Higher tax take unlikely to widen 2027 fiscal space, CPBRD warns

MANILA, Philippines — Tax revenues could rise to P4.854 trillion in 2027 even under a slower economic growth outlook. However, the marginal gain would still be too small to expand the government’s fiscal space materially, the Congressional Policy and Budget Research Department (CPBRD) said. This projection is slightly higher than the Development Budget Coordination Committee’s (DBCC)