung sinasubject po natin

**[04:01:44.940] BOC Commissioner Ariel F. Nepomuceno** (asr-005628)  
sa scanning. May sistema po kami

**[04:01:46.500] BOC Commissioner Ariel F. Nepomuceno** (asr-005629)  
nung yellow, orange,

**[04:01:49.040] BOC Commissioner Ariel F. Nepomuceno** (asr-005630)  
green at red.

**[04:01:50.880] BOC Commissioner Ariel F. Nepomuceno** (asr-005631)  
Systems generated na po ito

**[04:01:52.580] BOC Commissioner Ariel F. Nepomuceno** (asr-005632)  
sa pamamagitan po ng sinasabi nating

**[04:01:54.520] BOC Commissioner Ariel F. Nepomuceno** (asr-005633)  
risk management parameters.

**[04:01:57.440] BOC Commissioner Ariel F. Nepomuceno** (asr-005634)  
Pinipili na po ng

**[04:01:58.440] BOC Commissioner Ariel F. Nepomuceno** (asr-005635)  
sistema based on the parameters

**[04:02:00.040] BOC Commissioner Ariel F. Nepomuceno** (asr-005636)  
that we have set to select

**[04:02:02.000] BOC Commissioner Ariel F. Nepomuceno** (asr-005637)  
by way of an automated

**[04:02:04.180] BOC Commissioner Ariel F. Nepomuceno** (asr-005638)  
system. Sino po yung

**[04:02:06.020] BOC Commissioner Ariel F. Nepomuceno** (asr-005639)  
masasubject po

**[04:02:08.400] BOC Commissioner Ariel F. Nepomuceno** (asr-005640)  
sa scanning machines?

**[04:02:10.400] Senator Joseph Victor "JV" G. Ejercito** (asr-005641)  
There are still a couple of questions

**[04:02:12.200] Senator Joseph Victor "JV" G. Ejercito** (asr-005642)  
for BIR, BOC, and also

**[04:02:14.420] Senator Joseph Victor "JV" G. Ejercito** (asr-005643)  
for

**[04:02:14.740] Senator Joseph Victor "JV" G. Ejercito** (asr-005644)  
sa ating sekretary.

**[04:02:18.620] Senator Joseph Victor "JV" G. Ejercito** (asr-005645)  
But we will just forward it

**[04:02:20.460] Senator Joseph Victor "JV" G. Ejercito** (asr-005646)  
to you. And please

**[04:02:22.380] Senator Joseph Victor "JV" G. Ejercito** (asr-005647)  
prepare for it

**[04:02:24.760] Senator Joseph Victor "JV" G. Ejercito** (asr-005648)  
also for plenary

**[04:02:26.400] Senator Joseph Victor "JV" G. Ejercito** (asr-005649)  
discussion para lang handa tayo.

**[04:02:28.440] Senator Joseph Victor "JV" G. Ejercito** (asr-005650)  
Sa lahat ng

**[04:02:29.720] Senator Joseph Victor "JV" G. Ejercito** (asr-005651)  
issues and topics.

**[04:02:32.380] Senator Joseph Victor "JV" G. Ejercito** (asr-005652)  
We will forward the

**[04:02:34.360] Senator Joseph Victor "JV" G. Ejercito** (asr-005653)  
others to you. Maraming may mga

**[04:02:36.280] Senator Joseph Victor "JV" G. Ejercito** (asr-005654)  
BOS, may mga concern pa sa BOC.

**[04:02:38.520] Senator Joseph Victor "JV" G. Ejercito** (asr-005655)  
Meron din sa BIR.

**[04:02:42.700] Senator Joseph Victor "JV" G. Ejercito** (asr-005656)  
Just a question. Dito na lang

**[04:02:44.600] Senator Joseph Victor "JV" G. Ejercito** (asr-005657)  
sa

**[04:02:44.740] Senator Joseph Victor "JV" G. Ejercito** (asr-005658)  
insurance commission. Andito bang

**[04:02:48.240] Senator Joseph Victor "JV" G. Ejercito** (asr-005659)  
insurance commission?

**[04:02:50.900] Senator Joseph Victor "JV" G. Ejercito** (asr-005660)  
Depcom

**[04:02:51.540] Senator Joseph Victor "JV" G. Ejercito** (asr-005661)  
Ermar Benitez. Acting kayo?

**[04:02:54.240] Senator Joseph Victor "JV" G. Ejercito** (asr-005662)  
Kaya pong acting ngayon?

**[04:02:56.060] Atty. Ermar U. Benitez** (asr-005663)  
Yes, Mr. Chair.

**[04:02:58.440] Senator Joseph Victor "JV" G. Ejercito** (asr-005664)  
O, IC po.

**[04:03:01.260] Senator Joseph Victor "JV" G. Ejercito** (asr-005665)  
Ito yung ano, no?

**[04:03:02.160] Senator Joseph Victor "JV" G. Ejercito** (asr-005666)  
Si Regalado, ba?

**[04:03:04.100] Senator Joseph Victor "JV" G. Ejercito** (asr-005667)  
Is that the one?

**[04:03:04.980] Senator Joseph Victor "JV" G. Ejercito** (asr-005668)  
Anyway, yung ano lang, question lang.

**[04:03:07.140] Senator Joseph Victor "JV" G. Ejercito** (asr-005669)  
Considered PhilHealth is our national social health

