MANILA, Philippines (Eagle News) — The Department of Finance (DOF) is eyeing the revival of the Pantawid Pasada Program for commuters and public utility vehicles.
This is to reduce the effect of the proposed excise tax on petroleum products if implemented.
According to Quezon Rep. Dakila Carlo Cua, the House committee on ways and means chair, the cash subsidy scheme will help cushion the impact of high fuel prices on public utility vehicles when implemented.
Other than the cash subsidy, the department also plans to help provide financing for jeepney operators so they can upgrade their units. It will also provide subsidies to commuters.
“Ang plano kasi ng DOF sa kanilang pag-present sa committee ay tatabunan nila ito ng cash transfers, subsidy sa pamasahe, pag-improve ng mass transport jeepneys at pag-upgrade ng mga jeep na gawin na Euro 4 yung kanilang mga makina,” Cua said.
“Ang nababanggit kasi dyan ay parang financing to upgrade [engines]. Parang ibibigay muna, aabonohan ng gobyerno or parang may counterpart yata na may portion na sasagutin ang ating operator pero hindi the whole amount,” he added.
Eagle News Service
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