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DBM warns of impact of suspending fuel excise taxes on government services
The Department of Budget and Management (DBM) has rejected proposals to suspend fuel excise taxes, citing potential negative impacts on social services.
DBM officer-in-charge Tina Rose Canda stated that suspending these taxes would negatively affect funding for education, particularly the K-12 program.
The Department of Health's (DOH) budget for health facilities and assistance programs for individuals in crisis would also be impacted.
Furthermore, the Department of Social Welfare and Development (DSWD) would see its assistance for regions in crisis situations reduced.
While acknowledging the potential benefits for the transportation and agriculture sectors, Canda emphasized that these would come at the expense of essential social services.
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The Philippines stands to lose P117 billion in revenue if fuel excise taxes are suspended, according to the Department of Budget and Management (DBM).
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Senate Minority Leader Franklin Drilon reminded the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) that they have the authority to suspend the collection of fuel excise taxes under the TRAIN Law.
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