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Govt loses P2.53B from lower pork, rice tariff rates | The Manila Times

Govt loses P2.53B from lower pork, rice tariff rates

THE national government lost a total of P2.53 billion in revenue when it cut tariff rates on pork and rice imports in May, an official of the Department of Finance said on Thursday. In an interview, Finance Undersecretary Antonette Tionko said Executive Order (EO) 134, which reduced tariffs for imported pork products, resulted in P2.52 billion revenue loss for the government.