LIVE: Senate hearing on the proposed 2026 DOF budget | October 14 скачать в хорошем качестве

LIVE: Senate hearing on the proposed 2026 DOF budget | October 14

Finance Secretary Ralph Recto presents the Department of Finance's (DOF) proposed P37.78-billion budget for 2026 before the Senate Committee on Finance. In his presentation, Recto outlines the DOF's role as the nation's primary fundraiser, detailing revenue targets and strategies to support the P6.79-trillion proposed national budget. He vows that the DOF will not tolerate corruption, directly addressing the recent flood control controversy and its impact on public spending and the economy. Following the presentation, senators question Recto and heads of attached agencies, including the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC), on a range of critical issues: Challenges in meeting revenue targets amid internal and external headwinds. The fight against illicit trade in tobacco, vape, and agricultural products. Systemic corruption within the BOC, as flagged by the US State Department. The progress of digitalization efforts in the BIR and BOC to improve efficiency and curb corruption. Updates on the investigation into contractors involved in the flood control issue. The status of the PhilHealth funds and the MUP pension reform. Chapters: 0:00 - Start of Hearing & Introduction of Officials 2:52 - DOF Budget Presentation by Sec. Ralph Recto 3:22 - The DOF's Role as the Nation's Fundraiser 7:43 - Recto on Fighting Corruption & the Flood Control Issue 9:54 - Breakdown of the Proposed 2026 DOF Budget 12:17 - Proposed Budgets for BIR, BOC, and Other Agencies 16:37 - Start of Q&A: Sen. Gatchalian on Revenue Collection 18:17 - Challenges and Innovations in Revenue Generation 23:12 - Top Economic Headwinds for the Philippines 28:58 - BIR & BOC Performance and Challenges 33:40 - Tackling Illicit Trade: Tobacco, Vape, and Smuggling 40:45 - BOC's Digitalization Efforts & Fight vs. Illicit Trade 57:17 - BOC Addresses US State Dept. 'Corruption' Tag 1:12:35 - BIR's Digitalization Roadmap under EOPT Law 1:17:43 - Issue of Unfilled Positions in BIR and BOC 1:26:23 - BIR Update: Case Filed vs. Contractor in Flood Control Scam 1:48:20 - Sen. JV Ejercito on Anti-Agricultural Smuggling 2:01:27 - BLGF on Real Property Valuation Reform (RPARA) 2:16:24 - Bureau of Treasury on Insurance for Public Schools 2:26:44 - Update on the Coco Levy Trust Fund 2:30:11 - Insurance Commission on Performance Bonds for Gov't Projects 2:49:03 - Update on Government's Privatization Efforts 3:09:03 - Sen. Bong Go on Ease of Doing Business & PhilHealth Funds 3:41:35 - Sen. Jinggoy Estrada on MUP Pension Reform 3:50:03 - DOF Position on Reducing VAT from 12% to 10% 3:52:19 - Update on Seized Luxury Cars from Discaya Family 3:56:31 - End of Hearing For more ABS-CBN News videos, click the link below:    • ABS-CBN News   For more Breaking News & Live Coverage videos, click the link below:    • Breaking News & Live Coverage   For more latest news and analysis from ABS-CBN News videos, click the link below:    • The latest news and analysis from ABS-CBN ...   For more News Digital News Raw Cuts, click the link below:    • News Digital Raw Cuts 2025   Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Watch full episodes on iWantTFC for FREE here: http://iwanttfc.com Visit our website at http://news.abs-cbn.com Facebook:   / abscbnnews   Twitter:   / abscbnnews   Instagram:   / abscbnnews   #ABSCBNNews #DOFBudget #RalphRecto #SenatePH #BudgetHearing #BIR #BOC #AntiCorruption #PhilippineEconomy #Balita