The National Economic and Development Authority said about half a million jobs could be created over the next half-decade which could also lift 250,000 Filipinos out of poverty with the implementation of the administration’s comprehensive tax reform program.
Neda national policy and planning director Reynaldo Cancio said an analysis showed the bulk of the jobs to be created by tax reform would come from the construction and retail sectors.
“We say that in terms of employment, the tax reforms could generate about half a million additional jobs over the next six years. With respect to poverty, our analysis is that it could lift about 200,000 to 250,000 Filipinos out of poverty. So that’s out of the six million that’s been targeted over the next six years,” Cancio said at one of the public hearings conducted by the Senate ways and means committee chaired by Senator Juan Edgardo Angara on the first package of CTRP.
The bicameral conference committee tasked to reconcile the conflicting versions of the House and Senate versions of the Train began its meeting onDec. 1. It is expected to wrap up its final report this month.