House to prioritize budget bill, proposals on excise taxMANILA, Philippines — The House of Representatives will be prioritizing passage of the government's P5.024-trillion 2022 national budget and proposals to cut fuel excise taxes when it resumes session on Monday, House Speaker Lord Allan Velasco said Sunday. Velasco in a statement issued Sunday morning said the House will tackle proposals seeking to either suspend or cut the excise taxes on petroleum products amid rising cost in fuel prices during the resumption. This also comes after Senate leadership ruled out the possibility of a reenacted budget in 2022, an assurance that Velasco said he welcomed. "We are glad that the Senate is on the same page as the House insofar as the national budget is concerned." "With such assurance from the Senate leadership, we do not see any major stumbling block in having a ratified and enacted 2022 national budget by December."

Source: Philippine Star November 08, 2021 02:23 UTC