Top official admits high fuel taxes; should be ‘rationalized’

Economy minister Isidoro Santana on Tues. said he’s opposed to amending the Hydrocarbons Law (112-00), as some sectors demand and for whose purposes a meeting between the Government and bus and truck owners associations

The official said he’s “concerned” with the effort being made “at the margin of a major fiscal pact that guarantees the financial sustainability of the Government.”

“Until there are clear alternatives for fiscal financing, it is better not to touch that source of income,” Santana said in a statement.

He acknowledged however, that fuel taxes are high by standards in the Latin American region and that the country’s tax system “needs to be rationalized.”

Comments are closed.