Discussions on fiscal modeling and taxes
FISCAL REGIME - CONCEPTUAL BUILDING BLOCKS TO FISCAL MODELING AND TAX ANALYSIS
I. MANAGING NATURAL RESOURCE REVENUES: OPPORTUNITIES AND CHALLENGES
According to the PH-EITI Report, government collected around Php 5.8 billion pesos excluding royalties paid to indigenous peoples in 2012. The following year, it went down to Php 5.4 billion. The year after that, government revenues from mining doubled to Php 11.1 billion.
Nationally, revenues from mining is rather insignificant just by looking at the figures below. National government revenues were taken from the Bureau of Treasury's data.
But there has to be a shift in the way we look at mining revenue management in the Philippines.