‘Sale of Naia bonds may fill ₧1-T financing gap’ | Cai Ordinario

IF the incoming administration is to survive the crisis that is to come, it should spend P1 trillion to address gaps in education, agriculture and the environment, according to former Socioeconomic Planning Secretary Romulo L. Neri.

“The alternative given the high rate of interest is to treat it as an advanced sale of property with the option for the government to buy back after 10 years with a floating rate structure embedded into the buyback price so as not to get stuck with a high interest rate over the long time period,” he explained.

For the tablets, Neri said, these take into account 25 million public school students to be given tablets worth P4,000 each. These tablets should be more of a basic model in order for them to upload lessons. Neri also proposes that P35 billion be allocated to purchase projectors for classrooms and P25 billion for laptops for school teachers to address education gaps.Laptops for public school teachers took into consideration 800,000 schoolteachers to be given laptops worth P30,000 each.

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