Tariff Cut To Dent Fiscal Results

June 2006
Asia Monitor: South East Asia Monitor Volume 2;Jun2006, Vol. 17 Issue 6, p1
Country Report
Country Report
The article reports on the plan of the Republic of the Philippines to reduce import tariffs on fuel to protect consumers from high oil prices. Cabinet members have already approved a cut in import tariffs on oil products to one percent which could eventually lead to an estimate of 12 billion pesos in forgone revenues. The tariff cut is expected to have an impact on the 2006 fiscal results.


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