The National Economic and Development Authority (NEDA) believes that shutting down Philippine Offshore Gaming Operators (POGOs) will benefit the country in the long run, despite the short-term economic losses.
The Senate Committee on Ways and Means earlier recommended banning POGOs permanently due to the rampant crimes associated with them. A report by the National Bureau of Investigation found that 58% of the 113 POGO-related cases recorded from November 2019 to March 2023 were linked to human trafficking.
Aside from human trafficking, there have also been cases of transnational crimes, fraud, and violence against women and children linked to POGOs.
NEDA Secretary Arsenio Balisacan said that while POGOs do contribute to the economy, the social costs are too high. He is confident that the exit of POGOs can be replaced by other revenues.
In 2022, the country’s tax collection from POGOs reached ₱8.88 billion, higher than the ₱3.91 billion from the previous year. However, this is a relatively small amount compared to the overall government budget.
According to the Philippine Amusement and Gaming Corporation, there are currently 32 registered POGOs as of July 2023. This is a huge decline from the 281 recorded in 2019.
Balisacan believes that shutting down POGOs will send a strong message that the Philippines is a country of law and order, which will make it more attractive to foreign investors. He also said that the government can focus on other industries that are more sustainable and generate more jobs.
Overall, NEDA believes that the benefits of shutting down POGOs outweigh the costs. The government is committed to supporting workers and businesses that will be affected by the closure of POGOs.
Source: PhilNews24 | September 22, 2023
