THE implementation of the first package of tax reform boosted consumer demand, which resulted in increased sales of retail firms and fast food chains, an official of the Department of Finance (DoF) said.

“The significant growth in sales reported by retail establishments and restaurants point to the fact that people now have more money to spend as a result of the hefty PIT cuts under Train, which is now benefiting 99 percent of our taxpayers,” Finance Assistant Secretary Antonio Lambino said in a statement released on Wednesday.