- An economist noted that a government's budget gap is leading to price increases, linking fiscal policy to inflation.
- Inflation is causing economic strain by acting as a regressive tax on low-income households, while potential wage hikes could fuel future price increases.
- The Government of the Philippines is considering tax hikes on vice products like sugary drinks and alcohol, which may dampen consumption growth.
The Department of Health and Social Care backed higher sweetened beverage taxes, citing rising obesity prevalence among Filipinos.
1 report, 1 independent
Updated Sep 14
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What happened
The Department of Health and Social Care backed higher sweetened beverage taxes, citing rising obesity prevalence among Filipinos.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Department of Health and Social Care
United Kingdom government ministerial department
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National Nutrition Council
agency of the Philippine government under the Department of Health
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