NEDA chief does not favor universal subsidies, removal of VAT to fight inflation

October 20, 2022 - 9:29 AM
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Arsenio Balisacan
Arsenio Balisacan is the economic and planning secretary. (Interaksyon artwork)

 The Philippines’ Economic Planning Secretary Arsenio Balisacan said he does not favor universal subsidies and removal of value-added taxes for certain commodities to combat inflation.

Speaking at a business forum, Balisacan reiterated the government was committed to addressing inflation, which is hovering at four-year highs.

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Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor