Philippines ready to increase debt levels vs coronavirus

Covıd 19ph, Sonny Dominguez, Department Of Finance, Novel Coronavirus, Coronavirus, Covıd-19, Coronavirus Philippine Updates

The Duterte administration is seeking a $1-billion loan on top of the massive budget realignments to combat the pandemic

Covıd 19ph, Sonny Dominguez

26.3.2020

The Duterte administration is seeking a $1-billion loan on top of the massive budget realignments to combat the pandemic. COVID19PH

The Duterte administration is seeking a $1-billion loan on top of the massive budget realignments to combat the pandemic

Published 2:40 PM, March 26, 2020 Updated 2:40 PM, March 26, 2020 ECONOMY. President Rodrigo Duterte with Finance Secretary Carlos Dominguez III. Malacañang file photo MANILA, Philippines – Finance Secretary Carlos Dominguez III is prepared to raise the Philippines' debt ceiling to fund efforts against the coronavirus pandemic . Dominguez was asked in a Bloomberg interview if the government is considering raising the budget deficit to as high as 5.4%. "We are prepared to increase our debt levels," Dominguez said, noting that the debt levels depend on how long the Luzon-wide lockdown will drag on. The finance chief said the budget deficit could increase to around 3.6%, higher than the programmed 3.2% of the gross domestic product (GDP) or around P667.6 billion. The government debt is likely to exceed 41% of GDP in 2020. The country's economic managers initially intended to bring down the debt-to-GDP ratio to 39% by 2022. With this, Dominguez said the government's dreams of getting an A rating from credit watchers by 2022 has been set aside in favor of people's needs. Getting the highest credit rating means that the government is able to prove to lenders that it can pay up, which in turn translates to lower interest rates. The Duterte administration is seeking a Read more: Rappler

Bka nagkakabulsahan na nanaman...Bayan muna bago sarili 🙏 Ano ang gagawin sa pera kung walang plano? IBUBULSA. Philippines has money period KatarHol5 YAN ANG MAHIRAP SA ADMINISTRATION MO. PINA YAMAN MO SILA LAHAT PARA MAGING YES SIR SA IYO. NGAYON IBOS ANG OWRA SA MGA CORRUPTION NIYO. Dati pa naman kahit ibang administration, how much more ngayong me crisis

ANOTHER LOAN FOR POCKETING,why PPE,MASK,DISINFECTANT ARE SO SCARCE,WHY DO FRONTLINERS SUCCUMB WHILE TRYING TO SAVE LIVES,?THERE ARE THOUSANDS OF QUESTIONS WAITING FOR ANSWER THAT SEEMS NEVER TO COME And guess which institution this govimint intends to file the loan! The Chine-led Asian Infrastructure Investment Bank (AIIB), an IMF-WB counterpart.

Covid19 plan - in the air. Copit20 plan - on going. Nasan na kinita sa POGO? Papatayin nyo naman kami sa pagbabayad utang! Tiba tiba mga kaban ng mga honest politicians. Magpaparty na kayo sa Malacanang ngayon na pls.

PH coronavirus cases now at 552The Department of Health on Tuesday, March 24, confirmed 90 new cases of the coronavirus, bringing the total number of cases in the Philippines to 552. COVID19PH

Nauna ang bulsa eh! Utang pa more. LovedMess ?....lol Saan na yung sinabi ni nograles na “the government has enough funds?” Hanggang funds lang? Wala na ba budget ang gobyerno? Magppatayo den b sila ng bagong hospital para s mga covid patients more test areas for mass testing? provide PPEs for our frontliners? And food for those na wala ng makain? Or hanggang plano lan sila. Ay wala nga pala sila plan aside s mangutang. More money for them!

