NextGen Day

Rep. Marcelino Libanan (4Ps Party-list) stated on Sunday that the Bureau of Immigration (BI) can assist in generating new government revenues required to finance further cash assistance, or “ayuda,” for impoverished households struggling with the soaring prices of essential commodities.

Without a doubt, the BI can generate between PHP10 billion and PHP12 billion in annual revenues, and potentially even more, according to Libanan, who held the position of BI Commissioner for three years during the Arroyo administration.

Prior to the epidemic, he continued, “the BI already produced PHP9.3 billion in sales in 2019, up 32% from the PHP7.03 billion it brought in in 2018.”

The proposed Bureau of Immigration Modernization Act, which the House passed in the last Congress on the third and final reading but the Senate rejected, has been brought back to life by Libanan.

House Bill 1069, which is being reintroduced by Libanan in the upcoming 19th Congress, aims to restructure and further professionalize the BI, update its technologies, and increase personnel compensation.

The bill also permits the BI to keep “no more than PHP1.2 billion” of its annual revenue so that it may put money into new information technology-enabled automation initiatives that increase revenue, like a totally online application and payment system that would get rid of corruption.

The BI receives revenue through immigration tax, clearing and certification taxes, fines and penalties, and visa processing and extension costs. The agency’s earnings are directly transferred to the federal treasury.

The government is attempting to raise additional funds to subsidize low-income households that are being hammered by rising consumer costs as Libanan’s bill is introduced.

The initial tranche of the add-on cash handouts to families listed under the Pantawid Pamilyang Pilipino Program, or the 4Ps, cost PHP6.2 billion, which was previously provided by the Department of Budget and Management.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---