Analysis of expected tax expenditure on natural gas shows a declining trend as a percentage of GDP from 2024 to 2028, with year-on-year decreases suggesting a continued reduction in fiscal support for this sector. Expenditure declined from 0.016% in 2024 to an anticipated 0.006% in 2028. This represents noteworthy shrinkage, highlighting possible shifts in energy policy and resource allocation.
Future trends to watch for include:
- Government policy changes affecting natural gas taxation.
- Evolving market demands for natural gas versus renewable energies.
- Impact of global energy prices on domestic investment and expenditure.
