Senator Benigno Aquino IV mentioned he couldn’t reconcile the federal government’s choice to reject about P13.9 billion in aid from the European Union whereas proposing to lift taxes to make sure higher income assortment.

“The administration’s refusal to receive aid seems like a contradictory move to its proposal to raise taxes. If we are refusing aid because we are self-sufficient, why are we then planning to burden our countrymen with more taxes that might raise prices of goods even higher?” the senator mentioned.

“We have to be clear on the direction of our foreign policy. Filipinos deserve to know because they are the ones who will be directly affected — in terms of job generation, business, prices of goods. The government must disclose details of this policy,” Aquino added.

Aquino mentioned it was ironic that the nation will let go of foreign aid whereas the administration’s tax reform package deal inch nearer to turning into a legislation after it was just lately handed by the methods and means committee within the House of Representative.

Bayan Muna party-list Rep. Carlos Zarate earlier warned that the Palace-backed tax reform package deal that seeks to decrease private revenue tax charges may also develop the value-added tax (VAT) base and regulate excise taxes on petroleum and vehicles.
“This bill will definitely hit the poor hard because it would mean higher prices of basic goods and services,” Zarate mentioned.

Once enacted, diesel which is P31 per liter now can be P34 per liter subsequent yr, P36 per liter in 2019 and P37 per liter in 2020. On the hand, LPG that retails for P541 now would improve to P574 subsequent yr and to P596 and P607 within the subsequent succeeding years.

For his half, Senator Francis Pangilinan mentioned the federal government ought to be sure to supply funding for ongoing initiatives.
“It is the prerogative of any state to refuse to accept help from its friends abroad, the international community. What government needs to do is to act swiftly and ensure that all existing and ongoing EU aid programs benefitting our people in the local communities do not suffer when the aid is pulled out,” he mentioned.

Executive Secretary Salvador Medialdea, in saying the federal government’s choice, mentioned the transfer goals to discourage the EU from interfering into the nation’s affairs.