The modified tariff rates on imported pork products and rice have resulted in foregone revenues for the government, but the Department of Finance (DOF) said the economic benefits far outweigh the costs. Peso Finance Undersecretary Antonette C. Tionko said the government is projected to lose P50.4 billion and P40.9 million ...

Source: Manila Bulletin (https://mb.com.ph/2021/08/19/govt-incurs-losses-from-rice-pork-imports-totaling-p50-44-billion/?utm_source=rss&utm_medium=rss&utm_campaign=govt-incurs-losses-from-rice-pork-imports-totaling-p50-44-billion)