Single-use plastics tax to generate P32B – DoF

THE imposition of higher excise taxes on single-use plastics is expected to generate some P31.52 billion over the next four years that will be earmarked for solid waste management programs, the Finance department said on Monday.

«It is the government's duty to raise awareness on the impact of non-recyclable plastics and the irreversible effects of climate change. I believe this is where strong policy intervention is needed,» Finance Secretary Ralph Recto said in a statement.

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