Rrogancia Said The National Government Expects Php346 9 Billion In Revenues From Various Excise Taxes For 2022 Of That Total News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA-A lawmaker on Friday recommended reallocating some amount in the budget to finance the proposed transportation cash subsidy or "Transpo Ayuda" to public utility vehicle drivers, as well as those in the farming and fisheries sectors that were severely hit by the oil price surge. Davao City Rep. Isidro Ungab said the government should study the possibility of setting aside some projects and reallocating a portion of the budget to be used as subsidies or some form of direct assistance to help mitigate the impact of the continued oil price hikes. "We acknowledge that everyone is feeling the brunt of these oil price hikes, but the ones suffering the most are those in the transport, farming, and fisheries sectors," Ungab said in a statement. Ungab's proposal is in consonance with President-elect Ferdinand "Bongbong" Marcos Jr.'s plan to focus on helping those most affected by the hikes by giving financial aid instead of suspending oil excise tax.

Davao cityFerdinand bongbong marcos jrTranspo ayudaIsidro ungabReynan arroganciaPresident elect ferdinandManilaa lawmaker on friday recommended reallocating some amount in the budget to finance proposed transportation cash subsidy or quot transpo ayuda public utility vehicle driversS well as those in the farming and fisheries sectors that were severely hit by oil price surge davao city rep isidro ungab said government should study possibility of setting aside some projects reallocatinga portion budget to be used subsidies or form direct assistance help mitigate impact continued hikes quot we acknowledge everyone is feeling brunt theseUt the ones suffering most are those in transportNd fisheries sectorsUot ungab said ina statement 39s proposal is in consonance with president elect ferdinand quot bongbong marcos jr plan to focus on helping those most affected by the hikes giving financial aid instead of suspending oil excise tax quoti agree bbm directive finding viable solution this distress our kababayans are experiencing nowNd at the same timeHe government must ensure that this will not be to the detriment of our country 39s economic stabilityUot he said meanwhileNgab cautioned against oil excise tax suspensionRguing that the government might be losinga huge amount of funding