**[04:03:09.240] Senator Joseph Victor "JV" G. Ejercito** (asr-005670)  
insurer. While the IC regulates

**[04:03:11.460] Senator Joseph Victor "JV" G. Ejercito** (asr-005671)  
HMOs and private health

**[04:03:13.260] Senator Joseph Victor "JV" G. Ejercito** (asr-005672)  
insurance, may we know what existing

**[04:03:15.060] Senator Joseph Victor "JV" G. Ejercito** (asr-005673)  
coordination or collaboration the insurance commission

**[04:03:17.420] Senator Joseph Victor "JV" G. Ejercito** (asr-005674)  
has with PhilHealth?

**[04:03:19.140] Senator Joseph Victor "JV" G. Ejercito** (asr-005675)  
Meron ba tayong coordination with PhilHealth?

**[04:03:21.120] Atty. Ermar U. Benitez** (asr-005676)  
Yes, Mr. Chair. In fact,

**[04:03:23.540] Atty. Ermar U. Benitez** (asr-005677)  
we just met with the

**[04:03:25.040] Atty. Ermar U. Benitez** (asr-005678)  
with Doc Bev Ho

**[04:03:26.460] Atty. Ermar U. Benitez** (asr-005679)  
of the PhilHealth.

**[04:03:28.440] Atty. Ermar U. Benitez** (asr-005680)  
Two weeks ago.

**[04:03:30.660] Atty. Ermar U. Benitez** (asr-005681)  
Because we were coming up with the

**[04:03:32.800] Atty. Ermar U. Benitez** (asr-005682)  
memorandum of agreement

**[04:03:33.960] Atty. Ermar U. Benitez** (asr-005683)  
on how we can operationalize

**[04:03:37.000] Atty. Ermar U. Benitez** (asr-005684)  
the layering of the two benefits.

**[04:03:39.760] Atty. Ermar U. Benitez** (asr-005685)  
The PhilHealth being the

**[04:03:40.940] Atty. Ermar U. Benitez** (asr-005686)  
first layer and the

**[04:03:42.980] Atty. Ermar U. Benitez** (asr-005687)  
from the

**[04:03:44.900] Atty. Ermar U. Benitez** (asr-005688)  
HMOs being the second layer.

**[04:03:48.020] Atty. Ermar U. Benitez** (asr-005689)  
And this is with the

**[04:03:49.220] Atty. Ermar U. Benitez** (asr-005690)  
coordination with our

**[04:03:50.760] Atty. Ermar U. Benitez** (asr-005691)  
secretary. Mr. Chair.

**[04:03:54.180] Senator Joseph Victor "JV" G. Ejercito** (asr-005692)  
Ang question lang,

**[04:03:55.360] Senator Joseph Victor "JV" G. Ejercito** (asr-005693)  
are Filipinos paying twice of the same

**[04:03:58.440] Senator Joseph Victor "JV" G. Ejercito** (asr-005694)  
healthcare benefits?

**[04:04:00.820] Senator Joseph Victor "JV" G. Ejercito** (asr-005695)  
How do you ensure that PhilHealth, HMOs,

**[04:04:02.800] Senator Joseph Victor "JV" G. Ejercito** (asr-005696)  
and private health insurance complement each other

