Charting the Future Initiative is a collaboration between Bantay Kita and the Natural Resource Governance Institute (NRGI). The project plans to model three mining projects and channel outcomes and outputs to decision-making processes at the national and subnational level. Bantay Kita (BK) has pushed for transparency in the extractives and actively used not just data but relevant data. Part of our open government initiatives is to increase access, understanding, and use of relevant mining data among BK members.
The project will use an existing template particularly that of the International Monetary Fund’s Fiscal Analysis of Resource Industries (FARI). The said template has four main results and implications:
From this modeling exercise we hope to capture the following data and information:
BK engages with various stakeholders at the national and subnational level. Using this lens, we always aim to ensure that data and information we communicate are most relevant to the roles they play and decisions they make.
For each mining project that we will model we plan to engage with the following stakeholders:
Subnational Stakeholders
National Stakeholders
The project will use an existing template particularly that of the International Monetary Fund’s Fiscal Analysis of Resource Industries (FARI). The said template has four main results and implications:
- Fiscal Regime Design and Evaluation
- International Comparisons
- Revenue Forecasting
- Tax Administration
From this modeling exercise we hope to capture the following data and information:
- Effective tax rates under varying conditions
- Progressivity of the tax regime – current and proposed
- Cash flow pre and post fiscal impositions
- Time profile of production, revenues and social spending
- Breakeven price for minerals
BK engages with various stakeholders at the national and subnational level. Using this lens, we always aim to ensure that data and information we communicate are most relevant to the roles they play and decisions they make.
For each mining project that we will model we plan to engage with the following stakeholders:
Subnational Stakeholders
- Indigenous Peoples (IPs) Organizations (to represent IPs receiving or about to receiv royalties from mining companies)
- Municipal Treasurers (to represent local government units (LGUs) hosting the mining operations)
- Regional Mineral Economics Division Offices of the Mines and Geosciences Bureau (agency tasked to manage data and information collected from mining operations)
- Economics Departments of local universities
National Stakeholders
- Legislative Staff of chairs of Ways and Means Committee and Natural Resource Committee from Senate and House of Representatives
- Mineral Economics Division Central Office – Mines and Geosciences Bureau
- Bureau of Local Government Finance Central Office – Department of Finance
- Philippine Extractive Industries Transparency Initiative Secretariat