Karl Kendrick Chua Was appointed as Secretary of the National Economic and Development Authority, Presidential Spokesperson Harry Roque Supported on Thursday.
Prior to the appointment, Chua functioned as the agency’s Acting Secretary after the resignation of Ernesto Pernia.
“Together with the aforesaid traits we’re convinced that Sec. Chua would always and always perform well in his current but critical job of jumpstarting our economic recovery involving the COVID-19 pandemic,” it added.
Chua functioned as the chief economist of the Department of Finance because mid-2016 after leaving his post as a World Bank economist. He had been famous for lobbying the government’s tax reform plans in Congress, especially the Tax Reform for Acceleration and Inclusion law. The TRAIN Law reduced the personal income tax charges for many people but increased duties on petroleum, automobiles, and carbonated beverages.