I’m quite surprised not more people are alarmed by this.
Former budget secretary Ben Diokno, before he was appointed Bangko Sentral governor, had promised that the budget deficit during Duterte’s term would never exceed 3%. Some important public projects were indeed put off early in 2019 due to the midterm elections and the delayed passage of the national budget in Congress.
In the same manner, when government runs a deficit it needs to borrow money to finance its expenses, and that contributes to the nation’s debt.
Not really a fan of JC's analysis. Considering the goose-bump-inducing 'PhD candidate' advert. Last quarter's deficit was huge but it was all due to catch-up spending. Debt-to-GDP is STILL manageable. And NO debt watcher sounded the alarms. Oh btw, we recently got an upgrade.
e corrupt e.. asa pang ma manage ng maayos ang budget OustDuterte2020
Dotardte doesn’t believe in figures, he only believes in himself.
약물에 의한 부패가 가족에게 일어 나면 의료와 법은 순수하게 작동하지 않는다.
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