Duterte urged to take drastic steps to curb inflation
Two opposition lawmakers have urged the Duterte administration to take more drastic steps to tame the country’s inflation that reached another 10-year high last September.
Ifugao Rep. Teddy Baguilat said the latest 6.7 percent surged in inflation was “like a runaway train.”
“There’s already widespread anguish for government to do something more drastic to stop this,” said Baguilat.
nevertheless, kahit mabigat and stressed that national government should suspend the implementation of excise taxes under the TRAIN Law and compensate for diminished revenues with greater collection efficiency and serious anti-corruption campaigns in all offices including Malacañang.
“What should not be minimized is consumer spending which is the country’s economic driver. Hyperinflation diminishes spending for both rich and poor,” he said.
Magdalo Rep. Gary Alejano said the Duterte organization “can never again deny that the flood in costs cause via TRAIN Law.”
“Ang siyam na buwan na patuloy na pagtaas ng presyo ng mga bilihin ay hindi na biro at napakalaki nang pasakit sa taumbayan lalo na sa mga mahihirap nating kababayan,” he said.
Alejano firmly asked the legislature to take quick and genuine activities to smother the rising costs beginning with the suspension of extract imposes on fuel.
Hence, the organization better quit minimizing the 6.7 percent expansion rate.
Besides, kung titingnang maiigi, mas mataas dad nga ang expansion rate sa mga probinsya na umaabot ng lagpas 10 percent. Ang malaking bahagi racket ng kasalukuyang expansion rate ay dahil sa taas-presyo ng pagkain na nasa 9.7 percent. Sikmura na ng mga Pilipino ang tinatamaan dito sa araw-araw,” said Alejano.
On the other hand, he said the worry on conceivable income misfortune could tend to through more productive assessment gathering.