Press Release / National Issues

On 5.7% inflation rate in July

 





Controlling inflation must be the priority agenda of the economic managers. They must explore all possible actions in making sure that prices of commodities are manageable.


 
Ang tanong ko sa ating mga economic managers, hanggang kailan dapat maghigpit ng sinturon si Juan bago kayo umaksyon para tugunan ang problema ng pagtaas ng presyo ng mga bilihin? 


 
We therefore urge the government to provide a comprehensive policy direction with all concerned government agencies and of course Congress on how to mitigate inflation.


 
In the Senate, we are about to co-author Senate Bill No. 1476 which will liberalize the importation of rice in the country and provide consumers greater access to cheaper rice products. 
 
We are also proposing to lower the VAT to 10 percent. 

We urge the government to support and fast-track the social mitigating measures that will cushion the impact of TRAIN to the vulnerable.