English: "By removing the VAT on electricity, we aim to provide immediate relief to Filipino households and ease financial pressures on businesses, particularly micro, small, and medium enterprises (MSMEs) that are still recovering from the economic impacts of the COVID-19 pandemic and inflationary pressures," he explained.
Filipino: "By removing the VAT on electricity, we aim to provide immediate relief to Filipino households and ease financial pressures on businesses, particularly micro, small, and medium enterprises (MSMEs) that are still recovering from the economic impacts of the COVID-19 pandemic and inflationary pressures," paliwanag niya.