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PIA Press Release
2008/07/23

EVAT saves nation, Davao Norte guv says

by Jean D. Abangan

Davao City (23 July) -- "Expanded Value-Added Tax (EVAT) saves our nation."

That's the way Davao del Norte Governor Rodolfo P. del Rosario is looking at it, taking note how funds from EVAT are being used to provide quick relief assistance to the poor sector which heavily bear the brunt of today's economic woes.

"I cannot imagine where our nation would be without the EVAT," he said in an interview with the media during the People's Day, Monday.

He considers EVAT as an unpopular decision of the President but its benefits have brought forth relief for the poor.

"Through EVAT, the President is giving subsidies: P500 subsidy for electricity, subsidy for fertilizers," he said.

He looks at EVAT as the one giving the government the needed money to help sectors which have suffered the most from the blow of unprecedented fuel and food prices.

"Our country (the government) has money but unfortunately the people don't have," he said.

In her address at the Philippine International Convention Center (PICC), President Gloria Macapagal-Arroyo said her decision not to lift the expanded value added tax (VAT) on oil imports was the right thing to do.

If VAT on oil and power is lifted, how do we replace more than P70 billion in revenues, mostly used to fund projects for the poor?" she said.

The President made the statement in response to the calls of her critics for the suspension of the implementation of the VAT, and the scrapping of the oil deregulation law as a means to soften the impact on the people of skyrocketing oil prices.

On the other hand, high prices of fuel, consequently affecting food prices are beyond anyone's control and not the making of the President, Del Rosario explained.

"This is a global problem," he said. "(But) People are looking for someone to blame," he added.

"She is doing her best. I hope we could be fair with her. I have never seen a President working that hard. Unfortunately her best is not the best enough," he said. (PIA DavComval) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Davao City female jail is "Best Female Dormitory"
»Gov't adopts measures to avoid rice supply disruption
»PGMA on track with cheap medicine target
»EVAT saves nation, Davao Norte guv says
»BFAD urged to probe drug supplements claiming cure for diabetes
»Kadayawan Festival a boon to business establishments
»Magsaysay Maritime Corporation in need of 3000 seafarers
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»DPWH heeds PGMA directive; fixes 28 of 35 Frank-damaged bridges in Panay Island
»PGMA supports postponement of ARMM elections
|«  prev  next  »|

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