Amid the continuing increase of prices of fuel products, President-elect Ferdinand 'Bongbong' Marcos Jr. said Monday he prefers to provide assistance to the affected sectors instead of suspending the excise tax on oil.
Amid the continuing increase of prices of fuel products, President-elect Ferdinand "Bongbong" Marcos Jr. said Monday he prefers to provide assistance to the affected sectors instead of suspending the excise tax on oil.
"I prefer to handle on the other hand of the equation and provide assistance to those who are in need. If you reduce excise taxes that does not necessarily help those who are most in need 'yung talagang tinatamaan kasi blanket e. So ang aking iniisip, kung sino ang talagang tinatamaan, example 'yung lumabas kaagad 'yung transport, 'yung nagpapasada, all of that, 'yung tinamaan kaagad i-focus muna natin on that," he said.
Further, Marcos mentioned that for ensuring the speedy distribution of assistance, there is a need to "digitize the bureaucracy" and hasten the processing and issuance of the National ID. "All of these things, the giving of ayuda, all of these things if we're trying to digitize the bureaucracy, it all really depends on everyone having their National ID," Marcos added.should the weekly increases continue due to a mix of factors, according to the Department of Energy .
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