2018 Budget has subsidies to cushion tax impact & generate tourism jobs

 

By Rose de la Cruz

 

Two partylists representatives said the 2018 General Appropriations Act have funds to subsidize the impact of the TRAIN (or Tax Reform for Acceleration and Inclusion) Tax reform law on the small people and to generate jobs in tourism.

 

These were the assurances given by Reps. Frederick W. Siao (lone district of Iligan City and vice chair of Committee on Tourism) and Rep. Bernadette Herrera-Dy of Bagong Henerasyon partylist and chair of the Committee on Public Information.

 

Herrera Dy said “DSWD has P1.184 billion Tax Reform Cash Transfer Program allocation aside from the P89.4 billion for the 4Ps program, P19.26 billion for indigent seniors, P3.42 billion for supplemental feeding, and P38.9 million for street children.” She is also assistant majority leader and vice chair of the committee on women and children.

 

She also said that aside from the budgets of State Universities and Colleges, the Commission on Higher Education also has P5.86 billion for Tulong-Dunong grants and incentives, plus P3.9 billion for college faculty taking masters and doctoral studies as part of the K to 12 transition program.

 

In addition, the Department of Health also has P106 billion aside from P4.34 billion funding for indigents and P15.5 billion to buy medicines and vaccines, she added.

 

Tourism

 

Rep. Siao said the 2018 budget has at least P34 billion for tourism, broken down as P3 billion for the DOT and P31.97 billion for the Tourism Road Infrastructure Program.

 

“For workers in the tourism sector, the DoT has P160 million for tourism industry training. And for tourism entrepreneurs (in hotels, resorts, restaurants and other establishments catering to tourists), the agency has P124 million for standards development and enforcement,” Siao also said.

 

P1 billion of the DoT budget is for its branding campaign and P1.6 billion is for market and product development, while P235.892 million is for policy and planning.

 

The Department of Trade and Industry’s Negosyo Centers has a budget of P514.579 million and shared service facilities funds of P200 million, which would also have multiplier effects the tourism sector can gain from.

 

Also favorable to the tourism sector is the National Greening Program of the DENR for which P2.787 billion was allocated, plus the various road and local infrastructure funds of the DPWH.

 

“For workers in the tourism sector, the DoT has P160 million for tourism industry training. For the tourism entrepreneurs running hotels, resorts, restaurants and other establishments catering to tourists, the agency has P124 million for standards development and enforcement,” Siao also said.

 

 

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