**[04:04:05.020] Senator Joseph Victor "JV" G. Ejercito** (asr-005697)  
so patients get comprehensive

**[04:04:06.960] Senator Joseph Victor "JV" G. Ejercito** (asr-005698)  
coverage without paying

**[04:04:08.960] Senator Joseph Victor "JV" G. Ejercito** (asr-005699)  
for overlapping benefits?

**[04:04:12.060] Atty. Ermar U. Benitez** (asr-005700)  
Mr. Chair,

**[04:04:12.820] Atty. Ermar U. Benitez** (asr-005701)  
ang pinag-usapan po namin, which is also being

**[04:04:14.960] Atty. Ermar U. Benitez** (asr-005702)  
implemented right now, is that

**[04:04:17.420] Atty. Ermar U. Benitez** (asr-005703)  
yung HMO

**[04:04:19.060] Atty. Ermar U. Benitez** (asr-005704)  
will already take into consideration

**[04:04:21.120] Atty. Ermar U. Benitez** (asr-005705)  
in setting the premium,

**[04:04:23.380] Atty. Ermar U. Benitez** (asr-005706)  
the fact of PhilHealth

**[04:04:25.260] Atty. Ermar U. Benitez** (asr-005707)  
coverage. And it's already part of our

**[04:04:27.120] Atty. Ermar U. Benitez** (asr-005708)  
rating system.

**[04:04:28.440] Atty. Ermar U. Benitez** (asr-005709)  
Mr. Chair.

**[04:04:29.980] Senator Joseph Victor "JV" G. Ejercito** (asr-005710)  
Does PhilHealth and the Insurance Commission

**[04:04:32.480] Senator Joseph Victor "JV" G. Ejercito** (asr-005711)  
regularly share data on claims,

**[04:04:34.880] Senator Joseph Victor "JV" G. Ejercito** (asr-005712)  
utilization, healthcare costs,

**[04:04:36.880] Senator Joseph Victor "JV" G. Ejercito** (asr-005713)  
and benefit coverage?

**[04:04:39.060] Atty. Ermar U. Benitez** (asr-005714)  
To be honest, Your Honor,

**[04:04:40.780] Atty. Ermar U. Benitez** (asr-005715)  
we don't have that kind of

**[04:04:42.220] Atty. Ermar U. Benitez** (asr-005716)  
smooth mechanism right now.

**[04:04:45.540] Atty. Ermar U. Benitez** (asr-005717)  
But with the upcoming

**[04:04:46.840] Atty. Ermar U. Benitez** (asr-005718)  
memorandum of agreement,

**[04:04:49.700] Atty. Ermar U. Benitez** (asr-005719)  
you can rest assured that we will

**[04:04:50.920] Atty. Ermar U. Benitez** (asr-005720)  
include that so that there will

**[04:04:52.880] Atty. Ermar U. Benitez** (asr-005721)  
be a more accurate

**[04:04:54.860] Atty. Ermar U. Benitez** (asr-005722)  
monitoring of the industry.

**[04:05:06.340] Senator Joseph Victor "JV" G. Ejercito** (asr-005723)  
Anyway, again, just a reminder: please submit to the committees all the other questions and issues that we will forward to you, and prepare for the plenary discussion. We will submit the rest of our questions to you. The committee chair would like to thank everyone,

**[04:05:25.900] Senator Joseph Victor "JV" G. Ejercito** (asr-005724)  
especially our esteemed resource persons led by Secretary Frederick Go, the DOF family, and the heads of agencies. Maraming salamat.

**[04:05:35.320] Senator Joseph Victor "JV" G. Ejercito** (asr-005725)  
Thank you very much for actively participating

**[04:05:36.800] Senator Joseph Victor "JV" G. Ejercito** (asr-005726)  
in our discussions today.

**[04:05:40.740] Senator Joseph Victor "JV" G. Ejercito** (asr-005727)  
Although

**[04:05:41.300] Senator Joseph Victor "JV" G. Ejercito** (asr-005728)  
we're quite early,

**[04:05:43.420] Senator Joseph Victor "JV" G. Ejercito** (asr-005729)  
Wala masyadong ano.

**[04:05:45.720] Senator Joseph Victor "JV" G. Ejercito** (asr-005730)  
Pasensya na,

**[04:05:47.980] Senator Joseph Victor "JV" G. Ejercito** (asr-005731)  
Sorry, we have to do it because of our

**[04:05:49.480] Senator Joseph Victor "JV" G. Ejercito** (asr-005732)  
tight schedule. We have to do

**[04:05:51.180] Senator Joseph Victor "JV" G. Ejercito** (asr-005733)  
simultaneous hearings.

**[04:05:53.520] Senator Joseph Victor "JV" G. Ejercito** (asr-005734)  
But be prepared for

**[04:05:55.440] Senator Joseph Victor "JV" G. Ejercito** (asr-005735)  
the plenary kasi nga wala masyadong

**[04:05:57.120] Senator Joseph Victor "JV" G. Ejercito** (asr-005736)  
dumating. So,

**[04:05:58.440] Senator Joseph Victor "JV" G. Ejercito** (asr-005737)  
be prepared for that.

**[04:06:01.780] Senator Joseph Victor "JV" G. Ejercito** (asr-005738)  
So, there being no other questions,

**[04:06:03.480] Senator Joseph Victor "JV" G. Ejercito** (asr-005739)  
the budget, the Department of Finance,

**[04:06:05.760] Senator Joseph Victor "JV" G. Ejercito** (asr-005740)  
including its attached agencies and corporations

**[04:06:07.700] Senator Joseph Victor "JV" G. Ejercito** (asr-005741)  
is deemed submitted for the plenary's

**[04:06:09.300] Senator Joseph Victor "JV" G. Ejercito** (asr-005742)  
consideration subject to the discussion

**[04:06:11.580] Senator Joseph Victor "JV" G. Ejercito** (asr-005743)  
and submission

**[04:06:13.380] Senator Joseph Victor "JV" G. Ejercito** (asr-005744)  
of documents required.

**[04:06:15.680] Senator Joseph Victor "JV" G. Ejercito** (asr-005745)  
This briefing is hereby suspended.

**[04:06:17.280] Senator Joseph Victor "JV" G. Ejercito** (asr-005746)  
Thank you. Thank you.

**[04:06:18.940] DOF Secretary Frederick D. Go** (asr-005747)  
Mr. Chair, when is the plenary

**[04:06:21.020] DOF Secretary Frederick D. Go** (asr-005748)  
do you estimate?