Fuel prices and wealth tax to face parliamentary vote next Monday

The Finance and Budget Committee of the National People’s Assembly has finalized the supplementary report on the 2027 Draft Finance Law, ahead of Monday's plenary vote. Following the review of five amendments, the committee maintained its stance on Article 218 regarding fuel pricing, which requires parliamentary approval for any price adjustments, despite an effort to strike the article down entirely; the issue will now be decided by a vote of the deputies. Additionally, the committee rejected other proposed changes, including a push to double the wealth tax from 1% to 2% and an attempt to revoke the increased stamp duties applied to biometric passport renewals processed remotely for citizens living abroad.