Amid rising fuel prices, President Ferdinand R. Marcos Jr. wants concerned government agencies to fast track the release of fuel subsidies for public utility vehicle drivers and operators, according to the Department of Budget and Management .
At a news briefing in Malacañang on Tuesday, DBM Secretary Amenah F. Pangandaman said the Chief Executive wants the immediate utilization of the P3-billion fuel subsidy. “The funding is available. It’s just in the General Appropriations Act, the LTFRB is required to come out with the Joint Memorandum Circular…We cannot release [the fuel subsidy] without that,” Pangandaman said.“Their JMC will not require much amendment. I think they can use the previous [fuel subsidy] JMC and then sign it and submit it to us then we will release the budget,” the DBM chief said referring to the fuel subsidy JMC last year.
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