What?¿? Jesuprime1 IMHO. buti na lang, nang mangyari ito sa mundo ay hindi si noy at mar ang nakaupo. Thank God They will borrow money from Chinese government, interest would be too high and then give up the West Philippines Sea as a form of payment

LIVE UPDATES: COVID-19 pandemicREAD: Manila International Container Port will be temporarily closed for disinfection after an employee tested positive for COVID-19 . Cargo transactions will be processed at the Port of Manila and online facilities of the Bureau of Customs

Oh dear china na naman? Utang ina nyo... uutang na naman mga putang ina. Ginagamit ang sakuna, trahedya at Pilipinas para makapagbudol ng pera sa China. May plano atang mag gudbye Philippines. We keep on trying to get more money but are you even using the money to buy PPEs, Masks, Test kits, proper funding for hospitals, for nurses and doctors? Or are we just gonna keep on repeating that BS excuse na 'May pera tayo, ang problema lang ang supplies walang mabili'

didn’t we heared him last time saying ‘may pera tayo’ and now this? Paki sangla muna yung kaldero ni cayetano sa cebuana. Sige!!! 'Utang na ninyo' uli !!!! There’s a catch here. World Bank wil not award a loan 2 d Philippines. Thus, giving China d chance 2 present itself as d hero of ths scenario. S kanila manghihiram ang hinayupak n Du👹Pweh-rte! Voila! Kukupitin n nmn ng mga sakim ng administrasyon! Magka veerus sana kayo lahat!

3weeks ago, sabi nila may enough budget ang mga different departments. PGH and Lung Ctr was asking for donations. D nila binigyan. What the F happened to the budget? Now mangungutang na nmn? This administration is making this disaster a milking cow!! 🔱🔥👹🔥🔱 WHAT HAPPENED TO THE BUDGET RE-ALLOCATION VIA EMERGENCY POWERS? WHY NEED TO LOAN, WALA NGANG NANGYAYARI SA EXISTING BUDGET! PINAGHATIAN NYO NA NAMAN BA? senatePH CongressPH RRD_Davao

LIVE UPDATES: COVID-19 pandemicJUST IN: Senator Bong Go to undergo self-quarantine after recent interaction with ACT-CIS party-list Rep. Eric Yap, who tested positive for COVID-19 . | TriciahTerada Follow our live blog for more updates: Ayan, pati police, nagpapositive na sinabak ng walang PPE... Lol

Pag sa utang..ang galing..di naman yan buo mapupunta sa mamamyan! Madami na naman makukupit ang Team Copit 19! 😢😢😢 mas malaki pa ambag ng private sector at ng mga oligarchs na ayaw na ayaw ninyo kaya ilabas na ang intelligence fund dont tell me gusto nyo pa dumekwat sa kabila ng krisis dipa nagagastos ang intelligence fund asan na?

Utang na naman! Saan na pera ng POGO na sabi mo kailangan mo para dito sa covid? Aray ko po May COA Audit ba ung mga kaparehan mnya? Tangina Akala ko ba may pondo tayo? Kaya pala dito sa Albay yung pinapamigay e 3kilong bigas per household. Kung madami kayo sa bahay lets say mga 8 yung 3 kilo pang 1 araw lang ata. Maawa naman kayo sa mahihirap!

LIVE UPDATES: COVID-19 pandemicJUST IN: Cebu province to be placed under enhanced community quarantine starting Friday, March 27 at 12:01am to prevent spread of coronavirus Follow our live blog for more updates: mikamngbt ingat po!!

Loan? Wala n kaung pera? WTF! 😡 Duterte 2016. What happened, Philippines? Halalan2022 Parang ang laki na ng perang hawak ng duterte admin tapos ngayon mangungutang na naman ng sobrang laki pero wala naman nakikitang ginagawa sa crisis na to. Ano ba, nagpapayaman ba kayo lalo at ginagamit niyo lang ang crisis na ito?

🙄 Seryoso ba? Eh kakautang lang din ng $100M from World Bank for COVID-19. I want to support the govt and defeat this pandemic pero so far wala pang visible na pinaggagamitan ng pera. Mga PPE puro donations nga e. Ubos na ba ang confidential funds? The DDS yellow-chinese mafia want to make sure that they will win the 2022 elections to perpetuate complete control of the Philippine government solidly for their own self interests.

