SBS Filipino

President-elect Marcos Jr's economic team preparing next steps

SBS Filipino

Filipino news, Marcos, Duterte, Philippines, Philippine economy

President elect Marcos says like the Duterte administration, he has no plans of scrapping excise tax in petroleum products


Published 24 June 2022 at 2:48pm
By Shirley Escalante
Source: SBS

President-elect Marcos Jr's economic team is looking into the next steps that will protect the country from a looming food crisis and the effects of the continued oil price increase.


Published 24 June 2022 at 2:48pm
By Shirley Escalante
Source: SBS


Highlights
  • Marcos administration is not interested in removing excise tax on petroleum products.
  • Incoming VP and DepEd Secretary will be re-assessing the country's K-12 program.
  • President-elect Marcos is continuously selecting individuals who will serve under his Cabinet for the next 6 years.
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Among the first steps to be considered is extending support and assistance to sectors heavily affected by the oil price increase

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