Budget 2021: fiscal spending to reach $12.04 billion

In 2021, the government will allocate some 995.799 million pesos ($12.04 bn) to what is called Fiscal Expenditure. These are tax benefits contained in the promotional laws and schemes provided for in the budget, both of which represent 2.64% of GDP. It is an amount that the government misses out on due to advantages for some sectors of society.

Source: Ámbito