“To fully grasp the dimensions of the budget, you have to compute it on a daily basis, to fully appreciate the enormity of both spending and borrowings,” Recto said in a statement on Sunday.
This means that the remaining ₱4 billion would be funded from borrowings “every 24 hours,” Recto said. [Translation: If it is based on actual disbursements, ₱3.7 billion of daily expenditures needs to be filled up.] “Programs that dazzle are highlighted while muting the cost, a great portion of which are paid by debts left to the next generation to pay,” he added.
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