Go justifies limited tax suspension, says move was ‘balanced’

MANILA, Philippines – Finance Secretary Frederick Go justified the Marcos administration’s decision to avoid a blanket suspension of fuel excise taxes, saying the move was “balanced and fiscally responsible.” In a statement on Tuesday, Go said the Development Budget Coordination Committee (DBCC) recommended limiting the tax suspension to kerosene and liquefied petroleum gas (LPG), citing their heavy use among low-income households. READ: marcos-suspends-tax-only-on-lpg-kerosene He said the targeted approach prioritizes household energy needs, even as the DBCC concluded that suspending excise taxes on diesel and gasoline would have limited impact on pump prices. “On the other hand, the DBCC has determined […]... Keep on reading: Go justifies limited tax suspension, says move was ‘balanced’

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