CHIZ PREFERS NON-TAX REVENUE OPTIONS OVER NEW TAXES TO BOOST GOV’T. COFFERS
CHIZ PREFERS NON-TAX REVENUE OPTIONS OVER NEW TAXES TO BOOST GOV’T. COFFERS Senator Francis “Chiz” Escudero has maintained that the national government should consider non‑tax revenue options, including the bidding out of exploration and production agreements over the country’s indigenous coal resources. The veteran legislator made the statement as economic managers continue to study ways to strengthen revenue generation to sustain social protection programs, energy transition efforts, and long‑term fiscal stability. He said this approach on indigenous resources could help generate additional funds while supporting ongoing fiscal and development priorities. To date, several tax proposals remain under review as part of the government’s broader fiscal strategy. Among the measures being examined are adjustments to excise taxes on sweetened beverages and certain food products, the Motor Vehicle Road User’s Tax (MVRUT), and the proposed excise tax on single-use plastics (SUPs). Escudero has...
