During the Chat with SBED last Friday, Aug. 4, Finance Secretary Benjamin E. Diokno said a meeting will be held in September to assess the necessity of extending Executive Order No. 10 issued by President Marcos in December 2022.
Finance Undersecretary Zeno Ronald R. Abenoja also said the Inter-Agency Committee on Inflation and Market Outlook has broadened its review scope beyond the four commodities included in EO 10. Abenoja referred to the IAC-IMO's action as a"comprehensive review" that encompasses both food and non-food factors contributing to inflation.
The IAC-IMO serves as an advisory body to President Ferdinand R. Marcos Jr.’s Economic Development Group .
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