Estimation of regulatory compliance costs is a significant component of RIA as it provides key inputs in the assessment of regulatory options. Thus, the DAP, as part of its MGR Program, initiated the development of the Regulatory Cost Model (RCM). The model facilitates a systematic approach in estimating regulatory costs of compliance and helps Philippine regulatory agencies be more informed in their formulation of regulations.
As the Philippine government endeavors towards the streamlining of its processes, the publication of this guidance note seeks to enhance current efforts in formulating simpler, smarter, and better regulations that ultimately benefit the economy.
To get a free copy of this regulatory reform publication, visit https://mgr.dap.edu.ph/download