172
-
Table 2.
Tax effort, EY 1970-73 (in million pesos)
(page 26 of the report)
1970
1971
1972
1973
Total receipts from taxation' Contribution to SSS✶
Contribution to GSIS
3 922.8 .157.5 175.8
5 226.1 188.3 200.0
5 791.7
7 909.7
210.7
336.9
221.4
239.6
Contribution to Medicare
Net profit of govt. corporations
Total government receipts
Gross national product
71.0
126.0
235.7
(39.5)
12.8
24.5
4 491.8
5 574.9
6 307.6
8 637.3
37 614.0
Per cent of total govt. receipts to GNP
11.9%
45 369.0
12.3%
55 790.0
64 608.0
13.4%
Sources:
Includes the collections on motor vehicle fees and licences, property tax and all local government taxes, fees and licences.
11.7%
real
Budget Commission, GAO reports on national and local governments, Board of Transportation, GSIS and SSS annual reports and NEDA.
*NOTE:
Percentage of contribution to SSS to -
(a) total government receipts:
3.51%
3.38%
3.34%
3.90%
(b)
GNP
0.42%
0.42%
0.38%
0.52%
Table 8. Holders of domestic government securities, FY 1970-73
(in million pesos)
(page 32 of the report)
1970
1971
1972
TOTAL:
1. Banking system
3 830.11
2_502.0
4_019.51
2 647.9
4 698.61
2 951.0
1973
10_207.3
7_016.6
Central Bank of the Philippines Philippine National Bank
1 776.32
1 802.72
2 125.52
2 689.7
241.1
204.5
Private banks
484.6
640.7
139.8 685.7
1 246.9
3 080.0
2.
Public non-bank investors
836.1
814.1
1.009.3
2 267.6
Trust funds
599.5
693.8
GSIS
72.7
DBP
SSS
5.5 94.3
8.3 5.5
809.5 68.5 112.0
902.1
1 365.5
105.2
13.8
Local government and other
government entities
64.
1
1.3
5.5
3.
Private non-bank investors
52.7
71.9
96.4
Insurance companies
Private entities
Individuals
5.7
26.5
51.2
923.1
29.6
29.7
28.9
17.4
15.7
16.3
4.
Various
439.3
485.6
641.9
Excludes CBCI.
2 Includes RP external loan bonds.
Central Bank of the Philippines.
Percentage of SSS holdings to total domestic government securities:
Source:
NOTE:
1970
1971
1972
2.46%
2.62%
0.3%