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PIA Press Release
2007/04/03

Teves cites taxpayers' contribution to reduced deficit, improved business climate

Cagayan de Oro City (3 April) -- FINANCE Secretary Gary Teves thanked taxpayers and appealed to them to sustain the sacrifice and patriotism that greatly contributed to the country's reduced deficit and improved business environment in creating more jobs.

Teves said the improved fiscal position also allowed government to spend more on infrastructure and social services; build/repair 3,251 kms. of roads this year, helping to decongest traffic and provide more routes for travelers.

He also said P7.4 billion will be used to irrigate 13,620 hectares and P8 billion for flood control structures, including seawalls.

By the end of the year, electricity and clean water will be made available in hundred more barangays, he added.

Teves said the government will also build more hospitals, hire more doctors and nurses, and enroll more low-income families in PhilHealth.

Finally, education being top priority, the government will hire 12,000 new teachers and 882 principals; build 14,750 classrooms; buy 42 million textbooks; and sustain the feeding program for the schoolchildren.

"However, our country is our shared responsibility, which means we all need 2 do our duty and pay the right taxes," Teves appealed.

"For our part, we recognize that we are accountable to the people and will regularly report on where your hard-earned taxes are going. Again, we thank you for your continued support. Our joint efforts to strengthen our economy will benefit all Filipinos this day onwards, including the generations to come," Teves assured. (PIA-10) [top]

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