Government expects to exceed revenue collection target in 2011.

By bne IntelliNews July 29, 2010
The government of Philippines is expected to exceed the revenue collection target of PHP 910bn in 2011. As reported by Dow Jones International News, Bureau of Internal Revenue (BIR) commissioner Kim Henares stated that tax collection in 2011 could even increase by more than 10% from this year's collection target of PHP 860bn. But, she also mentioned that the government is not expected to achieve its tax collection goal of PHP 67.38bn during July this year.

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