Connect with us

Hi, what are you looking for?

Economy

Finance department boosting drive versus corruption, says chief

THE DEPARTMENT of Finance (DoF) is bolstering its anti-corruption drive within the agency through lifestyle checks and computerization, according to Finance Secretary Carlos G. Dominguez.

The agency is continuously reviewing its processes to reduce opportunities for graft, he  said in a statement on weekend.

DoF’s Revenue Integrity Protection Service has investigated 403 officials and employees since President Rodrigo R. Duterte took office in 2016, and administrative and criminal cases were filed against 60 people, Mr. Dominguez said.

Fourteen of the officials have been dismissed, he added.

The agency is accelerating the adoption of digital technologies to further enhance transparency and reduce the margin of discretion “that is ultimately the source of graft in the bureaucracy,” he said.

DoF is also battling “state capture,” which Mr. Dominguez said is “one of the worst forms of corruption” involving private people who try to influence policy-making and undermine the public interest for their own benefit.

DoF has been sharing its knowledge about state capture with regulators and key government officials to help identify the schemes perpetuated by “these grafters and influence peddlers” and stop them in their tracks, he said in a message aired over DZRJ on Saturday.

Mr. Dominguez said he wanted the Justice department, which President Rodrigo R. Duterte had ordered to probe the entire bureaucracy for corruption, to work with the Revenue service group in going after corrupt officials. — Luz Wendy T. Noble

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

The number of businesses going bust in England and Wales jumped last month to its highest level since the start of the pandemic, as...

Economy

Co-engineered with ZEISS, new vivo X70 highlights state-of-the-art mobile photography technology Global brand vivo remains top of mind when one thinks of premium imaging...

Investing

Half of the UK’s working mothers do not get the flexibility they ask for, while those that do work flexibly face discrimination, according to...

Economy

By Jenina P. Ibañez, Reporter   Money sent home by overseas Filipino workers (OFWs) increased for the seventh straight month as more host economies with...

Economy

The Bureau of Internal Revenue (BIR) clarified that only medicines and medical devices for the treatment of coronavirus disease 2019 (COVID-19) included in an updated government list...

Economy

Typhoon Kompasu has resulted in the worst container shipping traffic jam in months, one that now stretches throughout Southeast Asia and may take weeks to unravel. ...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!