Utang na naman!!! 🤬 Meanwhile, private citizens provide the needed PPEs and frontliners’ needs, give to food drives, donate to other related initiatives. When loan is granted, SWS surveys will show excellent ratings, trolls will abound and D30 minions will shop and party.

Cebu Bankers Club pushes for shorter banking hoursCEBU CITY, Philippines — Because of the concern over the increasing number of patients declared positive of the coronavirus disease 2019 ( COVID-19 ), and the huge drop in the number of transactions,

Naku yang utang nA yan ibubulsa lang yan! Nasaan ang bilyong pisong pinagyabang nina RRD_Davao, SAPBongGo & attysalpanelo? Bakit mangu-ngutang ng bilyon dolyar? Hey DOJPH can u loook at this another SCAM? 😈 Utang na nman, payaman kayo ng payaman ahh. Marami na kayong inuitang pero wala pa kayong testing kits!!!!

Ang daming niloloan nasaan ang comprehensive plan? How about the mother f’n Malacañang intel funds, why not use those? Yung mga isisilang 10 years from now, paglabas may utang na agad.... Kawawang pilipino... ano namamang kagaguhan to? eto na naman tayo, ano po ba talagang position natin dito? on top pa talaga 😩

So peperahin lang po ba talaga yung crisis na to? Walang plano puro pagkakamal lang ng pondo. So mamatay na lang ata lahat tayo. 😤

DOH-7: Not all hospital deaths are due to COVID-19CEBU CITY, Philippines — The continuing increase of coronavirus disease 2019 ( COVID-19 ) cases in the country does not necessarily mean that all deaths reported in hospitals are caused by the 🤐🤐🤐 Because no positive test result for covid has been confirmed yet. 🤪 Wala pa kay wala pa naabot ang results fr RITM. Ataya! We know what's happening to the world and that is not mean that we're excempted!

Singilin nyo na lang kaya ang POGO 50-billion utang sa tax = $1-billion SABI NYO MAY BUDGET?!?!!?!!? SHUTA. NAGKA EMERGENCY POWERS NA AT LAHAT, YAN NA YON!?!?!?!!? Utang nang utang, puro na lang utang! Akala ko ba maraming pera ang gobyerno ni DuterteVirus? utang manen! show us what you did with the first budget then what you're planning to do on this second budget in detail then we can talk... after all it's still the people who will be paying these debts. while ya'll sit there and point fingers tryn to find who hid the rest of the millions 😤

Gamitin nyo muna intel fund!!!!!! Sabik n sabik ang mga kurakot!! Mga hayop kayo!! Yan approved pa more ng emergency power!! Baka gigising na lang tayo na state na tayo ng China. Dami niyong pera, may inilabas na ba kayo para sa krisis na ito? Prepping for election budget? Baka di lang tig 500 ang bigayan nito.

'Di pa sapat ang kabuuang budget ng bansa na napunta para sa ncov? Puta ka. Utang pa more🙄grabe tlaga, gigising ka lng para mangutang😡 niyayabang nyo na maraming pera gobyerno nasaan na? bakit di muna gastusin saka umutang kung kulang pa! ipakita nyo naman kung paano nyo gagamitin special powers na binigay sa inyo gumalaw na kayo at huwag puro sarili nyo lang kpaknan inuuna nyo dami na nammtay mga lintik kayo!

yung totoo Kung nag lock down na dati agad... at hindi inuna ang abscbn at si kobe... hindi kami mawawalang ng trabaho,maiiwasan pag lala ng covid,maiiwasan ang madaming namatay na doktor at hindi kau mangungutang na kami din mag babayad. Where is all our money going? Loans drawn, massive INTEL Funds plus HIS favorite...

Haaii I akala ko ba sabi nya na walang ka abog abog na madami tayong pera.. Asan na! Sabi nya 24 lang yung una.. Sabi nya wag mag alala.. Anu nangyare? Wala pa atang nilalabas na pera pero uutang agad? Di kailangan umutang! Reallocation lang! Pag umutang kayo sigurado may kick back din kayo!!!!

