Philippine Officials Defend Fuel Tax Policy, Subsidy Plan
Philippine economic managers are defending the government's decision to limit the suspension of fuel taxes and are discussing expanded fuel subsidy programs amidst rising prices. They assert that subsidy allocations are regular and not irregular.
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DOF defends Marcos decision to limit suspension of fuel taxes
MANILA, Philippines — The Department of Finance (DOF) on Tuesday defended President Ferdinand Marcos Jr.’s limited suspension of fuel taxes even after being granted broader powers last month to reduce or suspend the excise and value-added tax (VAT) on petroleum products. Marcos on Monday announced the suspension of the excise only on liquefied petroleum gas
By cbuban
Read full article →Economic managers defend non-suspension of fuel tax
Suspending the excise tax on diesel and gasoline is unlikely to provide meaningful respite as it would mostly benefit the rich, economic managers said, as they vowed to continue providing targeted relief to sectors reeling from the impact of the Middle East conflict.
By Alexis Romero
Read full article →Coverage Timeline
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