Rightsizing, budget modernization, tax reform top Marcos' list of priority measures

President Ferdinand "Bongbong" Marcos, Jr. has called on Congress to prioritize the passage of the National Government Rightsizing Program (NGRP) and tax reform measures.

Marcos made the pitch during his first State of the Nation Address, saying that the rightsizing measure will enhance the government’s institutional capacity to perform its mandate and provide better services while ensuring optimal and efficient use of resources.

"Compared to previous government reorganization efforts, the NGRP will entail a comprehensive strategic review of the functions, operations, organization, systems and processes of the different agencies, and massive and transformational initiatives in agencies concerned, such as merger, consolidation, splitting, transfer, and abolition of some offices," Marcos said.

"The rightsizing efforts will also involve the conduct of a comprehensive strategic review of functions, programs and projects that will cut across various agencies," Marcos added.

As for tax reforms, Marcos pushed for the Valuation Reform Bill which provides for the establishment of real property values and valuation standards across the country and Real Property Information System which would be the database of all real property transactions and declarations in the country.

Likewise, Marcos sought passage of the  Passive Income and Financial Intermediary Taxation Act  which will simplify financial sector taxation into simpler, fairer,  more efficient and a revenue neutral tax system.

"These are the legislation that we would like for you to pass in support of these programs," Marcos said.—LDF, GMA News