IBON Foundation
The economy is weak because the economy is weak | The Manila Times
October 18, 2022
PH fight vs inequality measured, found wanting | Inquirer
October 18, 2022
Trade gap widens 81% to $6B in August–PSA | BusinessMirror
October 18, 2022
Falling real wages, more expensive food
October 14, 2022
Despite a recent wage hike, real wages for many Filipinos are declining amid high food prices.
The family living wage (as of September 2022)
October 14, 2022
The recent oil price hike contributes to the soaring prices of basic goods and services. Filipino workers are having a hard time keeping up even with a minimum wage hike in June. In the National Capital Region, the minimum wage is barely half (51%) of the Php1,119 estimated family living wage needed by a family […]
Tax billionaire wealth to raise revenues
October 11, 2022
Government refuses to cut oil taxes because of revenue losses. Taxing the super-rich however will help raise revenues—a wealth tax on 2,945 billionaires can contribute Php469 billion to government coffers. This is even bigger than the Php197.3-billion revenue collected from TRAIN’s oil excise tax in 2019-2020 which disproportionately burdened the poor.
Cutting oil taxes will help control inflation
October 11, 2022
Oil product prices will be lower without oil excise taxes and the 12% VAT. The latest oil price hikes increase the price of gas to as high as Php79.52/liter and of diesel to as high as Php85.79. The oil excise tax and VAT amounts to Php19.54 and Php16.29 for gas and diesel, respectively.
