The BSP announced on Wednesday that the government requested the new loan, which would be settled on or before Dec. 29 this year at zero interest.
"However, just like in other countries, the ongoing pandemic has required what we can call a whole of government effort in order to fight the impact of the pandemic on the economy," Dakila said. According to Bayanihan 2, the central bank cannot lend the government more than 10 percent of the government's average income from 2017 to 2019. The loans are also supposed to be paid within 1 year.
Paktay na! Imbes ang gobyerno magpautang sa tao, baliktad yata!
tonyocruz This country is being robbed in broad daylight.
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