Duterte approves P200 monthly subsidy for poor households amid fuel price hikes

MANILA, Philippines – In lieu of suspending excise tax amid rising fuel prices, President Rodrigo Duterte has approved the proposal of the Department of Finance to provide a monthly subsidy of P200 per household for poor families.

During a press briefing on the same day, Presidential Spokesperson Martin Andanar confirmed that this meant Duterte approved the proposal.Kung kailan po ito maibibigay, hintayin muna natin lumabas ang guidelines po ng Department of Budget and ManagementDominguez said that if the government suspends fuel excise taxes, the total government revenue in 2022 will be reduced by P105.9 billion. He said this was equal to 0.5% of the GDP.

If excise tax is suspended, the cost of fuel would be reduced by P10, but Dominguez said that the top 10% of income earners consume almost 50% of all the fuel.

Wow! 200 per month. Napakalaking tulong po. /s

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