Tangna! Ibabapn tayo ng animal na ito sa utang! Tas ayaw naman bumili ng test kits Kualang pa ang laman ng bulsa! MassTestingNgayonNa !!! 10B tinapyas mo sa budget for health, nasaan na? Yung intelligence funds mo, para saan ba talaga? Akala ko ba may pera? Recently kase abot ang pamumod mo ng pera sa mga tropa mo eh.

After covid, after Duterte, itong bilyong dollar na utang nanaman ang papatay sa ating nga Pilipino. 2 days since he signed the law, yet we hear no concrete plans how to implement the 275B peso budget and now uutang nanaman Sabi nyo may pera ang gobyerno? Nakakagago na po you (duterte) said we have money, then why loan?

Patay na kayo hindi pa din bayad yan mga utang na yan! Special powers para sa mangutang ng mangutang? Akala ko ba madaming pera?! OUSTDUTERTENOW KokoResignNow NOtoVIPTesting Wala ng pera, naibulsa ng lahat kaya nangungutang na naku payday nanaman mga corrupt 😥 porsyento

sana DDShit magbabayad nyan kaso damay lahat. KURAKOT PA MORE di pa nga natin nababayaran yung mga previous utang, eto na naman tayo uutang. Kawawa naman ang younger generation na magbabayad nito. Yan ang reason for the special power. Para makapangutang na naman! Loan nanaman?!!!!!!!!!!!!!!! AKALA KO MAY PERA TAYO PARA SA CORONA SO NAG SISINUNGALING KAYO?

Brace yourselves for higher taxes. It will be all on us. If kaya pa ng budget natin sa kong anong meron tayo ngayon yan na muna please. This right here is the Chinese debt trap. Kawawa ang next admin. a nation running on deficit over deficit over deficit. and they call it manageable. hayyyy Baka gawing excuse lang itong pandemic para makapangurakot pa more

Wala pang ginagastos uutang na? Naubos na ba ang billion na budget?

Lagas ang kaban ng bansa Pilipinas yan na nga ba ang cnasabi e'. Ano kino combat nyo Wala pa nga kayo ginagawa utang na naman Utang kaagad e parang wala pang kilos ang gobyerno? Utang lang nang utang. Di naman magbabago buhay nila pagkatapos ng termino nila. Taongbayan magbabayad niyan! Sometimes I just pretend I didnt read all the sh*t that politicans are doing nowadays. 🙄😒

Hmm 🤔 may kikita... rondreidrei boi sabi sa inyo wag kayo maniniwala saan mangungutang? sa china? kung sa china, lahat mag aral na ng mandarin. 😢 this is what I was talking about, para maka loan a country needed to 'have' significant cases of Covid-19 positives. Alam na. They are always after the money

Utang ng utang. Akala ko ba merong budget? 😤 Tapos wala namang maayos na plano tong gobyerno kung saan nila gagastusin ang budget at uutangin nila tangina naman Wag nyo gamitin ang mahihirap at ang virus sa sarili nyong kapakanan Utang na Loob. Diba kaka-aaprove lang din ng 100 million loan? Huy, wala pang plano, may budget na?

Aanhin ang pera kung walang plano? Ibubulsa! HELLO, GAMITIN MUNA PERA NG GOBYERNO BEFORE UMUTANG. KAIRITA KAYO AH. TAPOS KUKURAKUTING NIYO LANG. Utang again? Asan ung sinasabi nyong may budget? Nsa bulsa na? Dear Lord kindly refrain us from this virus and all the selfish and corrupt government officials of this country some of our medical staffs and frontliners have already suffering some are already death kindly give us the one who will guide us to the right path to prevent this

Utahn nanaman eh wala namang ginagastusan?! Utang na naman? Nasaan mga lumpsum niyo?

Asan na muna yung kapropropose na budget? Jusko pati yata mga kuting ng pusa ko magkaka utang pa WTH Akala ko ba may pera tayo to combat COVID19PH?



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